Deckers OutdoorFRA:DO2 -0.02%94 Return-on-Tangible-Equity is 21.62% as of Mar. 2026, which is 31% below its 10-year median of 31.24. GuruFocus rates FRA:DO2 with a GF Score™ of 94/100 and a GF Value™ of €131.60 (Significantly Undervalued). Among 1,010 Manufacturing - Apparel & Accessories companies, Deckers Outdoor ranks better than 94.95% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Deckers Outdoor's annualized net income for the quarter that ended in Mar. 2026 was €469 Mil. Deckers Outdoor's average shareholder tangible equity for the quarter that ended in Mar. 2026 was €2,170 Mil. Therefore, Deckers Outdoor's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 21.62%.
The historical rank and industry rank for Deckers Outdoor's Return-on-Tangible-Equity or its related term are showing as below:
FRA:DO2'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 0.7 Med: 31.24 Max: 42.47
Current: 41.27
During the past 13 years, Deckers Outdoor's highest Return-on-Tangible-Equity was 42.47%. The lowest was 0.70%. And the median was 31.24%.
FRA:DO2's Return-on-Tangible-Equity is ranked better than 94.95% of 1010
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 4.43
vs FRA:DO2: 41.27
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Deckers Outdoor Return-on-Tangible-Equity Related Terms
Deckers Outdoor Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Deckers Outdoor's Return-on-Tangible-Equity 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.
FRA:DO2 vs ONON, BIRK, CROX: Return-on-Tangible-Equity Comparison
For the Footwear & Accessories subindustry, Deckers Outdoor's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Deckers Outdoor's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 21.62% mean?
Deckers Outdoor (FRA:DO2) has a Return-on-Tangible-Equity of 21.62% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Deckers Outdoor and its competitors. This is 31% below median its historical median of 31.24. Over the past decade, Deckers Outdoor's Return-on-Tangible-Equity has ranged from 0.70 to 42.47. According to the industry distribution chart, Deckers Outdoor ranks #51 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 5%.
Is Deckers Outdoor's Return-on-Tangible-Equity too high?
Deckers Outdoor's current Return-on-Tangible-Equity of 21.62% is 31% below median its 10-year median of 31.24. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 42.47. The Manufacturing - Apparel & Accessories industry median Return-on-Tangible-Equity is 4.43. Deckers Outdoor's value of 21.62% is 388% above this industry median. Based on the distribution chart, Deckers Outdoor ranks #51 out of 1010 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Deckers Outdoor has a GF Score™ of 94/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deckers Outdoor's Return-on-Tangible-Equity compare to ONON and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Deckers Outdoor ranks #51 out of 1010 companies for Return-on-Tangible-Equity. This places Deckers Outdoor in the top 5% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 4.43. Deckers Outdoor's value of 21.62% is 388% above this benchmark. Historically, Deckers Outdoor's own Return-on-Tangible-Equity has ranged from 0.70 to 42.47 over the past decade. While the company's 10-year median is 31.24 vs. the industry median of 4.43, 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 Return-on-Tangible-Equity for a Manufacturing - Apparel & Accessories company?
The median Return-on-Tangible-Equity among Manufacturing - Apparel & Accessories companies is 4.43, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deckers Outdoor's current Return-on-Tangible-Equity of 21.62% is 388% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Deckers Outdoor and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Return-on-Tangible-Equity is 4.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deckers Outdoor's current Return-on-Tangible-Equity is 21.62%, which is 31% below median its own 10-year median of 31.24. 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 (FRA:DO2) is currently considered Significantly Undervalued. The stock's GF Value™ is €131.60, compared to a current price of €91.12 — trading 30.8% below its estimated fair value. The current Return-on-Tangible-Equity is 21.62%, which is 31% below median its 10-year median of 31.24 and 388% above the Manufacturing - Apparel & Accessories industry median of 4.43. Deckers Outdoor's overall GF Score™ is 94/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Deckers Outdoor (FRA:DO2), the current Return-on-Tangible-Equity is 21.62% 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 (FRA:DO2) Overvalued in 2026?
Based on GuruFocus' analysis, Deckers Outdoor stock appears to be undervalued.
The current stock price of €91.12 is trading 30.8% below its estimated GF Value™ of €131.60.
GuruFocus considers Deckers Outdoor to be Significantly Undervalued.
Key valuation signals for FRA:DO2:
Return-on-Tangible-Equity: 21.62% (31% below median its 10-year median of 31.24)
GF Value™: €131.60 vs. price of €91.12 (30.8% below fair value)
Industry Position: 388% above the Manufacturing - Apparel & Accessories median (#51 of 1010)
No single metric tells the full story. See the FRA:DO2 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.
94GF Score
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