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

Updated on October 10, 2025

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

Company Profile

GRMN is a standard domestic listing, while NOK trades as an American Depositary Receipt (ADR), offering U.S. investors access to its foreign-listed shares.

Symbol	GRMN	NOK
Company Name	Garmin Ltd.	Nokia Oyj
Country	Switzerland	Finland
GICS Sector	Consumer Discretionary	Information Technology
GICS Industry	Household Durables	Communications Equipment
Market Capitalization	50.00 billion USD	27.81 billion USD
Exchange	NYSE	NYSE
Listing Date	December 8, 2000	July 1, 1994
Security Type	Common Stock	ADR

Historical Performance

This chart compares the performance of GRMN 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.

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

Historical Performance at a Glance

Symbol	GRMN	NOK
5-Day Price Return	0.79%	3.78%
13-Week Price Return	19.65%	-2.00%
26-Week Price Return	40.16%	-14.93%
52-Week Price Return	59.24%	-30.85%
Month-to-Date Return	5.50%	4.27%
Year-to-Date Return	25.94%	-0.50%
10-Day Avg. Volume	0.72M	10.97M
3-Month Avg. Volume	0.85M	11.06M
3-Month Volatility	25.51%	31.17%
Beta	1.04	0.74

Profitability

Return on Equity (TTM)

GRMN

19.82%

Household Durables Industry

Max: 27.70%
Q3: 17.40%
Median: 12.87%
Q1: 7.33%
Min: -5.50%

In the upper quartile for the Household Durables industry, GRMN’s Return on Equity of 19.82% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.

NOK

5.01%

Communications Equipment Industry

Max: 32.30%
Q3: 20.90%
Median: 9.10%
Q1: 4.29%
Min: -13.50%

NOK’s Return on Equity of 5.01% is on par with the norm for the Communications Equipment industry, indicating its profitability relative to shareholder equity is typical for the sector.

GRMN vs. NOK: A comparison of their Return on Equity (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Net Profit Margin (TTM)

GRMN

23.21%

Household Durables Industry

Max: 16.37%
Q3: 9.18%
Median: 6.63%
Q1: 3.85%
Min: -3.29%

GRMN’s Net Profit Margin of 23.21% is exceptionally high, placing it well beyond the typical range for the Household Durables industry. This demonstrates outstanding operational efficiency and a strong competitive advantage in converting revenue into profit.

NOK

5.31%

Communications Equipment Industry

Max: 23.65%
Q3: 12.56%
Median: 5.62%
Q1: 2.50%
Min: -3.09%

NOK’s Net Profit Margin of 5.31% is aligned with the median group of its peers in the Communications Equipment industry. This indicates its ability to convert revenue into profit is typical for the sector.

GRMN vs. NOK: A comparison of their Net Profit Margin (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Operating Profit Margin (TTM)

GRMN

26.02%

Household Durables Industry

Max: 21.32%
Q3: 12.25%
Median: 9.93%
Q1: 5.57%
Min: -1.07%

GRMN’s Operating Profit Margin of 26.02% is exceptionally high, placing it well above the typical range for the Household Durables industry. This demonstrates outstanding efficiency in managing its core operations, which can be a result of strong pricing power or superior cost control.

NOK

6.21%

Communications Equipment Industry

Max: 25.23%
Q3: 13.72%
Median: 6.44%
Q1: 3.00%
Min: -10.95%

NOK’s Operating Profit Margin of 6.21% is around the midpoint for the Communications Equipment industry, indicating that its efficiency in managing core business operations is typical for the sector.

GRMN vs. NOK: A comparison of their Operating Profit Margin (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Profitability at a Glance

Symbol	GRMN	NOK
Return on Equity (TTM)	19.82%	5.01%
Return on Assets (TTM)	16.05%	2.68%
Net Profit Margin (TTM)	23.21%	5.31%
Operating Profit Margin (TTM)	26.02%	6.21%
Gross Profit Margin (TTM)	58.94%	44.23%

Financial Strength

Current Ratio (MRQ)

GRMN

3.01

Household Durables Industry

Max: 6.09
Q3: 3.79
Median: 2.54
Q1: 1.23
Min: 0.83

GRMN’s Current Ratio of 3.01 aligns with the median group of the Household Durables industry, indicating that its short-term liquidity is in line with its sector peers.

NOK

1.46

Communications Equipment Industry

Max: 3.33
Q3: 2.13
Median: 1.55
Q1: 1.15
Min: 0.91

NOK’s Current Ratio of 1.46 aligns with the median group of the Communications Equipment industry, indicating that its short-term liquidity is in line with its sector peers.

GRMN vs. NOK: A comparison of their Current Ratio (MRQ) against their respective Household Durables and Communications Equipment industry benchmarks.

Debt-to-Equity Ratio (MRQ)

GRMN

0.00

Household Durables Industry

Max: 1.89
Q3: 0.87
Median: 0.34
Q1: 0.19
Min: 0.00

Falling into the lower quartile for the Household Durables industry, GRMN’s Debt-to-Equity Ratio of 0.00 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

NOK

0.21

Communications Equipment Industry

Max: 1.44
Q3: 0.86
Median: 0.53
Q1: 0.22
Min: 0.00

Falling into the lower quartile for the Communications Equipment industry, NOK’s Debt-to-Equity Ratio of 0.21 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

GRMN vs. NOK: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Household Durables and Communications Equipment industry benchmarks.

