NAS10029,644+0.67%S&P7,651+0.17%GOLD$4,416+0.37%BTC$81,118+6.17%VIX14.81−4.08%live tape · as of 23:00 UTC · 19 Sep
The Screen · Technology · Communication Equipment
Nokia Corp ADR
NOK · the NYSE · USD · 78,005 employees
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, Asia Pacific, Europe, the Middle East, and Africa.
Screened 2026-08-25 · the tape above runs as of 23:00 UTC · 19 Sep · two dates, stated on purpose · verdict and workings shown in full · never trimmed
The Label · The Season, Not the Day
This name holds its markup label.
Nokia Corp ADR holds its Markup at $10.35. The statistical read favours the sellers, held for 37 days.
As held on the ledger · 2026-08-25
Phase
Markup
Quantitative state
The statistical read favours the sellers, held for 37 days
Price at the screen
$10.35
Valuation
73.93 trailing · 20.83 forward price to earnings
Values screen
PASS· score 70.0
Beta
0.76
The Workings
Five Screens, Shown in Full
Full pass across all five screens. This security clears the Titan Ethical Standard: its business and its balance sheet both stay inside the lines.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
11.74%
Below 33%
Interest-bearing debt is just 11.7% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
3.83%
Below 33%
Cash held in interest-bearing accounts and securities is 3.8% of assets, under the one-third limit.
Pass
Receivables
27.76%
Below 49%
Money owed to the company is 27.8% of assets, under the 49% limit.
Pass
Revenue purity
1.78%
Below 5%
Only 1.8% of revenue comes from non-compliant sources, under the 5% line.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
Fair value range in USD, drawn from the 2026-08-25 screen. The gold marker is the market price at the same screen. A 34.9% margin of safety to the base estimate.
Third-party analyst targets: 9 covering, consensus Buy. The average target sits +45% from the screen price.
Reading the gap · Both our model and the analysts see meaningful upside from here.
Price History & Projections
Where it has been, where the models see it going. History from market close data; projection points are our fair-value estimates and third-party analyst targets, dated to the 2026-08-25 screen.
Fair value and rating are our own model estimates; the Street's range reflects third-party analyst estimates. Analysis, not advice.
The Business, in Plain Words
Nokia Trades Cheap But Delivers Little Growth
Picture a veteran network supplier still wiring the world's phones and factories long after the big contracts moved on. Nokia sits at a forward P/E of 20.6 times while revenue edges up just 2 percent a year and profit margins sit at 4 percent. Return on equity is only 4 percent and the moat is narrow. The ethical screen clears, yet the opportunity rating stays none.
The analyst crowd calls it a buy with a median target of 15 dollars, but the numbers show a business that earns too little on its capital and grows too slowly to justify the multiple. A 37 percent gap to fair value does not change the fact that this is a low-return operation in a competitive field.
Risk centres on further margin pressure if 5G spending slows or rivals take share. Currency moves and patchy demand in emerging markets add another layer of uncertainty. Analysis, not advice.
The risks · The things to watch: its business and earnings are exposed to Finland and to currency swings.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
NOK trades on the NYSE (the company is based in Finland). As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-08-24Markup$9.43-6.8%Entry 11
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 6.8% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15.
2026-07-23Markup$10.12+0.0%Entry 10
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-22Markup$10.12+0.0%Entry 9
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-21Markup$10.12+0.0%Entry 8
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-20Markup$10.12+0.0%Entry 7
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-19Markup$10.12-31.6%Entry 6
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 31.6% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-18Markup$14.80+0.0%Entry 5
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-17Markup$14.80+0.0%Entry 4
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-16Markup$14.80+0.0%Entry 3
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns. Our composite framework grades it B, carrying a low risk profile. Technically it is holding around 116% above its long-term trend line with momentum reading bullish. Over the past year the shares are up 153%. Our forward projection puts the odds of a 10% gain over the next month near 45%. The street (9 analysts) rates it buy, with a mean price target of $15. It reported earnings in this window, a natural checkpoint for the thesis.
2026-07-03Markup$14.80+0.0%Entry 2
The framework reads markup. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows excellent risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
