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Deckers Outdoor (FRA:DO2) Cyclically Adjusted Book per Share : €45.73 (As of Mar. 2024)


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What is Deckers Outdoor Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Deckers Outdoor's adjusted book value per share for the three months ended in Mar. 2024 was €75.758. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €45.73 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Deckers Outdoor's average Cyclically Adjusted Book Growth Rate was 14.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.00% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.00% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 14.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Deckers Outdoor was 24.90% per year. The lowest was 7.20% per year. And the median was 15.00% per year.

As of today (2024-06-11), Deckers Outdoor's current stock price is €981.40. Deckers Outdoor's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €45.73. Deckers Outdoor's Cyclically Adjusted PB Ratio of today is 21.46.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Deckers Outdoor was 21.80. The lowest was 2.44. And the median was 6.09.


Deckers Outdoor Cyclically Adjusted Book per Share Historical Data

The historical data trend for Deckers Outdoor's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Deckers Outdoor Cyclically Adjusted Book per Share Chart

Deckers Outdoor Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.38 26.84 36.01 39.77 45.73

Deckers Outdoor Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 39.77 40.32 43.94 43.47 45.73

Competitive Comparison of Deckers Outdoor's Cyclically Adjusted Book per Share

For the Footwear & Accessories subindustry, Deckers Outdoor's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Deckers Outdoor's Cyclically Adjusted PB Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Deckers Outdoor's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Deckers Outdoor's Cyclically Adjusted PB Ratio falls into.



Deckers Outdoor Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Deckers Outdoor's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=75.758/131.7762*131.7762
=75.758

Current CPI (Mar. 2024) = 131.7762.

Deckers Outdoor Quarterly Data

Book Value per Share CPI Adj_Book
201406 18.174 100.560 23.816
201409 0.000 100.428 0.000
201412 0.000 99.070 0.000
201503 26.006 99.621 34.400
201506 23.120 100.684 30.260
201509 23.824 100.392 31.272
201512 28.875 99.792 38.130
201603 27.133 100.470 35.587
201606 25.483 101.688 33.023
201609 26.584 101.861 34.391
201612 28.824 101.863 37.289
201703 27.893 102.862 35.734
201706 25.412 103.349 32.402
201709 25.372 104.136 32.106
201712 27.482 104.011 34.818
201803 25.059 105.290 31.363
201806 25.429 106.317 31.518
201809 24.708 106.507 30.570
201812 30.717 105.998 38.187
201903 31.740 107.251 38.998
201906 30.410 108.070 37.081
201909 29.741 108.329 36.178
201912 36.144 108.420 43.930
202003 36.852 108.902 44.593
202006 36.050 108.767 43.676
202009 37.578 109.815 45.093
202012 44.385 109.897 53.222
202103 43.466 111.754 51.253
202106 42.575 114.631 48.943
202109 45.133 115.734 51.389
202112 50.831 117.630 56.944
202203 51.785 121.301 56.257
202206 52.367 125.017 55.198
202209 57.815 125.227 60.839
202212 63.362 125.222 66.679
202303 63.004 127.348 65.195
202306 63.642 128.729 65.149
202309 65.140 129.860 66.101
202312 75.226 129.419 76.596
202403 75.758 131.776 75.758

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Deckers Outdoor  (FRA:DO2) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Deckers Outdoor's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=981.40/45.73
=21.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Deckers Outdoor was 21.80. The lowest was 2.44. And the median was 6.09.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Deckers Outdoor Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Deckers Outdoor's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Deckers Outdoor (FRA:DO2) Business Description

Traded in Other Exchanges
Address
250 Coromar Drive, Goleta, CA, USA, 93117
Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Most of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Most sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. Deckers sources its products from independent manufacturers primarily in Asia.

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