Nokia OyjMEX:NOKN -7.87%47 Pretax Margin % is 4.00% as of Mar. 2026, which is at its 10-year median of 4.00. GuruFocus rates MEX:NOKN with a GF Score™ of 47/100 and a GF Value™ of MXN84.28 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,472 Hardware companies, Nokia Oyj ranks better than 59.39% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Nokia Oyj's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN3,752 Mil. Nokia Oyj's Revenue for the
three
months ended in Mar. 2026 was MXN93,749 Mil. Therefore, Nokia Oyj's pretax margin for the quarter that ended in Mar. 2026 was 4.00%.
The historical rank and industry rank for Nokia Oyj's Pretax Margin % or its related term are showing as below:
MEX:NOKN'
s Pretax Margin % Range Over the Past 10 Years
Min: -5.79 Med: 4 Max: 10.88
Current: 5.66
MEX:NOKN's Pretax Margin % is ranked better than 59.39% of 2472
companies
in the Hardware industry
Industry Median: 3.575
vs MEX:NOKN: 5.66
Nokia Oyj (MEX:NOKN) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Nokia Oyj Pretax Margin % Related Terms
Nokia Oyj Pretax Margin % Historical Data
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The historical data trend for Nokia Oyj's Pretax Margin % 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.
MEX:NOKN vs CSCO, CIEN, MSI: Pretax Margin % Comparison
For the Communication Equipment subindustry, Nokia Oyj's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Pretax Margin % 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.
Nokia Oyj (MEX:NOKN) has a Pretax Margin % of 4.00% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nokia Oyj and its competitors. This is near median its historical median of 4.00. According to the industry distribution chart, Nokia Oyj ranks #1004 out of 2472 companies in the Hardware industry, placing it in the top 40.6%.
Is Nokia Oyj's Pretax Margin % too high?
Nokia Oyj's current Pretax Margin % of 4.00% is near median its 10-year median of 4.00. The Hardware industry median Pretax Margin % is 3.58. Nokia Oyj's value of 4.00% is 11.9% above this industry median. Based on the distribution chart, Nokia Oyj ranks #1004 out of 2472 companies in the Hardware industry, which is above the industry midpoint. Overall, Nokia Oyj has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Pretax Margin % compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #1004 out of 2472 companies for Pretax Margin %. This puts Nokia Oyj in the upper half of its industry. The industry median Pretax Margin % is 3.58. Nokia Oyj's value of 4.00% is 11.9% above this benchmark. While the company's 10-year median is 4.00 vs. the industry median of 3.58, Nokia Oyj has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,472 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nokia Oyj's current Pretax Margin % of 4.00% is 11.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Nokia Oyj and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current Pretax Margin % is 4.00%, which is near median its own 10-year median of 4.00. 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 (MEX:NOKN) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN84.28, compared to a current price of MXN224.80 — trading 166.7% above its estimated fair value. The current Pretax Margin % is 4.00%, which is near median its 10-year median of 4.00 and 11.9% above the Hardware industry median of 3.58. Nokia Oyj's overall GF Score™ is 47/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Nokia Oyj (MEX:NOKN), the current Pretax Margin % is 4.00% 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 (MEX:NOKN) Overvalued in 2026?
Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued.
The current stock price of MXN224.80 is trading 166.7% above its estimated GF Value™ of MXN84.28.
GuruFocus considers Nokia Oyj to be Significantly Overvalued.
Key valuation signals for MEX:NOKN:
Pretax Margin %: 4.00% (near median its 10-year median of 4.00)
GF Value™: MXN84.28 vs. price of MXN224.80 (166.7% above fair value)
Industry Position: 11.9% above the Hardware median (#1004 of 2472)
No single metric tells the full story. See the MEX:NOKN 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.
47GF Score
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