Deckers OutdoorFRA:DO2 +1.61%99 ROE % is 21.37% as of Mar. 2026, which is 29% below its 10-year median of 29.96. GuruFocus rates FRA:DO2 with a GF Score™ of 99/100 and a GF Value™ of €131.49 (Significantly Undervalued). Among 1,024 Manufacturing - Apparel & Accessories companies, Deckers Outdoor ranks better than 96.78% on this metric.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Deckers Outdoor ROE % Related Terms
Deckers Outdoor ROE % Historical Data
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The historical data trend for Deckers Outdoor's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's ROE % distribution charts can be found below:
* The bar in red indicates where Deckers Outdoor's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Deckers Outdoor (FRA:DO2) has a ROE % of 21.37% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Deckers Outdoor and its competitors. This is 29% below median its historical median of 29.96. Over the past decade, Deckers Outdoor's ROE % has ranged from 0.59 to 41.82. According to the industry distribution chart, Deckers Outdoor ranks #33 out of 1024 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 3.2%.
Is Deckers Outdoor's ROE % too high?
Deckers Outdoor's current ROE % of 21.37% is 29% below median its 10-year median of 29.96. Over the past 10 years, this metric has ranged from a low of 0.59 to a high of 41.82. The Manufacturing - Apparel & Accessories industry median ROE % is 4.14. Deckers Outdoor's value of 21.37% is 416.8% above this industry median. Based on the distribution chart, Deckers Outdoor ranks #33 out of 1024 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 99/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Deckers Outdoor's ROE % compare to ONON and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Deckers Outdoor ranks #33 out of 1024 companies for ROE %. This places Deckers Outdoor in the top 3% of its industry — outperforming the majority of peers. The industry median ROE % is 4.14. Deckers Outdoor's value of 21.37% is 416.8% above this benchmark. Historically, Deckers Outdoor's own ROE % has ranged from 0.59 to 41.82 over the past decade. While the company's 10-year median is 29.96 vs. the industry median of 4.14, 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 ROE % for a Manufacturing - Apparel & Accessories company?
The median ROE % among Manufacturing - Apparel & Accessories companies is 4.14, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deckers Outdoor's current ROE % of 21.37% is 416.8% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Deckers Outdoor and its competitors. For the Manufacturing - Apparel & Accessories industry, the median ROE % is 4.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deckers Outdoor's current ROE % is 21.37%, which is 29% below median its own 10-year median of 29.96. 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 €131.49, compared to a current price of €91.14 — trading 30.7% below its estimated fair value. The current ROE % is 21.37%, which is 29% below median its 10-year median of 29.96 and 416.8% above the Manufacturing - Apparel & Accessories industry median of 4.14. Deckers Outdoor's overall GF Score™ is 99/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Deckers Outdoor (FRA:DO2), the current ROE % is 21.37% 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 €91.14 is trading 30.7% below its estimated GF Value™ of €131.49.
GuruFocus considers Deckers Outdoor to be Significantly Undervalued.
Key valuation signals for FRA:DO2:
ROE %: 21.37% (29% below median its 10-year median of 29.96)
GF Value™: €131.49 vs. price of €91.14 (30.7% below fair value)
Industry Position: 416.8% above the Manufacturing - Apparel & Accessories median (#33 of 1024)
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.
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