Nike stock: fundamental analysis
Stocks · NKE · Consumer Cyclical
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services for men, women, and kids in North America, Europe, the Middle East, Africa, Greater China, the Asia Pacific, and Latin America. Below are its fundamentals, explained in the order worth reading them: business quality, debt, growth and, last, whether the price is reasonable.
- Price: 35.51 USD
- Market cap: 52.7B USD
Data as of September 18, 2026 · Yahoo Finance
Quick read
Business quality
ROE of 22.1%: it earns a high return on shareholders' money. Out of every 100 in sales, 6.7 end up as profit.
Financial health
Net debt/EBITDA of 0.4x: it could repay its debt with less than two years of operating profit. Comfortable leverage.
Growth
Revenue is down 1.1% year on year. Earnings are up 428.0%.
Valuation
It trades at a P/E of 16.9, below the 20.4 median of the consumer cyclical companies we track. A low P/E is not automatically a bargain: it can reflect risks or slower growth.
Dividend
Dividend yield of 4.5% (1.64 USD per share per year) with a payout ratio of 77.6%.
Tools
All metrics
| Nike | Sector median | |
|---|---|---|
| Business quality | ||
| ROE | 22.1% | 26.4% |
| ROA | 7.0% | 7.0% |
| Gross margin | 43.3% | 50.8% |
| Operating margin | 12.7% | 13.7% |
| Net margin | 6.7% | 8.4% |
| Financial health | ||
| Net debt/EBITDA | 0.4x | 2.5x |
| Debt/equity | 0.7x | 0.6x |
| Current ratio | 2.0x | 1.2x |
| Growth | ||
| Revenue growth | -1.1% | 7.4% |
| Earnings growth | 428.0% | 8.0% |
| Valuation | ||
| P/E ratio | 16.9x | 20.4x |
| Forward P/E | 15.5x | 18.7x |
| EV/EBITDA | 11.4x | 15.4x |
| Price/book | 3.5x | 7.0x |
| FCF yield | 3.6% | 3.6% |
| Dividend | ||
| Dividend yield | 4.5% | 3.1% |
| Payout ratio | 77.6% | 59.7% |
| Beta (volatility) | 1.1x | 1.0x |
Frequently asked questions
What is Nike's P/E ratio?
Nike's P/E is 16.9 based on trailing 12-month earnings and 15.5 on expected earnings. The median for its sector among the companies we track is 20.4. Data as of September 18, 2026.
What dividend does Nike pay?
Dividend yield of 4.5% (1.64 USD per share per year) with a payout ratio of 77.6%.
Is Nike stock expensive?
It trades at a P/E of 16.9, below the 20.4 median of the consumer cyclical companies we track. A low P/E is not automatically a bargain: it can reflect risks or slower growth. This is an educational reading based on ratios, not a buy or sell recommendation.
Does Nike have a lot of debt?
Net debt/EBITDA of 0.4x: it could repay its debt with less than two years of operating profit. Comfortable leverage.
What is Nike's market cap?
Nike has a market cap of 52.7B USD and its shares trade at 35.51 USD, with a 52-week range of 35.50 USD to 76.97 USD (data as of September 18, 2026).
Other companies in the sector
Trailing 12-month metrics. Educational content, not investment advice.