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	Mar '26 Mar 9, 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	43,441	31,042	20,457	16,241	22,280	30,123
Market Cap Growth	55.09%	51.74%	25.96%	-27.10%	-26.04%	59.58%
Enterprise Value	41,195	29,218	17,326	13,905	18,666	26,952
Last Close Price	7.89	6.47	4.43	3.42	4.64	6.22
PE Ratio	58.95	45.92	18.52	28.09	5.85	18.86
Forward PE	21.53	-	-	-	-	-
PS Ratio	1.86	1.82	1.24	0.89	1.09	1.58
PB Ratio	1.76	1.72	1.15	0.92	1.59	2.02
P/TBV Ratio	2.07	1.70	1.19	0.93	1.62	2.04
P/FCF Ratio	25.54	24.65	11.78	28.42	29.70	16.97
P/OCF Ratio	17.87	17.44	9.55	14.35	17.59	13.35
EV/Sales Ratio	1.76	1.71	1.05	0.77	0.91	1.41
EV/EBITDA Ratio	14.38	16.96	6.69	5.89	6.32	14.53
EV/EBIT Ratio	22.84	38.41	10.09	9.74	9.45	14.53
EV/FCF Ratio	24.22	23.21	9.98	24.33	24.88	15.19
Debt / Equity Ratio	0.20	0.20	0.22	0.24	0.13	0.31
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	1.76%	2.18%	5.40%	3.56%	17.09%	5.30%
FCF Yield	3.91%	4.06%	8.49%	3.52%	3.37%	5.89%
Dividend Yield	1.37%	2.54%	3.10%	3.62%	1.45%	0.03%
Payout Ratio	80.69%	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	1.24%	0.17%	5.96%	5.21%	2.61%	0.03%

Updated Jan 29, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q