NOKBF (Nokia Oyj) Research & Development: $5,761 Mil (TTM As of Mar. 2026)


NOKBF Nokia Oyj NOKBF
58 GF Score
Price $12.87
GF Value $4.82
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Nokia Oyj Research & Development?

Nokia Oyj NOKBF -7.81% 58 Research & Development is $5,761 Mil as of Mar. 2026. GuruFocus rates NOKBF with a GF Score™ of 58/100 and a GF Value™ of $4.82 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Nokia Oyj's Research & Development for the three months ended in Mar. 2026 was $1,432 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $5,761 Mil.

Nokia Oyj  (OTCPK:NOKBF) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Nokia Oyj Research & Development Related Terms

Nokia Oyj Research & Development Historical Data

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The historical data trend for Nokia Oyj's Research & Development 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.

Nokia Oyj Research & Development Chart

Nokia Oyj Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,761.58 4,770.13 4,664.12 4,724.61 5,685.01

Nokia Oyj Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,237.84 1,339.10 1,377.93 1,611.24 1,432.37
NOKBF
58GF Score
Nokia Oyj NOKBF
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Nokia Oyj Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5,761 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $5,761 Mil mean?
Nokia Oyj (NOKBF) has a Research & Development of $5,761 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Nokia Oyj and its competitors.
Is Nokia Oyj's Research & Development too high?
Nokia Oyj's current Research & Development is $5,761 Mil. Overall, Nokia Oyj has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nokia Oyj's Research & Development compare to CSCO and CIEN?
Nokia Oyj's Research & Development of $5,761 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Hardware company?
A good Research & Development depends on the Hardware industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Nokia Oyj and its competitors. Nokia Oyj's current Research & Development is $5,761 Mil. 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 (NOKBF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.82, compared to a current price of $12.87 — trading 167% above its estimated fair value. The current Research & Development is $5,761 Mil. Nokia Oyj's overall GF Score™ is 58/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Nokia Oyj (NOKBF), the current Research & Development is $5,761 Mil 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 (NOKBF) Overvalued in 2026?

Based on GuruFocus' analysis, Nokia Oyj stock appears to be overvalued. The current stock price of $12.87 is trading 167% above its estimated GF Value™ of $4.82. GuruFocus considers Nokia Oyj to be Significantly Overvalued.

Key valuation signals for NOKBF:

  • Research & Development: $5,761 Mil
  • GF Value™: $4.82 vs. price of $12.87 (167% above fair value)
  • GF Score™: 58/100 with 3 warning signs

No single metric tells the full story. See the NOKBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nokia Oyj Business Description

Address Karakaari 7, Espoo, FIN, 02610
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.
58GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.87
Price
$4.82
GF Value