BOOT · Intrinsic value
Is Boot Barn Holdings, Inc. (BOOT) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth's valuation lenses put Boot Barn Holdings, Inc. (BOOT) at $62.88 – $231.79, too broad a range to say where the delayed market price of $121.72 sits in it, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from SEC filings and market data · Updated Oct 19, 2026 · How these pages are made
What is BOOT worth?
- Fair-value range
- $62.88 – $231.79
- Market price
- $121.72
- Gap to fair value
- —
- Verdict
- Too wide to call
Reverse DCF: Today's price implies revenue growth of 22.6% a year for 5 years; our model assumes 10.7% a year on average over the same horizon.
What is BOOT's TickerWorth Score?
Middle of the pack — real strengths and real weaknesses
Compared with Consumer Cyclical companies in US
Its strongest point: growing quickly. Its weakest: recent price trend has been weak.
- Value · 53 of 100
Cheaper than 53% of Consumer Cyclical companies in US
- Price vs worth · 61 of 100
- Quality · 54 of 100
More profitable than 54% of Consumer Cyclical companies in US
- Financial health · 64 of 100
Financially stronger than 64% of Consumer Cyclical companies in US
- Growth · 68 of 100
Growing faster than 68% of Consumer Cyclical companies in US
- Momentum · 16 of 100
Outperformed 16% of Consumer Cyclical companies in US over the past year
Confidence: Medium confidence · Scored
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Why BOOT gets a range, not one number
At a recent price of $121.72, Boot Barn Holdings, Inc. (BOOT) sits inside a range too wide to call either way: our valuation lenses put the business somewhere between $62.88 and $231.79 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Boot Barn Holdings, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 11.6%, with a long-run terminal growth rate of 2.5%. About 68% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 22.6% annual revenue growth for BOOT. Our base case instead compounds to about 10.7% a year over the same forecast, so the market is pricing in materially faster growth than our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, BOOT's modeled DCF value ranges from about $78.97 to $134.51 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Boot Barn Holdings, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of BOOT's intrinsic value. Figures update as new filings and prices come in.
Every input behind BOOT's DCF
| Input | Value |
|---|---|
| Base-year revenueBoot Barn Holdings, Inc. FY2026 10-K (accession 0001104659-26-061346): us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, FY2026 full year. | $2,253,860,000 |
| Base EBIT marginBoot Barn Holdings, Inc. FY2026 10-K (accession 0001104659-26-061346): us-gaap:OperatingIncomeLoss 299,145,000 / revenue 2,253,859,000 = 13.27%, FY2026. | 13.3% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 18% → 14% → 11% → 7% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 4.7% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.71 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesBoot Barn Holdings, Inc. FY2026 10-K (accession 0001104659-26-061346): WeightedAverageNumberOfDilutedSharesOutstanding = 30,735,000 shares, FY2026. | 31M |
| Market priceBackup price feed · as of 2026-10-19 12:46 UTC | $121.72 |
Change BOOT's assumptions
The discount-rate dial and the editable model
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What does Boot Barn Holdings, Inc. do?
What does it do?
Boot Barn Holdings, Inc. operates specialty retail stores in the United States and internationally. It operates in the Apparel Retail industry (Consumer Cyclical sector), headquartered in United States. The company employs roughly 3,800 people.
How does it make money?
The business turns $2.3B in annual revenue into profit. Out of every $100 of sales, about $13 is left as operating profit (operating margin of 12.8%), after a 38% gross margin on the products/services it sells. After all costs, taxes and interest, 10.4% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks mixed: carries modest debt (0.6× equity), comfortably covers its short-term bills (2.5× current ratio), and is currently profitable.
Who at BOOT filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Kosoff Jonathon David | CHIEF DIGITAL OFFICER | Open-market sale | $36,871.30 | Form 4 for Kosoff Jonathon David (opens sec.gov in a new tab) | |
| Love Michael A | CHIEF RETAIL OFFICER | Grant / award | — | Form 4 for Love Michael A (opens sec.gov in a new tab) | |
| Love Michael A | CHIEF RETAIL OFFICER | Shares withheld (tax) | $758,299.10 | Form 4 for Love Michael A (opens sec.gov in a new tab) | |
| Grijalva Laurie Marie | CHIEF MERCHANDISING OFFICER | Grant / award | — | Form 4 for Grijalva Laurie Marie (opens sec.gov in a new tab) | |
| Grijalva Laurie Marie | CHIEF MERCHANDISING OFFICER | Shares withheld (tax) | $980,524.84 | Form 4 for Grijalva Laurie Marie (opens sec.gov in a new tab) | |
| Watkins James M | CFO & SECRETARY | Grant / award | — | Form 4 for Watkins James M (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is BOOT's intrinsic value?
TickerWorth's valuation lenses put Boot Barn Holdings, Inc. (BOOT) between $62.88 and $231.79 per share, versus a market price of $121.72. They disagree too widely for us to state a single fair value, so we publish the range.
Is BOOT overvalued or undervalued?
At $121.72 the price sits inside a range too wide to call either way. We don't call BOOT overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for BOOT?
A WACC of 11.6% and a terminal growth rate of 2.5%.
Is Boot Barn stock undervalued?
TickerWorth's fair-value range for Boot Barn Holdings, Inc. (BOOT) is $62.88 – $231.79 against a market price of $121.72. Too wide to call. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Boot Barn (BOOT) DCF valuation and fair value
Our fair-value range for Boot Barn Holdings, Inc. (BOOT) is $62.88 – $231.79, built on a 11.6% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Boot Barn stock?
Today's price implies revenue growth of 22.6% a year for 5 years; our model assumes 10.7% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $121.72. A model estimate, not investment advice.
Boot Barn (BOOT) insider trading
The most recent insider filing (SEC Form 4) for Boot Barn Holdings, Inc. (BOOT): Kosoff Jonathon David, CHIEF DIGITAL OFFICER, open-market sale on 2026-05-26. The latest filings are listed on this page. A disclosure, not a signal to trade.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.