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Deckers OutdoorMEX:DECK +3.39%78 Beneish M-Score is -2.77 as of Jul. 14, 2026. GuruFocus rates MEX:DECK with a GF Score™ of 78/100 and a GF Value™ of MXN2,662.67 (Modestly Undervalued). Among 997 Manufacturing - Apparel & Accessories companies, Deckers Outdoor ranks better than 68.91% on this metric.
The zones of discrimination for M-Score is as such:
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Good Sign:
Beneish M-Score -2.77 no higher than -1.78, which implies that the company is unlikely to be a manipulator.
The historical rank and industry rank for Deckers Outdoor's Beneish M-Score or its related term are showing as below:
MEX:DECK'
s Beneish M-Score Range Over the Past 10 Years
Min: -3.51 Med: -2.75 Max: -1.4
Current: -2.77
During the past 13 years, the highest Beneish M-Score of Deckers Outdoor was -1.40. The lowest was -3.51. And the median was -2.75.
Deckers Outdoor Beneish M-Score Related Terms
Deckers Outdoor Beneish M-Score Historical Data
* Premium members only.
The historical data trend for Deckers Outdoor's Beneish M-Score 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.
MEX:DECK vs ONON, BIRK, CROX: Beneish M-Score Comparison
For the Footwear & Accessories subindustry, Deckers Outdoor's Beneish M-Score, along with its competitors' market caps and Beneish M-Score 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 Beneish M-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Beneish M-Score distribution charts can be found below:
* The bar in red indicates where Deckers Outdoor's Beneish M-Score falls into.
The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.
The M-Score Variables:
The M-score of Deckers Outdoor for today is based on a combination of the following eight different indices:
M
=
-4.84
+
0.92 * DSRI
+
0.528 * GMI
+
0.404 * AQI
+
0.892 * SGI
+
0.115 * DEPI
=
-4.84
+
0.92 * 0.7661
+
0.528 * 1.0044
+
0.404 * 1.0844
+
0.892 * 0.9989
+
0.115 * 1.0403
-
0.172 * SGAI
+
4.679 * TATA
-
0.327 * LVGI
-
0.172 * 1.0165
+
4.679 * -0.040782
-
0.327 * 1.0685
=
-2.87
* 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.
Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.
DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.
DEPI
=
(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))
/
(Depreciation_t / (Depreciaton_t + PPE_t))
=
(1376.365 / (1376.365 + 11516.964))
/
(1387.528 / (1387.528 + 12133.843))
=
0.10675
/
0.102617
=
1.0403
Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.
6. SGAI = Sales, General and Administrative expenses Index
Total accruals calculated as the change in working capital accounts other than cash less depreciation.
TATA
=
(IncomefromContinuingOperations_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(NetIncome_t - NonOperatingIncome_t
-
CashFlowsfromOperations_t)
/
TotalAssets_t
=
(18648.179 - 43.154
-
21317.019)
/
66500.36
=
-0.040782
An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.
Deckers Outdoor has a M-score of -2.87 suggests that the company is unlikely to be a manipulator.
Deckers Outdoor (MEX:DECK) has a Beneish M-Score of -2.77 as of Jul. 14, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Deckers Outdoor and its competitors. According to the industry distribution chart, Deckers Outdoor ranks #310 out of 997 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 31.1%.
Is Deckers Outdoor's Beneish M-Score too high?
Deckers Outdoor's current Beneish M-Score is -2.77. Based on the distribution chart, Deckers Outdoor ranks #310 out of 997 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Deckers Outdoor has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deckers Outdoor's Beneish M-Score compare to ONON and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Deckers Outdoor ranks #310 out of 997 companies for Beneish M-Score. This puts Deckers Outdoor in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a Manufacturing - Apparel & Accessories company?
A good Beneish M-Score depends on the Manufacturing - Apparel & Accessories industry context. However, Beneish M-Score 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 Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on Deckers Outdoor and its competitors. Deckers Outdoor's current Beneish M-Score is -2.77. 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 Modestly Undervalued. The stock's GF Value™ is MXN2,662.67, compared to a current price of MXN1,893.00 — trading 28.9% below its estimated fair value. The current Beneish M-Score is -2.77. Deckers Outdoor's overall GF Score™ is 78/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For Deckers Outdoor (MEX:DECK), the current Beneish M-Score is -2.77 as of Jul. 14, 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 MXN1,893.00 is trading 28.9% below its estimated GF Value™ of MXN2,662.67.
GuruFocus considers Deckers Outdoor to be Modestly Undervalued.
Key valuation signals for MEX:DECK:
Beneish M-Score: -2.77
GF Value™: MXN2,662.67 vs. price of MXN1,893.00 (28.9% below fair value)
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.
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.
78GF Score
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