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Deckers Outdoor Corporation (DECK) Fair Value & Analysis

Consumer Cyclical · US · Market cap $14.8B · ISIN US2435371073

What is Deckers Outdoor Corporation really worth?

DO Deckers Outdoor Corporation logo Deckers Outdoor Corporation DECK · US
Price$84.50
Fair Value$125.16
Upside+48.1%
Quality84/100

A strong business, trading 32% below our fair value of $125.16.

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Strengths

Healthy Growth (revenue 5y +16.5 %/yr)
Solidly profitable · 18.7% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 78/100
Evidence: High Range $96.63 – $224.75

Fair value as of: Aug 31, 2026

From 26 valuation models · updated 5 days ago

Share price −15.4% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The rarer combination: high quality (84/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case ($96.63). The market is more pessimistic than our downside scenario.
  • A fairly wide model range ($96.63 to $224.75) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

$223.11 $37.80 Fair Value $125.16 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range $37.80 – $223.11 · fair‑value band $96.63 – $224.75 · the $84.50 price screens below the $125.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.

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Analysis

Deckers Outdoor Corporation (DECK) currently trades at $84.50, while our model-based Fair Value estimate is $125.16, implying the stock looks roughly 32.5% undervalued today. The Quality Score stands at 84/100 (high quality), in the Consumer Cyclical sector. Bull case: the DCF Models group reads highest at a median of $182.19 per share, and 20 of the 26 models we run sit above the $84.50 price. Bear case: the Multiples group reads lowest at $71.99, and 6 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Deckers Outdoor Corporation generated revenue of $5.5B at a net margin of 18.7%. Revenue grew 9.6% year over year. It earns a return on equity of 40.9%. The balance sheet holds a net cash position of $1.5B. Fundamentals as of Aug 31, 2026

Our scenario range runs from $96.63 (bear case) to $224.75 (bull case); at $84.50, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 33% below its 52-week high and 7% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 32% fair-value upside, at 48%, DECK screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly $2.95 per share, which is 2.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF $124.22 $222.77 $442.46 76
Growth DCF $121.62 $229.29 $396.83 75
5Y EBITDA Exit $103.49 $178.38 $275.67 74
All 26 models by family
DCF Models
FCF DCF $124.22 $222.77 $442.46 76
Owner Earnings $115.94 $217.90 $410.36 73
5Y Revenue Exit $70.40 $105.91 $153.40 72
5Y EBITDA Exit $103.49 $178.38 $275.67 74
5Y P/E Exit $127.25 $230.40 $354.54 69
10Y Revenue Exit $85.70 $127.19 $190.94 66
10Y EBITDA Exit $109.42 $182.19 $299.57 67
10Y P/E Exit $125.57 $221.67 $369.64 62
Earnings-Based
Graham-Dodd $50.14 $282.19 $392.03 63
Lynch FV $79.08 $112.97 $146.86 61
PEG = 1.0 $79.08 $112.97 $146.86 57
EPV $78.17 $88.94 $98.37 74
Dividend Discount
Gordon GGM $0.0400 $0.0800 $0.1300 66
DDM Multi-Stage $0.0400 $0.0700 $0.0900 66
Multiples
P/E Multiple $121.67 $162.22 $202.78 63
P/S Multiple $35.35 $47.13 $58.91 58
P/B Multiple $54.00 $71.99 $89.99 55
EV/EBIT $134.54 $174.88 $215.23 66
EV/EBITDA $99.11 $127.64 $156.17 67
EV/Revenue $46.51 $60.64 $74.78 54
Asset-Based
NCAV (Graham) $9.00 $12.06 $18.00 54
Growth DCF
Growth DCF $121.62 $229.29 $396.83 75
Rev-Margin DCF $70.40 $105.76 $154.42 72
Economic Profit
Residual Income $71.31 $130.12 $3,008 64
ROIC Compounder $81.36 $96.58 $112.83 72
Growth Earnings
Growth-Adj P/E $121.02 $172.88 $224.75 67

Widest divergence: DCF Models ($182.19) versus Dividend Discount ($0.0700). Highest evidence: FCF DCF (76).

