As of Q2'26 (2025-11-30), Nike's P/E Ratio stands at 30.51, reflecting a notable increase from the previous quarter's value of 37.89 in Q1'26. This latest data point indicates a partial correction after a sharp rise in the prior quarter. Over the period from Q3'23 to Q2'26, Nike's P/E Ratio has exhibited significant volatility. After peaking at 33.73 in Q3'23, the ratio generally declined, reaching a low of 18.20 in Q3'25, before rebounding sharply to 37.89 in Q1'26. The recent quarters show a pattern of sharp fluctuations rather than a consistent trend, suggesting shifting investor sentiment or changes in earnings expectations over the observed timeframe.