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Nike (BSP:NIKE34) Cyclically Adjusted Revenue per Share : R$14.31 (As of Feb. 2024)


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What is Nike Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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 for the three months ended in Feb. 2024 was R$4.039. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$14.31 for the trailing ten years ended in Feb. 2024.

During the past 12 months, Nike's average Cyclically Adjusted Revenue Growth Rate was 8.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 11.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Nike was 22.10% per year. The lowest was 8.20% per year. And the median was 10.10% per year.

As of today (2024-05-24), Nike's current stock price is R$47.12. Nike's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was R$14.31. Nike's Cyclically Adjusted PS Ratio of today is 3.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nike was 8.08. The lowest was 3.00. And the median was 4.41.


Nike Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Nike's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Nike Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.54 10.09 11.11 11.72 13.96

Nike Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Cyclically Adjusted Revenue per Share 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 13.87 13.96 14.13 13.95 14.31

Competitive Comparison of Nike's Cyclically Adjusted Revenue per Share

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 Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=4.039/130.9299*130.9299
=4.039

Current CPI (Feb. 2024) = 130.9299.

Nike Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 0.920 100.373 1.200
201408 1.022 100.352 1.333
201411 1.065 99.635 1.400
201502 1.189 99.032 1.572
201505 1.349 100.333 1.760
201508 1.686 100.548 2.195
201511 1.661 100.135 2.172
201602 1.833 100.040 2.399
201605 1.692 101.355 2.186
201608 1.701 101.617 2.192
201611 1.612 101.829 2.073
201702 1.553 102.779 1.978
201705 1.656 103.256 2.100
201708 1.703 103.587 2.153
201711 1.680 104.072 2.114
201802 1.799 105.052 2.242
201805 2.035 106.148 2.510
201808 2.394 106.383 2.946
201811 2.190 106.338 2.696
201902 2.224 106.649 2.730
201905 2.526 108.048 3.061
201908 2.684 108.245 3.246
201911 2.691 108.519 3.247
202002 2.760 109.139 3.311
202005 2.250 108.175 2.723
202008 3.636 109.662 4.341
202011 3.806 109.793 4.539
202102 3.467 110.968 4.091
202105 4.038 113.576 4.655
202108 3.969 115.421 4.502
202111 3.909 117.269 4.364
202202 3.509 119.703 3.838
202205 3.804 123.323 4.039
202208 4.113 124.958 4.310
202211 4.461 125.607 4.650
202302 4.102 126.928 4.231
202305 4.106 128.314 4.190
202308 4.109 129.538 4.153
202311 4.280 129.548 4.326
202402 4.039 130.930 4.039

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


Nike  (BSP:NIKE34) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=47.12/14.31
=3.29

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nike was 8.08. The lowest was 3.00. And the median was 4.41.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Nike Cyclically Adjusted Revenue per Share Related Terms

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


Nike (BSP:NIKE34) 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, 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.

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