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Nike (CHIX:NKED) Cyclically Adjusted PS Ratio : 2.77 (As of Mar. 03, 2025)


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What is Nike Cyclically Adjusted PS Ratio?

As of today (2025-03-03), Nike's current share price is €73.54. Nike's Cyclically Adjusted Revenue per Share for the quarter that ended in Nov. 2024 was €26.56. Nike's Cyclically Adjusted PS Ratio for today is 2.77.

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

CHIX:NKEd' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.29   Med: 4.54   Max: 8.08
Current: 2.65

During the past years, Nike's highest Cyclically Adjusted PS Ratio was 8.08. The lowest was 2.29. And the median was 4.54.

CHIX:NKEd's Cyclically Adjusted PS Ratio is ranked worse than
83.98% of 768 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.71 vs CHIX:NKEd: 2.65

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 Nov. 2024 was €7.810. 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 €26.56 for the trailing ten years ended in Nov. 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
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
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 3.92 3.62 3.24 2.82 2.63

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
=73.54/26.56
=2.77

* 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 Nov. 2024 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=7.81/133.1099*133.1099
=7.810

Current CPI (Nov. 2024) = 133.1099.

Nike Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201502 3.718 99.032 4.997
201505 3.951 100.333 5.242
201508 4.307 100.548 5.702
201511 4.090 100.135 5.437
201602 4.170 100.040 5.548
201605 4.226 101.355 5.550
201608 4.730 101.617 6.196
201611 4.478 101.829 5.854
201702 4.695 102.779 6.081
201705 4.678 103.256 6.031
201708 4.581 103.587 5.887
201711 4.388 104.072 5.612
201802 4.482 105.052 5.679
201805 4.741 106.148 5.945
201808 5.271 106.383 6.595
201811 5.090 106.338 6.372
201902 5.260 106.649 6.565
201905 5.658 108.048 6.970
201908 5.999 108.245 7.377
201911 5.861 108.519 7.189
202002 5.821 109.139 7.100
202005 3.658 108.175 4.501
202008 5.618 109.662 6.819
202011 5.910 109.793 7.165
202102 5.297 110.968 6.354
202105 6.288 113.576 7.369
202108 6.428 115.421 7.413
202111 6.151 117.269 6.982
202202 5.946 119.703 6.612
202205 7.252 123.323 7.828
202208 7.896 124.958 8.411
202211 8.307 125.607 8.803
202302 7.395 126.928 7.755
202305 7.583 128.314 7.866
202308 7.688 129.538 7.900
202311 8.074 129.548 8.296
202402 7.548 130.930 7.674
202405 7.688 132.509 7.723
202408 6.998 132.816 7.013
202411 7.810 133.110 7.810

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  (CHIX:NKEd) 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.

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