Stock Analysis on Net

Nike Inc. (NYSE:NKE)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Historical Valuation Ratios (Summary)

Nike Inc., historical price multiples (quarterly data)

Microsoft Excel
May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
Price to earnings (P/E) 18.78 25.70 29.19 29.25 32.45 33.73 33.20 25.01 28.96 34.04 41.28 38.89 44.12 61.08 78.79 75.70 60.47 30.31 34.67 33.76 33.72
Price to operating profit (P/OP) 16.97 22.46 25.51 25.38 27.81 29.99 29.32 22.59 26.23 29.24 35.52 32.43 36.42 50.02 60.21 61.00 49.29 25.26 30.26 29.17 28.47
Price to sales (P/S) 2.08 2.61 3.00 2.87 3.21 3.65 3.81 2.99 3.75 4.45 5.50 5.12 5.67 5.44 5.82 5.45 4.11 3.17 3.89 3.65 3.47
Price to book value (P/BV) 7.42 9.45 10.93 10.58 11.75 12.72 12.25 8.92 11.46 14.06 17.06 16.49 19.79 17.55 20.93 22.08 19.06 14.47 16.95 15.79 15.03 14.96 13.83 14.15

Based on: 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Nike Inc. P/E ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Nike Inc. P/OP ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Nike Inc. P/S ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Nike Inc. P/BV ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Earnings (P/E)

Nike Inc., historical P/E calculation (quarterly data)

Microsoft Excel
May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 1,499,358,944 1,509,358,807 1,515,122,068 1,521,910,125 1,529,971,608 1,536,988,816 1,550,562,983 1,564,590,941 1,568,555,905 1,573,767,469 1,581,295,273 1,582,817,717 1,581,801,224 1,579,967,074 1,576,490,011 1,569,826,533 1,559,888,549 1,555,034,734 1,557,372,768 1,561,052,333 1,566,888,373 1,571,749,591 1,573,797,545 1,588,108,352
Selected Financial Data (US$)
Net income (in millions) 1,500 1,172 1,578 1,450 1,031 1,240 1,331 1,468 1,439 1,396 1,337 1,874 1,509 1,449 1,251 1,518 (790) 847 1,115 1,367 989 1,101 847 1,092
Earnings per share (EPS)2 3.80 3.47 3.50 3.32 3.31 3.56 3.63 3.60 3.85 3.89 3.90 3.84 3.62 2.17 1.79 1.71 1.63 2.78 2.94 2.76 2.57 0.00 0.00 0.00
Share price1, 3 71.41 89.07 102.08 97.11 107.53 120.22 120.62 90.17 111.62 132.30 161.04 149.46 159.74 132.53 141.23 129.71 98.43 84.16 101.78 93.07 86.70 85.28 76.73 80.12
Valuation Ratio
P/E ratio4 18.78 25.70 29.19 29.25 32.45 33.73 33.20 25.01 28.96 34.04 41.28 38.89 44.12 61.08 78.79 75.70 60.47 30.31 34.67 33.76 33.72
Benchmarks
P/E Ratio, Competitors5
lululemon athletica inc. 38.92 58.61 47.90 43.68 47.65 40.83 34.08 37.85 45.11 61.91 59.82 58.57 70.19 86.35 84.50 69.46 40.49 53.68 45.92 44.06 39.73

Based on: 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
EPS = (Net incomeQ4 2024 + Net incomeQ3 2024 + Net incomeQ2 2024 + Net incomeQ1 2024) ÷ No. shares of common stock outstanding
= (1,500,000,000 + 1,172,000,000 + 1,578,000,000 + 1,450,000,000) ÷ 1,499,358,944 = 3.80

3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/E ratio = Share price ÷ EPS
= 71.41 ÷ 3.80 = 18.78

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Nike Inc. P/E ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Operating Profit (P/OP)

