Is Deckers Outdoor Corp. overvalued or undervalued?

As of 11 September 2025, the valuation grade for Deckers Outdoor Corp. has moved from attractive to fair, indicating a shift in its perceived value. The company appears to be fairly valued based on its current metrics, with a P/E ratio of 17, an EV to EBITDA of 11.56, and a Price to Book Value of 6.49. In comparison, a peer like Deckers has a slightly higher P/E of 17.56, suggesting that the market may be pricing similar companies at a premium.
The company's return performance has been mixed; while it has outperformed the S&P 500 over the 3-year and 5-year periods with returns of 105.39% and 231.52% respectively, it has significantly underperformed in the year-to-date and 1-year periods, with returns of -43.16% and -26.59%. This contrasting performance may reflect market adjustments to its valuation, reinforcing the conclusion that Deckers Outdoor Corp. is fairly valued at this time.