The purpose o f the paper is to determine the differences in financial ratios analysis under International financial reporting standards (IFRS) and Ukrainian national accounting standards. The comparative case study analysis o f financial ratios under both standards is performed. The results confirm differences in such ratios as: profitability ratios, market to book value ratio, dividend pay-out ratio (increased under IFRS); assets utilization ratios, price to earnings ratio and price to book value per share ratio (decreased under IFRS).