Nokia Oyj Ratios and Metrics

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 17, 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	41,444	36,597	23,829	18,679	25,836	35,794
Market Cap Growth	63.54%	53.58%	27.57%	-27.70%	-27.82%	64.98%
Enterprise Value	39,177	34,825	19,639	17,524	21,841	31,873
Last Close Price	7.38	6.43	3.80	2.81	3.77	5.19
PE Ratio	54.22	47.88	18.02	25.41	5.69	19.39
PS Ratio	1.77	1.57	1.20	0.80	1.02	1.42
PB Ratio	1.68	1.48	1.11	0.82	1.13	1.80
P/TBV Ratio	2.60	2.30	1.63	1.21	1.68	3.05
P/FCF Ratio	24.09	21.28	11.39	25.41	27.69	15.24
P/OCF Ratio	17.04	15.05	9.23	12.83	16.40	11.99
EV/Sales Ratio	1.67	1.49	0.99	0.75	0.86	1.26
EV/EBITDA Ratio	12.64	11.39	6.39	5.53	5.32	10.47
EV/EBIT Ratio	22.04	19.97	8.71	7.95	7.56	15.61
EV/FCF Ratio	22.78	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	1.69	1.69	1.49	1.69	1.46	1.96
Debt / FCF Ratio	3.01	3.01	2.36	7.84	6.44	2.74
Net Debt / Equity Ratio	-0.11	-0.11	-0.17	-0.13	-0.14	-0.21
Net Debt / EBITDA Ratio	-0.90	-0.90	-1.20	-0.91	-0.76	-1.35
Net Debt / FCF Ratio	-1.60	-1.60	-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	4.18	4.16	4.80	5.77
Quick Ratio	1.36	1.36	1.34	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)	2.42%	2.42%	3.44%	3.01%	4.07%	2.94%
Return on Invested Capital (ROIC)	5.63%	5.77%	10.12%	4.83%	16.72%	12.43%
Return on Capital Employed (ROCE)	5.40%	5.40%	7.80%	6.90%	9.00%	6.40%
Earnings Yield	1.84%	2.09%	5.55%	3.94%	17.58%	5.16%
FCF Yield	4.15%	4.70%	8.78%	3.94%	3.61%	6.56%
Dividend Yield	8.07%	2.56%	3.81%	5.12%	3.40%	1.75%
Payout Ratio	115.67%	115.67%	55.91%	91.88%	7.91%	0.56%
Buyback Yield / Dilution	0.89%	0.89%	-0.05%	2.07%	0.31%	-1.28%
Total Shareholder Return	8.96%	3.45%	3.76%	7.18%	3.71%	0.47%

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