Deckers Outdoor (FRA:DO2) Cyclically Adjusted Book per Share: €9.34 (As of Mar. 2026)


FRA:DO2 Deckers Outdoor Corp FRA:DO2
95 GF Score
Price €87.04
GF Value €132.43
Valuation Significantly Undervalued
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What is Deckers Outdoor Cyclically Adjusted Book per Share?

Deckers Outdoor FRA:DO2 -1.49% 95 Cyclically Adjusted Book per Share is €9.34 as of Mar. 2026. GuruFocus rates FRA:DO2 with a GF Score™ of 95/100 and a GF Value™ of €132.43 (Significantly Undervalued).

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Deckers Outdoor's adjusted book value per share for the three months ended in Mar. 2026 was €15.447. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €9.34 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Deckers Outdoor's average Cyclically Adjusted Book Growth Rate was 15.10% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 14.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.80% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Deckers Outdoor was 25.00% per year. The lowest was 7.30% per year. And the median was 14.40% per year.

As of today (2026-07-01), Deckers Outdoor's current stock price is €87.04. Deckers Outdoor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €9.34. Deckers Outdoor's Cyclically Adjusted PB Ratio of today is 9.32.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Deckers Outdoor was 24.05. The lowest was 2.44. And the median was 8.39.


Deckers Outdoor  (FRA:DO2) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Deckers Outdoor's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=87.04/9.34
=9.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Deckers Outdoor was 24.05. The lowest was 2.44. And the median was 8.39.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Deckers Outdoor Cyclically Adjusted Book per Share Related Terms


Deckers Outdoor Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Deckers Outdoor's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Deckers Outdoor Cyclically Adjusted Book per Share Chart

Deckers Outdoor Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.82 6.62 7.63 8.41 9.34

Deckers Outdoor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.41 8.50 8.57 8.76 9.34

FRA:DO2 vs ONON, BIRK, CROX: Cyclically Adjusted Book per Share Comparison

For the Footwear & Accessories subindustry, Deckers Outdoor's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Deckers Outdoor Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deckers Outdoor's Cyclically Adjusted PB Ratio falls into.


FRA:DO2
95GF Score
Deckers Outdoor Corp FRA:DO2
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Deckers Outdoor Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Deckers Outdoor's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book= Book Value per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=15.447/330.2130*330.2130
=15.447

Current CPI (Mar. 2026) = 330.2130.

Deckers Outdoor Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.247 241.018 5.819
201609 4.431 241.428 6.060
201612 4.804 241.432 6.571
201703 4.649 243.801 6.297
201706 4.235 244.955 5.709
201709 4.229 246.819 5.658
201712 4.580 246.524 6.135
201803 4.177 249.554 5.527
201806 4.238 251.989 5.554
201809 4.118 252.439 5.387
201812 5.119 251.233 6.728
201903 5.290 254.202 6.872
201906 5.068 256.143 6.534
201909 4.957 256.759 6.375
201912 6.024 256.974 7.741
202003 6.142 258.115 7.858
202006 6.008 257.797 7.696
202009 6.263 260.280 7.946
202012 7.398 260.474 9.379
202103 7.244 264.877 9.031
202106 7.096 271.696 8.624
202109 7.522 274.310 9.055
202112 8.472 278.802 10.034
202203 8.631 287.504 9.913
202206 8.728 296.311 9.727
202209 9.636 296.808 10.721
202212 10.560 296.797 11.749
202303 10.501 301.836 11.488
202306 10.607 305.109 11.480
202309 10.857 307.789 11.648
202312 12.538 306.746 13.497
202403 12.626 312.332 13.349
202406 12.633 314.175 13.278
202409 13.178 315.301 13.801
202412 16.555 315.605 17.321
202503 15.476 319.799 15.980
202506 14.402 322.561 14.744
202509 14.382 324.800 14.622
202512 15.657 324.054 15.955
202603 15.447 330.213 15.447

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of €9.34 mean?
Deckers Outdoor (FRA:DO2) has a Cyclically Adjusted Book per Share of €9.34 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Deckers Outdoor and its competitors.
Is Deckers Outdoor's Cyclically Adjusted Book per Share too high?
Deckers Outdoor's current Cyclically Adjusted Book per Share is €9.34. Overall, Deckers Outdoor has a GF Score™ of 95/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deckers Outdoor's Cyclically Adjusted Book per Share compare to ONON and BIRK?
Deckers Outdoor's Cyclically Adjusted Book per Share of €9.34 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Deckers Outdoor and its competitors. Deckers Outdoor's current Cyclically Adjusted Book per Share is €9.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Deckers Outdoor stock overvalued right now?
Based on GuruFocus' analysis, Deckers Outdoor (FRA:DO2) is currently considered Significantly Undervalued. The stock's GF Value™ is €132.43, compared to a current price of €87.04 — trading 34.3% below its estimated fair value. The current Cyclically Adjusted Book per Share is €9.34. Deckers Outdoor's overall GF Score™ is 95/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Deckers Outdoor (FRA:DO2), the current Cyclically Adjusted Book per Share is €9.34 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Deckers Outdoor (FRA:DO2) Overvalued in 2026?

Based on GuruFocus' analysis, Deckers Outdoor stock appears to be undervalued. The current stock price of €87.04 is trading 34.3% below its estimated GF Value™ of €132.43. GuruFocus considers Deckers Outdoor to be Significantly Undervalued.

Key valuation signals for FRA:DO2:

  • Cyclically Adjusted Book per Share: €9.34
  • GF Value™: €132.43 vs. price of €87.04 (34.3% below fair value)
  • GF Score™: 95/100

No single metric tells the full story. See the FRA:DO2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Deckers Outdoor Business Description

Address 250 Coromar Drive, Goleta, CA, USA, 93117
Founded in 1973, California-based Deckers designs and sells casual and performance footwear, apparel, and accessories. In fiscal 2026, Ugg and Hoka accounted for 50% and 47% of total sales, respectively. The firm also markets a niche sandal brand Teva. Deckers produces most of its sales through wholesale partnerships but also operates e-commerce in more than 50 countries and has more than 200 company-operated stores, about half of which are outlets. The firm generated 58% of its fiscal 2026 sales in the United States.
95GF Score

Get the complete analysis for FRA:DO2

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€87.04
Price
€132.43
GF Value