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Deckers OutdoorWBO:DECK +3.40%72 Earnings Yield (Joel Greenblatt) % is 10.65% as of Mar. 2026, which is 59% above its 10-year median of 6.71. GuruFocus rates WBO:DECK with a GF Score™ of 72/100 and a GF Value™ of €134.24 (Modestly Undervalued). Among 1,067 Manufacturing - Apparel & Accessories companies, Deckers Outdoor ranks better than 73.85% on this metric.
Deckers Outdoor's Enterprise Value for the quarter that ended in Mar. 2026 was €10,570 Mil.
Deckers Outdoor's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €1,138 Mil. Deckers Outdoor's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 10.65%.
The historical rank and industry rank for Deckers Outdoor's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
WBO:DECK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 0.02 Med: 6.71 Max: 13.92
Current: 9.89
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Deckers Outdoor was 13.92%. The lowest was 0.02%. And the median was 6.71%.
WBO:DECK's Earnings Yield (Joel Greenblatt) % is ranked better than 73.85% of 1067
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.07
vs WBO:DECK: 9.89
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Deckers Outdoor's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 24.56%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Deckers Outdoor Earnings Yield (Joel Greenblatt) % Related Terms
Deckers Outdoor Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Deckers Outdoor's Earnings Yield (Joel Greenblatt) % 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.
For the Footwear & Accessories subindustry, Deckers Outdoor's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Deckers Outdoor's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Deckers Outdoors Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Mar. 2026 is calculated as
Deckers Outdoor's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,138 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 10.65% mean?
Deckers Outdoor (WBO:DECK) has a Earnings Yield (Joel Greenblatt) % of 10.65% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Deckers Outdoor and its competitors. This is 59% above median its historical median of 6.71. Over the past decade, Deckers Outdoor's Earnings Yield (Joel Greenblatt) % has ranged from 0.02 to 13.92. According to the industry distribution chart, Deckers Outdoor ranks #279 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.1%.
Is Deckers Outdoor's Earnings Yield (Joel Greenblatt) % too high?
Deckers Outdoor's current Earnings Yield (Joel Greenblatt) % of 10.65% is 59% above median its 10-year median of 6.71. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 13.92. The Manufacturing - Apparel & Accessories industry median Earnings Yield (Joel Greenblatt) % is 5.07. Deckers Outdoor's value of 10.65% is 110.1% above this industry median. Based on the distribution chart, Deckers Outdoor ranks #279 out of 1067 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Deckers Outdoor has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deckers Outdoor's Earnings Yield (Joel Greenblatt) % compare to ONON and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Deckers Outdoor ranks #279 out of 1067 companies for Earnings Yield (Joel Greenblatt) %. This puts Deckers Outdoor in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.07. Deckers Outdoor's value of 10.65% is 110.1% above this benchmark. Historically, Deckers Outdoor's own Earnings Yield (Joel Greenblatt) % has ranged from 0.02 to 13.92 over the past decade. While the company's 10-year median is 6.71 vs. the industry median of 5.07, 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 Earnings Yield (Joel Greenblatt) % for a Manufacturing - Apparel & Accessories company?
The median Earnings Yield (Joel Greenblatt) % among Manufacturing - Apparel & Accessories companies is 5.07, based on 1,067 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deckers Outdoor's current Earnings Yield (Joel Greenblatt) % of 10.65% is 110.1% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Deckers Outdoor and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Earnings Yield (Joel Greenblatt) % is 5.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deckers Outdoor's current Earnings Yield (Joel Greenblatt) % is 10.65%, which is 59% above median its own 10-year median of 6.71. 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 (WBO:DECK) is currently considered Modestly Undervalued. The stock's GF Value™ is €134.24, compared to a current price of €95.44 — trading 28.9% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 10.65%, which is 59% above median its 10-year median of 6.71 and 110.1% above the Manufacturing - Apparel & Accessories industry median of 5.07. 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 Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Deckers Outdoor (WBO:DECK), the current Earnings Yield (Joel Greenblatt) % is 10.65% 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 (WBO:DECK) Overvalued in 2026?
Based on GuruFocus' analysis, Deckers Outdoor stock appears to be undervalued.
The current stock price of €95.44 is trading 28.9% below its estimated GF Value™ of €134.24.
GuruFocus considers Deckers Outdoor to be Modestly Undervalued.
Key valuation signals for WBO:DECK:
Earnings Yield (Joel Greenblatt) %: 10.65% (59% above median its 10-year median of 6.71)
GF Value™: €134.24 vs. price of €95.44 (28.9% below fair value)
Industry Position: 110.1% above the Manufacturing - Apparel & Accessories median (#279 of 1067)
No single metric tells the full story. See the WBO:DECK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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