Based on the provided data and context, here's my analysis of whether NOK is overvalued:
Nokia is currently trading at a reasonable valuation considering its strategic positioning in 5G and AI-RAN development. The company has recently secured significant partnerships with major telecom operators like KDDI, SoftBank, and T-Mobile US for AI-powered Radio Access Networks development, demonstrating strong future growth potential.
The recent data center infrastructure modernization deal with Malaysia's Maxis [2, 3] shows Nokia's continued expansion in the growing Southeast Asian market, though financial terms weren't disclosed.
Nokia's stock appears undervalued when considering its strategic initiatives in AI-RAN technology and the establishment of a new AI-RAN Center in Dallas, which positions the company well for future telecommunications infrastructure evolution.
The company's focus on high-margin enterprise solutions and network modernization projects suggests potential for improved profitability, making the current valuation levels attractive for long-term investors.