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NikeCHIX:NKED 55 Debt-to-EBITDA is 1.82 as of May. 2026, which is 8% above its 10-year median of 1.68. GuruFocus rates CHIX:NKED with a GF Score™ of 55/100 and a GF Value™ of €63.81 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 813 Manufacturing - Apparel & Accessories companies, Nike ranks better than 53.51% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Nike's Debt-to-EBITDA or its related term are showing as below:
CHIX:NKEd'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.63 Med: 1.68 Max: 3.07
Current: 2.4
During the past 13 years, the highest Debt-to-EBITDA Ratio of Nike was 3.07. The lowest was 0.63. And the median was 1.68.
CHIX:NKEd's Debt-to-EBITDA is ranked better than 53.51% of 813
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.7
vs CHIX:NKEd: 2.40
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Nike Debt-to-EBITDA Related Terms
Nike Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Nike's Debt-to-EBITDA 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.
CHIX:NKED vs DECK, ONON, BIRK: Debt-to-EBITDA Comparison
For the Footwear & Accessories subindustry, Nike's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nike's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (May. 2026) EBITDA data.
Nike (CHIX:NKED) has a Debt-to-EBITDA of 1.82 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nike. This is near median its historical median of 1.68. Over the past decade, Nike's Debt-to-EBITDA has ranged from 0.63 to 3.07. According to the industry distribution chart, Nike ranks #378 out of 813 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 46.5%.
Is Nike's Debt-to-EBITDA too high?
Nike's current Debt-to-EBITDA of 1.82 is near median its 10-year median of 1.68. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 3.07. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.70. Nike's value of 1.82 is 32.6% below this industry median. Based on the distribution chart, Nike ranks #378 out of 813 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Nike has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nike's Debt-to-EBITDA compare to DECK and ONON?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nike ranks #378 out of 813 companies for Debt-to-EBITDA. This puts Nike in the upper half of its industry. The industry median Debt-to-EBITDA is 2.70. Nike's value of 1.82 is 32.6% below this benchmark. Historically, Nike's own Debt-to-EBITDA has ranged from 0.63 to 3.07 over the past decade. While the company's 10-year median is 1.68 vs. the industry median of 2.70, Nike has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.70, based on 813 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nike's current Debt-to-EBITDA of 1.82 is 32.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Nike. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nike's current Debt-to-EBITDA is 1.82, which is near median its own 10-year median of 1.68. 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 (CHIX:NKED) is currently considered Significantly Undervalued. The stock's GF Value™ is €63.81, compared to a current price of €37.21 — trading 41.7% below its estimated fair value. The current Debt-to-EBITDA is 1.82, which is near median its 10-year median of 1.68 and 32.6% below the Manufacturing - Apparel & Accessories industry median of 2.70. Nike's overall GF Score™ is 55/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Nike (CHIX:NKED), the current Debt-to-EBITDA is 1.82 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 (CHIX:NKED) Overvalued in 2026?
Based on GuruFocus' analysis, Nike stock appears to be undervalued.
The current stock price of €37.21 is trading 41.7% below its estimated GF Value™ of €63.81.
GuruFocus considers Nike to be Significantly Undervalued.
Key valuation signals for CHIX:NKED:
Debt-to-EBITDA: 1.82 (near median its 10-year median of 1.68)
GF Value™: €63.81 vs. price of €37.21 (41.7% below fair value)
Industry Position: 32.6% below the Manufacturing - Apparel & Accessories median (#378 of 813)
No single metric tells the full story. See the CHIX:NKED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
55GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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