Price to Book Value (P/BV)
since 2008
Calculation
lululemon athletica inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 27, 2025 | 9.53 | = | 341.53 | ÷ | 35.84 | 35.84 | = | 4,324,047 | ÷ | 120,637,192 | |
| Mar 21, 2024 | 14.26 | = | 478.84 | ÷ | 33.59 | 33.59 | = | 4,232,081 | ÷ | 126,008,093 | |
| Mar 28, 2023 | 12.94 | = | 320.31 | ÷ | 24.76 | 24.76 | = | 3,148,799 | ÷ | 127,164,641 | |
| Mar 29, 2022 | 16.06 | = | 343.97 | ÷ | 21.42 | 21.42 | = | 2,740,046 | ÷ | 127,913,369 | |
| Mar 30, 2021 | 16.16 | = | 317.09 | ÷ | 19.63 | 19.63 | = | 2,558,566 | ÷ | 130,367,628 | |
| Mar 26, 2020 | 13.39 | = | 200.80 | ÷ | 15.00 | 15.00 | = | 1,952,218 | ÷ | 130,165,083 | |
| Mar 27, 2019 | 13.29 | = | 146.80 | ÷ | 11.04 | 11.04 | = | 1,445,975 | ÷ | 130,949,856 | |
| Mar 27, 2018 | 6.68 | = | 78.71 | ÷ | 11.79 | 11.79 | = | 1,596,960 | ÷ | 135,456,009 | |
| Mar 29, 2017 | 6.68 | = | 66.30 | ÷ | 9.92 | 9.92 | = | 1,359,973 | ÷ | 137,053,722 | |
| Mar 30, 2016 | 9.06 | = | 67.80 | ÷ | 7.48 | 7.48 | = | 1,027,482 | ÷ | 137,297,940 | |
| Mar 26, 2015 | 8.33 | = | 63.97 | ÷ | 7.67 | 7.67 | = | 1,089,568 | ÷ | 141,964,146 | |
| Mar 27, 2014 | 6.79 | = | 51.20 | ÷ | 7.55 | 7.55 | = | 1,096,682 | ÷ | 145,349,043 | |
| Mar 21, 2013 | 10.53 | = | 64.70 | ÷ | 6.14 | 6.14 | = | 887,299 | ÷ | 144,435,072 | |
| Mar 22, 2012 | 18.13 | = | 75.95 | ÷ | 4.19 | 4.19 | = | 601,376 | ÷ | 143,556,379 | |
| Mar 17, 2011 | 13.94 | = | 38.19 | ÷ | 2.74 | 2.74 | = | 390,389 | ÷ | 142,542,270 | |
| Mar 25, 2010 | 11.92 | = | 19.70 | ÷ | 1.65 | 1.65 | = | 233,108 | ÷ | 141,022,794 | |
| Mar 27, 2009 | 3.80 | = | 4.19 | ÷ | 1.10 | 1.10 | = | 154,842 | ÷ | 140,321,276 | |
| Apr 8, 2008 | 20.02 | = | 16.57 | ÷ | 0.83 | 0.83 | = | 112,034 | ÷ | 135,338,892 |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of lululemon athletica inc. Annual Report.
- Share Price Trend
- The share price exhibited significant volatility over the observed period. Initially, it decreased from $16.57 in 2008 to a low of $4.19 in early 2009. Subsequently, the price showed a strong upward trajectory, reaching a peak of $478.84 in 2024, before declining to $341.53 in 2025. Notable rapid appreciation occurred between 2018 and 2021, with the share price increasing from approximately $78.71 to over $317. This pattern suggests periods of strong investor confidence and market optimism, with some correction in the most recent year.
- Book Value Per Share (BVPS) Trend
- Book value per share demonstrated a consistent upward trend throughout the entire timeframe. Starting at $0.83 in 2008, BVPS steadily increased each year, reaching $35.84 by 2025. This reflects consistent growth in the company’s net asset value on a per-share basis, indicating strengthening fundamentals and potentially improved equity position over time.
- Price-to-Book Value (P/BV) Ratio Analysis
- The P/BV ratio fluctuated markedly, illustrating changing market valuation relative to the company's book value. Initially extremely high at 20.02 in 2008, it dropped sharply to 3.8 in 2009, then oscillated between roughly 6 and 18 in the subsequent years. Peaks in the P/BV ratio were observed in 2012 (18.13), 2019 (13.29), and 2021 (16.16), corresponding to periods when share prices outpaced book value growth. A notable decline to 9.53 in 2025 suggests the market valuation has become more moderate relative to the company's book value in the latest year, possibly indicating a market reassessment of growth prospects or risk.
