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Nike (UKEX:NKE) Cyclically Adjusted PS Ratio : 2.82 (As of Oct. 31, 2024)


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What is Nike Cyclically Adjusted PS Ratio?

As of today (2024-10-31), Nike's current share price is ₴4030.00. Nike's Cyclically Adjusted Revenue per Share for the quarter that ended in Aug. 2024 was ₴1,431.20. Nike's Cyclically Adjusted PS Ratio for today is 2.82.

The historical rank and industry rank for Nike's Cyclically Adjusted PS Ratio or its related term are showing as below:

UKEX:NKE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.47   Med: 4.54   Max: 8.08
Current: 2.58

During the past years, Nike's highest Cyclically Adjusted PS Ratio was 8.08. The lowest was 2.47. And the median was 4.54.

UKEX:NKE's Cyclically Adjusted PS Ratio is ranked worse than
84.09% of 811 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.72 vs UKEX:NKE: 2.58

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Nike's adjusted revenue per share data for the three months ended in Aug. 2024 was ₴317.812. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ₴1,431.20 for the trailing ten years ended in Aug. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Nike Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Nike's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nike Cyclically Adjusted PS Ratio Chart

Nike Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.22 6.38 4.83 3.88 3.24

Nike Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.67 3.92 3.62 3.24 2.82

Competitive Comparison of Nike's Cyclically Adjusted PS Ratio

For the Footwear & Accessories subindustry, Nike's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nike's Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Nike's Cyclically Adjusted PS Ratio falls into.



Nike Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Nike's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4030.00/1431.2
=2.82

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Nike's Cyclically Adjusted Revenue per Share for the quarter that ended in Aug. 2024 is calculated as:

For example, Nike's adjusted Revenue per Share data for the three months ended in Aug. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Aug. 2024 (Change)*Current CPI (Aug. 2024)
=317.812/132.8158*132.8158
=317.812

Current CPI (Aug. 2024) = 132.8158.

Nike Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201411 171.781 99.635 228.989
201502 173.830 99.032 233.131
201505 181.829 100.333 240.697
201508 197.535 100.548 260.928
201511 180.763 100.135 239.759
201602 190.434 100.040 252.826
201605 196.911 101.355 258.032
201608 218.401 101.617 285.456
201611 198.994 101.829 259.547
201702 205.964 102.779 266.157
201705 212.895 103.256 273.843
201708 222.790 103.587 285.654
201711 212.139 104.072 270.729
201802 227.936 105.052 288.176
201805 230.842 106.148 288.838
201808 250.710 106.383 313.003
201811 238.241 106.338 297.564
201902 245.949 106.649 306.294
201905 260.693 108.048 320.452
201908 274.860 108.245 337.252
201911 266.765 108.519 326.493
202002 261.489 109.139 318.217
202005 164.308 108.175 201.734
202008 273.878 109.662 331.703
202011 287.731 109.793 348.065
202102 263.843 110.968 315.788
202105 314.695 113.576 368.004
202108 311.496 115.421 358.441
202111 289.228 117.269 327.572
202202 278.003 119.703 308.457
202205 315.780 123.323 340.088
202208 329.538 124.958 350.261
202211 348.797 125.607 368.814
202302 326.142 126.928 341.272
202305 339.502 128.314 351.412
202308 345.339 129.538 354.079
202311 359.934 129.548 369.013
202402 335.378 130.930 340.209
202405 342.329 132.509 343.121
202408 317.812 132.816 317.812

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Nike  (UKEX:NKE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Nike Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Nike's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nike Business Description

Address
One Bowerman Drive, Beaverton, OR, USA, 97005-6453
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.