Stock Analysis on Net

lululemon athletica inc. (NASDAQ:LULU)

$24.99

Enterprise Value (EV)

Microsoft Excel

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Current Enterprise Value (EV)

lululemon athletica inc., current enterprise value calculation

Microsoft Excel
Current share price (P)
No. shares of common stock outstanding
US$ in thousands
Common equity (market value)1
Add: Undesignated preferred stock, $0.01 par value; none issued and outstanding (per books)
Total equity
Add: Total debt (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

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

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


Historical Enterprise Value (EV)

lululemon athletica inc., EV calculation

Microsoft Excel
Feb 1, 2026 Feb 2, 2025 Jan 28, 2024 Jan 29, 2023 Jan 30, 2022 Jan 31, 2021
Share price1, 2
No. shares of common stock outstanding1
US$ in thousands
Common equity (market value)3
Add: Undesignated preferred stock, $0.01 par value; none issued and outstanding (book value)
Total equity
Add: Total debt (book value)
Total equity and debt
Less: Cash and cash equivalents
Enterprise value (EV)

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).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of lululemon athletica inc. Annual Report.

3 2026 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×


The enterprise value (EV) exhibited fluctuations over the observed period. Initially, EV demonstrated a modest increase between January 31, 2021, and January 30, 2022, followed by a decrease in the subsequent year, January 29, 2023. A significant increase was then recorded between January 29, 2023, and January 28, 2024, before declining again in the following two periods, February 2, 2025, and February 1, 2026.

Overall Trend
From 2021 to 2024, the EV generally trended upwards, although with an intermediate dip in 2023. However, the most recent two years (2025 and 2026) show a substantial downward trend, resulting in an EV at the end of the period lower than that observed in 2021.
EV and Equity Value
The values for Common equity (market value) and Total equity are identical across all periods. This suggests that the company has no preferred equity or other equity components affecting the total equity calculation. The EV closely mirrors the equity values, indicating that debt plays a relatively consistent, but not dominant, role in the company’s capital structure.
EV and Total Equity & Debt
The values for Total equity and debt are identical to those of Common equity and Total equity. This implies that the company’s debt is included within the calculation of total equity. The EV is consistently lower than the Total equity and debt, which is expected as EV represents the market value of the operating assets less any non-operating assets, and is calculated by subtracting cash and equivalents and adding debt to the equity value.
Magnitude of Change
The largest single-period increase in EV occurred between 2023 and 2024, with an increase of approximately 46.7%. Conversely, the largest single-period decrease occurred between 2024 and 2026, with a decrease of approximately 72.7%. These substantial shifts suggest significant changes in market perception of the company’s value or alterations in its capital structure during those periods.

The recent decline in EV, particularly between 2024 and 2026, warrants further investigation to determine the underlying causes. Potential factors could include changes in market conditions, company-specific performance issues, or shifts in debt levels, although the provided information does not allow for a definitive conclusion.