NIKE, Inc.
NKE · NYSE · CIK 0000320187
SIC 3021
Rubber & Plastics Footwear
Category
Other
Entity
operating
Incorp.
OR
Fiscal Y/E
0531
Source: SEC EDGAR · All filings on SEC →
Investment Indicators
$42.41
-1.74 (-3.93%)
Open
$44.06
High
$44.07
Low
$42.39
Prev Close
$44.14
Volume
21,413,429
52W High
$78.71
52W Low
$42.09
50-day MA
$50.94
Quote as of: 2026-05-11
Market Cap
$63.77B
P/E
28.33
P/B
4.53
PEG
1.33
EPS
1.52
BPS
9.52
Dividend Yield
3.76%
Beta
1.12
ROE
24.36%
ROA
8.80%
Current Ratio
2.21
Gross Margin
42.73%
Net Margin
6.95%
Intrinsic Value Estimates
Multiple valuation methods, each with its own assumptions — outputs can diverge widely
Median consensus (6 methods)
$30.03B
| Method | Implied market cap | vs current |
|---|---|---|
Graham Number √(22.5 × 순이익 × 자본) | $30.94B | +106% |
Graham Formula 순이익 × (8.5 + 2 × 성장률%) | — | N/A |
Justified P/E 순이익 × 산업 평균 P/E | $48.28B | +32% |
P/B 배수 자본 × 산업 평균 P/B | $19.82B | +222% |
P/S 배수 매출 × 산업 평균 P/S | $92.62B | -31% |
DCF (Gordon) CF × (1+g) / (r − g) | $29.11B | +119% |
DDM (Gordon) D × (1+g) / (r − g) | $4.94B | +1190% |
▶ Detailed analysis — formula walk-through & scenarios
Why this conclusion
Of the 7 valuation methods, 6 were applicable. Their median fair-value lands +112.4% below the current market cap → the stock trades above most formulas' estimates (overvalued). 5 methods flag overvalued, 1 flag undervalued, the rest land within fair range. Read each formula's assumptions below before treating any single number as the answer.
Graham Number
Overvalued +106.1%√(22.5 × 순이익 × 자본)
Current
$63.77B
Implied fair
$30.94B
Gap (current − fair)
+$32.83B(+106.1%)
NetIncome = $3.22B Equity = $13.21B √(22.5 × $3.22B × $13.21B) = $30.94B
- 최대 PER 15배
- 최대 PBR 1.5배
- 안정적 흑자 기업 가정 (금융·고성장 부정확)
Graham Formula
순이익 × (8.5 + 2 × 성장률%)
Not applicable: -
Justified P/E
Overvalued +32.1%순이익 × 산업 평균 P/E
Current
$63.77B
Implied fair
$48.28B
Gap (current − fair)
+$15.48B(+32.1%)
NetIncome = $3.22B Industry P/E = 15× $3.22B × 15 = $48.28B
- 산업 평균 PER 15x 가정 (사용자 정의 가능)
- 동종 업종 비교가 핵심 — 산업별 평균 P/E 사용 권장
P/B 배수
Overvalued +221.7%자본 × 산업 평균 P/B
Current
$63.77B
Implied fair
$19.82B
Gap (current − fair)
+$43.95B(+221.7%)
Equity = $13.21B Industry P/B = 1.5× $13.21B × 1.5 = $19.82B
- 산업 평균 PBR 1.5x 가정
- 은행·보험·자산집약적 산업에 특히 유효
P/S 배수
Undervalued -31.2%매출 × 산업 평균 P/S
Current
$63.77B
Implied fair
$92.62B
Gap (current − fair)
$-28.85B(-31.2%)
Revenue = $46.31B Industry P/S = 2× $46.31B × 2 = $92.62B
- 산업 평균 PSR 2x 가정
- 매출 기반 — 적자 기업·신생 기업에 적용 가능
- 이익률 차이 무시
DCF (Gordon)
Overvalued +119.0%CF × (1+g) / (r − g)
Current
$63.77B
Implied fair
$29.11B
Gap (current − fair)
+$34.65B(+119.0%)
FCF = $3.27B Discount r = 4.0% + 5.0% = 9.0% Growth g = -2.0% $3.27B × (1 + -2.0%) / (9.0% − -2.0%) = $29.11B
- 현금흐름 입력: FCF (잉여현금흐름)
- 할인율 9.0% (무위험 4.0% + 주식위험프리미엄 5.0%)
- 영구 성장률 -2.0% (실질 GDP 수준)
DDM (Gordon)
Overvalued +1189.6%D × (1+g) / (r − g)
Current
$63.77B
Implied fair
$4.94B
Gap (current − fair)
+$58.82B(+1189.6%)
Dividend D = $555.00M Discount r = 9.0% Growth g = -2.0% $555.00M × (1 + -2.0%) / (9.0% − -2.0%) = $4.94B
- 배당 입력: 실제 지급 배당
- 할인율 9.0%
- 배당 영구 성장률 -2.0%
DCF sensitivity: discount rate × terminal growth
Each cell is the (current vs FCF × (1+g) / (r − g)) discount % under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +15.9% | +35.2% | +54.6% | +73.9% | +93.2% |
| 2% | -4.4% | +14.8% | +33.9% | +53.0% | +72.2% |
| 3% | -24.2% | -5.3% | +13.7% | +32.6% | +51.6% |
| 4% | -43.7% | -25.0% | -6.2% | +12.6% | +31.3% |
| 5% | -62.8% | -44.2% | -25.7% | -7.1% | +11.5% |
DDM sensitivity: discount rate × dividend growth
Each cell is the discount % vs Dividend × (1+g) / (r − g) under the assumed growth g and discount r.
