Nokia Oyj Ratios and Metrics

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 29, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Market Capitalization	52,780	31,170	23,017	16,899	24,175	31,473
Market Cap Growth	135.76%	35.42%	36.20%	-30.10%	-23.19%	77.45%
Enterprise Value	50,367	29,661	18,970	15,854	20,437	28,026
Last Close Price	9.41	5.52	4.10	2.82	3.88	4.93
PE Ratio	67.98	47.88	18.02	25.41	5.69	19.39
Forward PE	27.76	18.00	13.00	8.82	9.89	17.54
PS Ratio	2.64	1.57	1.20	0.80	1.02	1.42
PB Ratio	2.48	1.48	1.11	0.82	1.13	1.80
P/TBV Ratio	3.85	2.30	1.63	1.21	1.68	3.05
P/FCF Ratio	38.44	21.28	11.39	25.41	27.69	15.24
P/OCF Ratio	26.87	15.05	9.23	12.83	16.40	11.99
PEG Ratio	1.71	-	3.11	-	0.97	1.77
EV/Sales Ratio	2.52	1.49	0.99	0.75	0.86	1.26
EV/EBITDA Ratio	18.18	12.16	6.14	5.49	5.32	10.47
EV/EBIT Ratio	29.52	19.31	8.25	7.87	7.56	15.61
EV/FCF Ratio	36.68	20.25	9.39	23.84	23.41	13.57
Debt / Equity Ratio	0.16	0.21	0.23	0.25	0.26	0.32
Debt / EBITDA Ratio	1.21	1.66	1.44	1.68	1.46	1.96
Debt / FCF Ratio	2.42	3.01	2.36	7.84	6.44	2.74
Net Debt / Equity Ratio	-0.12	-0.10	-0.17	-0.13	-0.14	-0.21
Net Debt / EBITDA Ratio	-0.99	-0.83	-1.15	-0.90	-0.76	-1.35
Net Debt / FCF Ratio	-1.82	-1.38	-1.76	-3.92	-3.35	-1.75
Asset Turnover	0.52	0.52	0.49	0.51	0.57	0.58
Inventory Turnover	4.41	5.04	4.17	4.16	4.80	5.77
Quick Ratio	1.29	1.31	1.32	1.37	1.27	1.39
Current Ratio	1.57	1.58	1.58	1.66	1.59	1.62
Return on Equity (ROE)	3.72%	3.05%	8.27%	3.09%	21.61%	11.02%
Return on Assets (ROA)	2.76%	2.50%	3.64%	3.04%	4.07%	2.94%
Return on Invested Capital (ROIC)	6.19%	5.91%	10.69%	4.88%	16.72%	12.43%
Return on Capital Employed (ROCE)	6.10%	5.60%	8.30%	7.00%	9.00%	6.40%
Earnings Yield	1.51%	2.09%	5.55%	3.94%	17.58%	5.16%
FCF Yield	2.60%	4.70%	8.78%	3.94%	3.61%	6.56%
Dividend Yield	1.49%	2.54%	3.42%	4.61%	3.09%	1.62%
Payout Ratio	95.48%	115.67%	55.91%	91.88%	7.91%	0.56%
Buyback Yield / Dilution	-1.90%	0.50%	0.99%	1.43%	0.31%	-1.28%
Total Shareholder Return	-0.39%	3.04%	4.41%	6.04%	3.40%	0.34%

Updated Mar 31, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.