- Overall Insights
- The data exhibits a company experiencing substantial growth in intrinsic value, as shown by consistent increases in book value per share. The share price trend, while generally upward, shows periods of significant volatility and market corrections. The P/BV ratio highlighted periods of heightened market enthusiasm as well as moderation in valuation. In summary, the company’s fundamental net asset strength improved steadily, with market valuation reflecting both optimism and subsequent re-pricing over the years.
Comparison to Competitors
lululemon athletica inc., P/BV, long-term trends, comparison to competitors
| lululemon athletica inc. | Nike Inc. | |
|---|---|---|
| Mar 27, 2025 | 9.53 | — |
| Mar 21, 2024 | 14.26 | 697.13 |
| Mar 28, 2023 | 12.94 | 11.75 |
| Mar 29, 2022 | 16.06 | 11.46 |
| Mar 30, 2021 | 16.16 | 19.79 |
| Mar 26, 2020 | 13.39 | 19.06 |
| Mar 27, 2019 | 13.29 | 15.03 |
| Mar 27, 2018 | 6.68 | 12.59 |
| Mar 29, 2017 | 6.68 | 7.83 |
| Mar 30, 2016 | 9.06 | 7.80 |
| Mar 26, 2015 | 8.33 | 7.67 |
| Mar 27, 2014 | 6.79 | 6.23 |
| Mar 21, 2013 | 10.53 | 5.04 |
| Mar 22, 2012 | 18.13 | 4.08 |
| Mar 17, 2011 | 13.94 | 4.42 |
| Mar 25, 2010 | 11.92 | 3.46 |
| Mar 27, 2009 | 3.80 | 2.93 |
| Apr 8, 2008 | 20.02 | 3.59 |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
Comparison to Sector (Consumer Durables & Apparel)
lululemon athletica inc., P/BV, long-term trends, comparison to sector (consumer durables & apparel)
| lululemon athletica inc. | Consumer Durables & Apparel | |
|---|---|---|
| Mar 27, 2025 | 9.53 | — |
| Mar 21, 2024 | 14.26 | 542.27 |
| Mar 28, 2023 | 12.94 | 11.97 |
| Mar 29, 2022 | 16.06 | 12.16 |
| Mar 30, 2021 | 16.16 | 19.18 |
| Mar 26, 2020 | 13.39 | 17.95 |
| Mar 27, 2019 | 13.29 | 14.79 |
| Mar 27, 2018 | 6.68 | 11.76 |
| Mar 29, 2017 | 6.68 | 7.71 |
| Mar 30, 2016 | 9.06 | 7.90 |
| Mar 26, 2015 | 8.33 | 7.73 |
| Mar 27, 2014 | 6.79 | 6.29 |
| Mar 21, 2013 | 10.53 | 5.45 |
| Mar 22, 2012 | 18.13 | 4.85 |
| Mar 17, 2011 | 13.94 | 4.79 |
| Mar 25, 2010 | 11.92 | 3.66 |
| Mar 27, 2009 | 3.80 | 2.94 |
| Apr 8, 2008 | 20.02 | 3.82 |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).
Comparison to Industry (Consumer Discretionary)
lululemon athletica inc., P/BV, long-term trends, comparison to industry (consumer discretionary)
| lululemon athletica inc. | Consumer Discretionary | |
|---|---|---|
| Mar 27, 2025 | 9.53 | — |
| Mar 21, 2024 | 14.26 | 32.00 |
| Mar 28, 2023 | 12.94 | 10.11 |
| Mar 29, 2022 | 16.06 | 9.55 |
| Mar 30, 2021 | 16.16 | 13.30 |
| Mar 26, 2020 | 13.39 | 18.17 |
| Mar 27, 2019 | 13.29 | 13.59 |
| Mar 27, 2018 | 6.68 | 11.35 |
| Mar 29, 2017 | 6.68 | 10.74 |
| Mar 30, 2016 | 9.06 | 8.39 |
| Mar 26, 2015 | 8.33 | 7.17 |
| Mar 27, 2014 | 6.79 | 5.83 |
| Mar 21, 2013 | 10.53 | 5.12 |
| Mar 22, 2012 | 18.13 | 4.39 |
| Mar 17, 2011 | 13.94 | 3.84 |
| Mar 25, 2010 | 11.92 | 4.04 |
| Mar 27, 2009 | 3.80 | 4.73 |
| Apr 8, 2008 | 20.02 | 4.98 |
Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03), 10-K (reporting date: 2018-01-28), 10-K (reporting date: 2017-01-29), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-02-01), 10-K (reporting date: 2014-02-02), 10-K (reporting date: 2013-02-03), 10-K (reporting date: 2012-01-29), 10-K (reporting date: 2011-01-30), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-02-01), 10-K (reporting date: 2008-02-03).