Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
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).
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- Statement of Comprehensive Income
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Analysis of Debt
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Historical Valuation Ratios (Summary)
Nike Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 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).
- Price to Earnings (P/E) Ratio
- The Price to Earnings ratio exhibits significant volatility over the observed periods. Beginning at elevated levels around 60 to 79 during late 2019 to early 2021, it then demonstrates a consistent downward trend from mid-2021 onward. The ratio decreases steadily from approximately 44 in mid-2021 to below 20 by late 2024. Anomalous spikes appear at certain points, notably in early 2025 with an extreme value exceeding 2200, which may indicate irregularities or one-off factors impacting earnings or market price at that time.
- Price to Operating Profit (P/OP) Ratio
- This ratio follows a pattern similar to the P/E ratio, indicating a high valuation relative to operating profit in earlier periods (falling from around 60 to 50 between late 2019 and mid-2020). Subsequently, it exhibits a gradual decline throughout the subsequent quarters, reaching a low close to 17 by late 2024. A pronounced spike near early 2025, analogous to the P/E ratio, suggests exceptional market or operational circumstances influencing the valuation metrics during this timeframe.
- Price to Sales (P/S) Ratio
- The Price to Sales ratio remains relatively stable compared to earnings and operating profit ratios but still displays a downward trend over the years. Initially ranging between about 4 and 6 in late 2019 to early 2021 periods, it steadily moves lower thereafter, falling below 2.5 towards the end of the dataset. This reduction in the P/S ratio may indicate a revaluation of sales relative to market valuation or slower growth expectations.
- Price to Book Value (P/BV) Ratio
- The Price to Book Value ratio shows a gradual decreasing trend from late 2019 through the middle of 2024. Starting at approximately 16 to 22 in the earlier periods, it trends downward towards values around 6 to 9 near the end of the timeline. This pattern reflects a declining market valuation relative to the company's book value, possibly indicating changing investor perceptions of asset value or associated risks. A notable increase occurs sporadically, similar to other ratios, around early 2025.
Price to Earnings (P/E)
Nike Inc., historical P/E calculation (quarterly data)
| Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Net income (in millions) | |||||||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | |||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
EPS
= (Net incomeQ1 2026
+ Net incomeQ4 2025
+ Net incomeQ3 2025
+ Net incomeQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price displayed notable variability over the periods analyzed. Starting at $93.07, it rose steadily to reach a peak of $161.04 in November 2021. Following this high point, the price experienced a general decline, dipping to $55.58 by February 2025. Some fluctuations occurred during this decline, with minor recoveries observed in November 2024 and August 2025, where prices rose to $72.98 and $74.20 respectively. Overall, the share price showed a significant increase from 2019 through late 2021 before trending downward through 2024 and early 2025.
- Earnings Per Share (EPS) Dynamics
- EPS data is partially missing in early periods, but from May 2020 onward, it demonstrates a general upward trend initially, climbing from $1.63 to peak around $3.90 by February 2022. Thereafter, EPS values show modest fluctuations remaining mostly stable between $3.0 and $3.8 until early 2024. A sharp decline is apparent in February 2025, falling to $0.03, followed by a rebound to $1.96 in May 2025. This suggests some extraordinary impact or one-time event affecting earnings early in 2025.
- P/E Ratio Observations
- The price-to-earnings ratio started at a very high level above 60 in mid-2020 and peaked at nearly 79 in early 2021. Subsequently, it demonstrated a consistent downward trend, reaching values around 18 to 29 throughout 2023 and 2024. Anomalously, in February 2025, the P/E ratio soared sharply to over 2200, coinciding with the dramatic EPS drop, which distorted this ratio due to extremely low earnings. The ratio then normalized back to 37.89 in May 2025. This pattern highlights volatility and volatility in market valuation relative to earnings during this timeframe.
- Integrated Insights
- The share price and EPS generally exhibited positive correlation during the early part of the period, both increasing together until early 2022. The subsequent decline in share price, despite relatively stable EPS values through 2023, suggests market concerns beyond earnings performance may have weighed on valuation. The extraordinary EPS drop and corresponding P/E spike in early 2025 likely reflect atypical circumstances affecting profitability. Following these events, the partial recovery in both EPS and share price indicates some restoration of business performance or investor confidence. The data overall indicate cycles of growth and revaluation driven by earnings trends and external factors influencing investor sentiment.
Price to Operating Profit (P/OP)
Nike Inc., historical P/OP calculation (quarterly data)
| Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Operating income (in millions) | |||||||||||||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | |||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
Operating profit per share
= (Operating incomeQ1 2026
+ Operating incomeQ4 2025
+ Operating incomeQ3 2025
+ Operating incomeQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited a fluctuating pattern over the observed periods. It initially increased from $93.07 to a peak of $161.04 during November 2021. Subsequently, a gradual decline followed, reaching a low of $55.58 in February 2025. After this trough, the share price showed signs of recovery, rising to $74.20 by August 2025. This sequence demonstrates significant volatility with a pronounced peak followed by a sharp decline and partial rebound.
- Operating Profit Per Share Trend
- The operating profit per share started to be reported from May 2020, and initially it increased steadily, reaching a maximum of approximately $4.61 in November 2021. Thereafter, the figure displayed a mild decreasing trend, dipping below $4.00 in subsequent periods. A sharp drop to near zero occurred in May 2025, followed by a moderate recovery to $2.31 in August 2025. This suggests that while profitability remained relatively stable at higher levels initially, there was increased instability in recent quarters.
