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 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 remarkable ROE of 38.44%. In comparison, its peer, which has a P/E of 17.56 and an EV to EBITDA of 12.21, suggests that Deckers is competitively priced within its industry.
Despite the attractive valuation, recent performance shows that Deckers has underperformed relative to the S&P 500, particularly in the year-to-date return of -60.69% compared to the S&P 500's 14.40%. This significant underperformance over the past year may indicate underlying challenges that could affect future valuation.