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	Apr '26 Apr 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 Cap	57,199	36,090	23,818	18,875	25,950	35,051
Market Cap Growth	90.72%	51.52%	26.19%	-27.27%	-25.96%	59.60%
Enterprise Value	54,912	33,600	20,027	15,870	22,604	30,856
Last Close Price	10.31	6.46	4.43	3.42	4.64	6.22
PE Ratio	74.83	45.92	18.52	25.75	5.69	18.99
PS Ratio	2.45	1.55	1.19	0.81	1.02	1.39
PB Ratio	2.31	1.47	1.11	0.83	1.13	1.78
P/TBV Ratio	2.67	1.70	1.19	0.93	1.22	2.02
P/FCF Ratio	33.17	21.00	11.33	25.68	27.71	14.93
P/OCF Ratio	23.52	14.85	9.18	12.96	16.41	11.74
EV/Sales Ratio	2.35	1.44	1.00	0.68	0.89	1.22
EV/EBITDA Ratio	19.17	14.29	6.45	5.09	6.13	8.34
EV/EBIT Ratio	30.45	32.36	9.77	8.28	9.17	12.57
EV/FCF Ratio	31.84	19.55	9.52	21.59	24.14	13.14
Debt / Equity Ratio	0.20	0.20	0.22	0.24	0.25	0.31
Debt / EBITDA Ratio	2.29	2.20	1.59	1.84	1.61	1.74
Debt / FCF Ratio	3.01	3.01	2.35	7.80	6.32	2.74
Net Debt / Equity Ratio	-0.10	-0.10	-0.17	-0.13	-0.14	-0.21
Net Debt / EBITDA Ratio	-1.04	-1.00	-1.18	-0.93	-0.88	-1.11
Net Debt / FCF Ratio	-1.37	-1.37	-1.75	-3.93	-3.47	-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	1.27	1.38
Current Ratio	1.58	1.58	1.58	1.65	1.59	1.62
Return on Equity (ROE)	3.05%	3.05%	8.27%	3.09%	21.61%	11.02%
Return on Assets (ROA)	1.47%	1.61%	4.08%	1.85%	10.73%	4.86%
Return on Invested Capital (ROIC)	2.02%	2.21%	5.73%	2.63%	15.69%	7.12%
Return on Capital Employed (ROCE)	2.93%	3.20%	6.95%	5.87%	7.91%	8.24%
Earnings Yield	1.34%	2.18%	5.40%	3.88%	17.57%	5.27%
FCF Yield	3.02%	4.76%	8.83%	3.89%	3.61%	6.70%
Dividend Yield	1.05%	2.54%	3.10%	3.62%	1.46%	0.03%
Payout Ratio	80.69%	116.59%	56.62%	93.38%	8.31%	0.55%
Buyback Yield / Dilution	0.50%	0.50%	0.99%	0.02%	0.85%	-0.31%
Total Shareholder Return	1.55%	3.05%	4.09%	3.64%	2.31%	-0.28%

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

SEC Filings: 10-K · 10-Q