Deckers Outdoor (MEX:DECK) Cyclically Adjusted Price-to-FCF: 20.87 (As of Sep. 06, 2026) — 44% Below Median

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Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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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.

MEX:DECK Deckers Outdoor Corp MEX:DECK
72 GF Score
Price MXN1,451.63
GF Value MXN2,507.41
Valuation Significantly Undervalued
View Full Analysis

What is Deckers Outdoor Cyclically Adjusted Price-to-FCF?

Deckers Outdoor MEX:DECK +1.76% 72 Cyclically Adjusted Price-to-FCF is 20.87 as of Sep. 06, 2026, which is 44% below its 10-year median of 37.36. GuruFocus rates MEX:DECK with a GF Score™ of 72/100 and a GF Value™ of MXN2,507.41 (Significantly Undervalued). Among 367 Manufacturing - Apparel & Accessories companies, Deckers Outdoor ranks worse than 63.49% on this metric.

As of today (2026-09-06), Deckers Outdoor's current share price is MXN1451.63. Deckers Outdoor's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was MXN69.55. Deckers Outdoor's Cyclically Adjusted Price-to-FCF for today is 20.87.

The historical rank and industry rank for Deckers Outdoor's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

MEX:DECK' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 16.53   Med: 37.36   Max: 87.9
Current: 22.68

During the past years, Deckers Outdoor's highest Cyclically Adjusted Price-to-FCF was 87.90. The lowest was 16.53. And the median was 37.36.

MEX:DECK's Cyclically Adjusted Price-to-FCF is ranked worse than
63.49% of 367 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 15.05 vs MEX:DECK: 22.68

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.

Deckers Outdoor's adjusted free cash flow per share data for the three months ended in Jun. 2026 was MXN4.116. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is MXN69.55 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Deckers Outdoor  (MEX:DECK) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Deckers Outdoor Cyclically Adjusted Price-to-FCF Related Terms


Deckers Outdoor Cyclically Adjusted Price-to-FCF Historical Data

* Premium members only.

The historical data trend for Deckers Outdoor's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Deckers Outdoor Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.70 45.31 71.25 39.30 27.26

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 Price-to-FCF 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 35.40 32.24 29.41 27.26 26.25

MEX:DECK vs ONON, BIRK, CROX: Cyclically Adjusted Price-to-FCF Comparison

For the Footwear & Accessories subindustry, Deckers Outdoor'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.


Deckers Outdoor Cyclically Adjusted Price-to-FCF vs Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Deckers Outdoor's Cyclically Adjusted Price-to-FCF falls into.


MEX:DECK
72GF Score
Deckers Outdoor Corp MEX:DECK
Cyclically Adjusted Price-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Deckers Outdoor Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Deckers Outdoor's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=1451.63/69.55
=20.87

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.116/333.9520*333.9520
=4.116

Current CPI (Jun. 2026) = 333.9520.

Deckers Outdoor Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -25.516 241.428 -35.295
201612 48.019 241.432 66.421
201703 2.282 243.801 3.126
201706 -1.053 244.955 -1.436
201709 -17.036 246.819 -23.050
201712 43.380 246.524 58.764
201803 5.863 249.554 7.846
201806 0.085 251.989 0.113
201809 -18.232 252.439 -24.119
201812 48.172 251.233 64.033
201903 7.968 254.202 10.468
201906 -5.946 256.143 -7.752
201909 -20.298 256.759 -26.400
201912 49.645 256.974 64.516
202003 5.364 258.115 6.940
202006 1.637 257.797 2.121
202009 -5.355 260.280 -6.871
202012 61.879 260.474 79.335
202103 7.536 264.877 9.501
202106 -6.130 271.696 -7.535
202109 -18.126 274.310 -22.067
202112 47.639 278.802 57.063
202203 -7.826 287.504 -9.090
202206 -5.150 296.311 -5.804
202209 -27.606 296.808 -31.061
202212 83.467 296.797 93.916
202303 3.916 301.836 4.333
202306 10.262 305.109 11.232
202309 -3.376 307.789 -3.663
202312 101.242 306.746 110.221
202403 -4.703 312.332 -5.029
202406 10.758 314.175 11.435
202409 -14.615 315.301 -15.480
202412 146.585 315.605 155.106
202503 -12.045 319.799 -12.578
202506 1.536 322.561 1.590
202509 -1.729 324.800 -1.778
202512 127.320 324.054 131.209
202603 10.029 330.213 10.143
202606 4.116 333.952 4.116

