Question 1

What is NIKE's P/B ratio?

Accepted Answer

NIKE (NKE) P/B ratio is 4.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for NIKE?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For NIKE specifically, the relevant sector benchmark is the current sector median of 4.2×.

Question 5

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

Accepted Answer

NIKE's P/B ratio of 4.5× is below its own 5-year average of 11.2× and above the sector median of 4.2×. That places the current reading at the 1th 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/B ratio range?

Accepted Answer

In the available daily series, NIKE (NKE) P/B ratio has ranged from a low of 2.4× in 2009 to a high of 22.0× in 2021. The 5-year average is 11.2× and the 5-year median is 11.2×.

Question 7

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

Accepted Answer

NIKE (NKE) P/B ratio at the end of 2025 was 6.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$13.21B	6.8×	-3.2×	May 31, 2025
2024	$144.02B	$14.43B	10.0×	-1.6×	May 31, 2024
2023	$161.73B	$14.00B	11.5×	-0.7×	May 31, 2023
2022	$186.83B	$15.28B	12.2×	-4.4×	May 31, 2022
2021	$212.39B	$12.77B	16.6×	-2.6×	May 31, 2021
2020	$154.85B	$8.05B	19.2×	+5.8×	May 31, 2020
2019	$121.13B	$9.04B	13.4×	+1.6×	May 31, 2019
2018	$115.29B	$9.81B	11.7×	+4.7×	May 31, 2018
2017	$87.27B	$12.41B	7.0×	-0.5×	May 31, 2017
2016	$92.90B	$12.26B	7.6×	+0.7×	May 31, 2016
2015	$87.26B	$12.71B	6.9×	+0.7×	May 31, 2015
2014	$67.21B	$10.82B	6.2×	+1.2×	May 31, 2014
2013	$55.04B	$11.08B	5.0×	+0.2×	May 31, 2013
2012	$49.57B	$10.38B	4.8×	+0.8×	May 31, 2012
2011	$39.26B	$9.84B	4.0×	+0.5×	May 31, 2011
2010	$34.15B	$9.75B	3.5×	+0.2×	May 31, 2010
2009	$28.67B	$8.69B	3.3×	-1.0×	May 31, 2009
2008	$33.30B	$7.83B	4.3×	+0.2×	May 31, 2008
2007	$28.37B	$7.03B	4.0×	+0.8×	May 31, 2007
2006	$20.33B	$6.29B	3.2×	-0.6×	May 31, 2006
2005	$21.40B	$5.64B	3.8×	-0.1×	May 31, 2005
2004	$18.66B	$4.78B	3.9×	+0.2×	May 31, 2004
2003	$14.75B	$3.99B	3.7×	-0.0×	May 31, 2003
2002	$14.31B	$3.84B	3.7×	—	May 31, 2002


V.F. (VFC)	3.5×
Carnival Corporation (CCL)	3.3×
Genuine Parts (GPC)	3.3×
Lululemon Athletica (LULU)	3.1×
Ball (BALL)	2.8×
PDD Holdings (PDD)	2.3×
GameStop (GME)	2.0×
XPeng (XPEV)	2.0×
Alibaba (BABA)	1.9×
Li Auto (LI)	1.8×
PulteGroup (PHM)	1.7×
Amcor (AMCR)	1.7×
D.R. Horton (DHI)	1.7×
Toll Brothers (TOL)	1.6×
Lucid Group (LCID)	1.5×
Sonoco Products (SON)	1.5×
Leggett & Platt (LEG)	1.3×
International Paper (IP)	1.3×
Lennar (LEN)	1.3×
Weyco Group (WEYS)	1.2×
Ford Motor (F)	1.2×
LKQ (LKQ)	1.2×
Smurfit Westrock (SW)	1.1×
General Motors (GM)	1.1×
Mohawk Industries (MHK)	0.7×

P/B Ratio for NIKE (NKE)

P/B Ratio daily chart for NIKE (NKE)

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

About P/B Ratio at NIKE (NKE)

NIKE P/B Ratio by Year

NIKE P/B Ratio 2025: 6.8×

NIKE P/B Ratio 2024: 10.0×

NIKE P/B Ratio 2023: 11.5×

NIKE P/B Ratio 2022: 12.2×

NIKE P/B Ratio 2021: 16.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

NIKE (NKE) Key Financials

P/B Ratio daily chart for NIKE (NKE)

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

About P/B Ratio at NIKE (NKE)

NIKE P/B Ratio by Year

NIKE P/B Ratio 2025: 6.8×

NIKE P/B Ratio 2024: 10.0×

NIKE P/B Ratio 2023: 11.5×

NIKE P/B Ratio 2022: 12.2×

NIKE P/B Ratio 2021: 16.6×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is NIKE's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

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

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

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

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

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

NIKE (NKE) Key Financials