DECK (Deckers Outdoor) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DECK Deckers Outdoor Corp DECK
91 GF Score
Price $78.43
GF Value $148.65
Valuation Significantly Undervalued
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What is Deckers Outdoor Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Deckers Outdoor  (NYSE:DECK) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Deckers Outdoor Cyclically Adjusted PB Ratio Related Terms


Deckers Outdoor Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Deckers Outdoor's Cyclically Adjusted PB Ratio 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 PB Ratio Chart

Deckers Outdoor Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 9.82 18.03 11.24 8.81

Deckers Outdoor Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PB Ratio 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 10.56 10.04 10.01 9.24 8.86

DECK vs ONON, BIRK, CROX: Cyclically Adjusted PB Ratio 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.


DECK
91GF Score
Deckers Outdoor Corp DECK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Deckers Outdoor Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Deckers Outdoor's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=16.834/333.9520*333.9520
=16.834

Current CPI (Jun. 2026) = 333.9520.

Deckers Outdoor Quarterly Data

Book Value per Share CPI Adj_Book
201609 4.973 241.428 6.879
201612 5.068 241.432 7.010
201703 4.972 243.801 6.811
201706 4.759 244.955 6.488
201709 5.040 246.819 6.819
201712 5.421 246.524 7.344
201803 5.150 249.554 6.892
201806 4.951 251.989 6.561
201809 4.805 252.439 6.357
201812 5.824 251.233 7.742
201903 5.977 254.202 7.852
201906 5.727 256.143 7.467
201909 5.459 256.759 7.100
201912 6.693 256.974 8.698
202003 6.787 258.115 8.781
202006 6.766 257.797 8.765
202009 7.377 260.280 9.465
202012 9.000 260.474 11.539
202103 8.624 264.877 10.873
202106 8.549 271.696 10.508
202109 8.850 274.310 10.774
202112 9.573 278.802 11.467
202203 9.505 287.504 11.041
202206 9.226 296.311 10.398
202209 9.540 296.808 10.734
202212 11.187 296.797 12.587
202303 11.243 301.836 12.439
202306 11.492 305.109 12.578
202309 11.587 307.789 12.572
202312 13.672 306.746 14.885
202403 13.724 312.332 14.674
202406 13.598 314.175 14.454
202409 14.626 315.301 15.491
202412 17.335 315.605 18.343
202503 16.731 319.799 17.471
202506 16.611 322.561 17.198
202509 16.880 324.800 17.356
202512 18.334 324.054 18.894
202603 17.857 330.213 18.059
202606 16.834 333.952 16.834

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

Is Deckers Outdoor (DECK) Overvalued in 2026?

Based on GuruFocus' analysis, Deckers Outdoor stock appears to be undervalued. The current stock price of $78.43 is trading 47.2% below its estimated GF Value™ of $148.65. GuruFocus considers Deckers Outdoor to be Significantly Undervalued.

Key valuation signals for DECK:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $148.65 vs. price of $78.43 (47.2% below fair value)
  • GF Score™: 91/100

No single metric tells the full story. See the DECK 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.
91GF Score

Get the complete analysis for DECK

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

$78.43
Price
$148.65
GF Value