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The latest data point for NKE's EV/EBITDA ratio, as of Q2'26, stands at 25.031, reflecting a moderate increase from the previous quarter's low of 14.296 in Q3'25 and indicating a rebound in valuation multiples. Over the period from Q4'23 to Q2'26, the EV/EBITDA ratio exhibits a volatile downward trend overall, starting at 23.989 and declining to a low of 14.296 in Q3'25, with notable fluctuations including a sharp drop to 14.785 in Q4'24 followed by a recovery peaking at 27.083 in Q1'26. Key inflection points include the significant decline from 22.860 in Q2'24 to 19.767 in Q3'24, suggesting periods of market pressure on earnings multiples, while the recent uptick from Q3'25 onward points to improving investor sentiment or operational recovery. No data is available for Q3'26, limiting forward visibility.