Is Deckers Outdoor Corp. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Deckers Outdoor Corp. has moved from very attractive to attractive, indicating a shift in perceived value. The company appears to be overvalued based on its current metrics, with a P/E ratio of 17, a Price to Book Value of 6.49, and an EV to EBITDA of 11.56. In comparison, a peer such as Deckers Outdoor Corp. has a slightly higher P/E of 17.56, suggesting that while it is in line with industry expectations, it may not offer sufficient upside at its current price.
The recent stock performance shows that Deckers has underperformed against the S&P 500, with a year-to-date return of -59.74% compared to the S&P 500's 14.40%. This significant underperformance, along with the high valuation ratios, reinforces the conclusion that Deckers Outdoor Corp. is overvalued in the current market context.