Price to Sales (P/S)
since 2005
Calculation
Nike Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jul 25, 2024 | 195.86 | = | 71.41 | ÷ | 0.36 | 0.36 | = | 51,362 | ÷ | 140,871,272,720 | |
| Jul 20, 2023 | 3.21 | = | 107.53 | ÷ | 33.48 | 33.48 | = | 51,217 | ÷ | 1,529,971,608 | |
| Jul 21, 2022 | 3.75 | = | 111.62 | ÷ | 29.78 | 29.78 | = | 46,710 | ÷ | 1,568,555,905 | |
| Jul 20, 2021 | 5.67 | = | 159.74 | ÷ | 28.16 | 28.16 | = | 44,538 | ÷ | 1,581,801,224 | |
| Jul 24, 2020 | 4.11 | = | 98.43 | ÷ | 23.98 | 23.98 | = | 37,403 | ÷ | 1,559,888,549 | |
| Jul 23, 2019 | 3.47 | = | 86.70 | ÷ | 24.96 | 24.96 | = | 39,117 | ÷ | 1,566,888,373 | |
| Jul 25, 2018 | 3.39 | = | 77.16 | ÷ | 22.74 | 22.74 | = | 36,397 | ÷ | 1,600,554,538 | |
| Jul 20, 2017 | 2.83 | = | 59.10 | ÷ | 20.90 | 20.90 | = | 34,350 | ÷ | 1,643,195,065 | |
| Jul 21, 2016 | 2.95 | = | 56.99 | ÷ | 19.30 | 19.30 | = | 32,376 | ÷ | 1,677,618,635 | |
| Jul 23, 2015 | 3.19 | = | 57.00 | ÷ | 17.89 | 17.89 | = | 30,601 | ÷ | 1,710,703,178 | |
| Jul 25, 2014 | 2.43 | = | 38.86 | ÷ | 16.01 | 16.01 | = | 27,799 | ÷ | 1,736,594,992 | |
| Jul 23, 2013 | 2.22 | = | 31.60 | ÷ | 14.22 | 14.22 | = | 25,313 | ÷ | 1,780,704,932 | |
| Jul 24, 2012 | 1.76 | = | 23.24 | ÷ | 13.23 | 13.23 | = | 24,128 | ÷ | 1,823,480,880 | |
| Jul 22, 2011 | 2.09 | = | 22.93 | ÷ | 10.98 | 10.98 | = | 20,862 | ÷ | 1,899,321,160 | |
| Jul 20, 2010 | 1.77 | = | 17.46 | ÷ | 9.84 | 9.84 | = | 19,014 | ÷ | 1,932,077,812 | |
| Jul 27, 2009 | 1.33 | = | 13.10 | ÷ | 9.87 | 9.87 | = | 19,176 | ÷ | 1,943,722,596 | |
| Jul 28, 2008 | 1.51 | = | 14.31 | ÷ | 9.50 | 9.50 | = | 18,627 | ÷ | 1,961,649,524 | |
| Jul 27, 2007 | 1.71 | = | 13.86 | ÷ | 8.13 | 8.13 | = | 16,326 | ÷ | 2,008,434,792 | |
| Jul 28, 2006 | 1.36 | = | 9.99 | ÷ | 7.32 | 7.32 | = | 14,955 | ÷ | 2,043,185,608 | |
| Jul 29, 2005 | 1.60 | = | 10.48 | ÷ | 6.56 | 6.56 | = | 13,740 | ÷ | 2,093,227,312 |
Based on: 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.
- Share Price Trend
- The share price exhibits a general upward trajectory from 2005 through 2020, increasing from $10.48 to a peak of $159.74. Notably, there was a significant rise between 2019 and 2020. However, following this peak, the share price decreased gradually, dropping to $71.41 by 2024. This indicates a period of robust growth followed by a correction or decline in the more recent years.
- Sales Per Share Pattern
- Sales per share have shown a steady increase over the majority of the period, climbing from $6.56 in 2005 to a high of $33.48 in 2023. This consistent rise reflects growing sales performance on a per-share basis. There is an outlier in 2024, where sales per share dramatically drop to $0.36, indicating either an anomaly, data error, or a significant change in business operations or accounting treatment.
- Price to Sales (P/S) Ratio Analysis
- The P/S ratio fluctuates across the timeline, starting at 1.6 in 2005 and demonstrating a general upward trend, reaching a high of 5.67 in 2021, which implies a rising market valuation relative to sales. This could suggest increased investor confidence or anticipation of future growth. The ratio subsequently declines to 3.21 in 2023. Notably, in 2024, the P/S ratio spikes dramatically to 195.86, which appears inconsistent with prior data patterns and likely correlates with the anomalous sales per share figure observed that year.
