Best Finnish Stocks: November 2026
Momentum 91: near its 52-week high and outperforming the market over 6 months. Quality 86: ROIC in the top 5% of its sector and high return on equity. Value 36: far above book value.
As of 3 Nov 2026, Orion Oyj (ORNAV.HE) ranks first on MoatMap's November 2026 list of Finnish stocks, with a MoatMap Score of 98/100, among stocks above its $250M market-cap floor. A research ranking, not investment advice.
November 2026 edition · data as of ·9 new, 9 out, biggest climb ALMA.HE since October·Next edition forms ·How we score stocks·How past rankings did·All Finland stocks, refreshed daily
Top 25 Finnish Stocks by MoatMap Score
- New in November 2026: Neste Oyj NESTE.HE, Enento Group Oyj ENENTO.HE, Framery Group Oyj FRAMERY.HE, KONE Oyj KNEBV.HE, Lindex Group Oyj LINDEX.HE, Sanoma Oyj SANOMA.HE, Anora Group Oyj ANORA.HE, Lassila & Tikanoja Plc LASTIK.HE, Qt Group Oyj QTCOM.HE
- Dropped out: Aspo Oyj ASPO.HE, Terveystalo Oyj TTALO.HE, Hiab Oyj HIAB.HE, Atria Oyj ATRAV.HE, F-Secure Oyj FSECURE.HE, Pihlajalinna Oyj PIHLIS.HE, Evli Oyj EVLI.HE, Kemira Oyj KEMIRA.HE, Harvia Oyj HARVIA.HE
- Biggest climbs: Alma Media Oyj ALMA.HE #18 to #10, Posti Group Oyj POSTI.HE #10 to #4, Citycon Oyj CTY1S.HE #21 to #16
- Biggest falls: Konecranes Plc KCR.HE #4 to #17, Puuilo Oyj PUUILO.HE #11 to #18, Scanfil Oyj SCANFL.HE #16 to #22
What changed since October: 9 new, 9 out
- New in November 2026: Neste Oyj NESTE.HE, Enento Group Oyj ENENTO.HE, Framery Group Oyj FRAMERY.HE, KONE Oyj KNEBV.HE, Lindex Group Oyj LINDEX.HE, Sanoma Oyj SANOMA.HE, Anora Group Oyj ANORA.HE, Lassila & Tikanoja Plc LASTIK.HE, Qt Group Oyj QTCOM.HE
- Dropped out: Aspo Oyj ASPO.HE, Terveystalo Oyj TTALO.HE, Hiab Oyj HIAB.HE, Atria Oyj ATRAV.HE, F-Secure Oyj FSECURE.HE, Pihlajalinna Oyj PIHLIS.HE, Evli Oyj EVLI.HE, Kemira Oyj KEMIRA.HE, Harvia Oyj HARVIA.HE
- Biggest climbs: Alma Media Oyj ALMA.HE #18 to #10, Posti Group Oyj POSTI.HE #10 to #4, Citycon Oyj CTY1S.HE #21 to #16
- Biggest falls: Konecranes Plc KCR.HE #4 to #17, Puuilo Oyj PUUILO.HE #11 to #18, Scanfil Oyj SCANFL.HE #16 to #22
| # | Stock | Yield | P/E | Score | Q | V | M | Style · Activity | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Yield 1.8% | P/E 21.3 | 98 Score | 86 Q | 36 V | 91 M | Premium Grower | ||
| 2 | Quality 81: strong free cash flow and ROIC in the top 10% of its sector. Momentum 66: quarterly earnings growing and estimates revised up. Value 55: cheap on P/E but little or no yield. | Yield 0.7% | P/E 8.9 | 95 Score | 81 Q | 55 V | 66 M | Full House | |
| 3 | Momentum 69: above its moving averages and outperforming the market over 6 months. Quality 66: high gross profitability and strong free cash flow. Value 63: cheap on sales and cheap on free cash flow. | Yield 2.2% | P/E 14.9 | 93 Score | 66 Q | 63 V | 69 M | Full House | |
| 4 | Momentum 84: above its moving averages and outperforming the market over 6 months. Value 66: a high yield and cheap on sales. Quality 47: high gross profitability but a tight balance sheet. | Yield 6.8% | P/E 14.8 | 93 Score | 47 Q | 66 V | 84 M | Second WindBuyback | |
| 5 | Momentum 78: near its 52-week high and estimates revised up. Quality 77: strong free cash flow and high gross profitability. Value 41: far above book value. | Yield 1.3% | P/E 31.2 | 93 Score | 77 Q | 41 V | 78 M | Premium Grower | |
