Nike stock PE ratio

As of November 15, 2023, Nike’s P/E (Price-to-Earnings) ratio is 33.28​​. This ratio is a key metric used to gauge the company’s valuation, reflecting how much investors are willing to pay per dollar of earnings.

How does this compare to Nike’s historic P/E ratio?

Nike’s current P/E ratio of 33.28 as of November 2023 can be understood better in the context of its historical performance. Over the last ten years, the mean historical P/E ratio for Nike has been 36.05, indicating that the current P/E ratio is about 8% lower than this ten-year average. The P/E ratio has seen significant fluctuations; it reached its highest at 74.42 in November 2020, and its lowest was 20.7 in May 2017. Looking at annual changes, there were notable increases and decreases, such as a 191.5% increase in 2018 and a 49.87% decrease in 2019​​​​.

These variations reflect changes in market perceptions, company performance, and broader economic conditions. The current P/E ratio, being lower than the ten-year average, might suggest a more conservative valuation of Nike by the market compared to previous years.

Nike competitors and their P/E ratios?

Here are the P/E ratios of ten apparel or shoe companies, which can be considered competitors of Nike:

1. Express (EXPR): P/E ratio of 0.1710.
2. Vince Holding (VNCE): P/E ratio of 1.23.
3. Destination XL (DXLG): P/E ratio of 6.37.
4. Chico’s (CHS): P/E ratio of 6.89.
5. Tapestry (TPR): P/E ratio of 7.83.
6. Eagle Nice (2368.HK): P/E ratio of 8.02.
7. Buckle (BKE): P/E ratio of 8.06.
8. Guess (GES): P/E ratio of 8.14.
9. Under Armour (UA): P/E ratio of 8.77.
10. Oxford Industries (OXM): P/E ratio of 9.03​​​​​​​​​​​​​​​​​​​​.