HPE vs. NOK: Hewlett Packard Enterprise vs. Nokia Stock Comparison

November 11, 2026

How do Hewlett Packard Enterprise (HPE) and Nokia (NOK) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Hewlett Packard Enterprise (HPE) and Nokia (NOK) both fall under the Technology Hardware & Equipment industry group, but HPE is classified in Technology Hardware, Storage & Peripherals while NOK is classified in Communications Equipment.

Hewlett Packard Enterprise (HPE) trades as ordinary local shares, while Nokia (NOK) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Profile Item	HPE	NOK
Name	Hewlett Packard Enterprise Company	Nokia Corporation Sponsored ADR
Country/Region	United States	Finland
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals	Communications Equipment
GICS Sub-Industry	Technology Hardware, Storage & Peripherals	Communications Equipment
Market Capitalization	59.43 billion USD	43.35 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 19, 2015	July 1, 1994
Security Type	Common Stock	ADR

Price Performance

Cumulative Growth

HPE

NOK

GSPC

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Hewlett Packard Enterprise (HPE) and Nokia (NOK). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Hewlett Packard Enterprise (HPE) and Nokia (NOK). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
Total Return (1Y)	110.12%	19.81%
Total Return (3Y, Annualized)	49.38%	36.27%
Total Return (5Y, Annualized)	28.98%	9.52%

Risk Profile

Drawdown History

HPE

NOK

GSPC

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Hewlett Packard Enterprise (HPE) and Nokia (NOK). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
Volatility (1Y, Annualized)	61.60%	62.40%
Beta (5Y)	1.49	1.24
Max Drawdown (5Y)	-48.36%	-55.73%
Avg. Volume (3M)	20.47M	77.91M

Risk-Adjusted Performance

Risk-Return Positioning

HPE and NOK are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
Sharpe Ratio (1Y)	1.72	0.25
Sortino Ratio (1Y)	2.76	0.35

Profitability

ROE (TTM)

Both Hewlett Packard Enterprise (HPE) at 10.94% and Nokia (NOK) at 3.88% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

HPE

Technology Hardware & Equipment industry group

10.94%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
HPE: 10.94%
Q1: 1.63%
Min: -20.62%

NOK

Technology Hardware & Equipment industry group

3.88%

Max: 42.47%
Q3: 19.13%
Median: 11.00%
NOK: 3.88%
Q1: 1.63%
Min: -20.62%

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Both Hewlett Packard Enterprise (HPE) at 6.67% and Nokia (NOK) at 3.75% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

HPE

Technology Hardware & Equipment industry group

6.67%

Max: 27.60%
Q3: 11.66%
HPE: 6.67%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

NOK

Technology Hardware & Equipment industry group

3.75%

Max: 27.60%
Q3: 11.66%
Median: 4.08%
NOK: 3.75%
Q1: 0.00%
Min: -11.02%

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

Both Hewlett Packard Enterprise (HPE) at 12.56% and Nokia (NOK) at 10.81% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

HPE

Technology Hardware & Equipment industry group

12.56%

Max: 36.27%
Q3: 18.36%
HPE: 12.56%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

NOK

Technology Hardware & Equipment industry group

10.81%

Max: 36.27%
Q3: 18.36%
NOK: 10.81%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
ROE (TTM)	10.94%	3.88%
ROA (TTM)	2.64%	3.49%
Net Margin (TTM)	6.67%	3.75%
Operating Margin (TTM)	12.56%	10.81%
Gross Margin (TTM)	36.62%	45.43%

Growth

Revenue Growth

Both Hewlett Packard Enterprise (HPE) at 13.84% and Nokia (NOK) at 3.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Hewlett Packard Enterprise (HPE) at -102.07% and Nokia (NOK) at -47.83% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
Revenue Growth (YoY)	13.84%	3.48%
Revenue Growth (3Y CAGR)	6.37%	-5.76%
EPS Growth (YoY)	-102.07%	-47.83%
EPS Growth (3Y CAGR)	--	-45.71%

Financial Strength

Current Ratio (MRQ)

Nokia (NOK) at 1.46 keeps current ratio within its industry’s typical mid-range, while Hewlett Packard Enterprise (HPE) at 1.11 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for HPE.

