NKE NIKE PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NYSE: NKE
- PE Ratio
As of May 23, 2025, the NKE stock has a PE ratio of 19.87. The calculation is based on the latest EPS of $3.02 and the stock price of $60.02 per share. A decrease of 20% has been observed in the PE ratio compared to its average of 24.9 of the past four quarters.
NKE PE ratio history
The mean historical PE ratio of NIKE over the last ten years is 36.16. The current 19.87 price-to-earnings ratio is 45% less than the historical average. Analyzing the last ten years, NKE's PE ratio reached its highest point in the Nov 2020 quarter at 74.42, with a price of $134.7 and an EPS of $1.81. The May 2017 quarter saw the lowest point at 20.7, with a price of $52.99 and an EPS of $2.56.
NIKE PE ratio by year
Maximum annual increase: 191.5% in 2018
Maximum annual decrease: -49.87% in 2019
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 25.28 | -21.47% | $95.05 | $3.76 |
| 2023 | 32.19 | 3.74% | $105.26 | $3.27 |
| 2022 | 31.03 | -17.23% | $118.85 | $3.83 |
| 2021 | 37.49 | -38.01% | $136.46 | $3.64 |
| 2020 | 60.48 | 99.93% | $98.58 | $1.63 |
| 2019 | 30.25 | -49.87% | $77.14 | $2.55 |
| 2018 | 60.34 | 191.5% | $71.8 | $1.19 |
| 2017 | 20.7 | -17.17% | $52.99 | $2.56 |
| 2016 | 24.99 | -6.61% | $55.22 | $2.21 |
| 2015 | 26.76 | 5.77% | $50.84 | $1.9 |
| 2014 | 25.3 | 13.25% | $38.46 | $1.52 |
| 2013 | 22.34 | 1.59% | $30.83 | $1.38 |
| 2012 | 21.99 | 18.74% | $27.05 | $1.23 |
| 2011 | 18.52 | 0.33% | $21.11 | $1.14 |
| 2010 | 18.46 | -0.32% | $18.1 | $0.98 |
NIKE PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Feb 2025 | 26.3 | 8.5% | $79.43 | $3.02 |
| Nov 2024 | 24.24 | 2.11% | $78.77 | $3.25 |
| Aug 2024 | 23.74 | -6.09% | $83.32 | $3.51 |
| May 2024 | 25.28 | -16.32% | $95.05 | $3.76 |
| Feb 2024 | 30.21 | -4.94% | $103.93 | $3.44 |
| Nov 2023 | 31.78 | 2.48% | $110.27 | $3.47 |
| Aug 2023 | 31.01 | -3.67% | $101.71 | $3.28 |
| May 2023 | 32.19 | -4.88% | $105.26 | $3.27 |
| Feb 2023 | 33.84 | 10.77% | $118.79 | $3.51 |
| Nov 2022 | 30.55 | 2.76% | $109.69 | $3.59 |
| Aug 2022 | 29.73 | -4.19% | $106.45 | $3.58 |
| May 2022 | 31.03 | -12.3% | $118.85 | $3.83 |
| Feb 2022 | 35.38 | -18.46% | $136.55 | $3.86 |
| Nov 2021 | 43.39 | 1.66% | $169.24 | $3.9 |
| Aug 2021 | 42.68 | 13.84% | $164.74 | $3.86 |
NKE Price vs fair value
You can ether set your own Fair P/E multiple or use one of the automatically calculated Fair P/E multiples.
Fair P/E calculation
PE Ratio is an attempt to estimate a fair PE ratio of a stock based on its earnings and growth rate.
This formula is a modified version of the classic Graham-Dodd Formula (V= EPS x (8.5+2g)), originally developed by Benjamin Graham, to calculate the fair price of a stock based on its earnings and growth rate.
The formula we have created is an adaptation of this approach, designed to maintain a balance between simplicity and growth sensitivity.
It is calculated using the following formula:
IF g < 5: Fair PE = b
IF g >= 5: Fair PE = m × g
Here’s what each part of the formula means:
g: Growth is calculated as the average of the three-year average EPS growth rate and the one-year EPS growth rate (annually). This approach provides a balanced measure of growth by factoring in both the long-term growth trend and the most recent annual growth performance. If one of the growth metrics is not available, the remaining metric is used to determine growth. The fair P/E value is capped at 100 to prevent distortions caused by extreme EPS growth rates, such as those resulting from large percentage increases from a low base.
m: This is the long term historical median PEG (Price/Earnings to Growth) ratio of the overall market. It serves as a benchmark, adjusting the Fair PE based on typical market conditions.
b: Base PE (static value set to 8). If the company's growth rate is less than 5, the Fair PE is set at a conservative baseline of 8. This is because declining companies generally deserve a lower PE ratio.
Fixed vs Dynamic
Fixed: The Fair PE ratio for all data points is calculated using a single, constant average EPS growth rate, determined based on the most recent period. This means that the same growth rate is applied to all historical data points. Dynamic: The Fair PE ratio for each historical data point is calculated using the trailing average EPS growth rate specific to that point in time. This means that for each data point, the corresponding trailing EPS growth rate is used, ensuring that the Fair PE ratio reflects the growth conditions that were relevant at that specific point in history.
NKE average PE ratio chart
Currently, NKE's PE ratio is under its 3, 5 and 10-year averages.
NKE PE vs peers
NKE's PE ratio is above its peer stocks DECK and SKX. NIKE is currently trading at a higher PE ratio (19.87) than its peers average of 11.92.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CROX Crocs Inc | 6.63 | $6.07B |
| SHOO Steven Madden Ltd | 10.45 | $1.78B |
| SKX Skechers Usa Inc | 14.7 | $9.26B |
| DECK Deckers Outdoor Corp | 15.89 | $15.1B |
| NKE NIKE Inc | 19.87 | $88.59B |
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Frequently asked questions
What is NIKE's PE ratio?
NKE's price to earnings ratio is 19.87 as of May 23, 2025.
What is the 3-year average PE ratio for NIKE (NKE)?
Over the last 3 years, the average PE ratio for NKE stock is 29.16.
What is the 5-year average PE ratio for NIKE (NKE)?
Over the last 5 years, the average PE ratio for NKE stock is 38.52.
What is the highest PE ratio for NKE?
Over the last ten years, the Nov 2020 quarter recorded the highest quarterly PE ratio at 74.42.
How does the current PE ratio for NKE compare to its historical average?
NKE's current price to earnings ratio is 45% below its 10-year historical average.
How is NKE's PE ratio calculated (NIKE PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 23, 2025), NIKE's share price is $60.02. The company's earnings per share for the trailing twelve months (TTM) ending Feb 2025 is $3.02. Therefore, NIKE's price to earnings ratio for today is 19.87. PE RATIO(19.87) = STOCK PRICE($60.02) / TTM EPS($3.02)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.