| 6 | Value 90: cheap on EV/EBITDA and cheap on free cash flow. Momentum 53: outperforming the market over 6 months but EPS deteriorating. Quality 51: strong free cash flow but high debt. | Yield 2.2% | P/E 6.2 | 91 Score | 51 Q | 90 V | 53 M | Full House | |
| 7 | Momentum 74: above its moving averages and estimates revised up. Quality 71: ROIC in the top 5% of its sector and high gross profitability. Value 47: expensive on free cash flow. | Yield 2.2% | P/E 15.0 | 91 Score | 71 Q | 47 V | 74 M | Premium GrowerBuyback | |
| 8 | Momentum 76: near its 52-week high and outperforming the market over 6 months. Value 59: a high yield. Quality 56: F-Score 7/9 but a tight balance sheet. | Yield 4.6% | P/E 18.7 | 90 Score | 56 Q | 59 V | 76 M | Full House | |
| 9 | Value 80: cheap on P/E and a high yield. Quality 57: high return on equity but a tight balance sheet. Momentum 53: near its 52-week high but EPS deteriorating. | Yield 4.7% | P/E 9.5 | 90 Score | 57 Q | 80 V | 53 M | Full HouseBuyback | |
| 10 | Momentum 76: estimates revised up and near its 52-week high. Quality 73: F-Score 8/9 and wide operating margins. Value 38: far above book value. | Yield 3.5% | P/E 17.3 | 88 Score | 73 Q | 38 V | 76 M | Premium GrowerBuyback | |
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| 11 | Value 75: cheap on P/E and cheap on EV/EBITDA. Quality 72: strong free cash flow and ROIC in the top 15% of its sector. Momentum 39: EPS deteriorating. | Yield 5.0% | P/E 8.5 | 87 Score | 72 Q | 75 V | 39 M | Unloved Quality | |
| 12 | Momentum 77: near its 52-week high and estimates revised up. Quality 54: wide operating margins. Value 54: a high yield. | Yield 9.5% | P/E 25.5 | 87 Score | 54 Q | 54 V | 77 M | Full HouseDir. buyBuyback | |
| 13 | Quality 76: strong free cash flow and high return on equity. Momentum 67: quarterly earnings growing and estimates revised up. Value 41: far above book value. | Yield 3.6% | P/E 15.7 | 86 Score | 76 Q | 41 V | 67 M | Premium GrowerBuyback | |
| 14 | Quality 82: high gross profitability and ROIC in the top 5% of its sector. Momentum 69: estimates revised up and near its 52-week high. Value 32: far above book value. | Yield 3.3% | P/E 29.1 | 85 Score | 82 Q | 32 V | 69 M | Premium GrowerDir. buy | |
| 15 | Value 69: cheap on free cash flow and cheap on P/E. Momentum 63: quarterly earnings growing and outperforming the market over 6 months. Quality 51: strong free cash flow but high debt. | Yield — | P/E 10.3 | 85 Score | 51 Q | 69 V | 63 M | Full House | |
| 16 | Value 71: a high yield and below book value. Momentum 56: outperforming the market over 6 months but quarterly earnings shrinking. Quality 54: a liquid balance sheet. | Yield 36.7% | P/E 13.0 | 83 Score | 54 Q | 71 V | 56 M | Full House | |
| 17 | Quality 78: F-Score 9/9 and high gross profitability. Momentum 53: near its 52-week high but estimates cut. Value 49: mixed. | Yield 2.7% | P/E 16.3 | 83 Score | 78 Q | 49 V | 53 M | Premium GrowerDir. buy | |
| 18 | Quality 79: high return on equity and strong free cash flow. Momentum 76: near its 52-week high and outperforming the market over 6 months. Value 25: far above book value. | Yield 2.9% | P/E 24.3 | 82 Score | 79 Q | 25 V | 76 M | Premium GrowerDir. buy | |
