Nike Inc (NKE) is overvalued and Steven Madden Ltd (SHOO) is fairly valued.
Against our estimates of intrinsic value, SHOO trades at the wider discount: a margin of safety of +4%, against -25% for NKE.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.8% (average of 3 methods) values the shares at $28.84; the price of $36.10 is 25% above that value, and 73% of that value comes from beyond year five.
Leak Score 63/100 on 9 of 12 signals
Discounting its cash flows at 10.0% (average of 3 methods) values the shares at $46.07; the price of $44.45 is 4% below that value, and 73% of that value comes from beyond year five.
Leak Score 22/100 on 2 of 12 signals
| Metric | NKE | SHOO |
|---|---|---|
| Verdict | Overvalued | Fairly valued |
| Price | $36.10 | $44.45 |
| Intrinsic value | $28.84 | $46.07 |
| Margin of safety | -25% | +4% |
| Leak Score | 63/100 (9/12) | 22/100 (2/12) |
| Market cap | $53.6B | $3.3B |
| Revenue growth, 5 years | 0.8% | 16.1% |
| Operating margin | 8.8% | 9.0% |
| Net margin | 6.7% | 5.2% |
| Return on equity | 22.1% | 16.2% |
| Debt to equity | 0.74 | 0.40 |
| P/E | 17.2x | 22.3x |
| Forward P/E | 16.9x | 16.0x |
| P/B | 3.6x | 3.5x |
| Dividend yield | 4.5% | 1.3% |