Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

$24.99

Price to Earnings (P/E)
since 2008

Microsoft Excel

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Calculation

lululemon athletica inc., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2026-02-01), 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.


The price-to-earnings (P/E) ratio has exhibited considerable fluctuation over the observed period. Initially, the ratio was very high, decreasing significantly between 2008 and 2009, then increasing again before stabilizing in the early 2010s. Subsequent years show a more volatile pattern, with peaks and troughs influenced by changes in both share price and earnings per share.

Early Period (2008-2011)
The P/E ratio began at a high of 72.71 in 2008, reflecting a potentially overvalued stock or expectations of high growth. A substantial decline to 14.94 followed in 2009, likely due to the impact of economic conditions on share price. The ratio then increased through 2011, reaching 44.68, indicating a recovery in investor sentiment or improved earnings expectations. This period demonstrates significant volatility.
Mid-Period Stability (2012-2016)
From 2012 to 2016, the P/E ratio remained relatively contained, fluctuating between approximately 29.95 and 59.24. This suggests a period of more moderate valuation adjustments. While fluctuations existed, they were less dramatic than those observed in the earlier period. The ratio generally trended downwards during this time.
Recent Volatility (2017-2024)
The period from 2017 to 2024 shows increased volatility. The P/E ratio rose to 70.19 in 2021, coinciding with a peak in share price and strong earnings. A sharp decrease to 11.66 in 2026 suggests a significant correction in the market’s valuation of the company, potentially driven by a substantial decline in share price relative to earnings. The ratio experienced a peak of 47.65 in 2022, followed by a decline to 38.92 in 2023, and a further drop to 22.71 in 2024. This recent period indicates a dynamic valuation environment.
Overall Trend
The overall trend reveals a cyclical pattern in the P/E ratio. Periods of high valuation are followed by corrections, and vice versa. The most recent data suggests a potential shift towards lower valuations, but further observation is needed to confirm this trend. The ratio’s sensitivity to both share price and earnings per share is evident throughout the period.

The observed fluctuations in the P/E ratio warrant further investigation into the underlying factors driving these changes, including market conditions, company performance, and investor sentiment.


Comparison to Competitors


Comparison to Sector (Consumer Durables & Apparel)

lululemon athletica inc., P/E, long-term trends, comparison to sector (consumer durables & apparel)

Microsoft Excel

Based on: 10-K (reporting date: 2026-02-01), 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/E, long-term trends, comparison to industry (consumer discretionary)

Microsoft Excel

Based on: 10-K (reporting date: 2026-02-01), 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).