- Overall Insights
- The financial data reveals a company that experienced substantial growth in market valuation and sales over approximately 15 years. Share price and sales per share trends generally align, supporting steady business expansion. The P/S ratio's movement reflects fluctuating investor sentiment and valuation multiples over time, with late-period volatility evident. The abrupt changes in sales per share and P/S ratio in 2024 suggest either extraordinary events, accounting changes, or data irregularities that merit further investigation to clarify their causes and implications.
Comparison to Competitors
Nike Inc., P/S, long-term trends, comparison to competitors
| Nike Inc. | lululemon athletica inc. | |
|---|---|---|
| Jul 25, 2024 | 195.86 | 6.27 |
| Jul 20, 2023 | 3.21 | 5.02 |
| Jul 21, 2022 | 3.75 | 7.03 |
| Jul 20, 2021 | 5.67 | 9.39 |
| Jul 24, 2020 | 4.11 | 6.57 |
| Jul 23, 2019 | 3.47 | 5.85 |
| Jul 25, 2018 | 3.39 | 4.02 |
| Jul 20, 2017 | 2.83 | 3.88 |
| Jul 21, 2016 | 2.95 | 4.52 |
| Jul 23, 2015 | 3.19 | 5.05 |
| Jul 25, 2014 | 2.43 | 4.68 |
| Jul 23, 2013 | 2.22 | 6.82 |
| Jul 24, 2012 | 1.76 | 10.89 |
| Jul 22, 2011 | 2.09 | 7.65 |
| Jul 20, 2010 | 1.77 | 6.13 |
| Jul 27, 2009 | 1.33 | 1.66 |
| Jul 28, 2008 | 1.51 | 8.16 |
| Jul 27, 2007 | 1.71 | — |
| Jul 28, 2006 | 1.36 | — |
| Jul 29, 2005 | 1.60 | — |
Based on: 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).
Comparison to Sector (Consumer Durables & Apparel)
Nike Inc., P/S, long-term trends, comparison to sector (consumer durables & apparel)
| Nike Inc. | Consumer Durables & Apparel | |
|---|---|---|
| Jul 25, 2024 | 195.86 | 165.95 |
| Jul 20, 2023 | 3.21 | 3.46 |
| Jul 21, 2022 | 3.75 | 4.14 |
| Jul 20, 2021 | 5.67 | 6.01 |
| Jul 24, 2020 | 4.11 | 4.34 |
| Jul 23, 2019 | 3.47 | 3.66 |
| Jul 25, 2018 | 3.39 | 3.44 |
| Jul 20, 2017 | 2.83 | 2.89 |
| Jul 21, 2016 | 2.95 | 3.05 |
| Jul 23, 2015 | 3.19 | 3.29 |
| Jul 25, 2014 | 2.43 | 2.55 |
| Jul 23, 2013 | 2.22 | 2.46 |
| Jul 24, 2012 | 1.76 | 2.12 |
| Jul 22, 2011 | 2.09 | 2.27 |
| Jul 20, 2010 | 1.77 | 1.88 |
| Jul 27, 2009 | 1.33 | 1.33 |
| Jul 28, 2008 | 1.51 | 1.60 |
| Jul 27, 2007 | 1.71 | 1.71 |
| Jul 28, 2006 | 1.36 | 1.36 |
| Jul 29, 2005 | 1.60 | 1.60 |
Based on: 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).
Comparison to Industry (Consumer Discretionary)
Nike Inc., P/S, long-term trends, comparison to industry (consumer discretionary)
| Nike Inc. | Consumer Discretionary | |
|---|---|---|
| Jul 25, 2024 | 195.86 | 9.87 |
| Jul 20, 2023 | 3.21 | 2.62 |
| Jul 21, 2022 | 3.75 | 2.27 |
| Jul 20, 2021 | 5.67 | 3.56 |
| Jul 24, 2020 | 4.11 | 3.77 |
| Jul 23, 2019 | 3.47 | 2.33 |
| Jul 25, 2018 | 3.39 | 2.05 |
| Jul 20, 2017 | 2.83 | 2.06 |
| Jul 21, 2016 | 2.95 | 1.68 |
| Jul 23, 2015 | 3.19 | 1.57 |
| Jul 25, 2014 | 2.43 | 1.32 |
| Jul 23, 2013 | 2.22 | 1.33 |
| Jul 24, 2012 | 1.76 | 1.06 |
| Jul 22, 2011 | 2.09 | 0.97 |
| Jul 20, 2010 | 1.77 | 0.96 |
| Jul 27, 2009 | 1.33 | 0.92 |
| Jul 28, 2008 | 1.51 | 0.66 |
| Jul 27, 2007 | 1.71 | 0.79 |
| Jul 28, 2006 | 1.36 | 0.86 |
| Jul 29, 2005 | 1.60 | 0.79 |
Based on: 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).