Using the PEG framework with analyst consensus forward EPS growth of 9.6%, Deckers Outdoor Corporation has a fair value of $66.19 based on NTM EPS (FY2026) of $6.88. The current PEG ratio is 1.42.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG works well for steady growers with predictable earnings.
| EPS Growth RateForward | 9.6% |
| Adjusted Growth (clamped 8–25%) | 9.6% |
| Fair P/E | 9.6x |
| NTM EPS (FY2026) | $6.88 |
| Fair Value | $66.19 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $6.33 | — | — |
| FY2026E | $6.88 | +8.7% | 19 |
| FY2027E | $7.33 | +6.5% | 19 |
| FY2028E | $8.13 | +10.9% | 15 |
| FY2029E | $8.45 | +3.9% | 11 |
| FY2030E | $10.02 | +18.6% | 7 |
5Y Forward EPS CAGR: 9.6%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $382.6M | $2.25 | — |
| FY2022 | $451.9M | $2.71 | +20.4% |
| FY2023 | $516.8M | $3.23 | +19.2% |
| FY2024 | $759.6M | $4.86 | +50.5% |
| FY2025 | $966.1M | $6.33 | +30.2% |
4Y Historical EPS CAGR: 29.5%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.