Nokia Corporation (NOK)
Nokia Corporation Altman Z-Score: 1.792
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NOK Altman Z-Score Rankings
| Overall | 36th percentile | 2269 of 3554 |
| Sector | 30th percentile | 528 of 757 in Technology |
| Industry | 35th percentile | 38 of 59 in Communication Equipment |
NOK Altman Z-Score Range, Past 5 Years
| Minimum | 1.792 | May 30 2012 |
| Maximum | 5.875 | Sep 2007 |
| Average | 3.363 |
About Altman Z-Score
CAUTION: The Altman Z-Score is meant to be applied only to manufacturing firms that are near bankruptcy. It was not based on a sample including non-manufacturing firms (service firms, banks, etc.). Use it at your own risk with those companies, but beware that bankruptcy probabilities may be misstated.
The Altman Z-Score helps investors to gauge the probability of a company going bankrupt. Generally, firms with a score above 3.00 have a low probability of bankruptcy, and those with a Z-Score of less than 1.81 have a relatively high probability of bankruptcy.
Note that this is a probabilistic model, so it will not classify perfectly.
The score was first published in a 1968 paper by Edward Altman titled "Financial Ratios, Discriminant Analysis and the Prediction of Corporate Bankruptcy."
Altman re-tested the model in a 2000 paper titled "Predicting financial distress of companies: Revisiting the Z-score and Zeta models". The paper showed that the model still had utility for looking at manufacturers, though the number of misclassifications did increase over time.
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| NOK | 2.69 | -0.26 | -8.81% | 11.05B |
| NOIZ | 7.41 | -0.49 | -6.20% | 36.10M |
| NOG | 17.78 | -0.63 | -3.42% | 1.169B |
| NOC | 58.84 | -0.14 | -0.24% | 14.92B |
| NOAH | 5.00 | -0.18 | -3.47% | 289.67M |
| NNY | 10.06 | -0.07 | -0.69% | |
| NNN | 26.48 | -0.47 | -1.74% | 2.851B |
| NNI | 23.07 | +0.05 | +0.22% | 1.085B |
| NNBR | 7.67 | -0.40 | -4.96% | 136.79M |
| NJR | 41.83 | -0.79 | -1.85% | 1.768B |