Nokia OyjLTS:0HAF -3.29%59 Net Current Asset Value is €-0.20 as of Mar. 2026. GuruFocus rates LTS:0HAF with a GF Score™ of 59/100 and a GF Value™ of €4.29 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,844 Hardware companies, Nokia Oyj ranks worse than 54229.88% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Nokia Oyj's net current asset value per share for the quarter that ended in Mar. 2026 was €-0.20.
The historical rank and industry rank for Nokia Oyj's Net Current Asset Value or its related term are showing as below:
During the past 13 years, the highest Price-to-Net-Current-Asset-Value Ratio of Nokia Oyj was 355.85. The lowest was 355.85. And the median was 355.85.
LTS:0HAF's Price-to-Net-Current-Asset-Value is not ranked *
in the Hardware industry.
Industry Median: 5.3 * Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
Nokia Oyj (LTS:0HAF) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Nokia Oyj Net Current Asset Value Related Terms
Nokia Oyj Net Current Asset Value Historical Data
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The historical data trend for Nokia Oyj's Net Current Asset Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LTS:0HAF vs CSCO, CIEN, MSI: Net Current Asset Value Comparison
For the Communication Equipment subindustry, Nokia Oyj's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Nokia Oyj Price-to-Net-Current-Asset-Value vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Price-to-Net-Current-Asset-Value falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Net Current Asset Value of €-0.20 mean?
Nokia Oyj (LTS:0HAF) has a Net Current Asset Value of €-0.20 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Nokia Oyj and its competitors. Over the past decade, Nokia Oyj's Net Current Asset Value has ranged from 355.85 to 355.85. According to the industry distribution chart, Nokia Oyj ranks #999999 out of 1844 companies in the Hardware industry.
Is Nokia Oyj's Net Current Asset Value too high?
Nokia Oyj's current Net Current Asset Value is €-0.20. Over the past 10 years, this metric has ranged from a low of 355.85 to a high of 355.85. Based on the distribution chart, Nokia Oyj ranks #999999 out of 1844 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Nokia Oyj has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Net Current Asset Value compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #999999 out of 1844 companies for Net Current Asset Value. This places Nokia Oyj in the lower half of its industry. The industry median Net Current Asset Value is 5.30. Historically, Nokia Oyj's own Net Current Asset Value has ranged from 355.85 to 355.85 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Hardware company?
The median Net Current Asset Value among Hardware companies is 5.30, based on 1,844 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Nokia Oyj and its competitors. For the Hardware industry, the median Net Current Asset Value is 5.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current Net Current Asset Value is €-0.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nokia Oyj stock overvalued right now?
Based on GuruFocus' analysis, Nokia Oyj (LTS:0HAF) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.29, compared to a current price of €10.82 — trading 152.2% above its estimated fair value. The current Net Current Asset Value is €-0.20. Nokia Oyj's overall GF Score™ is 59/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Nokia Oyj (LTS:0HAF), the current Net Current Asset Value is €-0.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Nokia Oyj (LTS:0HAF) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of €10.82 is trading 152.2% above its estimated GF Value™ of €4.29.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for LTS:0HAF:
Net Current Asset Value: €-0.20
GF Value™: €4.29 vs. price of €10.82 (152.2% above fair value)
No single metric tells the full story. See the LTS:0HAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nokia is a networking equipment vendor focused primarily on supporting wireless networks and, to a growing extent, Internet Protocol and optical systems. The firm operates three segments. The mobile infrastructure segment sells equipment and software used to operate the core of carrier and enterprise wireless networks. Network infrastructure comprises IP, optical, and fixed-network equipment, including switching and routing equipment, optical components, and devices used in fiber-to-the-premises networks. The portfolio business comprises businesses considered noncore to Nokia in the future, including fixed wireless access customer premises equipment, enterprise campus edge, and microwave radio.
59GF Score
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