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NikeCHIX:NKED 51 EV-to-OCF is 20.66 as of Aug. 27, 2026, which is 28% below its 10-year median of 28.55. GuruFocus rates CHIX:NKED with a GF Score™ of 51/100 and a GF Value™ of €64.35 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 1,068 Manufacturing - Apparel & Accessories companies, Nike ranks worse than 77.25% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Nike's Enterprise Value is €50,756 Mil.
Nike's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 was €2,457 Mil. Therefore, Nike's EV-to-OCF for today is 20.66.
The historical rank and industry rank for Nike's EV-to-OCF or its related term are showing as below:
CHIX:NKEd'
s EV-to-OCF Range Over the Past 10 Years
Min: 14.02 Med: 28.55 Max: 76.37
Current: 20.66
During the past 13 years, the highest EV-to-OCF of Nike was 76.37. The lowest was 14.02. And the median was 28.55.
CHIX:NKEd's EV-to-OCF is ranked worse than 77.25% of 1068
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 7.335
vs CHIX:NKEd: 20.66
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-08-27), Nike's stock price is €34.00.
Nike's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was €1.791. Therefore, Nike's PE Ratio (TTM) for today is 18.98.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Nike's share price for today is €34.00.
Nike's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.791.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Nike EV-to-OCF Related Terms
Nike EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Nike's EV-to-OCF 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: EV-to-OCF Comparison
For the Footwear & Accessories subindustry, Nike's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Nike's EV-to-OCF falls into.
Nike's current Enterprise Value is €50,756 Mil.
Nike's Cash Flow from Operations for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2,457 Mil.
* 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 (CHIX:NKED) has a EV-to-OCF of 20.66 as of Aug. 27, 2026. This is 28% below median its historical median of 28.55. Over the past decade, Nike's EV-to-OCF has ranged from 14.02 to 76.37. According to the industry distribution chart, Nike ranks #825 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 77.2%.
Is Nike's EV-to-OCF too high?
Nike's current EV-to-OCF of 20.66 is 28% below median its 10-year median of 28.55. Over the past 10 years, this metric has ranged from a low of 14.02 to a high of 76.37. The Manufacturing - Apparel & Accessories industry median EV-to-OCF is 7.34. Nike's value of 20.66 is 181.7% above this industry median. Based on the distribution chart, Nike ranks #825 out of 1068 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Nike has a GF Score™ of 51/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nike's EV-to-OCF compare to DECK and ONON?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nike ranks #825 out of 1068 companies for EV-to-OCF. This places Nike in the lower half of its industry. The industry median EV-to-OCF is 7.34. Nike's value of 20.66 is 181.7% above this benchmark. Historically, Nike's own EV-to-OCF has ranged from 14.02 to 76.37 over the past decade. While the company's 10-year median is 28.55 vs. the industry median of 7.34, Nike has consistently been above 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 EV-to-OCF for a Manufacturing - Apparel & Accessories company?
The median EV-to-OCF among Manufacturing - Apparel & Accessories companies is 7.34, based on 1,068 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nike's current EV-to-OCF of 20.66 is 181.7% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median EV-to-OCF is 7.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nike's current EV-to-OCF is 20.66, which is 28% below median its own 10-year median of 28.55. 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 €64.35, compared to a current price of €34.00 — trading 47.2% below its estimated fair value. The current EV-to-OCF is 20.66, which is 28% below median its 10-year median of 28.55 and 181.7% above the Manufacturing - Apparel & Accessories industry median of 7.34. Nike's overall GF Score™ is 51/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Nike (CHIX:NKED), the current EV-to-OCF is 20.66 as of Aug. 27, 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 €34.00 is trading 47.2% below its estimated GF Value™ of €64.35.
GuruFocus considers Nike to be Significantly Undervalued.
Key valuation signals for CHIX:NKED:
EV-to-OCF: 20.66 (28% below median its 10-year median of 28.55)
GF Value™: €64.35 vs. price of €34.00 (47.2% below fair value)
Industry Position: 181.7% above the Manufacturing - Apparel & Accessories median (#825 of 1068)
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.
51GF Score
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