Question 1

What is NIKE's P/FCF ratio?

Accepted Answer

NIKE (NKE) P/FCF ratio is 60.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. 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 P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for NIKE?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For NIKE specifically, the relevant sector benchmark is the current sector median of 17.8×.

Question 5

Is NIKE's P/FCF ratio high or low?

Accepted Answer

NIKE's P/FCF ratio of 60.7× is above its own 5-year average of 39.4× and above the sector median of 17.8×. That places the current reading at the 91th 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 P/FCF ratio range?

Accepted Answer

In the available daily series, NIKE (NKE) P/FCF ratio has ranged from a low of 12.1× in 2010 to a high of 114.3× in 2023. The 5-year average is 39.4× and the 5-year median is 36.8×.

Question 7

What was NIKE's P/FCF ratio in 2025?

Accepted Answer

NIKE (NKE) P/FCF ratio at the end of 2025 was 27.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does NIKE's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). 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.


2025	$89.47B	$3.27B	27.4×	+5.6×	May 31, 2025
2024	$144.02B	$6.62B	21.8×	-11.4×	May 31, 2024
2023	$161.73B	$4.87B	33.2×	-9.0×	May 31, 2023
2022	$186.83B	$4.43B	42.2×	+6.6×	May 31, 2022
2021	$212.39B	$5.96B	35.6×	-75.1×	May 31, 2021
2020	$154.85B	$1.40B	110.7×	+85.4×	May 31, 2020
2019	$121.13B	$4.78B	25.3×	-4.0×	May 31, 2019
2018	$115.29B	$3.93B	29.4×	-5.1×	May 31, 2018
2017	$87.27B	$2.54B	34.4×	-13.1×	May 31, 2017
2016	$92.90B	$1.95B	47.6×	+24.1×	May 31, 2016
2015	$87.26B	$3.72B	23.5×	-8.2×	May 31, 2015
2014	$67.21B	$2.12B	31.7×	+8.6×	May 31, 2014
2013	$55.04B	$2.39B	23.0×	-15.1×	May 31, 2013
2012	$49.57B	$1.30B	38.1×	+9.6×	May 31, 2012
2011	$39.26B	$1.38B	28.5×	+16.4×	May 31, 2011
2010	$34.15B	$2.83B	12.1×	-10.3×	May 31, 2010
2009	$28.67B	$1.28B	22.4×	-0.0×	May 31, 2009
2008	$33.30B	$1.49B	22.4×	+4.3×	May 31, 2008
2007	$28.37B	$1.57B	18.1×	+2.9×	May 31, 2007
2006	$20.33B	$1.33B	15.2×	-1.0×	May 31, 2006
2005	$21.40B	$1.31B	16.3×	+1.9×	May 31, 2005
2004	$18.66B	$1.30B	14.4×	-5.8×	May 31, 2004
2003	$14.75B	$731.50M	20.2×	+2.2×	May 31, 2003
2002	$14.31B	$798.70M	17.9×	—	May 31, 2002


DraftKings (DKNG)	15.5×
Avery Dennison (AVY)	15.2×
Wynn Resorts (WYNN)	15.1×
NVR (NVR)	14.9×
Booking Holdings (BKNG)	14.7×
Carnival Corporation (CCL)	14.6×
PulteGroup (PHM)	13.7×
Masco (MAS)	13.0×
V.F. (VFC)	12.6×
Deckers Outdoor (DECK)	12.0×
Lululemon Athletica (LULU)	11.6×
D.R. Horton (DHI)	11.3×
Toll Brothers (TOL)	11.1×
LKQ (LKQ)	9.3×
Hasbro (HAS)	9.3×
Mohawk Industries (MHK)	8.4×
MercadoLibre (MELI)	8.2×
Best Buy Co. (BBY)	7.9×
Etsy (ETSY)	7.2×
Leggett & Platt (LEG)	6.6×
Weyco Group (WEYS)	6.2×
Expedia Group (EXPE)	6.0×
General Motors (GM)	5.5×
MGM Resorts (MGM)	5.5×
Ford Motor (F)	3.9×

P/FCF Ratio for NIKE (NKE)

P/FCF Ratio daily chart for NIKE (NKE)

Historical P/FCF Ratio for NIKE (NKE) from 2002 to 2025

About P/FCF Ratio at NIKE (NKE)

NIKE P/FCF Ratio by Year

NIKE P/FCF Ratio 2025: 27.4×

NIKE P/FCF Ratio 2024: 21.8×

NIKE P/FCF Ratio 2023: 33.2×

NIKE P/FCF Ratio 2022: 42.2×

NIKE P/FCF Ratio 2021: 35.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

NIKE (NKE) Key Financials

P/FCF Ratio daily chart for NIKE (NKE)

Historical P/FCF Ratio for NIKE (NKE) from 2002 to 2025

About P/FCF Ratio at NIKE (NKE)

NIKE P/FCF Ratio by Year

NIKE P/FCF Ratio 2025: 27.4×

NIKE P/FCF Ratio 2024: 21.8×

NIKE P/FCF Ratio 2023: 33.2×

NIKE P/FCF Ratio 2022: 42.2×

NIKE P/FCF Ratio 2021: 35.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is NIKE's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for NIKE?

+Is NIKE's P/FCF ratio high or low?

+What is NIKE's historical P/FCF ratio range?

+What was NIKE's P/FCF ratio in 2025?

+Why does NIKE's P/FCF ratio change over time?

NIKE (NKE) Key Financials