• Nokia average price to free cash flow ratio for 2023 was 69.37, a 228.77% decline from 2022.
• Nokia average price to free cash flow ratio for 2022 was 21.1, a 111.63% increase from 2021.
• Nokia average price to free cash flow ratio for 2021 was 9.97, a 27.91% increase from 2020.

Price to free cash flow ratio can be defined as