Nokia Oyj Ratios and Metrics

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 11, 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	34,527	27,192	19,034	14,665	21,443	26,434
Market Cap Growth	64.58%	42.86%	29.79%	-31.61%	-18.88%	66.34%
Enterprise Value	32,854	25,875	15,687	13,758	18,127	23,539
Last Close Price	6.09	4.83	3.39	2.47	3.49	4.13
PE Ratio	60.80	47.88	18.02	25.41	5.69	19.39
PS Ratio	1.99	1.57	1.20	0.80	1.02	1.42
PB Ratio	1.88	1.48	1.11	0.82	1.13	1.80
P/TBV Ratio	2.92	2.30	1.63	1.21	1.68	3.05
P/FCF Ratio	27.02	21.28	11.39	25.41	27.69	15.24
P/OCF Ratio	19.11	15.05	9.23	12.83	16.40	11.99
EV/Sales Ratio	1.91	1.49	0.99	0.75	0.86	1.26
EV/EBITDA Ratio	14.23	12.16	6.14	5.49	5.32	10.47
EV/EBIT Ratio	24.47	19.31	8.25	7.87	7.56	15.61
EV/FCF Ratio	25.71	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	1.64%	2.09%	5.55%	3.94%	17.58%	5.16%
FCF Yield	3.70%	4.70%	8.78%	3.94%	3.61%	6.56%
Dividend Yield	1.71%	2.53%	3.41%	4.56%	3.05%	1.63%
Payout Ratio	121.59%	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	2.32%	3.03%	4.40%	5.98%	3.36%	0.35%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.