ADBE vs. NOK: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at ADBE and NOK, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

ADBE’s market capitalization of 161.66 billion USD is substantially larger than NOK’s 27.97 billion USD, indicating a significant difference in their market valuations.

ADBE’s beta of 1.54 points to significantly higher volatility compared to NOK (beta: 0.60), suggesting ADBE has greater potential for both gains and losses relative to market movements.

NOK is an American Depositary Receipt (ADR), allowing U.S. investors direct exposure to its non-U.S. operations. ADBE, on the other hand, is a domestic entity.

Symbol	ADBE	NOK
Company Name	Adobe Inc.	Nokia Oyj
Country	US	FI
Sector	Technology	Technology
Industry	Software - Infrastructure	Communication Equipment
CEO	Shantanu Narayen	Justin Hotard
Price	379.31 USD	5.19 USD
Market Cap	161.66 billion USD	27.97 billion USD
Beta	1.54	0.60
Exchange	NASDAQ	NYSE
IPO Date	August 13, 1986	July 1, 1994
ADR	No	Yes

Historical Performance

This chart compares the performance of ADBE and NOK by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

ADBE vs. NOK: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

ADBE

51.65%

Software - Infrastructure Industry

Max: 80.61%
Q3: 29.97%
Median: 2.84%
Q1: -8.35%
Min: -56.26%

In the upper quartile for the Software - Infrastructure industry, ADBE’s Return on Equity of 51.65% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

NOK

3.73%

Communication Equipment Industry

Max: 30.07%
Q3: 8.07%
Median: 1.84%
Q1: -11.93%
Min: -31.65%

NOK’s Return on Equity of 3.73% is on par with the norm for the Communication Equipment industry, indicating its profitability relative to shareholder equity is typical for the sector.

ADBE vs. NOK: A comparison of their ROE against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Return on Invested Capital

ADBE

35.47%

Software - Infrastructure Industry

Max: 39.31%
Q3: 11.97%
Median: 1.67%
Q1: -7.10%
Min: -34.29%

In the upper quartile for the Software - Infrastructure industry, ADBE’s Return on Invested Capital of 35.47% signifies a highly effective use of its capital to generate profits when compared to its peers.

NOK

3.52%

Communication Equipment Industry

Max: 11.59%
Q3: 6.61%
Median: 2.97%
Q1: -2.58%
Min: -13.18%

NOK’s Return on Invested Capital of 3.52% is in line with the norm for the Communication Equipment industry, reflecting a standard level of efficiency in generating profits from its capital base.

ADBE vs. NOK: A comparison of their ROIC against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Net Profit Margin

ADBE

30.39%

Software - Infrastructure Industry

Max: 46.46%
Q3: 14.65%
Median: 2.66%
Q1: -7.70%
Min: -35.45%

A Net Profit Margin of 30.39% places ADBE in the upper quartile for the Software - Infrastructure industry, signifying strong profitability and more effective cost management than most of its peers.

NOK

4.02%

Communication Equipment Industry

Max: 23.65%
Q3: 9.21%
Median: 2.46%
Q1: -8.56%
Min: -29.87%

NOK’s Net Profit Margin of 4.02% is aligned with the median group of its peers in the Communication Equipment industry. This indicates its ability to convert revenue into profit is typical for the sector.

ADBE vs. NOK: A comparison of their Net Profit Margin against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Operating Profit Margin

ADBE

36.37%

Software - Infrastructure Industry

Max: 48.51%
Q3: 16.56%
Median: 4.48%
Q1: -6.43%
Min: -40.18%

An Operating Profit Margin of 36.37% places ADBE in the upper quartile for the Software - Infrastructure industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

NOK

7.94%

Communication Equipment Industry

Max: 30.72%
Q3: 11.64%
Median: 5.79%
Q1: -2.28%
Min: -18.20%

NOK’s Operating Profit Margin of 7.94% is around the midpoint for the Communication Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.

ADBE vs. NOK: A comparison of their Operating Margin against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Profitability at a Glance

Symbol	ADBE	NOK
Return on Equity (TTM)	51.65%	3.73%
Return on Assets (TTM)	24.44%	1.96%
Return on Invested Capital (TTM)	35.47%	3.52%
Net Profit Margin (TTM)	30.39%	4.02%
Operating Profit Margin (TTM)	36.37%	7.94%
Gross Profit Margin (TTM)	89.25%	60.60%

Financial Strength

Current Ratio

ADBE

0.99

Software - Infrastructure Industry

Max: 3.80
Q3: 2.25
Median: 1.51
Q1: 1.10
Min: 0.23

ADBE’s Current Ratio of 0.99 falls into the lower quartile for the Software - Infrastructure industry. This indicates a tighter liquidity situation and a more constrained capacity to handle short-term debt than many of its competitors.

NOK

1.36

Communication Equipment Industry

Max: 3.40
Q3: 2.59
Median: 1.62
Q1: 1.32
Min: 0.86

NOK’s Current Ratio of 1.36 aligns with the median group of the Communication Equipment industry, indicating that its short-term liquidity is in line with its sector peers.

