NIKE Valuation

Is NKE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NKE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NKE (€74.6) is trading above our estimate of fair value (€70.87)

Significantly Below Fair Value: NKE is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for NKE?

Other financial metrics that can be useful for relative valuation.

NKE key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue2.5x
Enterprise Value/EBITDA17.2x
PEG Ratio5.7x

Price to Earnings Ratio vs Peers

How does NKE's PE Ratio compare to its peers?

The above table shows the PE ratio for NKE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.2x
DECK Deckers Outdoor
30.3x9.1%US$24.1b
300979 Huali Industrial Group
22.7x13.5%CN¥82.3b
7936 ASICS
38.1x9.8%JP¥2.0t
SKX Skechers U.S.A
17.8x14.7%US$10.2b
NKE NIKE
23.1x4.0%€122.2b

Price-To-Earnings vs Peers: NKE is good value based on its Price-To-Earnings Ratio (23.1x) compared to the peer average (27.2x).


Price to Earnings Ratio vs Industry

How does NKE's PE Ratio compare vs other companies in the European Luxury Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.8%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a10.8%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: NKE is expensive based on its Price-To-Earnings Ratio (23.1x) compared to the European Luxury industry average (14.9x).


Price to Earnings Ratio vs Fair Ratio

What is NKE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NKE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio23.1x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NKE's Price-To-Earnings Fair Ratio for valuation analysis.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NKE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€74.60
€83.81
+12.3%
14.7%€109.74€52.13n/a34
Oct ’25€80.33
€83.20
+3.6%
15.9%€111.36€51.19n/a34
Sep ’25€74.59
€81.96
+9.9%
16.2%€110.79€53.61n/a34
Aug ’25€68.54
€84.51
+23.3%
17.0%€114.51€55.41n/a33
Jul ’25€70.10
€89.52
+27.7%
17.0%€120.14€55.88n/a33
Jun ’25€86.03
€103.13
+19.9%
12.4%€120.51€69.53n/a34
May ’25€86.95
€104.89
+20.6%
12.8%€128.50€70.11n/a35
Apr ’25€87.61
€105.06
+19.9%
12.4%€126.97€69.28n/a37
Mar ’25€96.00
€113.74
+18.5%
11.2%€131.79€81.67n/a37
Feb ’25€93.01
€113.48
+22.0%
11.5%€137.84€80.86n/a37
Jan ’25€99.50
€111.76
+12.3%
11.7%€135.53€79.51n/a36
Dec ’24€102.62
€110.88
+8.0%
13.0%€137.54€80.69n/a35
Nov ’24€95.36
€114.40
+20.0%
13.2%€141.74€83.15n/a33
Oct ’24€90.08
€116.76
+29.6%
13.2%€141.89€83.24€80.3333
Sep ’24€94.04
€118.99
+26.5%
11.6%€140.59€85.16€74.5933
Aug ’24€99.79
€116.09
+16.3%
11.7%€136.90€82.93€68.5433
Jul ’24€101.44
€119.16
+17.5%
11.2%€139.17€87.06€70.1034
Jun ’24€97.19
€125.91
+29.5%
11.6%€148.10€87.93€86.0333
May ’24€112.52
€123.68
+9.9%
11.4%€146.38€89.66€86.9533
Apr ’24€112.00
€123.91
+10.6%
11.8%€147.50€90.35€87.6133
Mar ’24€110.90
€123.06
+11.0%
13.9%€173.73€79.82€96.0034
Feb ’24€116.40
€119.78
+2.9%
13.6%€170.26€78.23€93.0134
Jan ’24€109.24
€118.77
+8.7%
13.3%€174.01€79.95€99.5034
Dec ’23€105.62
€105.82
+0.2%
19.5%€177.86€74.03€102.6233
Nov ’23€95.34
€110.37
+15.8%
19.8%€185.67€77.28€95.3632
Oct ’23€86.77
€115.77
+33.4%
19.6%€188.79€78.58€90.0830

Analyst Forecast: Target price is less than 20% higher than the current share price.


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