Stock Analysis on Net

Nike Inc. (NYSE:NKE)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Nike Inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-05-31), 10-K (reporting date: 2024-05-31), 10-K (reporting date: 2023-05-31), 10-K (reporting date: 2022-05-31), 10-K (reporting date: 2021-05-31), 10-K (reporting date: 2020-05-31), 10-K (reporting date: 2019-05-31), 10-K (reporting date: 2018-05-31), 10-K (reporting date: 2017-05-31), 10-K (reporting date: 2016-05-31), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-31), 10-K (reporting date: 2013-05-31), 10-K (reporting date: 2012-05-31), 10-K (reporting date: 2011-05-31), 10-K (reporting date: 2010-05-31), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-31), 10-K (reporting date: 2007-05-31), 10-K (reporting date: 2006-05-31), 10-K (reporting date: 2005-05-31).

1 US$

2 Data adjusted for splits and stock dividends.

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


The share price exhibits an overall upward trend from 2005 through 2025, with some periods of volatility. Starting at $10.48 in 2005, the price increased steadily, reaching peaks above $150 in 2021 before declining in subsequent years to around $73 by 2025. There are noticeable surges especially between 2013 and 2021, followed by a significant decrease after 2021.

Earnings per share (EPS) generally show growth over the time period, rising from $0.58 in 2005 to peaks above $3.85 around 2022. However, the EPS figures fluctuate in some periods, with notable drops such as in 2018 and particularly in 2024 and 2025, where EPS sharply declines to near zero. This indicates inconsistency in earnings performance in the later years.

The price-to-earnings (P/E) ratio displays considerable variability. Initially hovering between roughly 14 and 30 from 2005 through 2017, it spikes dramatically from 2018 onward, reaching extremely high levels above 1700 by 2024 and 2025. These exceptionally high P/E ratios occur concurrently with EPS values near zero, which mathematically inflates the ratio. The elevated P/E ratios suggest market valuation is very high relative to earnings during the most recent years, reflecting either overvaluation or underlying complexities affecting profitability.

Share Price
Consistent growth with volatility, peak near $160 in 2021, decline afterwards to ~$73 by 2025.
Earnings Per Share (EPS)
Overall increase until 2022, followed by sharp decline to near zero in last two years, indicating earnings challenges.
Price-to-Earnings (P/E) Ratio
Moderate and relatively stable for over a decade; massive spike from 2018 onward due to collapsing EPS, reaching extreme highs by 2024-2025.

In summary, the financial data shows a company with historically increasing valuation and earnings, but recent years marked by sharp earnings decline and corresponding extreme P/E ratios. The decline in share price after its 2021 peak suggests the market may be reacting to these earnings challenges and reassessing the company's growth prospects.


Comparison to Competitors


Comparison to Sector (Consumer Durables & Apparel)


Comparison to Industry (Consumer Discretionary)