NOK (Nokia Oyj) Moat Score : 5/10 (As of Jul. 09, 2025)

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What is Nokia Oyj Moat Score?

Nokia Oyj has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Nokia Oyj has Narrow Moat: Nokia has a solid narrow moat with a strong brand and significant intellectual property in telecommunications. It benefits from customer loyalty and a global distribution network, but faces intense competition and pricing pressures.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Nokia Oyj might have Narrow Moat - Solid narrow moat.

Competitive Comparison of Nokia Oyj's Moat Score

For the Communication Equipment subindustry, Nokia Oyj's Moat Score, along with its competitors' market caps and Moat Score 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's Moat Score Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Nokia Oyj's Moat Score distribution charts can be found below:

* The bar in red indicates where Nokia Oyj's Moat Score falls into.

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Nokia Oyj (NYSE:NOK) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score	Moat Level
10	Wide Moat - Exceptionally dominant and durable wide moat
8 - 9	Wide Moat - Clear and robust wide moat
7	Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6	Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5	Narrow Moat - Solid narrow moat
4	Narrow Moat - Discernible but modest moat
1 - 3	No Moat - Very weak/transient advantages
0	No Moat - No discernible moat

Nokia Oyj Moat Score Related Terms

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Nokia Oyj Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nokia Oyj (NYSE:NOK) » Definitions » Moat Score

Comparable Companies

Address

Karakaari 7, Espoo, FIN, 02610

Website

https://www.nokia.com

Nokia provides telecom equipment and services that are used to build wireless and fixed-line networks. It operates in four segments. The mobile networks segment, which sells equipment and services to telecom carriers to power public wireless networks, is the largest. Network infrastructure focuses on fixed networks, including infrastructure, solutions, and components for IP networks, optical networks, and submarine networks. Cloud and network services is a nascent segment catering to enterprises, offering as-a-service platforms. Nokia also has a sizable research division and patent business, where it licenses technology used by handset providers, consumer electronics firms, and other firms making electronic and Internet of Things products.