Boot Barn Holdings, Inc.

NYSE:BOOT Stock Report

Market Cap: US$4.2b

Boot Barn Holdings Valuation

Is BOOT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BOOT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BOOT ($137.05) is trading above our estimate of fair value ($120.85)

Significantly Below Fair Value: BOOT is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BOOT?

Key metric: As BOOT is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BOOT. This is calculated by dividing BOOT's market cap by their current earnings.
What is BOOT's PE Ratio?
PE Ratio27.3x
EarningsUS$153.40m
Market CapUS$4.18b

Price to Earnings Ratio vs Peers

How does BOOT's PE Ratio compare to its peers?

The above table shows the PE ratio for BOOT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average25.4x
URBN Urban Outfitters
11.6x6.4%US$3.6b
AEO American Eagle Outfitters
13.6x20.0%US$3.4b
ANF Abercrombie & Fitch
15.5x2.7%US$7.8b
RVLV Revolve Group
60.9x23.3%US$2.5b
BOOT Boot Barn Holdings
27.3x16.8%US$4.2b

Price-To-Earnings vs Peers: BOOT is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the peer average (25.4x).

Price to Earnings Ratio vs Industry

How does BOOT's PE Ratio compare vs other companies in the US Specialty Retail Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TKLF Tokyo Lifestyle
1.9xn/aUS$14.10m
MASN Maison Luxe
0.08xn/aUS$144.03k
FTCH.Q Farfetch
n/an/aUS$395.00
EXPR.Q Express
0.000002xn/aUS$374.00
BOOT 27.3xIndustry Avg. 17.2xNo. of Companies10PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BOOT is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the US Specialty Retail industry average (17.2x).

Price to Earnings Ratio vs Fair Ratio

What is BOOT's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BOOT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.3x
Fair PE Ratio18x

Price-To-Earnings vs Fair Ratio: BOOT is expensive based on its Price-To-Earnings Ratio (27.3x) compared to the estimated Fair Price-To-Earnings Ratio (18x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BOOT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$137.05
US$176.67
+28.9%
6.6%US$195.00US$155.00n/a12
Nov ’25US$125.47
US$176.67
+40.8%
6.6%US$195.00US$155.00n/a12
Oct ’25US$166.52
US$159.67
-4.1%
10.0%US$185.00US$127.00n/a12
Sep ’25US$134.17
US$145.92
+8.8%
5.2%US$157.00US$127.00n/a12
Aug ’25US$127.53
US$141.08
+10.6%
7.9%US$154.00US$115.00n/a12
Jul ’25US$130.13
US$134.17
+3.1%
8.6%US$150.00US$115.00n/a12
Jun ’25US$118.93
US$119.50
+0.5%
8.0%US$140.00US$100.00n/a12
May ’25US$102.06
US$104.00
+1.9%
13.5%US$127.00US$85.00n/a12
Apr ’25US$99.64
US$93.38
-6.3%
10.4%US$115.00US$80.00n/a13
Mar ’25US$92.15
US$91.36
-0.9%
12.4%US$115.00US$70.00n/a14
Feb ’25US$79.14
US$93.93
+18.7%
15.5%US$130.00US$70.00n/a15
Jan ’25US$76.76
US$95.60
+24.5%
15.9%US$130.00US$73.00n/a15
Dec ’24US$78.45
US$95.60
+21.9%
15.9%US$130.00US$73.00n/a15
Nov ’24US$68.57
US$111.29
+62.3%
11.5%US$130.00US$88.00US$125.4714
Oct ’24US$81.19
US$114.50
+41.0%
9.0%US$130.00US$88.00US$166.5214
Sep ’24US$92.54
US$114.50
+23.7%
9.0%US$130.00US$88.00US$134.1714
Aug ’24US$92.56
US$97.14
+5.0%
17.9%US$130.00US$70.00US$127.5314
Jul ’24US$84.69
US$83.85
-1.0%
9.7%US$100.00US$70.00US$130.1313
Jun ’24US$65.45
US$83.08
+26.9%
9.6%US$100.00US$70.00US$118.9313
May ’24US$73.34
US$93.69
+27.8%
9.5%US$110.00US$76.00US$102.0613
Apr ’24US$76.64
US$93.69
+22.2%
9.5%US$110.00US$76.00US$99.6413
Mar ’24US$76.62
US$93.77
+22.4%
9.3%US$110.00US$77.00US$92.1513
Feb ’24US$86.12
US$92.42
+7.3%
8.3%US$103.00US$77.00US$79.1412
Jan ’24US$62.52
US$89.27
+42.8%
11.8%US$100.00US$64.00US$76.7611
Dec ’23US$66.69
US$89.27
+33.9%
11.8%US$100.00US$64.00US$78.4511
Nov ’23US$55.17
US$89.27
+61.8%
11.8%US$100.00US$64.00US$68.5711

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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