Nike's market capitalization is around $113 billion, with revenue of over $51 billion in fiscal 2024, resulting in a price-to-sales (P/S) ratio of around 2, the lowest in over a decade. The company's price-to-earnings (P/E) ratio is also around 20, a decade low. With revenue growth expected to be modest and profit margins unlikely to improve, Nike's value lies in its share repurchases.