Boot Barn Holdings (STU:OBB) Cyclically Adjusted FCF per Share: €1.45 (As of Mar. 2026)

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STU:OBB Boot Barn Holdings Inc STU:OBB
34 GF Score
Price €130.40
GF Value €155.62
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Boot Barn Holdings Cyclically Adjusted FCF per Share?

Boot Barn Holdings STU:OBB +0.58% 34 Cyclically Adjusted FCF per Share is €1.45 as of Mar. 2026. GuruFocus rates STU:OBB with a GF Score™ of 34/100 and a GF Value™ of €155.62 (Modestly Undervalued). The stock has 3 warning signs investors should review.

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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Boot Barn Holdings's adjusted free cash flow per share for the three months ended in Mar. 2026 was €-1.310. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €1.45 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Boot Barn Holdings's average Cyclically Adjusted FCF Growth Rate was 39.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 30.20% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Boot Barn Holdings was 30.20% per year. The lowest was 30.20% per year. And the median was 30.20% per year.

As of today (2026-07-22), Boot Barn Holdings's current stock price is €130.40. Boot Barn Holdings's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was €1.45. Boot Barn Holdings's Cyclically Adjusted Price-to-FCF of today is 89.93.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Boot Barn Holdings was 144.17. The lowest was 58.05. And the median was 97.06.


Boot Barn Holdings  (STU:OBB) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Boot Barn Holdings's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=130.40/1.45
=89.93

* 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 Price-to-FCF of Boot Barn Holdings was 144.17. The lowest was 58.05. And the median was 97.06.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Boot Barn Holdings Cyclically Adjusted FCF per Share Related Terms


Boot Barn Holdings Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Boot Barn Holdings's Cyclically Adjusted FCF 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.

Boot Barn Holdings Cyclically Adjusted FCF per Share Chart

Boot Barn Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.70 1.08 1.11 1.45

Boot Barn Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 1.11 1.17 1.22 1.42 1.45

STU:OBB vs URBN, ANF, VSXY: Cyclically Adjusted FCF per Share Comparison

For the Apparel Retail subindustry, Boot Barn Holdings's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


Boot Barn Holdings Cyclically Adjusted Price-to-FCF vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Boot Barn Holdings's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Boot Barn Holdings's Cyclically Adjusted Price-to-FCF falls into.


STU:OBB
34GF Score
Boot Barn Holdings Inc STU:OBB
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Boot Barn Holdings Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, Boot Barn Holdings's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-1.31/330.2130*330.2130
=-1.310

Current CPI (Mar. 2026) = 330.2130.

Boot Barn Holdings Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -0.414 241.018 -0.567
201609 0.284 241.428 0.388
201612 1.894 241.432 2.590
201703 -1.091 243.801 -1.478
201706 -0.646 244.955 -0.871
201709 0.236 246.819 0.316
201712 2.020 246.524 2.706
201803 -0.967 249.554 -1.280
201806 -0.047 251.989 -0.062
201809 0.115 252.439 0.150
201812 2.053 251.233 2.698
201903 -1.042 254.202 -1.354
201906 -0.255 256.143 -0.329
201909 -0.350 256.759 -0.450
201912 2.110 256.974 2.711
202003 -1.887 258.115 -2.414
202006 0.437 257.797 0.560
202009 0.431 260.280 0.547
202012 2.976 260.474 3.773
202103 -0.240 264.877 -0.299
202106 1.017 271.696 1.236
202109 -0.298 274.310 -0.359
202112 3.617 278.802 4.284
202203 -3.653 287.504 -4.196
202206 -1.451 296.311 -1.617
202209 -2.265 296.808 -2.520
202212 3.695 296.797 4.111
202303 -1.215 301.836 -1.329
202306 1.240 305.109 1.342
202309 1.220 307.789 1.309
202312 2.046 306.746 2.203
202403 -0.954 312.332 -1.009
202406 0.429 314.175 0.451
202409 -1.344 315.301 -1.408
202412 3.529 315.605 3.692
202503 -2.512 319.799 -2.594
202506 1.195 322.561 1.223
202509 -0.493 324.800 -0.501
202512 4.113 324.054 4.191
202603 -1.310 330.213 -1.310

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €1.45 mean?
Boot Barn Holdings (STU:OBB) has a Cyclically Adjusted FCF per Share of €1.45 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Boot Barn Holdings and its competitors.
Is Boot Barn Holdings' Cyclically Adjusted FCF per Share too high?
Boot Barn Holdings' current Cyclically Adjusted FCF per Share is €1.45. Overall, Boot Barn Holdings has a GF Score™ of 34/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Boot Barn Holdings' Cyclically Adjusted FCF per Share compare to URBN and ANF?
Boot Barn Holdings' Cyclically Adjusted FCF per Share of €1.45 can be compared against companies in the Retail - Cyclical 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 FCF per Share for a Retail - Cyclical company?
A good Cyclically Adjusted FCF per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Boot Barn Holdings and its competitors. Boot Barn Holdings's current Cyclically Adjusted FCF per Share is €1.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Boot Barn Holdings stock overvalued right now?
Based on GuruFocus' analysis, Boot Barn Holdings (STU:OBB) is currently considered Modestly Undervalued. The stock's GF Value™ is €155.62, compared to a current price of €130.40 — trading 16.2% below its estimated fair value. The current Cyclically Adjusted FCF per Share is €1.45. Boot Barn Holdings' overall GF Score™ is 34/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Boot Barn Holdings (STU:OBB), the current Cyclically Adjusted FCF per Share is €1.45 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 Boot Barn Holdings (STU:OBB) Overvalued in 2026?

Based on GuruFocus' analysis, Boot Barn Holdings stock appears to be undervalued. The current stock price of €130.40 is trading 16.2% below its estimated GF Value™ of €155.62. GuruFocus considers Boot Barn Holdings to be Modestly Undervalued.

Key valuation signals for STU:OBB:

  • Cyclically Adjusted FCF per Share: €1.45
  • GF Value™: €155.62 vs. price of €130.40 (16.2% below fair value)
  • GF Score™: 34/100 with 3 warning signs

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


Boot Barn Holdings Business Description

Other Exchanges BOOT:USA
Address 17100 Laguna Canyon Road, Irvine, CA, USA, 92618
Boot Barn Holdings Inc operates specialty retail stores that sell western and work boots and related apparel and accessories. The Company operates retail locations throughout the U.S. and sells its merchandise via the Internet. The Company operates a total of approximately 539 stores in 49 states. All stores operated under the Boot Barn name.
34GF Score

Get the complete analysis for STU:OBB

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

€130.40
Price
€155.62
GF Value