Nike (XTER:NKE) ROCE %: 8.35% (As of Feb. 2026)


XTER:NKE Nike Inc XTER:NKE
69 GF Score
Price €37.34
GF Value €65.98
Valuation Possible Value Trap
! 4 Warning Signs
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What is Nike ROCE %?

Nike XTER:NKE -1.90% 69 ROCE % is 8.35% as of Feb. 2026. GuruFocus rates XTER:NKE with a GF Score™ of 69/100 and a GF Value™ of €65.98 (Possible Value Trap). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Nike's annualized ROCE % for the quarter that ended in Feb. 2026 was 8.35%.

Nike  (XTER:NKE) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Nike ROCE % Related Terms

Nike ROCE % Historical Data

* Premium members only.

The historical data trend for Nike's ROCE % 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.

Nike ROCE % Chart

Nike Annual Data
Trend May16 May17 May18 May19 May20 May21 May22 May23 May24 May25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.81 24.72 20.15 22.69 13.53

Nike Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
ROCE % 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 11.94 4.69 13.92 15.36 8.35
XTER:NKE
69GF Score
Nike Inc XTER:NKE
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Nike ROCE % Calculation

Nike's annualized ROCE % for the fiscal year that ended in May. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2025 )  (A: May. 2024 )(A: May. 2025 )
=3283.674/( ( (35251.75 - 9798.525) + (32445.573 - 9372.042) )/ 2 )
=3283.674/( (25453.225+23073.531)/ 2 )
=3283.674/24263.378
=13.53 %

Nike's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Feb. 2026 )  (Q: Nov. 2025 )(Q: Feb. 2026 )
=1871.352/( ( (32685.755 - 10068.6) + (31356.144 - 9168.948) )/ 2 )
=1871.352/( ( 22617.155 + 22187.196 )/ 2 )
=1871.352/22402.1755
=8.35 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 8.35% mean?
Nike (XTER:NKE) has a ROCE % of 8.35% as of Feb. 2026.
Is Nike's ROCE % too high?
Nike's current ROCE % is 8.35%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.21. Nike's value of 8.35% is 34.5% above this industry median. Overall, Nike has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Nike's ROCE % compare to DECK and ONON?
Nike's ROCE % of 8.35% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.21. Nike's value of 8.35% is 34.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.21, based on 1,041 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Nike's current ROCE % of 8.35% is 34.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nike's current ROCE % is 8.35%. 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 (XTER:NKE) is currently considered Possible Value Trap. The stock's GF Value™ is €65.98, compared to a current price of €37.34 — trading 43.4% below its estimated fair value. The current ROCE % is 8.35% and 34.5% above the Manufacturing - Apparel & Accessories industry median of 6.21. Nike's overall GF Score™ is 69/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Nike (XTER:NKE), the current ROCE % is 8.35% as of Feb. 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 (XTER:NKE) Overvalued in 2026?

Based on GuruFocus' analysis, Nike stock appears to be undervalued. The current stock price of €37.34 is trading 43.4% below its estimated GF Value™ of €65.98. GuruFocus considers Nike to be Possible Value Trap.

Key valuation signals for XTER:NKE:

  • ROCE %: 8.35%
  • GF Value™: €65.98 vs. price of €37.34 (43.4% below fair value)
  • GF Score™: 69/100 with 4 warning signs
  • Industry Position: 34.5% above the Manufacturing - Apparel & Accessories median

No single metric tells the full story. See the XTER:NKE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nike Business Description

Address One Bowerman Drive, Beaverton, OR, USA, 97005-6453
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.
69GF Score

Get the complete analysis for XTER:NKE

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€37.34
Price
€65.98
GF Value