HPE

Technology Hardware & Equipment industry group

1.11

Max: 5.34
Q3: 3.02
Median: 1.95
Q1: 1.32
HPE: 1.11
Min: 0.17

NOK

Technology Hardware & Equipment industry group

1.46

Max: 5.34
Q3: 3.02
Median: 1.95
NOK: 1.46
Q1: 1.32
Min: 0.17

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Hewlett Packard Enterprise (HPE) at 0.76 and Nokia (NOK) at 0.16 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

HPE

Technology Hardware & Equipment industry group

0.76

Max: 1.76
Q3: 0.78
HPE: 0.76
Median: 0.24
Q1: 0.04
Min: 0.01

NOK

Technology Hardware & Equipment industry group

0.16

Max: 1.76
Q3: 0.78
Median: 0.24
NOK: 0.16
Q1: 0.04
Min: 0.01

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
Current Ratio (MRQ)	1.11	1.46
Debt / Equity (MRQ)	0.76	0.16
Net Debt / EBITDA	2.05	-0.59

Dividends

Dividend Yield (TTM)

Both Hewlett Packard Enterprise (HPE) at 1.26% and Nokia (NOK) at 1.88% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

HPE

Technology Hardware & Equipment industry group

1.26%

HPE: 1.26%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOK

Technology Hardware & Equipment industry group

1.88%

NOK: 1.88%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Nokia (NOK) reports payout ratio above 100% at 100.17%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Hewlett Packard Enterprise (HPE) reports 28.74%, ranking against industry peers normally.

HPE

Technology Hardware & Equipment industry group

28.74%

Max: 32.27%
HPE: 28.74%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NOK

Technology Hardware & Equipment industry group

100.17%

NOK: 100.17%
Max: 32.27%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
Dividend Yield (TTM)	1.26%	1.88%
Dividend Payout Ratio (TTM)	28.74%	100.17%

Valuation

P/E Ratio (TTM)

Hewlett Packard Enterprise (HPE) at 23.08 is near its industry’s usual P/E ratio, while Nokia (NOK) at 47.88 sits in the richer quartile — NOK needs stronger growth or earnings quality to justify the premium.

HPE

Technology Hardware & Equipment industry group

23.08

Max: 69.48
Q3: 41.02
Median: 26.39
HPE: 23.08
Q1: 19.36
Min: 6.07

NOK

Technology Hardware & Equipment industry group

47.88

Max: 69.48
NOK: 47.88
Q3: 41.02
Median: 26.39
Q1: 19.36
Min: 6.07

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Hewlett Packard Enterprise (HPE) at 1.42 and Nokia (NOK) at 2.08 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

HPE

Technology Hardware & Equipment industry group

1.42

Max: 11.30
Q3: 5.82
Median: 2.56
HPE: 1.42
Q1: 1.05
Min: 0.00

NOK

Technology Hardware & Equipment industry group

2.08

Max: 11.30
Q3: 5.82
Median: 2.56
NOK: 2.08
Q1: 1.05
Min: 0.00

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Hewlett Packard Enterprise (HPE) at 2.24 and Nokia (NOK) at 1.82 are valued close to their industries’ norm against book — neither stands out from peers.

HPE

Technology Hardware & Equipment industry group

2.24

Max: 10.75
Q3: 5.52
Median: 3.17
HPE: 2.24
Q1: 1.79
Min: 0.33

NOK

Technology Hardware & Equipment industry group

1.82

Max: 10.75
Q3: 5.52
Median: 3.17
NOK: 1.82
Q1: 1.79
Min: 0.33

Hewlett Packard Enterprise (HPE) vs. Nokia (NOK): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Hewlett Packard Enterprise (HPE) and Nokia (NOK)
Metric	HPE	NOK
P/E Ratio (TTM)	23.08	47.88
P/S Ratio (TTM)	1.42	2.08
P/B Ratio (MRQ)	2.24	1.82
Free Cash Flow Yield (TTM)	7.97%	2.98%