Nike (FRA:NKE0) Cyclically Adjusted Revenue per Share: €3.72 (As of May. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

FRA:NKE0 Nike Inc FRA:NKE0
68 GF Score
Price €4.72
GF Value €8.36
Valuation Significantly Undervalued
! 6 Warning Signs
View Full Analysis

What is Nike Cyclically Adjusted Revenue per Share?

Nike FRA:NKE0 +0.85% 68 Cyclically Adjusted Revenue per Share is €3.72 as of May. 2026. GuruFocus rates FRA:NKE0 with a GF Score™ of 68/100 and a GF Value™ of €8.36 (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 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 May. 2026 was €0.862. 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 €3.72 for the trailing ten years ended in May. 2026.

During the past 12 months, Nike's average Cyclically Adjusted Revenue Growth Rate was 6.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.00% 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 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 20.40% per year. The lowest was 6.50% per year. And the median was 10.10% per year.

As of today (2026-08-10), Nike's current stock price is €4.72. Nike's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was €3.72. Nike's Cyclically Adjusted PS Ratio of today is 1.27.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Nike was 8.08. The lowest was 1.24. And the median was 4.25.


Nike  (FRA:NKE0) 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
=4.72/3.72
=1.27

* 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 1.24. And the median was 4.25.


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


Nike Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

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.

Nike Cyclically Adjusted Revenue per Share Chart

Nike Annual Data
Trend May17 May18 May19 May20 May21 May22 May23 May24 May25 May26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 3.58 3.52 3.54 3.72

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 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 3.54 3.51 3.46 3.79 3.72

FRA:NKE0 vs DECK, ONON, BIRK: Cyclically Adjusted Revenue per Share Comparison

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 Cyclically Adjusted PS Ratio vs 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.


FRA:NKE0
68GF Score
Nike Inc FRA:NKE0
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 May. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0.862/335.1230*335.1230
=0.862

Current CPI (May. 2026) = 335.1230.

Nike Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 0.644 240.849 0.896
201611 0.610 241.353 0.847
201702 0.639 243.603 0.879
201705 0.637 244.733 0.872
201708 0.624 245.519 0.852
201711 0.597 246.669 0.811
201802 0.610 248.991 0.821
201805 0.645 251.588 0.859
201808 0.718 252.146 0.954
201811 0.693 252.038 0.921
201902 0.716 252.776 0.949
201905 0.770 256.092 1.008
201908 0.817 256.558 1.067
201911 0.798 257.208 1.040
202002 0.792 258.678 1.026
202005 0.498 256.394 0.651
202008 0.765 259.918 0.986
202011 0.804 260.229 1.035
202102 0.721 263.014 0.919
202105 0.856 269.195 1.066
202108 0.875 273.567 1.072
202111 0.837 277.948 1.009
202202 0.809 283.716 0.956
202205 0.987 292.296 1.132
202208 1.075 296.171 1.216
202211 1.131 297.711 1.273
202302 1.007 300.840 1.122
202305 1.032 304.127 1.137
202308 1.047 307.026 1.143
202311 1.099 307.051 1.199
202402 1.027 310.326 1.109
202405 1.046 314.069 1.116
202408 0.953 314.796 1.015
202411 1.063 315.493 1.129
202502 0.995 319.082 1.045
202505 0.907 321.465 0.946
202508 0.927 323.976 0.959
202511 0.988 324.122 1.022
202602 0.877 326.785 0.899
202605 0.862 335.123 0.862

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

What does a Cyclically Adjusted Revenue per Share of €3.72 mean?
Nike (FRA:NKE0) has a Cyclically Adjusted Revenue per Share of €3.72 as of May. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nike and its competitors.
Is Nike's Cyclically Adjusted Revenue per Share too high?
Nike's current Cyclically Adjusted Revenue per Share is €3.72. Overall, Nike has a GF Score™ of 68/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nike's Cyclically Adjusted Revenue per Share compare to DECK and ONON?
Nike's Cyclically Adjusted Revenue per Share of €3.72 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 Revenue per Share for a Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Revenue per Share depends on the Manufacturing - Apparel & Accessories industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Nike and its competitors. Nike's current Cyclically Adjusted Revenue per Share is €3.72. 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 (FRA:NKE0) is currently considered Significantly Undervalued. The stock's GF Value™ is €8.36, compared to a current price of €4.72 — trading 43.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €3.72. Nike's overall GF Score™ is 68/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Nike (FRA:NKE0), the current Cyclically Adjusted Revenue per Share is €3.72 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 (FRA:NKE0) Overvalued in 2026?

Based on GuruFocus' analysis, Nike stock appears to be undervalued. The current stock price of €4.72 is trading 43.5% below its estimated GF Value™ of €8.36. GuruFocus considers Nike to be Significantly Undervalued.

Key valuation signals for FRA:NKE0:

  • Cyclically Adjusted Revenue per Share: €3.72
  • GF Value™: €8.36 vs. price of €4.72 (43.5% below fair value)
  • GF Score™: 68/100 with 6 warning signs

No single metric tells the full story. See the FRA:NKE0 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.
68GF Score

Get the complete analysis for FRA:NKE0

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

€4.72
Price
€8.36
GF Value