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Nike (NKE) Cyclically Adjusted Book per Share : $9.17 (As of May. 2025)


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What is Nike Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Nike's adjusted book value per share for the three months ended in May. 2025 was $8.952. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $9.17 for the trailing ten years ended in May. 2025.

During the past 12 months, Nike's average Cyclically Adjusted Book Growth Rate was -100.00% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Nike was 14.90% per year. The lowest was 3.00% per year. And the median was 10.90% per year.

As of today (2025-07-19), Nike's current stock price is $72.47. Nike's Cyclically Adjusted Book per Share for the quarter that ended in May. 2025 was $9.17. Nike's Cyclically Adjusted PB Ratio of today is 7.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nike was 24.15. The lowest was 5.94. And the median was 11.92.


Nike Cyclically Adjusted Book per Share Historical Data

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

Nike Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.17 8.06 8.59 8.98 9.17

Nike Quarterly Data
Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25
Cyclically Adjusted Book 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 8.98 9.02 9.05 9.15 9.17

Competitive Comparison of Nike's Cyclically Adjusted Book per Share

For the Footwear & Accessories subindustry, Nike's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

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


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Nike Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

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

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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 Book Value per Share data for the three months ended in May. 2025 was:

Adj_Book= Book Value per Share /CPI of May. 2025 (Change)*Current CPI (May. 2025)
=8.952/135.3468*135.3468
=8.952

Current CPI (May. 2025) = 135.3468.

Nike Quarterly Data

Book Value per Share CPI Adj_Book
201508 7.549 100.548 10.162
201511 7.853 100.135 10.614
201602 7.300 100.040 9.876
201605 7.288 101.355 9.732
201608 7.293 101.617 9.714
201611 7.441 101.829 9.890
201702 7.701 102.779 10.141
201705 7.551 103.256 9.898
201708 7.326 103.587 9.572
201711 7.240 104.072 9.416
201802 6.069 105.052 7.819
201805 6.129 106.148 7.815
201808 5.659 106.383 7.200
201811 5.535 106.338 7.045
201902 5.697 106.649 7.230
201905 5.765 108.048 7.222
201908 5.897 108.245 7.373
201911 5.998 108.519 7.481
202002 5.817 109.139 7.214
202005 5.170 108.175 6.469
202008 5.894 109.662 7.274
202011 6.756 109.793 8.328
202102 7.556 110.968 9.216
202105 8.091 113.576 9.642
202108 9.061 115.421 10.625
202111 9.428 117.269 10.881
202202 9.397 119.703 10.625
202205 9.727 123.323 10.675
202208 10.116 124.958 10.957
202211 9.853 125.607 10.617
202302 9.436 126.928 10.062
202305 9.141 128.314 9.642
202308 9.167 129.538 9.578
202311 9.326 129.548 9.743
202402 9.416 130.930 9.734
202405 9.601 132.509 9.807
202408 9.353 132.816 9.531
202411 9.472 133.110 9.631
202502 9.484 134.624 9.535
202505 8.952 135.347 8.952

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Nike  (NYSE:NKE) Cyclically Adjusted Book per Share Explanation

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

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Nike's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=72.47/9.17
=7.90

* 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 PB Ratio of Nike was 24.15. The lowest was 5.94. And the median was 11.92.


Be Aware

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


Nike Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Nike's Cyclically Adjusted Book per Share 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.
Executives
Mark G Parker officer: President ONE BOWERMAN DR, BEAVERTON OR 97005
Johanna Nielsen officer: VP: CORP CONTROLLER ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Robert Holmes Swan director C/O EBAY INC., 2025 HAMILTON AVENUE, SAN JOSE CA 95125
Heidi O'neill officer: PRES: CONSUMER AND MKTPLC C/O SKULLCANDY, INC., 1441 WEST UTE BOULEVARD, SUITE 250, PARK CITY UT 84098
Rogers John W Jr director ARIEL CAPITAL MANAGEMENT, INC., 200 EAST RANDOLPH DRIVE, SUITE 2900, CHICAGO IL 60601
Matthew Friend officer: EVP: CFO ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Monique S. Matheson officer: EVP: HR ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Craig A. Williams officer: PRES: GEOGRAPHIES & MRKTPLACE 1680 CAPITAL ONE DR., MCLEAN VA 22102
Maria Henry director C/O THE HILLSHIRE BRANDS COMPANY, 3500 LACEY ROAD, DOWNERS GROVE IL 60515
Peter B. Henry director C/O NEW YORK UNIVERSITY/KAUFMAN MGT CNT, 44 WEST 4TH STREET, SUITE 11-160, NEW YORK CITY NY 10012
Monica Gil director ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Andrew Campion officer: EVP: CFO, other: EVP: CFO ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Ann M Miller officer: EVP & General Counsel ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Hilary K Krane officer: VP General Counsel ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Elizabeth J Comstock director GENERAL ELECTRIC COMPANY, 41 FARNSWORTH STREET, BOSTON MA 02210