NIKE's Premium P/S Valuation: Sign of Growth or Time to Cash Out? [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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US:NYSE Investor Relations:
investors.nike.com/home/default.aspx
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Source: Yahoo! Finance
However, the current forward 12-month price-to-sales (P/S) multiple of 2.28X raises concerns about whether the stock's valuation is justified. This multiple is significantly higher than the Zacks Shoes and Retail Apparel industry average of 2.18X, making the stock seem relatively expensive. At 2.28X P/S, the Swoosh brand owner is trading at a much higher valuation than its competitors. Its competitors, such as Adidas ADDYY, Skechers SKX and Wolverine World Wide WWW, are delivering solid growth and trade at more reasonable multiples. ADDYY, SKX and WWW have forward 12-month P/S ratios of 1.59X, 0.93X and 0.97X — all significantly lower than NIKE. At such levels, NKE's valuation seems out of step with its growth trajectory, especially given the recent decline in its stock price. Image Source: Zacks Investment Research The stock's elevated valuation reflects high investor expectations for growth. However, compared with the above-mentioned competitors, NIKE looks increasingly vulner
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NKE
News
- NIKE, Inc. Announces Second Quarter Fiscal 2025 Earnings and Conference CallBusiness Wire
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- Nike (NKE) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
NKE
Earnings
- 10/1/24 - Beat
NKE
Sec Filings
- 11/15/24 - Form 4
- 11/14/24 - Form 144
- 10/31/24 - Form 4
- NKE's page on the SEC website