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Nokia (NOK, Networking gear) Stock Valuation & Fair Value

Trading above its usual valuation

Nokia (NOK, Networking gear) trades at a current P/E of 19.4, about 25% above its historical normal valuation, with a forward growth estimate of 18.6% and a PEG of 1.04. Analysts' one-year estimates have been hit 18% of the time. Priced at its historical normal P/E of 15.5 on the same blended earnings, the 2026-11-06 close of $7.66 corresponds to about $6.13 a share. This is a valuation reference, not a price target.

How to read these numbers: the PEG ratio and current P/E versus normal P/E.

DATA AS OF 2026-11-07
Current P/E
19.4
Normal P/E
15.5
PEG
1.04
Fwd growth
18.6%
Div yield
1.5%
RSI (14)
35.7
Neutral
Technical context
  • Price $7.66 at the Nov 6 close, 13.0% below the 20-day average ($8.80) and 21.4% below the 50-day ($9.74).
  • RSI (14) at 35.7.
  • 52-week range $5.87 to $16.85: the price is 54.5% below the high and 30.5% above the low.

The Street vs SeerForecast

Wall Street's mean price target for NOK is $14.52 across 12 analysts, 89.5% above the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: trading above its usual valuation. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating changed 2 times after 2026-09-19 and is back where it started: significantly overvalued as of 2026-11-02.

Current P/E and rating by weekCurrent P/E moved from 28.5 to 21.8 between 2026-09-18 and 2026-10-30, against a normal P/E of 15.5, with 2 rating changes over 7 recorded weeks.2026-09-18: P/E 28.5, Significantly overvalued, recalculated for the week of 2026-09-192026-09-18: P/E 28.5, Significantly overvalued, recorded live 2026-09-212026-09-25: P/E 27.6, Significantly overvalued, recalculated for the week of 2026-09-262026-09-25: P/E 27.6, Significantly overvalued, recorded live 2026-09-282026-10-02: P/E 28.1, Significantly overvalued, recalculated for the week of 2026-10-032026-10-02: P/E 28.1, Significantly overvalued, recorded live 2026-10-052026-10-09: P/E 27.3, Significantly overvalued, recalculated for the week of 2026-10-102026-10-09: P/E 27.3, Significantly overvalued, recorded live 2026-10-122026-10-16: P/E 24.0, Significantly overvalued, recalculated for the week of 2026-10-172026-10-16: P/E 24.0, Significantly overvalued, recorded live 2026-10-192026-10-23: P/E 20.8, Trading above its usual valuation, recalculated for the week of 2026-10-242026-10-23: P/E 20.8, Trading above its usual valuation, recorded live 2026-10-262026-10-30: P/E 21.8, Significantly overvalued, recalculated for the week of 2026-10-312026-10-30: P/E 21.8, Significantly overvalued, recorded live 2026-11-0220.025.0Sep 18Sep 28Oct 9Oct 20Oct 30Normal P/E 15.5
Trading above its usual valuationSignificantly overvaluedLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 28.5+84%Significantly overvalued (recalculated)
2026-10-24P/E 20.8+34%Trading above its usual valuation (recalculated)
2026-10-31P/E 21.8+40%Significantly overvalued (recalculated) (across a rating rules change)
2026-11-02P/E 21.8+40%Significantly overvalued ← now
Show all 14 readings
WeekCurrent P/EPremium to normal P/ERating
2026-09-19P/E 28.5+84%Significantly overvalued (recalculated)
2026-09-21P/E 28.5+84%Significantly overvalued
2026-09-26P/E 27.6+78%Significantly overvalued (recalculated)
2026-09-28P/E 27.6+78%Significantly overvalued
2026-10-03P/E 28.1+81%Significantly overvalued (recalculated)
2026-10-05P/E 28.1+81%Significantly overvalued
2026-10-10P/E 27.3+76%Significantly overvalued (recalculated)
2026-10-12P/E 27.3+76%Significantly overvalued
2026-10-17P/E 24.0+55%Significantly overvalued (recalculated)
2026-10-19P/E 24.0+55%Significantly overvalued
2026-10-24P/E 20.8+34%Trading above its usual valuation (recalculated)
2026-10-26P/E 20.8+34%Trading above its usual valuation
2026-10-31P/E 21.8+40%Significantly overvalued (recalculated) (across a rating rules change)
2026-11-02P/E 21.8+40%Significantly overvalued ← now

Frequently asked questions

Is Nokia stock overvalued?

At a current P/E of 19.4 versus its historical normal P/E of 15.5, Nokia trades about 25% above its typical valuation, with a PEG of 1.04 on 18.6% forward growth. tickerseer currently rates it trading above its usual valuation.

What is Nokia's fair value and PEG?

Nokia trades at a current P/E of 19.4 against a historical normal P/E of 15.5, a PEG of 1.04, and a forward growth estimate of 18.6%. Priced at its historical normal P/E of 15.5 on the same blended earnings, the 2026-11-06 close of $7.66 corresponds to about $6.13 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Nokia changed?

tickerseer's rating changed 2 times after 2026-09-19 and is back where it started: significantly overvalued as of 2026-11-02.

What is the analyst price target for Nokia?

The mean Wall Street price target for Nokia is $14.52 across 12 analysts, 89.5% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Networking gear. Create a free account to see the full analysis: the SeerAI score, valuation history, and an AI research note where we have one. Options setups and metric history are part of the paid plans.

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