| 19 | Momentum 62: near its 52-week high. Value 61: a high yield and below book value. Quality 52: high gross profitability but a tight balance sheet. | Yield 5.3% | P/E 31.2 | 79 Score | 52 Q | 61 V | 62 M | Full HouseDir. buy | |
| 20 | Quality 65: high gross profitability and F-Score 7/9. Value 60: cheap on sales and cheap on P/E. Momentum 50: near its 52-week high but estimates cut. | Yield — | P/E 14.6 | 79 Score | 65 Q | 60 V | 50 M | Full HouseDir. buyBuyback | |
| 21 | Quality 61: wide operating margins and high gross profitability. Momentum 58: quarterly earnings growing but estimates cut. Value 55: a high yield. | Yield 4.8% | P/E 16.0 | 78 Score | 61 Q | 55 V | 58 M | Full House | |
| 22 | Momentum 67: estimates revised up and near its 52-week high. Quality 60: high gross profitability and ROIC in the top 20% of its sector. Value 44: expensive on free cash flow. | Yield 2.0% | P/E 17.4 | 76 Score | 60 Q | 44 V | 67 M | Premium Grower | |
| 23 | Momentum 83: EPS improving and near its 52-week high. Value 56: a high yield but expensive on P/E. Quality 31: thin interest cover. | Yield 5.7% | P/E 83.7 | 74 Score | 31 Q | 56 V | 83 M | Second WindDir. buy | |
| 24 | Value 75: a high yield and cheap on free cash flow. Quality 49: strong free cash flow but a tight balance sheet. Momentum 45: estimates cut. | Yield 6.7% | P/E 14.3 | 74 Score | 49 Q | 75 V | 45 M | Bargain BinDir. buy | |
| 25 | Momentum 80: estimates revised up and outperforming the market over 6 months. Quality 49: strong free cash flow but a weak F-Score 4/9. Value 40: the weak leg. | Yield — | P/E 38.4 | 74 Score | 49 Q | 40 V | 80 M | Hot Air | |
Ranked by MoatMap Score (Quality + Value + Momentum composite) at a minimum market cap of $250M. Yield and P/E are as of the data date; click a ticker for today’s price and score. A new edition is generated on the first scoring run of each month.
Director buying reported in the 90 days to : Enento Group Oyj ENENTO.HE, KONE Oyj KNEBV.HE, Konecranes Plc KCR.HE, Puuilo Oyj PUUILO.HE, Viking Line Abp VIK1V.HE, Incap Oyj ICP1V.HE and 2 more
Active share buybacks in the 180 days to : Posti Group Oyj POSTI.HE, GRK Infra Oyj GRK.HE, Tieto Oyj TIETO.HE, Alma Media Oyj ALMA.HE, Enento Group Oyj ENENTO.HE, Framery Group Oyj FRAMERY.HE and 1 more
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How Finland scores
Where the top 25 come from, and how the whole Finnish market sits against the global universe. The MoatMap Score is a global percentile, so the universe splits evenly into five bands by construction; a market with more of its stocks in the upper bands is scoring well as a whole.
Top 25 by sector
- Industrials11
- Technology4
- Consumer Cyclical3
- Consumer Defensive3
- Communication Services1
- Energy1
- Other2
Share of Finnish stocks by MoatMap Score band
- 0-198% / 20%
- 20-3915% / 20%
- 40-5924% / 20%
- 60-7926% / 20%
- 80-10027% / 20%
Finlandall markets
After Nokia: Forests, Machines and the Retail Bid
Finland is the only Nordic country in the euro, a market built on forests, machines and telecoms that has spent twenty years diversifying away from the company that once was half of it. Helsinki lists the world's largest elevator maker, its largest pulp and paper groups, cranes, mining equipment, ship engines and a retail investor base that owns more of its own market than almost any other in Europe. The list below is where Quality, Value and Momentum agree.