ADBE vs. NOK: A comparison of their Current Ratio against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Debt-to-Equity Ratio

ADBE

0.03

Software - Infrastructure Industry

Max: 2.56
Q3: 1.12
Median: 0.33
Q1: 0.05
Min: 0.00

Falling into the lower quartile for the Software - Infrastructure industry, ADBE’s Debt-to-Equity Ratio of 0.03 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

NOK

0.24

Communication Equipment Industry

Max: 1.82
Q3: 1.00
Median: 0.53
Q1: 0.20
Min: 0.02

NOK’s Debt-to-Equity Ratio of 0.24 is typical for the Communication Equipment industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ADBE vs. NOK: A comparison of their D/E Ratio against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Interest Coverage Ratio

ADBE

-283.48

Software - Infrastructure Industry

Max: 32.21
Q3: 5.24
Median: 0.95
Q1: -17.99
Min: -50.82

ADBE has a negative Interest Coverage Ratio of -283.48. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

NOK

52.48

Communication Equipment Industry

Max: 16.12
Q3: 9.22
Median: 2.52
Q1: -0.75
Min: -12.07

With an Interest Coverage Ratio of 52.48, NOK demonstrates a superior capacity to service its debt, placing it well above the typical range for the Communication Equipment industry. This stems from either robust earnings or a conservative debt load.

ADBE vs. NOK: A comparison of their Interest Coverage against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Financial Strength at a Glance

Symbol	ADBE	NOK
Current Ratio (TTM)	0.99	1.36
Quick Ratio (TTM)	0.99	1.15
Debt-to-Equity Ratio (TTM)	0.03	0.24
Debt-to-Asset Ratio (TTM)	0.01	0.13
Net Debt-to-EBITDA Ratio (TTM)	-0.52	-0.20
Interest Coverage Ratio (TTM)	-283.48	52.48

Growth

The following charts compare key year-over-year (YoY) growth metrics for ADBE and NOK. These metrics are based on the companies’ annual financial reports.

Revenue Growth

ADBE vs. NOK: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

ADBE vs. NOK: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

ADBE vs. NOK: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

ADBE

0.00%

Software - Infrastructure Industry

Max: 4.07%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ADBE currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

NOK

2.69%

Communication Equipment Industry

Max: 4.72%
Q3: 0.38%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

With a Dividend Yield of 2.69%, NOK offers a more attractive income stream than most of its peers in the Communication Equipment industry, signaling a strong commitment to shareholder returns.

ADBE vs. NOK: A comparison of their Dividend Yield against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Dividend Payout Ratio

ADBE

0.00%

Software - Infrastructure Industry

Max: 48.68%
Q3: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ADBE has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

NOK

91.96%

Communication Equipment Industry

Max: 91.96%
Q3: 26.44%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Payout Ratio of 91.96% is in the upper quartile for the Communication Equipment industry. This indicates a strong commitment to shareholder returns but also suggests that a smaller portion of earnings is retained for reinvestment compared to many peers.

ADBE vs. NOK: A comparison of their Payout Ratio against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Dividend at a Glance

Symbol	ADBE	NOK
Dividend Yield (TTM)	0.00%	2.69%
Dividend Payout Ratio (TTM)	0.00%	91.96%

Valuation

Price-to-Earnings Ratio

ADBE

23.86

Software - Infrastructure Industry

Max: 107.77
Q3: 54.40
Median: 28.10
Q1: 18.03
Min: 5.32

ADBE’s P/E Ratio of 23.86 is within the middle range for the Software - Infrastructure industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

NOK

30.67

Communication Equipment Industry

Max: 44.37
Q3: 41.98
Median: 30.61
Q1: 23.44
Min: 2.14

NOK’s P/E Ratio of 30.67 is within the middle range for the Communication Equipment industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

ADBE vs. NOK: A comparison of their P/E Ratio against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Forward P/E to Growth Ratio

ADBE

2.57

Software - Infrastructure Industry

Max: 8.12
Q3: 3.94
Median: 2.13
Q1: 0.94
Min: 0.01

ADBE’s Forward PEG Ratio of 2.57 is within the middle range of its peers in the Software - Infrastructure industry. This suggests a reasonable balance between the stock’s price and its expected growth, aligning with sector valuation norms.

NOK

4.29

Communication Equipment Industry

Max: 15.97
Q3: 6.99
Median: 2.78
Q1: 0.66
Min: 0.05

The Forward PEG Ratio is often not a primary valuation metric in the Communication Equipment industry.

ADBE vs. NOK: A comparison of their Forward PEG Ratio against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Price-to-Sales Ratio

ADBE

7.15

Software - Infrastructure Industry

Max: 18.25
Q3: 9.05
Median: 4.77
Q1: 2.30
Min: 0.11

ADBE’s P/S Ratio of 7.15 aligns with the market consensus for the Software - Infrastructure industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

NOK

1.24

Communication Equipment Industry

Max: 6.38
Q3: 3.88
Median: 2.17
Q1: 1.15
Min: 0.37

NOK’s P/S Ratio of 1.24 aligns with the market consensus for the Communication Equipment industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

ADBE vs. NOK: A comparison of their P/S Ratio against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Price-to-Book Ratio

ADBE

14.31

Software - Infrastructure Industry

Max: 19.94
Q3: 10.91
Median: 6.33
Q1: 2.95
Min: 0.51

The P/B Ratio is often not a primary valuation metric for the Software - Infrastructure industry.

NOK

1.14

Communication Equipment Industry

Max: 14.42
Q3: 7.01
Median: 3.09
Q1: 1.38
Min: 0.41

NOK’s P/B Ratio of 1.14 is in the lower quartile for the Communication Equipment industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

ADBE vs. NOK: A comparison of their P/B Ratio against their respective Software - Infrastructure and Communication Equipment industry benchmarks.

Valuation at a Glance

Symbol	ADBE	NOK
Price-to-Earnings Ratio (P/E, TTM)	23.86	30.67
Forward PEG Ratio (TTM)	2.57	4.29
Price-to-Sales Ratio (P/S, TTM)	7.15	1.24
Price-to-Book Ratio (P/B, TTM)	14.31	1.14
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	17.13	13.26
EV-to-EBITDA (TTM)	18.02	9.51
EV-to-Sales (TTM)	6.95	1.21