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Key figures & financial health

P/E ratio 12.0
P/S ratio 2.26 P/E × margin
EPS (TTM) $7.02 price ÷ EPS = P/E 12.0
Net margin 18.8% FY2026
Return on equity 40.9% TTM
Return on assets (EBIT) 29.1% avg 5y
More key figures
Profitability
Operating margin 14.0% TTM
Growth
Revenue (TTM) $5.5B TTM
Revenue growth (YoY) +9.6% 3y avg +14.6%
EPS growth (YoY) −4.8%
Balance sheet & cash flow
Free cash flow $1.1B FY2026
Net cash $1.5B FY2026

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 84/100

Of which business quality 83 · Market factors (momentum, volatility) 21

Profitability 96
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 58
Disciplined investing over empire-building
Low Volatility 41
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 100
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally.

Full company description

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers footwear, apparel, and accessories under the UGG brand; footwear, such as running, trail, hiking, fitness, and lifestyle shoes, as well as apparel and accessories under the HOKA brand; and sandals, shoes, and boots under the Teva brand name. It also provides a casual footwear fashion line under the Koolaburra brand name; and footwear products under the AHNU brand name. The company sells its products through domestic and international retailers, international distributors, and directly to its consumers through its direct-to-consumer business, which includes e-commerce websites and retail stores. Deckers Outdoor Corporation was founded in 1973 and is headquartered in Goleta, California.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Deckers Outdoor Corporation reported revenue of $5.5B in FY2026 versus $3.2B in FY2022, a compound +14.7%/yr. Reported net income was $1.0B in FY2026, compounding +22.7%/yr from FY2022.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
$5.5B
Latest YoY
+9.4%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.6%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.5%
Avg. revenue growth/yr (32Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+25.6% (25.6 + 0.0)
Revenue +14.7%/yr
FY22 $3.2B
FY23 $3.6B
FY24 $4.3B
FY25 $5.0B
FY26 $5.5B
Net income +22.7%/yr
FY22 $452M
FY23 $517M
FY24 $760M
FY25 $966M
FY26 $1.0B
Character of growth · EPS growth decomposed (2015-2026) +25.5 % p.a.
Revenue per share +14.3 %

of which total revenue +10.8 % · buybacks/dilution +3.1 %

EBIT margin +8.5 %
Tax rate +0.3 %
Residual (interest, one-offs) +0.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Deckers Outdoor Corporation Fair Value". https://www.fairvalue-calculator.com/stock/DECK

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Footwear & Accessories · 93 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 84 · Top 25%
Fair Value upside +48% · Above median
Return on equity (TTM) 41% · Top 25%
Return on assets 22% · Top 25%
Net margin (TTM) 19% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 10% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than median
P/B 5.92× · Pricier than 75% of peers
P/S (TTM) 2.70× · Pricier than 75% of peers
P/FCF 13.5× · Pricier than 75% of peers
EV/EBITDA 9.7× · Pricier than median
PEG 1.36× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE97 · sector 6
FUTURE48 · sector 0
PAST100 · sector 22
HEALTH99 · sector 97
DIVIDEND0 · sector 49

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $38.44 $35.63 −7%
On Holding ONON $31.03 $17.79 −43%
Zhejiang China Commodities City Group 600415 ¥12.61 ¥13.03 +3%
Birkenstock Holding BIRK $33.95 $44.93 +32%
Crocs, Inc CROX $122.23 $203.65 +67%
Huali Industrial Group 300979 ¥34.24 ¥51.36 +50%
PUMA SE PUM €25.63 €10.57 −59%
Steven Madden, Ltd SHOO $47.70 $11.69 −75%
Yue Yuen Industrial (Holdings) Limited 0551 HK$13.65 HK$31.67 +132%
Samsonite Group 1910 HK$13.20 HK$36.62 +177%

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Frequently asked questions

Is Deckers Outdoor Corporation (DECK) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of $125.16 versus a price of $84.50, about +48% upside (undervalued).
What is the fair value of DECK?
Our model-based fair value for Deckers Outdoor Corporation is $125.16 (as of Aug 31, 2026), built from audited fundamentals. The current price: $84.50.
What is the quality score of DECK?
Deckers Outdoor Corporation has a Quality Score of 84/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Deckers Outdoor Corporation (DECK)?
Deckers Outdoor Corporation reported trailing-twelve-month revenue of about $5.5B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of DECK?
The net profit margin of Deckers Outdoor Corporation is about 18.7%, meaning it keeps roughly 18.7% of revenue as net income. Based on the latest reported figures.
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