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

What does a Cyclically Adjusted Price-to-FCF of 20.87 mean?
Deckers Outdoor (MEX:DECK) has a Cyclically Adjusted Price-to-FCF of 20.87 as of Sep. 06, 2026. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Deckers Outdoor and its competitors. This is 44% below median its historical median of 37.36. Over the past decade, Deckers Outdoor's Cyclically Adjusted Price-to-FCF has ranged from 16.53 to 87.90. According to the industry distribution chart, Deckers Outdoor ranks #233 out of 367 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 63.5%.
Is Deckers Outdoor's Cyclically Adjusted Price-to-FCF too high?
Deckers Outdoor's current Cyclically Adjusted Price-to-FCF of 20.87 is 44% below median its 10-year median of 37.36. Over the past 10 years, this metric has ranged from a low of 16.53 to a high of 87.90. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted Price-to-FCF is 15.05. Deckers Outdoor's value of 20.87 is 38.7% above this industry median. Based on the distribution chart, Deckers Outdoor ranks #233 out of 367 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Deckers Outdoor has a GF Score™ of 72/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deckers Outdoor's Cyclically Adjusted Price-to-FCF compare to ONON and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Deckers Outdoor ranks #233 out of 367 companies for Cyclically Adjusted Price-to-FCF. This places Deckers Outdoor in the lower half of its industry. The industry median Cyclically Adjusted Price-to-FCF is 15.05. Deckers Outdoor's value of 20.87 is 38.7% above this benchmark. Historically, Deckers Outdoor's own Cyclically Adjusted Price-to-FCF has ranged from 16.53 to 87.90 over the past decade. While the company's 10-year median is 37.36 vs. the industry median of 15.05, Deckers Outdoor has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Price-to-FCF for a Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted Price-to-FCF among Manufacturing - Apparel & Accessories companies is 15.05, based on 367 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted Price-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted Price-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deckers Outdoor's current Cyclically Adjusted Price-to-FCF of 20.87 is 38.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Price-to-FCF mean?
A high Cyclically Adjusted Price-to-FCF can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted Price-to-FCF Ratio is the ratio of share price to a company's inflation-adjusted FCF per share over a 10-year period. View historical data on Deckers Outdoor and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted Price-to-FCF is 15.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deckers Outdoor's current Cyclically Adjusted Price-to-FCF is 20.87, which is 44% below median its own 10-year median of 37.36. 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 (MEX:DECK) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN2,507.41, compared to a current price of MXN1,451.63 — trading 42.1% below its estimated fair value. The current Cyclically Adjusted Price-to-FCF is 20.87, which is 44% below median its 10-year median of 37.36 and 38.7% above the Manufacturing - Apparel & Accessories industry median of 15.05. Deckers Outdoor's overall GF Score™ is 72/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Price-to-FCF calculated?
Cyclically Adjusted Price-to-FCF is calculated from a company's financial statements. For Deckers Outdoor (MEX:DECK), the current Cyclically Adjusted Price-to-FCF is 20.87 as of Sep. 06, 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 (MEX:DECK) Overvalued in 2026?

Based on GuruFocus' analysis, Deckers Outdoor stock appears to be undervalued. The current stock price of MXN1,451.63 is trading 42.1% below its estimated GF Value™ of MXN2,507.41. GuruFocus considers Deckers Outdoor to be Significantly Undervalued.

Key valuation signals for MEX:DECK:

  • Cyclically Adjusted Price-to-FCF: 20.87 (44% below median its 10-year median of 37.36)
  • GF Value™: MXN2,507.41 vs. price of MXN1,451.63 (42.1% below fair value)
  • GF Score™: 72/100
  • Industry Position: 38.7% above the Manufacturing - Apparel & Accessories median (#233 of 367)

No single metric tells the full story. See the MEX: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.
72GF Score

Get the complete analysis for MEX:DECK

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

MXN1,451.63
Price
MXN2,507.41
GF Value