Price to Book Value (P/BV)
since 2005
Calculation
Deckers Outdoor Corp., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| May 26, 2023 | 6.89 | = | 465.18 | ÷ | 67.50 | 67.50 | = | 1,765,733 | ÷ | 26,159,846 | |
| May 27, 2022 | 4.73 | = | 271.85 | ÷ | 57.44 | 57.44 | = | 1,538,825 | ÷ | 26,789,861 | |
| May 28, 2021 | 6.46 | = | 335.44 | ÷ | 51.93 | 51.93 | = | 1,444,225 | ÷ | 27,813,023 | |
| Jun 1, 2020 | 4.81 | = | 195.82 | ÷ | 40.72 | 40.72 | = | 1,140,120 | ÷ | 27,999,468 | |
| May 30, 2019 | 4.23 | = | 151.73 | ÷ | 35.86 | 35.86 | = | 1,045,130 | ÷ | 29,142,002 | |
| May 30, 2018 | 3.56 | = | 110.00 | ÷ | 30.90 | 30.90 | = | 940,779 | ÷ | 30,447,808 | |
| May 30, 2017 | 2.28 | = | 67.91 | ÷ | 29.83 | 29.83 | = | 954,255 | ÷ | 31,990,065 | |
| May 31, 2016 | 1.74 | = | 52.59 | ÷ | 30.21 | 30.21 | = | 967,471 | ÷ | 32,023,300 | |
| Jun 1, 2015 | 2.43 | = | 68.35 | ÷ | 28.14 | 28.14 | = | 937,012 | ÷ | 33,296,968 | |
| Jun 1, 2015 | 2.56 | = | 68.35 | ÷ | 26.69 | 26.69 | = | 888,849 | ÷ | 33,296,968 | |
| Mar 3, 2014 | 2.84 | = | 72.87 | ÷ | 25.65 | 25.65 | = | 888,119 | ÷ | 34,620,587 | |
| Mar 1, 2013 | 2.17 | = | 46.62 | ÷ | 21.48 | 21.48 | = | 738,801 | ÷ | 34,402,209 | |
| Feb 29, 2012 | 3.46 | = | 74.76 | ÷ | 21.60 | 21.60 | = | 835,936 | ÷ | 38,693,544 | |
| Mar 1, 2011 | 4.94 | = | 83.66 | ÷ | 16.92 | 16.92 | = | 652,987 | ÷ | 38,581,395 | |
| Mar 1, 2010 | 3.22 | = | 40.93 | ÷ | 12.72 | 12.72 | = | 491,358 | ÷ | 38,625,441 | |
| Mar 2, 2009 | 1.28 | = | 12.57 | ÷ | 9.79 | 9.79 | = | 384,252 | ÷ | 39,268,914 | |
| Feb 29, 2008 | 4.82 | = | 36.88 | ÷ | 7.65 | 7.65 | = | 298,638 | ÷ | 39,019,074 | |
| Mar 16, 2007 | 4.18 | = | 23.30 | ÷ | 5.57 | 5.57 | = | 210,410 | ÷ | 37,778,064 | |
| Mar 9, 2006 | 2.48 | = | 11.78 | ÷ | 4.75 | 4.75 | = | 177,555 | ÷ | 37,394,568 |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Deckers Outdoor Corp. Annual Report.
The analysis of the financial data over the periods reveals notable fluctuations and trends in the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio.
- Share Price
- The share price experienced significant volatility throughout the timeline. Initially, it rose sharply from $11.78 in March 2006 to a peak of $83.66 by March 2011, signaling substantial market confidence or growth expectations during this period. This was followed by a decline to $46.62 by March 2013, suggesting a correction or market reassessment. Subsequently, the share price fluctuated again but showed an overall upward trajectory from 2014 onward, culminating in a considerable increase to $465.18 by May 2023. This long-term upward trend indicates growing investor demand and possibly improved company performance or market positioning.
- Book Value Per Share (BVPS)
- BVPS demonstrated a consistent and steady increase over the entire period reviewed. Starting at $4.75 in March 2006, it progressively rose to reach $67.50 by May 2023. This continuous growth reflects an accumulation of equity or retained earnings over time, suggesting the company has maintained profitability and expanded its net asset base effectively.
- Price-to-Book Value (P/BV) Ratio
- The P/BV ratio, which relates the market price to the company's book value, exhibited substantial variability. Early in the period, it peaked at 4.94 in March 2011, indicating the market valued the company at nearly five times its book value, which can imply high investor expectations. Following this peak, the ratio declined and fluctuated around lower levels, reaching as low as 1.28 in March 2009, which may imply undervaluation or market skepticism during that time. In more recent years, particularly from 2017 onward, the P/BV ratio increased again, reaching 6.89 by May 2023, the highest level in the period analyzed. This suggests that despite the rise in book value, market participants are willing to pay a significantly higher premium, possibly due to improved growth prospects or brand strength.