Nike Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 1,499,358,944 1,509,358,807 1,515,122,068 1,521,910,125 1,529,971,608 1,536,988,816 1,550,562,983 1,564,590,941 1,568,555,905 1,573,767,469 1,581,295,273 1,582,817,717 1,581,801,224 1,579,967,074 1,576,490,011 1,569,826,533 1,559,888,549 1,555,034,734 1,557,372,768 1,561,052,333 1,566,888,373 1,571,749,591 1,573,797,545 1,588,108,352
Selected Financial Data (US$)
Operating income (in millions) 1,546 1,336 1,825 1,604 1,221 1,412 1,587 1,695 1,468 1,629 1,454 2,124 1,913 1,678 1,580 1,766 (838) 1,190 1,220 1,543 1,227 1,248 963 1,334
Operating profit per share2 4.21 3.97 4.00 3.83 3.87 4.01 4.11 3.99 4.26 4.52 4.53 4.61 4.39 2.65 2.35 2.13 2.00 3.33 3.36 3.19 3.05 0.00 0.00 0.00
Share price1, 3 71.41 89.07 102.08 97.11 107.53 120.22 120.62 90.17 111.62 132.30 161.04 149.46 159.74 132.53 141.23 129.71 98.43 84.16 101.78 93.07 86.70 85.28 76.73 80.12
Valuation Ratio
P/OP ratio4 16.97 22.46 25.51 25.38 27.81 29.99 29.32 22.59 26.23 29.24 35.52 32.43 36.42 50.02 60.21 61.00 49.29 25.26 30.26 29.17 28.47
Benchmarks
P/OP Ratio, Competitors5
lululemon athletica inc. 28.29 38.24 31.18 28.39 30.66 29.76 24.86 27.59 33.00 44.89 43.08 42.10 50.41 61.79 60.82 50.59 29.40 37.79 32.12 30.48 27.23

Based on: 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
Operating profit per share = (Operating incomeQ4 2024 + Operating incomeQ3 2024 + Operating incomeQ2 2024 + Operating incomeQ1 2024) ÷ No. shares of common stock outstanding
= (1,546,000,000 + 1,336,000,000 + 1,825,000,000 + 1,604,000,000) ÷ 1,499,358,944 = 4.21

3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 71.41 ÷ 4.21 = 16.97

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Nike Inc. P/OP ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Sales (P/S)

Nike Inc., historical P/S calculation (quarterly data)

Microsoft Excel
May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 1,499,358,944 1,509,358,807 1,515,122,068 1,521,910,125 1,529,971,608 1,536,988,816 1,550,562,983 1,564,590,941 1,568,555,905 1,573,767,469 1,581,295,273 1,582,817,717 1,581,801,224 1,579,967,074 1,576,490,011 1,569,826,533 1,559,888,549 1,555,034,734 1,557,372,768 1,561,052,333 1,566,888,373 1,571,749,591 1,573,797,545 1,588,108,352
Selected Financial Data (US$)
Revenues (in millions) 12,606 12,429 13,388 12,939 12,825 12,390 13,315 12,687 12,234 10,871 11,357 12,248 12,344 10,357 11,243 10,594 6,313 10,104 10,326 10,660 10,184 9,611 9,374 9,948
Sales per share2 34.26 34.17 34.02 33.82 33.48 32.94 31.67 30.14 29.78 29.75 29.28 29.18 28.16 24.37 24.27 23.78 23.98 26.54 26.19 25.51 24.96 0.00 0.00 0.00
Share price1, 3 71.41 89.07 102.08 97.11 107.53 120.22 120.62 90.17 111.62 132.30 161.04 149.46 159.74 132.53 141.23 129.71 98.43 84.16 101.78 93.07 86.70 85.28 76.73 80.12
Valuation Ratio
P/S ratio4 2.08 2.61 3.00 2.87 3.21 3.65 3.81 2.99 3.75 4.45 5.50 5.12 5.67 5.44 5.82 5.45 4.11 3.17 3.89 3.65 3.47
Benchmarks
P/S Ratio, Competitors5
lululemon athletica inc. 6.27 6.38 5.46 4.91 5.02 6.39 5.32 5.81 7.03 9.20 8.95 8.30 9.39 11.82 11.78 10.42 6.57 8.10 6.85 6.51 5.85

