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Nike (BUE:NKE) E10 : ARS288.22 (As of Nov. 2024)


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What is Nike E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Nike's adjusted earnings per share data for the three months ended in Nov. 2024 was ARS2,316.600. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is ARS288.22 for the trailing ten years ended in Nov. 2024.

During the past 12 months, Nike's average E10 Growth Rate was 6.50% per year. During the past 3 years, the average E10 Growth Rate was 13.00% per year. During the past 5 years, the average E10 Growth Rate was 13.00% per year. During the past 10 years, the average E10 Growth Rate was 11.20% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Nike was 26.00% per year. The lowest was 5.80% per year. And the median was 15.60% per year.

As of today (2025-03-17), Nike's current stock price is ARS7400.00. Nike's E10 for the quarter that ended in Nov. 2024 was ARS288.22. Nike's Shiller PE Ratio of today is 25.67.

During the past 13 years, the highest Shiller PE Ratio of Nike was 81.51. The lowest was 22.08. And the median was 45.73.


Nike E10 Historical Data

The historical data trend for Nike's E10 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 E10 Chart

Nike Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 66.77 118.07 179.06 114.28 317.73

Nike Quarterly Data
Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24
E10 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 208.90 266.40 317.73 331.61 288.22

Competitive Comparison of Nike's E10

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

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

* The bar in red indicates where Nike's Shiller PE Ratio falls into.



Nike E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Nov. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Nov. 2024 (Change)*Current CPI (Nov. 2024)
=2316.6/133.1099*133.1099
=2,316.600

Current CPI (Nov. 2024) = 133.1099.

Nike Quarterly Data

per share eps CPI Adj_EPS
201502 11.712 99.032 15.742
201505 13.218 100.333 17.536
201508 18.684 100.548 24.735
201511 13.042 100.135 17.337
201602 25.582 100.040 34.039
201605 21.009 101.355 27.591
201608 32.664 101.617 42.787
201611 22.486 101.829 29.393
201702 31.559 102.779 40.872
201705 29.053 103.256 37.453
201708 29.737 103.587 38.212
201711 24.035 104.072 30.741
201802 -34.484 105.052 -43.694
201805 42.633 106.148 53.462
201808 55.050 106.383 68.880
201811 55.988 106.338 70.084
201902 76.027 106.649 94.890
201905 82.288 108.048 101.375
201908 113.043 108.245 139.011
201911 125.076 108.519 153.419
202002 95.813 109.139 116.857
202005 -101.929 108.175 -125.424
202008 206.083 109.662 250.147
202011 169.205 109.793 205.139
202102 236.466 110.968 283.648
202105 260.808 113.576 305.664
202108 325.309 115.421 375.165
202111 248.552 117.269 282.126
202202 274.363 119.703 305.093
202205 311.337 123.323 336.045
202208 367.973 124.958 391.979
202211 400.911 125.607 424.857
202302 443.854 126.928 465.473
202305 440.372 128.314 456.830
202308 778.320 129.538 799.785
202311 1,081.500 129.548 1,111.235
202402 808.500 130.930 821.962
202405 2,603.205 132.509 2,615.008
202408 1,957.200 132.816 1,961.534
202411 2,316.600 133.110 2,316.600

Add all the adjusted EPS together and divide 10 will get our e10.


Nike  (BUE:NKE) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Nike's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=7400.00/288.22
=25.67

* 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 Shiller P/E Ratio of Nike was 81.51. The lowest was 22.08. And the median was 45.73.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Nike E10 Related Terms

Thank you for viewing the detailed overview of Nike's E10 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.