Nokia Oyj (NOKIA) — Tangible Net Worth Ratio
Nokia Oyj (NOKIA) has a Tangible Net Worth Ratio of 92.2% as of September 2025. This metric is calculated by deducting intangible assets (€1.54 Billion) from net assets (€19.67 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore how fast is Nokia Oyj growing its equity to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Nokia Oyj Tangible Net Worth Ratio (1995–2024)
This chart shows how Nokia Oyj's Tangible Net Worth Ratio has changed across 30 annual periods from 1995 to 2024. As of September 2025, the ratio stands at 92.2%, reflecting net assets of €19.67 Billion with intangible assets of €1.54 Billion EUR. For live market cap and overall valuation, see Nokia Oyj (NOKIA) market capitalisation.
Annual Tangible Net Worth Ratio for Nokia Oyj (1995–2024)
The table below presents the year-by-year Tangible Net Worth Ratio for Nokia Oyj from 1995 to 2024, covering 30 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Nokia Oyj capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2024 | 96.1% | €20.75 Billion | €802.00 Million | €39.15 Billion | ▲ +1.4 pp |
| 2023 | 94.7% | €20.63 Billion | €1.09 Billion | €39.86 Billion | ▲ +0.6 pp |
| 2022 | 94.1% | €21.43 Billion | €1.26 Billion | €42.94 Billion | ▲ +3.4 pp |
| 2021 | 90.7% | €17.46 Billion | €1.62 Billion | €40.05 Billion | ▲ +6.2 pp |
| 2020 | 84.5% | €12.64 Billion | €1.95 Billion | €36.28 Billion | ▲ +0.3 pp |
| 2019 | 84.2% | €15.40 Billion | €2.43 Billion | €39.13 Billion | ▲ +6.0 pp |
| 2018 | 78.2% | €15.37 Billion | €3.35 Billion | €39.53 Billion | ▲ +2.7 pp |
| 2017 | 75.5% | €16.22 Billion | €3.97 Billion | €41.02 Billion | ▲ +0.5 pp |
| 2016 | 75.0% | €20.97 Billion | €5.24 Billion | €44.90 Billion | ▼ -21.9 pp |
| 2015 | 96.9% | €10.47 Billion | €323.00 Million | €20.87 Billion | ▲ +1.0 pp |
| 2014 | 96.0% | €8.67 Billion | €350.00 Million | €21.06 Billion | ▲ +0.4 pp |
| 2013 | 95.6% | €6.66 Billion | €296.00 Million | €25.19 Billion | ▲ +2.4 pp |
| 2012 | 93.2% | €9.45 Billion | €647.00 Million | €29.95 Billion | ▲ +3.3 pp |
| 2011 | 89.9% | €13.92 Billion | €1.41 Billion | €36.20 Billion | ▲ +2.0 pp |
| 2010 | 87.9% | €16.23 Billion | €1.97 Billion | €39.12 Billion | ▲ +7.6 pp |
| 2009 | 80.3% | €14.75 Billion | €2.90 Billion | €35.74 Billion | ▲ +5.5 pp |
| 2008 | 74.8% | €16.55 Billion | €4.17 Billion | €39.68 Billion | ▼ -9.4 pp |
| 2007 | 84.2% | €17.37 Billion | €2.74 Billion | €37.66 Billion | ▼ -11.2 pp |
| 2006 | 95.4% | €12.06 Billion | €549.33 Million | €22.62 Billion | ▼ -2.1 pp |
| 2005 | 97.6% | €12.35 Billion | €300.57 Million | €22.28 Billion | ▼ -0.4 pp |
| 2004 | 97.9% | €14.40 Billion | €298.76 Million | €22.65 Billion | ▲ +0.3 pp |
| 2003 | 97.6% | €15.29 Billion | €370.02 Million | €23.88 Billion | ▲ +2.2 pp |
| 2002 | 95.4% | €14.47 Billion | €668.98 Million | €23.35 Billion | ▲ +4.2 pp |
| 2001 | 91.2% | €12.42 Billion | €1.09 Billion | €22.47 Billion | ▲ +9.4 pp |
| 2000 | 81.8% | €11.02 Billion | €2.00 Billion | €19.94 Billion | ▼ -7.0 pp |
| 1999 | 88.8% | €7.52 Billion | €840.75 Million | €14.32 Billion | ▼ -1.8 pp |
| 1998 | 90.6% | €5.15 Billion | €481.75 Million | €9.99 Billion | ▲ +0.1 pp |
| 1997 | 90.5% | €3.64 Billion | €345.45 Million | €7.00 Billion | ▼ -0.4 pp |
| 1996 | 90.9% | €2.75 Billion | €251.49 Million | €5.74 Billion | ▲ +2.0 pp |
| 1995 | 88.9% | €2.53 Billion | €281.39 Million | €5.83 Billion | — |