Question 1

What is NIKE's EV/EBITDA ratio?

Accepted Answer

NIKE (NKE) EV/EBITDA ratio is 14.3× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for NIKE?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For NIKE specifically, the relevant sector benchmark is the current sector median of 13.4×.

Question 5

Is NIKE's EV/EBITDA ratio high or low?

Accepted Answer

NIKE's EV/EBITDA ratio of 14.3× is below its own 5-year average of 22.7× and above the sector median of 13.4×. That places the current reading at the 3th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is NIKE's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, NIKE (NKE) EV/EBITDA ratio has ranged from a low of 6.6× in 2009 to a high of 43.6× in 2021. The 5-year average is 22.7× and the 5-year median is 22.3×.

Question 7

What was NIKE's EV/EBITDA ratio in 2026?

Accepted Answer

NIKE (NKE) EV/EBITDA ratio at the end of 2026 was 15.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does NIKE's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$68.1B	$4.51B	15.6×	-2.8×	May 31, 2026
2025	$89.5B	$4.98B	18.3×	-0.2×	May 31, 2025
2024	$144B	$7.81B	18.5×	-3.7×	May 31, 2024
2023	$162B	$7.34B	22.2×	-1.7×	May 31, 2023
2022	$187B	$7.79B	24.0×	-3.4×	May 31, 2022
2021	$212B	$7.73B	27.4×	-10.2×	May 31, 2021
2020	$155B	$4.23B	37.6×	+15.7×	May 31, 2020
2019	$121B	$5.49B	21.8×	+0.0×	May 31, 2019
2018	$115B	$5.22B	21.8×	+6.3×	May 31, 2018
2017	$87.3B	$5.47B	15.5×	-1.8×	May 31, 2017
2016	$92.9B	$5.16B	17.3×	+0.2×	May 31, 2016
2015	$87.3B	$4.82B	17.1×	+2.2×	May 31, 2015
2014	$67.2B	$4.26B	14.9×	+1.5×	May 31, 2014
2013	$55B	$3.77B	13.4×	+0.2×	May 31, 2013
2012	$49.6B	$3.49B	13.2×	+2.3×	May 31, 2012
2011	$39.3B	$3.25B	10.9×	+0.6×	May 31, 2011
2010	$34.1B	$2.88B	10.3×	+1.1×	May 31, 2010
2009	$28.7B	$2.84B	9.2×	-2.1×	May 31, 2009
2008	$33.3B	$2.76B	11.3×	+0.5×	May 31, 2008
2007	$28.4B	$2.4B	10.8×	+3.0×	May 31, 2007
2006	$20.3B	$2.4B	7.8×	-1.5×	May 31, 2006
2005	$21.4B	$2.18B	9.3×	-0.5×	May 31, 2005
2004	$18.7B	$1.86B	9.8×	-0.1×	May 31, 2004
2003	$14.7B	$1.51B	9.9×	-1.3×	May 31, 2003
2002	$14.3B	$1.32B	11.2×	—	May 31, 2002


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Packaging Corporation of America (PKG)	12.2×
Avery Dennison (AVY)	11.9×
Wynn Resorts (WYNN)	11.7×
Williams-Sonoma (WSM)	11.7×
Amcor (AMCR)	11.6×
Lennar (LEN)	11.2×
GameStop (GME)	11.0×
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Hasbro (HAS)	10.7×
NVR (NVR)	10.6×
Norwegian Cruise Line (NCLH)	9.9×
LKQ (LKQ)	9.0×
Deckers Outdoor (DECK)	9.0×
Carnival Corporation (CCL)	8.7×
Toll Brothers (TOL)	8.6×
Smurfit Westrock (SW)	8.3×
Expedia Group (EXPE)	8.0×
Mohawk Industries (MHK)	6.4×
General Motors (GM)	6.3×
Best Buy Co. (BBY)	6.2×
Weyco Group (WEYS)	6.2×
Lululemon Athletica (LULU)	6.0×
Leggett & Platt (LEG)	5.4×
PDD Holdings (PDD)	3.6×

EV/EBITDA for NIKE (NKE) 2002-2026

EV/EBITDA daily chart for NIKE (NKE)

Historical EV/EBITDA for NIKE (NKE) from 2002 to 2026

About EV/EBITDA at NIKE (NKE)

NIKE EV/EBITDA by Year

NIKE EV/EBITDA 2026: 15.6×

NIKE EV/EBITDA 2025: 18.3×

NIKE EV/EBITDA 2024: 18.5×

NIKE EV/EBITDA 2023: 22.2×

NIKE EV/EBITDA 2022: 24.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

NIKE (NKE) Key Financials