- Price-to-Operating Profit Ratio (P/OP)
- The price-to-operating profit ratio moved inversely relative to profitability and share price movements to some extent. Starting relatively high at around 49.29 in May 2020, it decreased consistently to a low of approximately 16.65 by February 2025, indicating that the share price was valued more attractively relative to operating profit at that point. The exception is May 2025, where an extreme spike above 1900 occurred, which corresponds to the drastic decline in operating profit per share near zero, distorting the ratio. By August 2025, the ratio normalized somewhat to about 32.07. Generally, the downward trend in P/OP reflects better operating profit performance relative to share price except for the anomaly in mid-2025.
- Overall Financial Insights
- The data indicate that after a period of growth in both share price and operating profit per share peaking around late 2021, there was a period marked by volatility and decline in both metrics. The significant drop in operating profit per share in mid-2025 represents an unusual event impacting valuation ratios notably. Despite these fluctuations, recovery signals are present by August 2025, suggesting possible stabilization. The trends imply cyclical pressures or external factors influencing performance and market valuation during the latter periods.
Price to Sales (P/S)
Nike Inc., historical P/S calculation (quarterly data)
| Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Revenues (in millions) | |||||||||||||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | |||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
Sales per share
= (RevenuesQ1 2026
+ RevenuesQ4 2025
+ RevenuesQ3 2025
+ RevenuesQ2 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited notable volatility over the observed periods. Starting at $93.07 in August 2019, the price increased steadily, peaking at $161.04 in November 2021. Following this peak, a general downward trend emerged, with intermittent fluctuations, reaching a low of $55.58 by February 2025. Subsequently, a modest recovery was noted toward the end of the period, closing at $74.20 in August 2025. This pattern suggests phases of investor optimism followed by pronounced declines, likely reflecting broader market or company-specific influences.
- Sales Per Share
- Sales per share data begins from May 2020 at $23.98 and demonstrated a consistent upward trajectory until it reached a maximum of approximately $34.26 in August 2024. The values remained relatively stable around the mid-30s for the latter periods with a minor dip observed in February 2025 to $0.47, which appears to be an outlier or data anomaly, before rebounding to $31.42 in August 2025. Overall, this indicates a trend of steady growth in sales on a per-share basis throughout most of the timeline.
- Price-to-Sales Ratio (P/S)
- The P/S ratio initially reported a value of 4.11 in May 2020, experiencing an increase to a maximum of 5.82 by February 2021. Following this, the ratio displayed a declining trend, falling to 1.72 in February 2025, suggesting increasing sales relative to share price or a declining market valuation. An anomalous spike to 154.85 in May 2025 deviates sharply from the overall trend and likely represents a data irregularity. The ratio decreased again to 2.36 by August 2025. Excluding anomalies, the downward trend in P/S indicates valuation compression or strengthening revenue generation.
- Integrated Observations
- The observed increase in sales per share coupled with the declining price-to-sales ratio suggests improving operational performance but a declining investor valuation over time. The peak and subsequent decline in share price reinforce the interpretation of market sentiment shifts. The presence of apparent data anomalies in February and May 2025 requires cautious interpretation. Overall, the company displayed growth in sales metrics while experiencing significant valuation adjustments in the marketplace.
Price to Book Value (P/BV)
Nike Inc., historical P/BV calculation (quarterly data)
| Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Shareholders’ equity (in millions) | |||||||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||||||
| lululemon athletica inc. | |||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-31), 10-K (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-Q (reporting date: 2024-08-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q1 2026 Calculation
BVPS = Shareholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Nike Inc. Quarterly or Annual Report.
4 Q1 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The analysis of the presented quarterly financial data reveals several key trends in the company's stock market valuation and book value metrics over the specified period.
- Share Price Trends
- From August 2019 to February 2020, the share price experienced volatility, declining from a high of approximately $101.78 to $84.16, before rebounding sharply to $129.71 by August 2020. The price peaked near $161 in November 2021, indicating a significant upward trend during this period. Following this peak, there was a notable gradual decline through mid-2023, reaching a low near $55.58 in February 2025. A slight recovery was observed thereafter, with the price moving upwards to $74.20 by August 2025.
- Book Value Per Share (BVPS) Trends
- The book value per share showed a steady, generally upward trajectory from 5.89 in August 2019 to a peak around 10.11 in August 2022. After this period, it mostly plateaued with minor fluctuations, remaining around the 9.00 to 9.60 range through mid-2024. A notable outlier occurred with an abrupt drop to 0.13 in May 2025, which may suggest either an anomaly, restatement, or a one-time adjustment that should be further investigated.
- Price-to-Book Value (P/BV) Ratio Trends
- The P/BV ratio reflects investor valuation relative to the company’s book value. Initially high at 15.79, it peaked at 22.08 around August 2020. Thereafter, the ratio displayed a consistent declining trend, falling to single-digit figures by mid-2024, with the lowest ratios occurring between 5.86 and 8.14. Similar to BVPS, an outlier is observed in May 2025 with an unusually high ratio of about 542.72, indicating likely data inconsistency that requires clarification. Generally, the declining P/BV ratio suggests a compression in valuation multiples or investor caution despite rising book value.
- Overall Insights
- The data illustrate a period of significant share price growth up to late 2021, followed by a prolonged decline. The book value per share’s steady increase signals growth in net asset value per share, suggesting improving intrinsic value. However, the falling P/BV ratio indicates that the market’s price performance has not kept pace with increases in book value, pointing to either changing market sentiment, perceived risk, or valuation adjustments over time.