Nike (WAR:NIKE) Cyclically Adjusted Book per Share: zł36.17 (As of May. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

WAR:NIKE Nike Inc WAR:NIKE
60 GF Score
Price zł161.00
GF Value zł279.01
Valuation Significantly Undervalued
! 6 Warning Signs
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What is Nike Cyclically Adjusted Book per Share?

Nike WAR:NIKE -1.03% 60 Cyclically Adjusted Book per Share is zł36.17 as of May. 2026. GuruFocus rates WAR:NIKE with a GF Score™ of 60/100 and a GF Value™ of zł279.01 (Significantly Undervalued). The stock has 6 warning signs investors should review.

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. 2026 was zł37.282. 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 zł36.17 for the trailing ten years ended in May. 2026.

During the past 12 months, Nike's average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 5.40% 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 14.10% per year. The lowest was 3.00% per year. And the median was 10.65% per year.

As of today (2026-08-05), Nike's current stock price is zł161.00. Nike's Cyclically Adjusted Book per Share for the quarter that ended in May. 2026 was zł36.17. Nike's Cyclically Adjusted PB Ratio of today is 4.45.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Nike was 24.15. The lowest was 4.29. And the median was 11.69.


Nike  (WAR:NIKE) 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
=161.00/36.17
=4.45

* 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 4.29. And the median was 11.69.


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


Nike Cyclically Adjusted Book per Share Historical Data

* Premium members only.

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.

Nike Cyclically Adjusted Book per Share Chart

Nike Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 36.75 36.17

Nike Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 36.75 34.48 33.99 33.28 36.17

WAR:NIKE vs DECK, ONON, BIRK: Cyclically Adjusted Book per Share Comparison

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 Cyclically Adjusted PB Ratio vs 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.


WAR:NIKE
60GF Score
Nike Inc WAR:NIKE
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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. 2026 was:

Adj_Book= Book Value per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=37.282/335.1230*335.1230
=37.282

Current CPI (May. 2026) = 335.1230.

Nike Quarterly Data

Book Value per Share CPI Adj_Book
201608 27.136 240.849 37.758
201611 27.687 241.353 38.444
201702 28.653 243.603 39.418
201705 28.097 244.733 38.474
201708 27.259 245.519 37.207
201711 26.938 246.669 36.598
201802 22.581 248.991 30.392
201805 22.803 251.588 30.374
201808 21.055 252.146 27.984
201811 20.595 252.038 27.384
201902 21.196 252.776 28.101
201905 21.451 256.092 28.071
201908 21.943 256.558 28.663
201911 22.317 257.208 29.077
202002 21.642 258.678 28.038
202005 19.236 256.394 25.143
202008 21.929 259.918 28.274
202011 25.135 260.229 32.369
202102 28.114 263.014 35.822
202105 30.103 269.195 37.475
202108 33.712 273.567 41.298
202111 35.077 277.948 42.292
202202 34.962 283.716 41.297
202205 36.191 292.296 41.494
202208 37.640 296.171 42.590
202211 36.660 297.711 41.267
202302 35.107 300.840 39.108
202305 34.011 304.127 37.477
202308 34.109 307.026 37.230
202311 34.698 307.051 37.870
202402 35.033 310.326 37.832
202405 35.722 314.069 38.117
202408 34.799 314.796 37.046
202411 35.244 315.493 37.437
202502 35.288 319.082 37.062
202505 33.307 321.465 34.722
202508 33.929 323.976 35.096
202511 35.412 324.122 36.614
202602 35.422 326.785 36.326
202605 37.282 335.123 37.282

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

What does a Cyclically Adjusted Book per Share of zł36.17 mean?
Nike (WAR:NIKE) has a Cyclically Adjusted Book per Share of zł36.17 as of May. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Nike and its competitors.
Is Nike's Cyclically Adjusted Book per Share too high?
Nike's current Cyclically Adjusted Book per Share is zł36.17. Overall, Nike has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nike's Cyclically Adjusted Book per Share compare to DECK and ONON?
Nike's Cyclically Adjusted Book per Share of zł36.17 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Nike and its competitors. Nike's current Cyclically Adjusted Book per Share is zł36.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nike stock overvalued right now?
Based on GuruFocus' analysis, Nike (WAR:NIKE) is currently considered Significantly Undervalued. The stock's GF Value™ is zł279.01, compared to a current price of zł161.00 — trading 42.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is zł36.17. Nike's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Nike (WAR:NIKE), the current Cyclically Adjusted Book per Share is zł36.17 as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Nike (WAR:NIKE) Overvalued in 2026?

Based on GuruFocus' analysis, Nike stock appears to be undervalued. The current stock price of zł161.00 is trading 42.3% below its estimated GF Value™ of zł279.01. GuruFocus considers Nike to be Significantly Undervalued.

Key valuation signals for WAR:NIKE:

  • Cyclically Adjusted Book per Share: zł36.17
  • GF Value™: zł279.01 vs. price of zł161.00 (42.3% below fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the WAR:NIKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nike Business Description

Address One Bowerman Drive, Beaverton, OR, USA, 97005-6453
Nike is the largest athletic footwear and apparel brand in the world. Footwear generates about two-thirds of its sales. Key performance footwear categories include basketball, running, and football (soccer). Its brands include Nike, Jordan (premium athletic footwear and clothing), NikeSkims (women's athleisure), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores (including about 5,500 in China), 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.
60GF Score

Get the complete analysis for WAR:NIKE

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

zł161.00
Price
zł279.01
GF Value