NKENEUTRAL

NKE EV/EBITDA Analysis

12.3x

Updated 33h ago·SEC filings & market data

Key Takeaway

EV/EBITDA compares a company’s total value (market cap plus debt minus cash) to its operating earnings before interest, taxes, depreciation, and amortization.

Sector Performance

42th percentile

NKE

12.3x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

13.2x(Aug 2026)

↑ Improving

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Deep Analysis

EV/EBITDA compares a company’s total value (market cap plus debt minus cash) to its operating earnings before interest, taxes, depreciation, and amortization.

NKE currently trades at 13.2x, meaning investors pay $13.20 for each $1 of operating profit. This is below the sector median of 13.8x and sits at the 47th percentile among sector peers, so the stock is neither cheap nor expensive relative to its group. The multiple has decreased over the past eight quarters, with a year-over-year decline of -11.8%, though it rose 2.2% from the prior quarter. A lower EV/EBITDA can indicate a less demanding valuation, but the recent quarterly uptick and near-median level suggest limited upside from multiple expansion. This metric supports the overall NEUTRAL verdict because the valuation is roughly in line with peers and the direction does not signal a clear bargain or overvaluation.

Frequently Asked Questions

What does the EV/EBITDA tell investors about NKE?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are NKE's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.