Deckers OutdoorFRA:DO2 +1.61%99 Altman Z-Score is 11.63 as of Jun. 28, 2026, which is 8% above its 10-year median of 10.78. GuruFocus rates FRA:DO2 with a GF Score™ of 99/100 and a GF Value™ of €131.49 (Significantly Undervalued). Among 1,032 Manufacturing - Apparel & Accessories companies, Deckers Outdoor ranks better than 95.06% on this metric.
The Altman Z-Score is a model designed to predict the likelihood of a company going bankrupt within the next two years. Created by American finance professor Edward Altman in 1968, the model is specifically designed for publicly traded manufacturing companies with assets greater than $1 million.
Good Sign:
Altman Z-score of 11.52 is strong.
Deckers Outdoor has a Altman Z-Score of 11.63, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.
The zones of discrimination were as such:
When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.
The historical rank and industry rank for Deckers Outdoor's Altman Z-Score or its related term are showing as below:
FRA:DO2'
s Altman Z-Score Range Over the Past 10 Years
Min: 6.84 Med: 10.78 Max: 17.97
Current: 11.52
During the past 13 years, Deckers Outdoor's highest Altman Z-Score was 17.97. The lowest was 6.84. And the median was 10.78.
X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.
X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.
X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.
X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.
X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.
Altman Z-Score does not apply to financial companies.
Deckers Outdoor Altman Z-Score Related Terms
Deckers Outdoor Altman Z-Score Historical Data
* Premium members only.
The historical data trend for Deckers Outdoor's Altman Z-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.
FRA:DO2 vs ONON, BIRK, CROX: Altman Z-Score Comparison
For the Footwear & Accessories subindustry, Deckers Outdoor's Altman Z-Score, along with its competitors' market caps and Altman Z-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 Altman Z-Score vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Altman Z-Score distribution charts can be found below:
* The bar in red indicates where Deckers Outdoor's Altman Z-Score falls into.
Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.
Deckers Outdoor's Altman Z-Score for today is calculated with this formula:
Z
=
1.2
*
X1
+
1.4
*
X2
+
3.3
*
X3
+
0.6
*
X4
+
1.0
*
X5
=
1.2
*
0.5549
+
1.4
*
0.6091
+
3.3
*
0.3569
+
0.6
*
12.4367
+
1.0
*
1.4719
=
11.63
* 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. GuruFocus does not calculate Altman Z-Score when X4 or X5 value is 0.
Deckers Outdoor (FRA:DO2) has a Altman Z-Score of 11.63 as of Jun. 28, 2026. The Altman Z-score measures a company's bankruptcy risk. View historical data on Deckers Outdoor and its competitors. This is near median its historical median of 10.78. Over the past decade, Deckers Outdoor's Altman Z-Score has ranged from 6.84 to 17.97. According to the industry distribution chart, Deckers Outdoor ranks #51 out of 1032 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 4.9%.
Is Deckers Outdoor's Altman Z-Score too high?
Deckers Outdoor's current Altman Z-Score of 11.63 is near median its 10-year median of 10.78. Over the past 10 years, this metric has ranged from a low of 6.84 to a high of 17.97. The Manufacturing - Apparel & Accessories industry median Altman Z-Score is 2.51. Deckers Outdoor's value of 11.63 is 364.3% above this industry median. Based on the distribution chart, Deckers Outdoor ranks #51 out of 1032 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 Altman Z-Score compare to ONON and BIRK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Deckers Outdoor ranks #51 out of 1032 companies for Altman Z-Score. This places Deckers Outdoor in the top 5% of its industry — outperforming the majority of peers. The industry median Altman Z-Score is 2.51. Deckers Outdoor's value of 11.63 is 364.3% above this benchmark. Historically, Deckers Outdoor's own Altman Z-Score has ranged from 6.84 to 17.97 over the past decade. While the company's 10-year median is 10.78 vs. the industry median of 2.51, 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 Altman Z-Score for a Manufacturing - Apparel & Accessories company?
The median Altman Z-Score among Manufacturing - Apparel & Accessories companies is 2.51, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Altman Z-Score significantly above this median, while those in the bottom quartile fall well below. However, Altman Z-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Deckers Outdoor's current Altman Z-Score of 11.63 is 364.3% 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 Altman Z-Score mean?
A high Altman Z-Score can signal that a stock is expensive relative to its fundamentals. The Altman Z-score measures a company's bankruptcy risk. View historical data on Deckers Outdoor and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Altman Z-Score is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Deckers Outdoor's current Altman Z-Score is 11.63, which is near median its own 10-year median of 10.78. 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 Altman Z-Score is 11.63, which is near median its 10-year median of 10.78 and 364.3% above the Manufacturing - Apparel & Accessories industry median of 2.51. 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 Altman Z-Score calculated?
Altman Z-Score is calculated from a company's financial statements. For Deckers Outdoor (FRA:DO2), the current Altman Z-Score is 11.63 as of Jun. 28, 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:
Altman Z-Score: 11.63 (near median its 10-year median of 10.78)
GF Value™: €131.49 vs. price of €91.14 (30.7% below fair value)
Industry Position: 364.3% above the Manufacturing - Apparel & Accessories median (#51 of 1032)
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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