Question 1

What is NIKE's P/E ratio?

Accepted Answer

NIKE (NKE) P/E ratio is 28.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for NIKE?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For NIKE specifically, the relevant sector benchmark is the current sector median of 21.9×.

Question 5

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

Accepted Answer

NIKE's P/E ratio of 28.3× is below its own 5-year average of 32.7× and above the sector median of 21.9×. That places the current reading at the 33th 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/E ratio range?

Accepted Answer

In the available daily series, NIKE (NKE) P/E ratio has ranged from a low of 12.3× in 2009 to a high of 76.3× in 2021. The 5-year average is 32.7× and the 5-year median is 31.5×.

Question 7

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

Accepted Answer

NIKE (NKE) P/E ratio at the end of 2025 was 27.8×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$3.22B	27.8×	+2.5×	May 31, 2025
2024	$144.02B	$5.70B	25.3×	-6.6×	May 31, 2024
2023	$161.73B	$5.07B	31.9×	+1.0×	May 31, 2023
2022	$186.83B	$6.05B	30.9×	-6.2×	May 31, 2022
2021	$212.39B	$5.73B	37.1×	-23.9×	May 31, 2021
2020	$154.85B	$2.54B	61.0×	+30.9×	May 31, 2020
2019	$121.13B	$4.03B	30.1×	-29.6×	May 31, 2019
2018	$115.29B	$1.93B	59.6×	+39.1×	May 31, 2018
2017	$87.27B	$4.24B	20.6×	-4.1×	May 31, 2017
2016	$92.90B	$3.76B	24.7×	-2.0×	May 31, 2016
2015	$87.26B	$3.27B	26.7×	+1.6×	May 31, 2015
2014	$67.21B	$2.69B	25.0×	+2.9×	May 31, 2014
2013	$55.04B	$2.48B	22.1×	-0.1×	May 31, 2013
2012	$49.57B	$2.22B	22.3×	+3.9×	May 31, 2012
2011	$39.26B	$2.13B	18.4×	+0.5×	May 31, 2011
2010	$34.15B	$1.91B	17.9×	-1.4×	May 31, 2010
2009	$28.67B	$1.49B	19.3×	+1.6×	May 31, 2009
2008	$33.30B	$1.88B	17.7×	-1.3×	May 31, 2008
2007	$28.37B	$1.49B	19.0×	+4.4×	May 31, 2007
2006	$20.33B	$1.39B	14.6×	-3.1×	May 31, 2006
2005	$21.40B	$1.21B	17.7×	-2.1×	May 31, 2005
2004	$18.66B	$945.60M	19.7×	-11.4×	May 31, 2004
2003	$14.75B	$474.00M	31.1×	+9.5×	May 31, 2003
2002	$14.31B	$663.20M	21.6×	—	May 31, 2002


Las Vegas Sands (LVS)	19.6×
Avery Dennison (AVY)	19.3×
Williams-Sonoma (WSM)	19.1×
Expedia Group (EXPE)	18.9×
Etsy (ETSY)	16.9×
Ball (BALL)	16.8×
Royal Caribbean Cruises (RCL)	16.6×
Lennar (LEN)	15.6×
GameStop (GME)	15.6×
Norwegian Cruise Line (NCLH)	15.0×
NVR (NVR)	14.8×
Masco (MAS)	14.6×
LKQ (LKQ)	14.5×
Mohawk Industries (MHK)	14.3×
Carnival Corporation (CCL)	14.0×
Deckers Outdoor (DECK)	13.8×
Weyco Group (WEYS)	12.8×
D.R. Horton (DHI)	12.5×
Best Buy Co. (BBY)	11.1×
PulteGroup (PHM)	11.0×
PDD Holdings (PDD)	10.7×
Toll Brothers (TOL)	10.5×
Lululemon Athletica (LULU)	10.2×
Leggett & Platt (LEG)	6.1×
Sonoco Products (SON)	5.1×

P/E Ratio for NIKE (NKE)

P/E Ratio daily chart for NIKE (NKE)

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

About P/E Ratio at NIKE (NKE)

NIKE P/E Ratio by Year

NIKE P/E Ratio 2025: 27.8×

NIKE P/E Ratio 2024: 25.3×

NIKE P/E Ratio 2023: 31.9×

NIKE P/E Ratio 2022: 30.9×

NIKE P/E Ratio 2021: 37.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

NIKE (NKE) Key Financials

P/E Ratio daily chart for NIKE (NKE)

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

About P/E Ratio at NIKE (NKE)

NIKE P/E Ratio by Year

NIKE P/E Ratio 2025: 27.8×

NIKE P/E Ratio 2024: 25.3×

NIKE P/E Ratio 2023: 31.9×

NIKE P/E Ratio 2022: 30.9×

NIKE P/E Ratio 2021: 37.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is NIKE's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

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

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

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

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

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

NIKE (NKE) Key Financials