NOK vs. TEL: Nokia vs. TE Connectivity Stock Comparison

November 11, 2026

How do Nokia (NOK) and TE Connectivity (TEL) 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

Nokia (NOK) and TE Connectivity (TEL) both fall under the Technology Hardware & Equipment industry group, but NOK is classified in Communications Equipment while TEL is classified in Electronic Equipment, Instruments & Components.

TE Connectivity (TEL) 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 Nokia (NOK) and TE Connectivity (TEL)
Profile Item	NOK	TEL
Name	Nokia Corporation Sponsored ADR	TE Connectivity plc
Country/Region	Finland	Ireland
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Communications Equipment	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Communications Equipment	Electronic Manufacturing Services
Market Capitalization	43.35 billion USD	59.52 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	July 1, 1994	June 14, 2007
Security Type	ADR	Common Stock

Price Performance

Cumulative Growth

NOK

TEL

GSPC

Nokia (NOK) vs. TE Connectivity (TEL), 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

Loading price history…

Trailing total returns for Nokia (NOK) and TE Connectivity (TEL). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…

Calendar-year total returns for Nokia (NOK) and TE Connectivity (TEL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
Total Return (1Y)	19.81%	-8.84%
Total Return (3Y, Annualized)	36.27%	22.58%
Total Return (5Y, Annualized)	9.52%	7.96%

Risk Profile

Drawdown History

NOK

TEL

GSPC

Nokia (NOK) vs. TE Connectivity (TEL), 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

Loading price history…

Distribution of monthly total returns for Nokia (NOK) and TE Connectivity (TEL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
Volatility (1Y, Annualized)	62.40%	36.95%
Beta (5Y)	1.24	1.14
Max Drawdown (5Y)	-55.73%	-34.26%
Avg. Volume (3M)	77.91M	1.95M

Risk-Adjusted Performance

Risk-Return Positioning

NOK and TEL 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 Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
Sharpe Ratio (1Y)	0.25	-0.36
Sortino Ratio (1Y)	0.35	-0.47

Profitability

ROE (TTM)

TE Connectivity (TEL) at 24.61% sits in the top ROE quartile, while Nokia (NOK) at 3.88% is closer to the peer norm — stronger capital efficiency for TEL.

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%

TEL

Technology Hardware & Equipment industry group

24.61%

Max: 42.47%
TEL: 24.61%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

TE Connectivity (TEL) at 16.36% retains a top-quartile share of revenue as profit, ahead of Nokia (NOK) at 3.75%, which keeps about the industry-typical share.

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%

TEL

Technology Hardware & Equipment industry group

16.36%

Max: 27.60%
TEL: 16.36%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

Operating Margin (TTM)

TE Connectivity (TEL) at 21.07% operates in the top operating margin quartile, ahead of Nokia (NOK) at 10.81%, which runs around its industry’s norm.

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%

TEL

Technology Hardware & Equipment industry group

21.07%

Max: 36.27%
TEL: 21.07%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
ROE (TTM)	3.88%	24.61%
ROA (TTM)	3.49%	10.00%
Net Margin (TTM)	3.75%	16.36%
Operating Margin (TTM)	10.81%	21.07%
Gross Margin (TTM)	45.43%	36.24%

Growth

Revenue Growth

Both Nokia (NOK) at 3.48% and TE Connectivity (TEL) at 8.94% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Nokia (NOK) at -47.83% and TE Connectivity (TEL) at -40.37% post bottom-quartile EPS growth versus peers, pointing to weaker earnings momentum than typical rivals.

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
Revenue Growth (YoY)	3.48%	8.94%
Revenue Growth (3Y CAGR)	-5.76%	1.97%
EPS Growth (YoY)	-47.83%	-40.37%
EPS Growth (3Y CAGR)	-45.71%	-6.23%

Financial Strength

Current Ratio (MRQ)

Both Nokia (NOK) at 1.46 and TE Connectivity (TEL) at 1.73 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

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

TEL

Technology Hardware & Equipment industry group

1.73

Max: 5.34
Q3: 3.02
Median: 1.95
TEL: 1.73
Q1: 1.32
Min: 0.17

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

Both Nokia (NOK) at 0.16 and TE Connectivity (TEL) at 0.41 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

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

TEL

Technology Hardware & Equipment industry group

0.41

Max: 1.76
Q3: 0.78
TEL: 0.41
Median: 0.24
Q1: 0.04
Min: 0.01

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
Current Ratio (MRQ)	1.46	1.73
Debt / Equity (MRQ)	0.16	0.41
Net Debt / EBITDA	-0.59	0.76

Dividends

Dividend Yield (TTM)

Both Nokia (NOK) at 1.88% and TE Connectivity (TEL) at 1.44% yield above their industries’ entire benchmark ranges — high enough that dividend safety, not income, becomes the first question.

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%

TEL

Technology Hardware & Equipment industry group

1.44%

TEL: 1.44%
Max: 0.73%
Q3: 0.31%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Nokia (NOK) vs. TE Connectivity (TEL): 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 TE Connectivity (TEL) reports 28.50%, ranking against industry peers normally.

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%

TEL

Technology Hardware & Equipment industry group

28.50%

Max: 32.27%
TEL: 28.50%
Q3: 14.48%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
Dividend Yield (TTM)	1.88%	1.44%
Dividend Payout Ratio (TTM)	100.17%	28.50%

Valuation

P/E Ratio (TTM)

TE Connectivity (TEL) at 18.70 sits in the cheaper P/E ratio quartile, while Nokia (NOK) at 47.88 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

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

TEL

Technology Hardware & Equipment industry group

18.70

Max: 69.48
Q3: 41.02
Median: 26.39
Q1: 19.36
TEL: 18.70
Min: 6.07

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both Nokia (NOK) at 2.08 and TE Connectivity (TEL) at 2.99 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

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

TEL

Technology Hardware & Equipment industry group

2.99

Max: 11.30
Q3: 5.82
TEL: 2.99
Median: 2.56
Q1: 1.05
Min: 0.00

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Nokia (NOK) at 1.82 and TE Connectivity (TEL) at 4.38 are valued close to their industries’ norm against book — neither stands out from peers.

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

TEL

Technology Hardware & Equipment industry group

4.38

Max: 10.75
Q3: 5.52
TEL: 4.38
Median: 3.17
Q1: 1.79
Min: 0.33

Nokia (NOK) vs. TE Connectivity (TEL): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Nokia (NOK) and TE Connectivity (TEL)
Metric	NOK	TEL
P/E Ratio (TTM)	47.88	18.70
P/S Ratio (TTM)	2.08	2.99
P/B Ratio (MRQ)	1.82	4.38
Free Cash Flow Yield (TTM)	2.98%	4.09%