The latest data point for NKE's P/B Ratio, as of Q2'26, stands at 6.431, reflecting a decline from the previous quarter's value of 8.157 in Q4'25 and indicating a potential undervaluation relative to book value amid recent market pressures. Over the period from Q4'23 to Q2'26, the P/B Ratio has exhibited a predominantly downward trend, starting at a high of 11.748 and falling to a low of 5.857 in Q3'25 before a partial rebound to 8.157 in Q4'25. This decline highlights increasing investor caution toward NKE's asset valuation, with notable volatility including a 28% drop from Q4'24 (7.42) to Q3'25, though the area chart visualization underscores an overall erosion in multiples that could signal improving entry opportunities for value-oriented analysts. No data is available for Q3'26, limiting forward projections.