Nokia Oyj (EPA:NOKIA)

Nokia Oyj Ratios and Metrics

Market cap in millions EUR. Fiscal year is January - December.

Total Valuation

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	31,170	23,017	16,899	24,175	31,473	17,737
Market Cap Growth	37.35%	36.20%	-30.10%	-23.19%	77.45%	-4.20%
Enterprise Value	29,661	18,970	15,854	20,437	28,026	16,633
Last Close Price	5.55	4.13	2.86	3.93	4.97	2.81

Price Ratios

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
PE Ratio	33.55	18.02	25.41	5.69	19.39	-
PS Ratio	1.58	1.20	0.80	1.02	1.42	0.81
PB Ratio	1.58	1.11	0.82	1.13	1.80	1.41
P/TBV Ratio	2.58	1.63	1.21	1.68	3.05	3.26
P/FCF Ratio	24.20	11.39	25.41	27.69	15.24	13.86
P/OCF Ratio	16.37	9.23	12.83	16.40	11.99	10.08

EV Ratios

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
EV/Sales Ratio	1.50	0.99	0.75	0.86	1.26	0.76
EV/EBITDA Ratio	10.79	6.39	5.53	5.32	10.47	8.64
EV/EBIT Ratio	17.76	8.71	7.95	7.56	15.61	16.37
EV/FCF Ratio	23.03	9.39	23.84	23.41	13.57	12.99

Financial Efficiency

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Debt / Equity Ratio	0.21	0.23	0.25	0.26	0.32	0.52
Debt / EBITDA Ratio	1.49	1.49	1.69	1.46	1.96	3.02
Debt / FCF Ratio	3.16	2.36	7.84	6.44	2.74	5.07
Asset Turnover	0.53	0.49	0.51	0.57	0.58	0.58
Inventory Turnover	4.41	4.18	4.16	4.80	5.77	5.28
Quick Ratio	1.19	1.34	1.37	1.27	1.39	1.34
Current Ratio	1.48	1.58	1.66	1.59	1.62	1.55
Return on Equity (ROE)	4.23%	8.27%	3.09%	21.61%	11.02%	-17.98%
Return on Assets (ROA)	2.79%	3.44%	3.01%	4.07%	2.94%	1.69%
Return on Invested Capital (ROIC)	4.23%	5.30%	4.71%	6.74%	5.32%	3.20%
Return on Capital Employed (ROCE)	6.30%	7.80%	6.90%	9.00%	6.40%	4.20%

Yields

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 29, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Earnings Yield	2.98%	5.55%	3.94%	17.58%	5.16%	-14.22%
FCF Yield	4.13%	8.78%	3.94%	3.61%	6.56%	7.22%
Dividend Yield	2.51%	3.39%	4.54%	3.06%	1.61%	-
Payout Ratio	81.05%	55.91%	91.88%	7.91%	0.56%	-
Buyback Yield / Dilution	0.03%	-0.05%	2.07%	0.31%	-1.28%	0.25%
Total Shareholder Return	2.54%	3.34%	6.61%	3.36%	0.33%	0.25%

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Dec 29, 2025

Data Sources Report a data error