Deckers Outdoor (FRA:DO2) Scaled Net Operating Assets: 0.24 (As of Mar. 2026)


FRA:DO2 Deckers Outdoor Corp FRA:DO2
99 GF Score
Price €91.14
GF Value €131.49
Valuation Significantly Undervalued
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What is Deckers Outdoor Scaled Net Operating Assets?

Deckers Outdoor FRA:DO2 +1.61% 99 Scaled Net Operating Assets is 0.24 as of Mar. 2026. GuruFocus rates FRA:DO2 with a GF Score™ of 99/100 and a GF Value™ of €131.49 (Significantly Undervalued).

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Deckers Outdoor's operating assets for the quarter that ended in Mar. 2026 was €1,540 Mil. Deckers Outdoor's operating liabilities for the quarter that ended in Mar. 2026 was €703 Mil. Deckers Outdoor's Total Assets for the quarter that ended in Dec. 2025 was €3,503 Mil. Therefore, Deckers Outdoor's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.24.


Deckers Outdoor Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for Deckers Outdoor's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

Deckers Outdoor Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.46 0.45 0.34 0.29 0.25

Deckers Outdoor Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets 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 0.22 0.28 0.36 0.23 0.24

FRA:DO2 vs ONON, BIRK, CROX: Scaled Net Operating Assets Comparison

For the Footwear & Accessories subindustry, Deckers Outdoor's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Deckers Outdoor's Scaled Net Operating Assets falls into.


FRA:DO2
99GF Score
Deckers Outdoor Corp FRA:DO2
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Deckers Outdoor Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Deckers Outdoor's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Mar. 2025 )
=(1540.147-703.188)/3302.483
=0.25

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3189.917 - 1649.77
=1540.147

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1027.73 - 251.942 - 72.6
=703.188

Deckers Outdoor's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(1540.147-703.188)/3503.236
=0.24

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=3189.917 - 1649.77
=1540.147

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=1027.73 - 251.942 - 72.6
=703.188

* 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.

What does a Scaled Net Operating Assets of 0.24 mean?
Deckers Outdoor (FRA:DO2) has a Scaled Net Operating Assets of 0.24 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Deckers Outdoor and its competitors.
Is Deckers Outdoor's Scaled Net Operating Assets too high?
Deckers Outdoor's current Scaled Net Operating Assets is 0.24. 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 Scaled Net Operating Assets compare to ONON and BIRK?
Deckers Outdoor's Scaled Net Operating Assets of 0.24 can be compared against companies in the Manufacturing - Apparel & Accessories industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Manufacturing - Apparel & Accessories company?
A good Scaled Net Operating Assets depends on the Manufacturing - Apparel & Accessories industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Deckers Outdoor and its competitors. Deckers Outdoor's current Scaled Net Operating Assets is 0.24. 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 €131.49, compared to a current price of €91.14 — trading 30.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.24. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Deckers Outdoor (FRA:DO2), the current Scaled Net Operating Assets is 0.24 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:

  • Scaled Net Operating Assets: 0.24
  • GF Value™: €131.49 vs. price of €91.14 (30.7% below fair value)
  • GF Score™: 99/100

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.


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.
99GF Score

Get the complete analysis for FRA:DO2

Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€91.14
Price
€131.49
GF Value