Overall, the data illustrate a company that has consistently grown its net assets and paid increasing attention to market valuation. The rising share price combined with a steady increase in BVPS points to solid underlying business fundamentals, while the fluctuating yet elevated P/BV ratios in recent years highlight strong investor confidence and potentially high growth expectations relative to the company’s net book asset value.
Comparison to Competitors
Deckers Outdoor Corp., P/BV, long-term trends, comparison to competitors
| Deckers Outdoor Corp. | lululemon athletica inc. | Nike Inc. | |
|---|---|---|---|
| May 26, 2023 | 6.89 | 12.94 | 11.75 |
| May 27, 2022 | 4.73 | 16.06 | 11.46 |
| May 28, 2021 | 6.46 | 16.16 | 19.79 |
| Jun 1, 2020 | 4.81 | 13.39 | 19.06 |
| May 30, 2019 | 4.23 | 13.29 | 15.03 |
| May 30, 2018 | 3.56 | 6.68 | 12.59 |
| May 30, 2017 | 2.28 | 6.68 | 7.83 |
| May 31, 2016 | 1.74 | 9.06 | 7.80 |
| Jun 1, 2015 | 2.43 | 8.33 | 7.67 |
| Jun 1, 2015 | 2.56 | 6.79 | 6.23 |
| Mar 3, 2014 | 2.84 | 10.53 | 5.04 |
| Mar 1, 2013 | 2.17 | 18.13 | 4.08 |
| Feb 29, 2012 | 3.46 | 13.94 | 4.42 |
| Mar 1, 2011 | 4.94 | 11.92 | 3.46 |
| Mar 1, 2010 | 3.22 | 3.80 | 2.93 |
| Mar 2, 2009 | 1.28 | 20.02 | 3.59 |
| Feb 29, 2008 | 4.82 | — | 3.96 |
| Mar 16, 2007 | 4.18 | — | 3.25 |
| Mar 9, 2006 | 2.48 | — | 3.89 |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Consumer Durables & Apparel)
Deckers Outdoor Corp., P/BV, long-term trends, comparison to sector (consumer durables & apparel)
| Deckers Outdoor Corp. | Consumer Durables & Apparel | |
|---|---|---|
| May 26, 2023 | 6.89 | 11.97 |
| May 27, 2022 | 4.73 | 12.16 |
| May 28, 2021 | 6.46 | 19.18 |
| Jun 1, 2020 | 4.81 | 17.95 |
| May 30, 2019 | 4.23 | 14.79 |
| May 30, 2018 | 3.56 | 11.76 |
| May 30, 2017 | 2.28 | 7.71 |
| May 31, 2016 | 1.74 | 7.90 |
| Jun 1, 2015 | 2.43 | 7.73 |
| Jun 1, 2015 | 2.56 | 6.29 |
| Mar 3, 2014 | 2.84 | 5.45 |
| Mar 1, 2013 | 2.17 | 4.85 |
| Feb 29, 2012 | 3.46 | 4.79 |
| Mar 1, 2011 | 4.94 | 3.66 |
| Mar 1, 2010 | 3.22 | 2.94 |
| Mar 2, 2009 | 1.28 | 3.82 |
| Feb 29, 2008 | 4.82 | 3.96 |
| Mar 16, 2007 | 4.18 | 3.25 |
| Mar 9, 2006 | 2.48 | 3.89 |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Discretionary)
Deckers Outdoor Corp., P/BV, long-term trends, comparison to industry (consumer discretionary)
| Deckers Outdoor Corp. | Consumer Discretionary | |
|---|---|---|
| May 26, 2023 | 6.89 | 10.06 |
| May 27, 2022 | 4.73 | 9.41 |
| May 28, 2021 | 6.46 | 13.21 |
| Jun 1, 2020 | 4.81 | 17.99 |
| May 30, 2019 | 4.23 | 13.59 |
| May 30, 2018 | 3.56 | 11.35 |
| May 30, 2017 | 2.28 | 10.74 |
| May 31, 2016 | 1.74 | 8.39 |
| Jun 1, 2015 | 2.43 | 7.17 |
| Jun 1, 2015 | 2.56 | 5.83 |
| Mar 3, 2014 | 2.84 | 5.12 |
| Mar 1, 2013 | 2.17 | 4.39 |
| Feb 29, 2012 | 3.46 | 3.84 |
| Mar 1, 2011 | 4.94 | 4.04 |
| Mar 1, 2010 | 3.22 | 4.73 |
| Mar 2, 2009 | 1.28 | 4.98 |
| Feb 29, 2008 | 4.82 | 3.91 |
| Mar 16, 2007 | 4.18 | 4.50 |
| Mar 9, 2006 | 2.48 | 3.49 |
Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).