MoatMap scored 144 Finnish stocks on 2026-11-03; 77 cleared the $250M market-cap floor this list applies. The market's average MoatMap Score is 60. Industrials is the most represented sector in the top 10 (5 names).
Nokia was once close to seventy percent of the Helsinki exchange, and the twenty years since its decline have turned Finland into an unusually balanced market. The largest names today are industrial: Kone in elevators, Wartsila in ship engines and power plants, Metso in mining equipment, Konecranes and Cargotec in lifting, Valmet in pulp machinery. Beside them sit the forest groups, UPM, Stora Enso and Metsa Board, whose scores swing with pulp and paper prices; Neste, which turned an oil refiner into the world's largest renewable-diesel producer; Nordea, the largest Nordic bank, which moved its headquarters to Helsinki; and a bench of consumer, software and healthcare mid caps. The Quality pillar tends to find the machinery companies, which earn steady returns through service contracts; the Value pillar tends to find the forest groups near the bottom of their cycle.
Finland has a distinctive shareholder base. Households own a larger share of the domestic market than in most of Europe, through a savings culture and a listed-company tradition that goes back to the state's industrial holdings, and the state itself still holds stakes in Neste, Fortum, Finnair and others through its ownership arm. Retail participation makes the mid caps better followed than their size would suggest, and it also means Finnish companies pay out generously: the market's dividend culture is one of the strongest in Europe, which shows up in the shareholder-yield component of Value.
Disclosure follows the EU Market Abuse Regulation and MoatMap reads the Helsinki filings through the Nordic feed. Persons discharging managerial responsibilities must report trades within three business days, and the notifications carry the person, the role, the instrument, the volume and the price; buybacks file as aggregated daily or weekly reports. The director-buying and buyback callouts below the table draw on the Helsinki rows. A few Swedish companies keep a Helsinki line (SSAB, Telia, Ericsson), and Tallink, the Estonian ferry operator, lists here as its home market; they appear on this page where they clear the screen.
Access is straightforward: Nasdaq Helsinki is available through most international brokers, settlement is in euros, and a euro-based investor carries no currency risk at all, which is the practical difference between Finland and its Nordic neighbours. Finland withholds 35% on dividends paid to non-residents by default, reduced to the treaty rate (usually 15%) when the broker registers the holder correctly, so it is worth confirming that your custodian applies the treaty at source rather than leaving you to reclaim.
Frequently Asked Questions
- What are the top-ranked Finnish stocks right now?
- The table above ranks the top 25 Nasdaq Helsinki stocks by MoatMap Score, a composite of Quality (returns on capital, cash conversion, balance sheet), Value (six price ratios, from P/E to dividend yield) and Momentum (price trend and earnings revisions). It refreshes monthly with a stated data date, and each ticker links to a full score breakdown.
- Is Finland still a Nokia market?
- No. Nokia was once close to seventy percent of the exchange; today the largest names are industrial (Kone, Wartsila, Metso), forest products (UPM, Stora Enso), Neste in renewable fuels and Nordea in banking, and the market is unusually balanced for its size.
- Does MoatMap track Finnish insider trades and buybacks?
- Yes, through the Nordic feed, which reads the MAR Article 19 notifications (person, role, instrument, volume and price, within three business days) and the aggregated buyback reports for Helsinki alongside Stockholm, Copenhagen and Iceland. The callouts on this page use the Helsinki rows.
- Why do Finnish stocks pay such high dividends?
- A strong household shareholder base and a listed-company tradition rooted in the state's old industrial holdings have made Finland one of the highest-payout markets in Europe. That shows up in the shareholder-yield component of the Value score, so read a high Finnish Value rank with the payout ratio in mind.
- How can foreigners buy Finnish stocks?
- Nasdaq Helsinki is available through most international brokers and settlement is in euros, so a euro investor carries no currency risk. Finland withholds 35% on dividends to non-residents by default, reduced to the treaty rate when the custodian registers the holder correctly, so confirm that yours applies the treaty at source.
- How often does this Finland ranking refresh?
- A new edition forms on the first scoring run of each calendar month and the page states its data-as-of date. Underlying scores recompute nightly; for the daily view, use the ranked list filtered to Finland.