Nokia OyjMEX:NOKN -7.87%47 Quick Ratio is 1.32 as of Mar. 2026, which is 1% below its 10-year median of 1.33. 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 2,492 Hardware companies, Nokia Oyj ranks worse than 55.54% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Nokia Oyj's quick ratio for the quarter that ended in Mar. 2026 was 1.32.
Nokia Oyj has a quick ratio of 1.32. It generally indicates good short-term financial strength.
The historical rank and industry rank for Nokia Oyj's Quick Ratio or its related term are showing as below:
MEX:NOKN'
s Quick Ratio Range Over the Past 10 Years
Min: 1.05 Med: 1.33 Max: 1.45
Current: 1.32
During the past 13 years, Nokia Oyj's highest Quick Ratio was 1.45. The lowest was 1.05. And the median was 1.33.
MEX:NOKN's Quick Ratio is ranked worse than 55.54% of 2492
companies
in the Hardware industry
Industry Median: 1.46
vs MEX:NOKN: 1.32
Nokia Oyj (MEX:NOKN) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Nokia Oyj Quick Ratio Related Terms
Nokia Oyj Quick Ratio Historical Data
* Premium members only.
The historical data trend for Nokia Oyj's Quick Ratio 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: Quick Ratio Comparison
For the Communication Equipment subindustry, Nokia Oyj's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs Hardware Industry
For the Hardware industry and Technology sector, Nokia Oyj's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Nokia Oyj's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Nokia Oyj's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Quick Ratio of 1.32 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Nokia Oyj and its competitors. This is near median its historical median of 1.33. Over the past decade, Nokia Oyj's Quick Ratio has ranged from 1.05 to 1.45. According to the industry distribution chart, Nokia Oyj ranks #1384 out of 2492 companies in the Hardware industry, placing it in the top 55.5%.
Is Nokia Oyj's Quick Ratio too high?
Nokia Oyj's current Quick Ratio of 1.32 is near median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 1.45. The Hardware industry median Quick Ratio is 1.46. Nokia Oyj's value of 1.32 is 9.6% below this industry median. Based on the distribution chart, Nokia Oyj ranks #1384 out of 2492 companies in the Hardware industry, which is below 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 Quick Ratio compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Nokia Oyj ranks #1384 out of 2492 companies for Quick Ratio. This places Nokia Oyj in the lower half of its industry. The industry median Quick Ratio is 1.46. Nokia Oyj's value of 1.32 is 9.6% below this benchmark. Historically, Nokia Oyj's own Quick Ratio has ranged from 1.05 to 1.45 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.46, Nokia Oyj has consistently been below 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 Quick Ratio for a Hardware company?
The median Quick Ratio among Hardware companies is 1.46, based on 2,492 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nokia Oyj's current Quick Ratio of 1.32 is 9.6% below 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Nokia Oyj and its competitors. For the Hardware industry, the median Quick Ratio is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nokia Oyj's current Quick Ratio is 1.32, which is near median its own 10-year median of 1.33. 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 Quick Ratio is 1.32, which is near median its 10-year median of 1.33 and 9.6% below the Hardware industry median of 1.46. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Nokia Oyj (MEX:NOKN), the current Quick Ratio is 1.32 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:
Quick Ratio: 1.32 (near median its 10-year median of 1.33)
GF Value™: MXN84.28 vs. price of MXN224.80 (166.7% above fair value)
Industry Position: 9.6% below the Hardware median (#1384 of 2492)
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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