Based on: 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
Sales per share = (RevenuesQ4 2024 + RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024) ÷ No. shares of common stock outstanding
= (12,606,000,000 + 12,429,000,000 + 13,388,000,000 + 12,939,000,000) ÷ 1,499,358,944 = 34.26

3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 71.41 ÷ 34.26 = 2.08

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Nike Inc. P/S ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Price to Book Value (P/BV)

Nike Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
May 31, 2024 Feb 29, 2024 Nov 30, 2023 Aug 31, 2023 May 31, 2023 Feb 28, 2023 Nov 30, 2022 Aug 31, 2022 May 31, 2022 Feb 28, 2022 Nov 30, 2021 Aug 31, 2021 May 31, 2021 Feb 28, 2021 Nov 30, 2020 Aug 31, 2020 May 31, 2020 Feb 29, 2020 Nov 30, 2019 Aug 31, 2019 May 31, 2019 Feb 28, 2019 Nov 30, 2018 Aug 31, 2018
No. shares of common stock outstanding1 1,499,358,944 1,509,358,807 1,515,122,068 1,521,910,125 1,529,971,608 1,536,988,816 1,550,562,983 1,564,590,941 1,568,555,905 1,573,767,469 1,581,295,273 1,582,817,717 1,581,801,224 1,579,967,074 1,576,490,011 1,569,826,533 1,559,888,549 1,555,034,734 1,557,372,768 1,561,052,333 1,566,888,373 1,571,749,591 1,573,797,545 1,588,108,352
Selected Financial Data (US$)
Shareholders’ equity (in millions) 14,430 14,226 14,146 13,971 14,004 14,531 15,272 15,822 15,281 14,809 14,924 14,343 12,767 11,931 10,640 9,224 8,055 9,045 9,351 9,200 9,040 8,961 8,729 8,992
Book value per share (BVPS)2 9.62 9.43 9.34 9.18 9.15 9.45 9.85 10.11 9.74 9.41 9.44 9.06 8.07 7.55 6.75 5.88 5.16 5.82 6.00 5.89 5.77 5.70 5.55 5.66
Share price1, 3 71.41 89.07 102.08 97.11 107.53 120.22 120.62 90.17 111.62 132.30 161.04 149.46 159.74 132.53 141.23 129.71 98.43 84.16 101.78 93.07 86.70 85.28 76.73 80.12
Valuation Ratio
P/BV ratio4 7.42 9.45 10.93 10.58 11.75 12.72 12.25 8.92 11.46 14.06 17.06 16.49 19.79 17.55 20.93 22.08 19.06 14.47 16.95 15.79 15.03 14.96 13.83 14.15
Benchmarks
P/BV Ratio, Competitors5
lululemon athletica inc. 14.26 16.63 13.65 12.57 12.94 15.71 13.14 14.48 16.06 20.28 18.51 15.65 16.16 22.24 22.78 21.85 13.39 18.43 16.28 16.29 13.29 12.37 13.74 8.71

Based on: 10-K (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-Q (reporting date: 2023-08-31), 10-K (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-Q (reporting date: 2022-08-31), 10-K (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-Q (reporting date: 2021-08-31), 10-K (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30), 10-Q (reporting date: 2020-08-31), 10-K (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-Q (reporting date: 2019-08-31), 10-K (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-Q (reporting date: 2018-08-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2024 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= 14,430,000,000 ÷ 1,499,358,944 = 9.62

3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.

4 Q4 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 71.41 ÷ 9.62 = 7.42

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Nike Inc. P/BV ratio decreased from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.