| g \ r | 7% | 8% | 9% | 10% | 11% |
|---|---|---|---|---|---|
| 1% | +582.5% | +696.3% | +810.1% | +923.8% | +1037.6% |
| 2% | +463.2% | +575.9% | +688.5% | +801.1% | +913.8% |
| 3% | +346.2% | +457.7% | +569.3% | +680.8% | +792.4% |
| 4% | +231.4% | +341.9% | +452.4% | +562.9% | +673.3% |
| 5% | +118.8% | +228.3% | +337.7% | +447.1% | +556.5% |
All estimates rest on strong assumptions. Treat the spread, not any single number, as the signal.
Financial Statements
In USD millions (per-share figures shown directly) · Financials as of: 2025-07-17
Income Statement
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 46,309 | 51,362 | 51,217 | 46,710 | 44,538 |
| Gross Profit | 19,790 | 22,887 | 22,292 | 21,479 | 19,962 |
| Net Income | 3,219 | 5,700 | 5,070 | 6,046 | 5,727 |
| EPS (Basic) | 2.17 | 3.76 | 3.27 | 3.83 | 3.64 |
| EPS (Diluted) | 2.16 | 3.73 | 3.23 | 3.75 | 3.56 |
Balance Sheet
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | 36,579 | 38,110 | 37,531 | 40,321 | 37,740 |
| Current Assets | 23,362 | 25,382 | 25,202 | 28,213 | 26,291 |
| Cash & Equivalents | 7,464 | 9,860 | 7,441 | 8,574 | 9,889 |
| Current Liabilities | 10,566 | 10,593 | 9,256 | 10,730 | 9,674 |
| Long-term Debt | 7,961 | 8,903 | 8,927 | 9,420 | 9,413 |
| Total Equity | 13,213 | 14,430 | 14,004 | 15,281 | 12,767 |
Cash Flow
| FY | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating CF | 3,698 | 7,429 | 5,841 | 5,188 | 6,657 |
| Investing CF | -275 | 894 | 564 | -1,524 | -3,800 |
| Financing CF | -5,820 | -5,888 | -7,447 | -4,836 | -1,459 |
| CapEx | 430 | 812 | 969 | 758 | 695 |
📄 SEC Filings
Quarterly Report
10-Q
2026-04-01
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Current Report
8-K
2026-03-31
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Current Report
8-K
2026-03-09
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8-K
2026-03-05
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Quarterly Report
10-Q
2025-12-30
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8-K
2025-12-18
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8-K
2025-12-02
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Quarterly Report
10-Q
2025-10-01
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Current Report
8-K
2025-09-30
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Current Report
8-K
2025-09-11
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Current Report
8-K
2025-07-28
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Proxy Statement
DEF 14A
2025-07-17
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Annual Report
10-K
2025-07-17
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Current Report
8-K
2025-06-26
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Current Report
8-K
2025-06-25
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2025-06-18
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Other filings (84)
SCHEDULE 13G
xslSCHEDULE_13G_X02/primary_doc.xml
2026-04-30
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4/A
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2026-04-22
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2026-04-14
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2026-04-10
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2026-04-10
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SCHEDULE 13G/A
xslSCHEDULE_13G_X02/primary_doc.xml
2026-03-27
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2025-12-30
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2025-12-30
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2025-12-23
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2025-12-23
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2025-12-16
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11-K
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2025-11-21
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2025-11-17
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144
xsl144X01/primary_doc.xml
2025-11-14
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2025-11-10
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SCHEDULE 13G
xslSCHEDULE_13G_X01/primary_doc.xml
2025-11-10
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Insider Transaction
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2025-10-16
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2025-10-07
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144/A
xsl144X01/primary_doc.xml
2025-10-06
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2025-10-03
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144
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2025-10-02
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2025-09-11
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2025-09-11
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2025-08-13
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SCHEDULE 13G
xslSCHEDULE_13G_X01/primary_doc.xml
2025-08-11
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Insider Transaction
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2025-08-06
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144
xsl144X01/primary_doc.xml
2025-08-05
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2025-08-04
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2025-08-04
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2025-08-04
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ARS
ANNUAL REPORT TO SECURITY HOLDERS
2025-07-24
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Insider Transaction
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2025-07-17
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S-3ASR
S-3ASR
2025-07-17
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DEFA14A
DEFA14A
2025-07-17
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144
xsl144X01/primary_doc.xml
2025-07-16
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Insider Transaction
PRIMARY DOCUMENT
2025-07-11
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3
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2025-06-27
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3
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2025-06-27
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SD
SD
2025-05-30
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