FABRINET vs Nokia Corporation, two Communication Equipment stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
What is priced in: Fabrinet at 45.2 times earnings assumes the optical-manufacturing wave it rides keeps building; Nokia at 99.7 times assumes a margin structure now earning 4.5% operating gets rebuilt into something several times better. Neither price rests on the trailing numbers, but Fabrinet's at least point the right direction, a 9.9% net margin and 12% return on assets against Nokia's 3.3% and 1.8%. Both are debt-free. Fabrinet's 11.9% gross margin is contract assembly with no pretensions; Nokia's 43.5% shows what the equipment could earn if the operating line cooperated. One multiple buys momentum, the other buys a promise of repair, and the promise costs twice as much.
Comparison updated 2026-07-10.
| Metric | FN | NOK |
|---|---|---|
| Price | $525.20 | $13.00 |
| Market cap | $19.1B | $70.4B |
| Sector | Communication Equipment | Communication Equipment |
| Stage | Growth | Mature |
| P/E | 45.2 | 99.7 |
| P/B | 8.27 | 3.08 |
| P/S | 4.50 | 3.26 |
| EV/EBITDA | 43.3 | 29.6 |
| Revenue growth | +29.4% | -2.4% |
| Gross margin | 11.9% | 43.5% |
| Operating margin | 9.9% | 4.5% |
| Net margin | 9.9% | 3.3% |
| Return on equity | 18.3% | 3.1% |
| Return on assets | 12.0% | 1.8% |
| Return on invested capital | 16.9% | 2.9% |
| FCF yield | 0.2% | 3.2% |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.55 | 1.58 |
| Altman Z (solvency) | 8.90 | 3.21 |
| Piotroski F (quality) | 5 / 9 | 5 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.