GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nike Inc (XKAZ:NKE_KZ) » Definitions » E10

Nike (XKAZ:NKE_KZ) E10 : $3.03 (As of Feb. 2025)


View and export this data going back to 2019. Start your Free Trial

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 Feb. 2025 was $0.540. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $3.03 for the trailing ten years ended in Feb. 2025.

During the past 12 months, Nike's average E10 Growth Rate was 5.00% 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 (2025-04-06), Nike's current stock price is $60.00. Nike's E10 for the quarter that ended in Feb. 2025 was $3.03. Nike's Shiller PE Ratio of today is 19.80.

During the past 13 years, the highest Shiller PE Ratio of Nike was 81.51. The lowest was 18.27. And the median was 45.71.


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 712.11 918.16 1,624.23 2.97 3.25

Nike Quarterly Data
May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25
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 2.97 3.25 3.32 3.42 3.03

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 Feb. 2025 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2025 (Change)*Current CPI (Feb. 2025)
=0.54/134.6241*134.6241
=0.540

Current CPI (Feb. 2025) = 134.6241.

Nike Quarterly Data

per share eps CPI Adj_EPS
201505 0.490 100.333 0.657
201508 0.670 100.548 0.897
201511 0.450 100.135 0.605
201602 0.550 100.040 0.740
201605 0.490 101.355 0.651
201608 0.730 101.617 0.967
201611 0.497 101.829 0.657
201702 0.680 102.779 0.891
201705 0.600 103.256 0.782
201708 0.570 103.587 0.741
201711 0.460 104.072 0.595
201802 -0.570 105.052 -0.730
201805 0.693 106.148 0.879
201808 0.670 106.383 0.848
201811 0.520 106.338 0.658
201902 0.680 106.649 0.858
201905 0.620 108.048 0.772
201908 0.860 108.245 1.070
201911 0.700 108.519 0.868
202002 0.530 109.139 0.654
202005 -0.510 108.175 -0.635
202008 0.950 109.662 1.166
202011 0.780 109.793 0.956
202102 0.900 110.968 1.092
202105 0.930 113.576 1.102
202108 1.160 115.421 1.353
202111 0.830 117.269 0.953
202202 0.870 119.703 0.978
202205 0.900 123.323 0.982
202208 0.930 124.958 1.002
202211 0.850 125.607 0.911
202302 0.790 126.928 0.838
202305 0.660 128.314 0.692
202308 0.940 129.538 0.977
202311 1.030 129.548 1.070
202402 0.770 130.930 0.792
202405 0.990 132.509 1.006
202408 0.700 132.816 0.710
202411 0.780 133.110 0.789
202502 0.540 134.624 0.540

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


Nike  (XKAZ:NKE_KZ) 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
=60.00/3.03
=19.80

* 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 18.27. And the median was 45.71.


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.

Nike Headlines

No Headlines