• Nokia average price/book ratio for 2024 was 0.96, a 3.23% increase from 2023.
• Nokia average price/book ratio for 2023 was 0.93, a 20.51% increase from 2022.
• Nokia average price/book ratio for 2022 was 1.17, a 18.18% decline from 2021.

Price/book ratio can be defined as