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NikeHAM:NKE -0.17%63 EV-to-FCF is 31.42 as of Jul. 19, 2026, which is 11% below its 10-year median of 35.50. GuruFocus rates HAM:NKE with a GF Score™ of 63/100 and a GF Value™ of €64.42 (Significantly Undervalued). The stock has 6 warning signs investors should review. Among 635 Manufacturing - Apparel & Accessories companies, Nike ranks worse than 71.97% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Nike's Enterprise Value is €58,767 Mil.
Nike's Free Cash Flow for the trailing twelve months (TTM) ended in May. 2026 was €1,870 Mil. Therefore, Nike's EV-to-FCF for today is 31.42.
The historical rank and industry rank for Nike's EV-to-FCF or its related term are showing as below:
HAM:NKE'
s EV-to-FCF Range Over the Past 10 Years
Min: 15.45 Med: 35.5 Max: 130.05
Current: 30.64
During the past 13 years, the highest EV-to-FCF of Nike was 130.05. The lowest was 15.45. And the median was 35.50.
EV-to-FCF 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 (2026-07-19), Nike's stock price is €38.51.
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 21.50.
Nike (HAM:NKE) EV-to-FCF Explanation
EV-to-FCF 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 €38.51.
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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Nike EV-to-FCF Related Terms
Nike EV-to-FCF Historical Data
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The historical data trend for Nike's EV-to-FCF 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.
For the Footwear & Accessories subindustry, Nike's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nike's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Nike's EV-to-FCF falls into.
Nike's current Enterprise Value is €58,767 Mil.
Nike's Free Cash Flow 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 €1,870 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 (HAM:NKE) has a EV-to-FCF of 31.42 as of Jul. 19, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nike and its competitors. This is 11% below median its historical median of 35.50. Over the past decade, Nike's EV-to-FCF has ranged from 15.45 to 130.05. According to the industry distribution chart, Nike ranks #457 out of 635 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 72%.
Is Nike's EV-to-FCF too high?
Nike's current EV-to-FCF of 31.42 is 11% below median its 10-year median of 35.50. Over the past 10 years, this metric has ranged from a low of 15.45 to a high of 130.05. The Manufacturing - Apparel & Accessories industry median EV-to-FCF is 15.05. Nike's value of 31.42 is 108.8% above this industry median. Based on the distribution chart, Nike ranks #457 out of 635 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Nike has a GF Score™ of 63/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nike's EV-to-FCF compare to DECK and ONON?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Nike ranks #457 out of 635 companies for EV-to-FCF. This places Nike in the lower half of its industry. The industry median EV-to-FCF is 15.05. Nike's value of 31.42 is 108.8% above this benchmark. Historically, Nike's own EV-to-FCF has ranged from 15.45 to 130.05 over the past decade. While the company's 10-year median is 35.50 vs. the industry median of 15.05, 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-FCF for a Manufacturing - Apparel & Accessories company?
The median EV-to-FCF among Manufacturing - Apparel & Accessories companies is 15.05, based on 635 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nike's current EV-to-FCF of 31.42 is 108.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Nike and its competitors. For the Manufacturing - Apparel & Accessories industry, the median EV-to-FCF is 15.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nike's current EV-to-FCF is 31.42, which is 11% below median its own 10-year median of 35.50. 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 (HAM:NKE) is currently considered Significantly Undervalued. The stock's GF Value™ is €64.42, compared to a current price of €38.51 — trading 40.2% below its estimated fair value. The current EV-to-FCF is 31.42, which is 11% below median its 10-year median of 35.50 and 108.8% above the Manufacturing - Apparel & Accessories industry median of 15.05. Nike's overall GF Score™ is 63/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Nike (HAM:NKE), the current EV-to-FCF is 31.42 as of Jul. 19, 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 (HAM:NKE) Overvalued in 2026?
Based on GuruFocus' analysis, Nike stock appears to be undervalued.
The current stock price of €38.51 is trading 40.2% below its estimated GF Value™ of €64.42.
GuruFocus considers Nike to be Significantly Undervalued.
Key valuation signals for HAM:NKE:
EV-to-FCF: 31.42 (11% below median its 10-year median of 35.50)
GF Value™: €64.42 vs. price of €38.51 (40.2% below fair value)
Industry Position: 108.8% above the Manufacturing - Apparel & Accessories median (#457 of 635)
No single metric tells the full story. See the HAM:NKE 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.
63GF Score
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