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 2, 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	41,191	31,170	23,017	16,899	24,175	31,473
Market Cap Growth	52.18%	35.42%	36.20%	-30.10%	-23.19%	77.45%
Enterprise Value	39,253	29,661	18,970	15,854	20,437	28,026
Last Close Price	7.35	5.54	4.12	2.83	3.89	4.95
PE Ratio	66.82	47.88	18.02	25.41	5.69	19.39
Forward PE	23.72	18.00	13.00	8.82	9.89	17.54
PS Ratio	2.07	1.57	1.20	0.80	1.02	1.42
PB Ratio	1.96	1.48	1.11	0.82	1.13	1.80
P/TBV Ratio	3.03	2.30	1.63	1.21	1.68	3.05
P/FCF Ratio	28.12	21.28	11.39	25.41	27.69	15.24
P/OCF Ratio	19.89	15.05	9.23	12.83	16.40	11.99
PEG Ratio	1.69	-	3.11	-	0.97	1.77
EV/Sales Ratio	1.97	1.49	0.99	0.75	0.86	1.26
EV/EBITDA Ratio	14.68	12.16	6.14	5.49	5.32	10.47
EV/EBIT Ratio	25.24	19.31	8.25	7.87	7.56	15.61
EV/FCF Ratio	26.79	20.25	9.39	23.84	23.41	13.57
Debt / Equity Ratio	0.21	0.21	0.23	0.25	0.26	0.32
Debt / EBITDA Ratio	1.66	1.66	1.44	1.68	1.46	1.96
Debt / FCF Ratio	3.01	3.01	2.36	7.84	6.44	2.74
Net Debt / Equity Ratio	-0.10	-0.10	-0.17	-0.13	-0.14	-0.21
Net Debt / EBITDA Ratio	-0.83	-0.83	-1.15	-0.90	-0.76	-1.35
Net Debt / FCF Ratio	-1.38	-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	5.04	5.04	4.17	4.16	4.80	5.77
Quick Ratio	1.31	1.31	1.32	1.37	1.27	1.39
Current Ratio	1.58	1.58	1.58	1.66	1.59	1.62
Return on Equity (ROE)	3.05%	3.05%	8.27%	3.09%	21.61%	11.02%
Return on Assets (ROA)	2.50%	2.50%	3.64%	3.04%	4.07%	2.94%
Return on Invested Capital (ROIC)	5.77%	5.91%	10.69%	4.88%	16.72%	12.43%
Return on Capital Employed (ROCE)	5.60%	5.60%	8.30%	7.00%	9.00%	6.40%
Earnings Yield	1.58%	2.09%	5.55%	3.94%	17.58%	5.16%
FCF Yield	3.56%	4.70%	8.78%	3.94%	3.61%	6.56%
Dividend Yield	1.90%	2.53%	3.40%	4.59%	3.08%	1.62%
Payout Ratio	115.67%	115.67%	55.91%	91.88%	7.91%	0.56%
Buyback Yield / Dilution	0.50%	0.50%	0.99%	1.43%	0.31%	-1.28%
Total Shareholder Return	2.41%	3.03%	4.39%	6.01%	3.39%	0.34%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.