Deckers Outdoor Corp. (NYSE:DECK)

The share price exhibited considerable volatility along with a generally strong upward trend over the analyzed periods. Starting at $11.78 in early 2006, the price increased substantially to a peak of $83.66 in 2011. Thereafter, fluctuations were observed, including a decline to $46.62 in early 2013, followed by a recovery and a sharp rise reaching $465.18 by mid-2023. This represents a significant long-term appreciation, despite intermittent periods of correction and consolidation.

Operating profit per share followed a broadly positive trajectory with some variability. The metric rose from $1.40 in 2006 to a peak of $7.36 in 2012, followed by a period of oscillation and minor declines, notably reaching slightly negative values in certain years (e.g., -$0.01 in 2015 and -$0.06 in 2017). From 2018 onward, a strong recovery is evident, with operating profit per share increasing sharply to $24.95 in 2023. This trend suggests improved operational efficiency or profitability in recent years.

The price-to-operating profit ratio (P/OP) demonstrated fluctuations indicative of changing market valuations relative to earnings performance. Initially, the ratio increased from 8.43 in 2006 to 17.11 in 2007, reflecting a rise in the share price relative to operating profit. Subsequently, the ratio declined sharply to as low as 4.22 in 2009, signaling undervaluation or improved profitability at that time. From 2010 onward, the P/OP ratio generally oscillated between roughly 8 and 18, with no clear trend but showing some peaks in 2018 (15.05) and 2023 (18.64). The incomplete data points limit comprehensive longitudinal analysis but the available data suggest periods of higher market optimism alternating with more conservative valuations.

Overall, the data indicate strong share price appreciation driven by rising operating profit per share over the long term, with periods of volatility in both market valuation multiples and profitability metrics. The increase in operating profit per share from 2018 through 2023 is particularly notable and correlates with the sharp rise in share price during that period, reflecting enhanced operational performance and investor confidence.

Share Price

Marked by significant growth with fluctuations, culminating in a substantial increase to $465.18 by 2023.

Operating Profit per Share

Trend of improvement over the long term, with some transient negative results; a pronounced increase seen in recent years up to $24.95 in 2023.

Price-to-Operating Profit Ratio (P/OP)

Variable over time, reflecting changes in market valuation and earnings; no consistent upward or downward trend but noticeable swings suggest market sentiment shifts.