Nokia Oyj: A 35% Rally in 2025, But is it Undervalued?

Nokia Oyj shares have rallied 35% YTD despite a modest dip last week. The company has secured new 5G and private network deals and expanded partnerships with global telecom providers. However, valuation checks suggest the stock is overvalued by 182.4% based on discounted cash flow analysis, and it scores only 2 out of 6 on valuation checks. Investors should consider multiple valuation approaches before making a decision.