Nokia Oyj Ratios and Metrics

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

Millions CZK. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 4, 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 Cap	918,814	881,667	581,034	461,290	632,800	855,564
Market Cap Growth	43.25%	51.74%	25.96%	-27.10%	-26.04%	59.58%
Enterprise Value	871,956	834,824	496,966	399,777	530,156	770,031
PE Ratio	58.43	45.92	18.52	28.09	5.85	18.86
Forward PE	21.45	-	-	-	-	-
PS Ratio	1.91	1.82	1.24	0.89	1.09	1.58
PB Ratio	1.81	1.72	1.15	0.92	1.59	2.02
P/TBV Ratio	44.09	1.70	1.19	0.93	1.62	2.04
P/FCF Ratio	25.96	24.65	11.78	28.42	29.70	16.97
P/OCF Ratio	18.37	17.44	9.55	14.35	17.59	13.35
EV/Sales Ratio	1.80	1.72	1.06	0.77	0.91	1.42
EV/EBITDA Ratio	13.61	17.07	6.76	5.96	6.32	14.62
EV/EBIT Ratio	23.74	38.64	10.18	9.86	9.45	14.62
EV/FCF Ratio	24.64	23.34	10.07	24.63	24.88	15.28
Debt / Equity Ratio	0.21	0.21	0.23	0.25	0.13	0.32
Debt / EBITDA Ratio	2.17	2.20	1.58	1.89	1.24	2.62
Debt / FCF Ratio	3.01	3.01	2.35	7.80	4.87	2.74
Net Debt / Equity Ratio	-0.10	-0.10	-0.17	-0.13	-0.26	-0.21
Net Debt / EBITDA Ratio	-0.99	-1.00	-1.17	-0.95	-1.25	-1.67
Net Debt / FCF Ratio	-1.37	-1.37	-1.75	-3.93	-4.92	-1.75
Asset Turnover	0.52	0.52	0.49	0.51	0.57	0.58
Inventory Turnover	5.14	5.14	4.24	4.21	4.83	5.77
Quick Ratio	1.30	1.30	1.32	1.34	-	1.38
Current Ratio	1.58	1.58	1.58	1.65	-	1.62
Return on Equity (ROE)	3.17%	3.05%	8.27%	2.44%	16.77%	11.02%
Return on Assets (ROA)	1.58%	1.61%	4.14%	1.77%	10.73%	4.86%
Return on Invested Capital (ROIC)	2.41%	2.46%	6.47%	2.44%	15.48%	8.35%
Return on Capital Employed (ROCE)	3.31%	3.20%	7.05%	4.62%	6.49%	8.24%
Earnings Yield	1.71%	2.18%	5.40%	3.56%	17.09%	5.30%
FCF Yield	3.85%	4.06%	8.49%	3.52%	3.37%	5.89%
Dividend Yield	2.10%	2.54%	3.10%	3.62%	1.45%	0.03%
Payout Ratio	115.67%	116.59%	56.62%	93.38%	8.31%	0.55%
Buyback Yield / Dilution	-0.13%	-2.38%	2.86%	1.59%	1.16%	0.00%
Total Shareholder Return	1.97%	0.17%	5.96%	5.21%	2.61%	0.03%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.