Home Compare HPQ vs NOKIA.HE
Stock Comparison · Structural lead, mixed market

HP vs Nokia Oyj: Which Stock Looks Stronger in 2026?

HP holds the cleaner structural position, with the lead spread across valuation and profitability. Nokia Oyj still has the edge on stability, which keeps the comparison from looking entirely one-sided. In the market, Nokia Oyj carries the stronger setup — intact trend against HP's broken trend. That leaves a split case: the structural lead stays with HP, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

This is not just a one-metric split: both valuation and profitability materially support the lead. HP Inc. leads by 30 points on the overall comparison score.

Trajectory Similarity
0.71
Similar
Peer-set rank: #100
within HP Inc.'s functional peer set

This pair is matched through long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The strongest overlap appears in revenue growth trajectory and investment intensity.

Similarity drivers
revenue growth trajectoryinvestment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
HPQ
HP Inc.
64
Peer-Score
Signal qualityMedium
vs
NOKIA.HE
Nokia Oyj
34
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

The largest gaps do not all point in the same direction.

Dimension spread: HPQ vs NOKIA.HE Profitability 73 38 Stability 41 65 Valuation 88 25 Growth 35 8 HPQ NOKIA.HE
Gap Ranking
#1 Valuation +63
#2 Profitability +35
#3 Growth +27
#4 Stability +24
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for HPQ and NOKIA.HE Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer HPQNOKIA.HE Relative valuation Structural strength

HP Inc. looks stronger both structurally and on relative valuation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
HP Inc. ranks near the top of the group on valuation; Nokia Oyj sits in the weaker half.
Profitability
The same broad pattern appears on profitability: HP Inc. ranks near the top of the group, while Nokia Oyj stays in the weaker half.
Valuation — Dominant Gap
HPQ
88
NOKIA.HE
25
Gap+63in favour of HPQ

The multiple-based pricing edge comes from a forward P/E that is 13.7 turns lower.

What keeps the gap from being one-sided

On the market side, Nokia Oyj carries the stronger trend while HP's trend has broken — the market setup does not confirm the structural advantage.

What this means for the comparison

The lead is built on both valuation and profitability — though stability still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the HPQ vs NOKIA.HE comparison across all dimensions with the full interactive tool.

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Other comparisons with conflicting dimension signals

Explore how HPQ and NOKIA.HE each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.