## NKE PE Stream Chart Analysis As of the latest data point (mid-March 2026), NKE's monthly average price stands at approximately **$53.47**, which has fallen **below the lowest PE boundary of 18.4 times** (priced at $31.44). Wait — re-examining the data: the PE_stream_1 boundary at 18.4 times is $31.44, and the stock at $53.47 sits **above** the 18.4x boundary ($31.44) but **below** the 29.1x boundary ($49.67). Actually, at $53.47, the price exceeds the 29.1x line ($49.67) but remains well **below** the 39.8x boundary ($67.91). This places NKE firmly in the **"Fair" (合理) valuation zone**, trading between the 29.1 times and 39.8 times PE boundaries. Compared to the 50.4x ($86.13), 61.1x ($104.36), and 71.8x ($122.58) upper bands, the current price is substantially below all higher PE thresholds, suggesting the stock is trading at a historically modest valuation relative to its own earnings multiple range. From a historical perspective, NKE's valuation trajectory tells a story of significant compression over the observed period. In early 2021, the stock traded near or above the **71.8 times "Warning" boundary** (then priced around $129.87), with monthly average prices hovering around $129–$130 — reflecting peak growth-era enthusiasm. Through mid-2021 into late 2021, prices climbed further toward the 39.8x–61.1x interval range as earnings estimates shifted upward, briefly touching the "Overvalued" and "Warning" zones. Beginning in 2022, a sustained de-rating began: prices declined sharply from the $155–$160 range into the $83–$105 range by late 2022, dropping from the "Warning" zone down through "Overvalued" and into the "Watch" interval. The 2023–2024 period saw the stock oscillating primarily in the **"Fair" to "Watch" interval** (between the 29.1x and 50.4x bands), with prices ranging roughly $88–$118. A more dramatic deterioration occurred from mid-2024 onward — prices collapsed from ~$90 to a trough near $55 in April 2025, briefly touching the boundary between the "Value" (29.1x) and "Fair" (39.8x) zones. Notably, the PE stream boundaries themselves have been **trending downward** since mid-2024 (e.g., the 18.4x line fell from ~$69 to ~$31), signaling meaningful **earnings deterioration** rather than just price weakness. This downward drift in all PE band levels indicates that NKE's underlying earnings power has contracted materially, making the river chart trend a cautionary signal for long-term investors despite the stock appearing statistically "fairly valued" at current levels.