Interest Coverage Ratio (TTM)

GRMN

73.26

Household Durables Industry

Max: 140.40
Q3: 77.14
Median: 24.53
Q1: 5.69
Min: -17.01

GRMN’s Interest Coverage Ratio of 73.26 is positioned comfortably within the norm for the Household Durables industry, indicating a standard and healthy capacity to cover its interest payments.

NOK

34.19

Communications Equipment Industry

Max: 55.49
Q3: 34.19
Median: 7.59
Q1: 3.73
Min: -9.94

NOK’s Interest Coverage Ratio of 34.19 is positioned comfortably within the norm for the Communications Equipment industry, indicating a standard and healthy capacity to cover its interest payments.

GRMN vs. NOK: A comparison of their Interest Coverage Ratio (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Financial Strength at a Glance

Symbol	GRMN	NOK
Current Ratio (MRQ)	3.01	1.46
Quick Ratio (MRQ)	1.88	1.21
Debt-to-Equity Ratio (MRQ)	0.00	0.21
Interest Coverage Ratio (TTM)	73.26	34.19

Growth

Revenue Growth

GRMN vs. NOK: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

GRMN vs. NOK: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

GRMN

1.22%

Household Durables Industry

Max: 9.61%
Q3: 3.97%
Median: 2.00%
Q1: 0.18%
Min: 0.00%

GRMN’s Dividend Yield of 1.22% is consistent with its peers in the Household Durables industry, providing a dividend return that is standard for its sector.

NOK

3.03%

Communications Equipment Industry

Max: 8.13%
Q3: 3.29%
Median: 0.94%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Yield of 3.03% is consistent with its peers in the Communications Equipment industry, providing a dividend return that is standard for its sector.

GRMN vs. NOK: A comparison of their Dividend Yield (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Dividend Payout Ratio (TTM)

GRMN

38.63%

Household Durables Industry

Max: 129.55%
Q3: 65.55%
Median: 42.15%
Q1: 6.45%
Min: 0.00%

GRMN’s Dividend Payout Ratio of 38.63% is within the typical range for the Household Durables industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

NOK

50.74%

Communications Equipment Industry

Max: 111.16%
Q3: 70.91%
Median: 30.78%
Q1: 0.00%
Min: 0.00%

NOK’s Dividend Payout Ratio of 50.74% is within the typical range for the Communications Equipment industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

GRMN vs. NOK: A comparison of their Dividend Payout Ratio (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Dividend at a Glance

Symbol	GRMN	NOK
Dividend Yield (TTM)	1.22%	3.03%
Dividend Payout Ratio (TTM)	38.63%	50.74%

Valuation

Price-to-Earnings Ratio (TTM)

GRMN

31.66

Household Durables Industry

Max: 33.67
Q3: 19.33
Median: 12.58
Q1: 9.62
Min: 6.48

A P/E Ratio of 31.66 places GRMN in the upper quartile for the Household Durables industry. This high valuation relative to peers suggests the market holds elevated expectations for the company’s future growth.

NOK

22.95

Communications Equipment Industry

Max: 103.74
Q3: 61.65
Median: 26.20
Q1: 18.12
Min: 4.19

NOK’s P/E Ratio of 22.95 is within the middle range for the Communications 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.

GRMN vs. NOK: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Price-to-Sales Ratio (TTM)

GRMN

7.35

Household Durables Industry

Max: 2.54
Q3: 1.39
Median: 0.90
Q1: 0.54
Min: 0.19

With a P/S Ratio of 7.35, GRMN trades at a valuation that eclipses even the highest in the Household Durables industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

NOK

1.22

Communications Equipment Industry

Max: 6.86
Q3: 6.24
Median: 2.44
Q1: 1.02
Min: 0.48

NOK’s P/S Ratio of 1.22 aligns with the market consensus for the Communications Equipment industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

GRMN vs. NOK: A comparison of their Price-to-Sales Ratio (TTM) against their respective Household Durables and Communications Equipment industry benchmarks.

Price-to-Book Ratio (MRQ)

GRMN

4.95

Household Durables Industry

Max: 3.26
Q3: 2.01
Median: 1.38
Q1: 1.00
Min: 0.58

At 4.95, GRMN’s P/B Ratio is at an extreme premium to the Household Durables industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

NOK

1.21

Communications Equipment Industry

Max: 6.28
Q3: 5.73
Median: 3.32
Q1: 2.02
Min: 0.42

NOK’s P/B Ratio of 1.21 is in the lower quartile for the Communications 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.

GRMN vs. NOK: A comparison of their Price-to-Book Ratio (MRQ) against their respective Household Durables and Communications Equipment industry benchmarks.

Valuation at a Glance

Symbol	GRMN	NOK
Price-to-Earnings Ratio (TTM)	31.66	22.95
Price-to-Sales Ratio (TTM)	7.35	1.22
Price-to-Book Ratio (MRQ)	4.95	1.21
Price-to-Free Cash Flow Ratio (TTM)	44.06	15.82