• Nokia average price to free cash flow ratio for 2023 was 69.84, a 228.81% decline from 2022.
• Nokia average price to free cash flow ratio for 2022 was 21.24, a 111.55% increase from 2021.
• Nokia average price to free cash flow ratio for 2021 was 10.04, a 27.87% increase from 2020.

Price to free cash flow ratio can be defined as