Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Cash Flow Statement
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2008
- Current Ratio since 2008
- Price to Earnings (P/E) since 2008
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Historical Valuation Ratios (Summary)
lululemon athletica inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
The financial ratios for the company over the observed quarters exhibit notable variations and trends reflecting changing market perceptions and financial performance.
- Price to Earnings (P/E) Ratio
- The P/E ratio data starts from February 2020 and initially shows high valuations, peaking around 86.35 in early 2021. Following this peak, there is a general downward trend with some fluctuations, decreasing to 13.69 by August 2025. This indicates a significant revaluation of earnings expectations over time, possibly influenced by changes in profitability or market sentiment.
- Price to Operating Profit (P/OP) Ratio
- Similar to the P/E ratio, the P/OP ratio rises sharply from February 2020, reaching a high point around 61.79 in late 2020. Subsequently, it trends downward with intermittent rises, arriving at 9.79 by August 2025. This pattern suggests reduced market premiums on operating profits, potentially due to improved operating profitability or more conservative investor outlooks.
- Price to Sales (P/S) Ratio
- The P/S ratio follows a comparable trajectory, with values rising sharply in 2020 to a peak near 11.82, followed by a persistent decline to 2.24 in August 2025. This indicates that the market's valuation relative to sales has contracted significantly, possibly reflecting adjustments in growth expectations or sales performance.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio starts with high values around 16 in 2019 and maintains high points in 2020 (above 22), followed by a steady decline, falling to 5.57 by August 2025. This declining trend suggests a decrease in market valuations relative to the company's net asset base, likely influenced by changes in equity market conditions or asset revaluations.
Overall, the data shows that the company experienced peak market valuations across earnings, operating profit, sales, and book value ratios in the year 2020 to early 2021. Following this period, all ratios demonstrate a marked declining trend through 2025. This consistent decline across multiple valuation metrics indicates a broad market reassessment, resulting in more conservative valuation multiples relative to underlying financial metrics. Such a trend could be reflective of increased risk perception, slower growth prospects, or changes in profitability and capital structure.
Price to Earnings (P/E)
lululemon athletica inc., historical P/E calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||||||
| Net income (in thousands) | ||||||||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||||||||
| Nike Inc. | ||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
EPS
= (Net incomeQ2 2026
+ Net incomeQ1 2026
+ Net incomeQ4 2025
+ Net incomeQ3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of lululemon athletica inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The share price exhibited significant volatility over the observed periods. Initially, from May 2019 through early 2020, there was a general upward trend, peaking at 369.07 USD in November 2020. After this peak, the share price experienced fluctuations, with notable decreases in early 2022, falling to 294.45 USD by July 2022. Subsequently, the price saw a recovery, reaching a high of 478.84 USD in January 2024, before declining once again to 206.09 USD in August 2025.
Earnings per share (EPS) data, available from February 2020 onwards, showed a general upward trajectory. Starting at 4.96 USD, EPS increased steadily over the subsequent quarters, reaching 15.06 USD by August 2025. There were minor fluctuations, but overall, the EPS growth suggests improving profitability over the analyzed timeframe.
The price-to-earnings (P/E) ratio, indicating market valuation relative to earnings, displayed considerable variability. In early 2020, the P/E ratio was moderately high, around 40.49, then increased sharply, peaking near 86.35 in February 2021. Following this, a downward trend persisted, with brief fluctuations, bringing the ratio down to 13.69 by August 2025. This decline in P/E while EPS rose indicates that the market became more conservative in valuing the company's earnings over time.
- Share Price Trends
- Initial growth followed by volatility and peaks in late 2020 and early 2024; significant declines post-peaks.
- Earnings Per Share Trends
- Consistent growth from 2020 onward, nearly tripling from initial reported values, indicating improving earnings.
- Price-to-Earnings Ratio Trends
- High at the start of EPS reporting, peaked sharply, then gradually decreased, reflecting changing market sentiment and valuation adjustments.
- Insights
- The combination of increasing EPS and reducing P/E ratio suggests improving fundamental performance accompanied by more cautious market valuation. The volatility in share price contrasts with steady earnings growth, indicating external factors influencing the stock price beyond company profitability.
Price to Operating Profit (P/OP)
lululemon athletica inc., historical P/OP calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||||||
| Income from operations (in thousands) | ||||||||||||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||||||||
| Nike Inc. | ||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Operating profit per share
= (Income from operationsQ2 2026
+ Income from operationsQ1 2026
+ Income from operationsQ4 2025
+ Income from operationsQ3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of lululemon athletica inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several notable trends in the share price, operating profit per share, and price-to-operating profit ratio (P/OP) over the indicated periods.
- Share Price
- The share price exhibited significant volatility throughout the timeline. Beginning at $170.89 in May 2019, it rose steadily to a peak of $464.67 in October 2023, indicating considerable appreciation over this period. After this peak, the share price declined sharply to $206.09 by August 2025. This pattern suggests a strong growth phase followed by a marked correction or adjustment phase in the most recent quarters.
- Operating Profit Per Share
- Operating profit per share data starts being available in May 2020, with an initial value of $6.83. There is a consistent upward trend throughout the observed periods, reaching $21.04 by August 2025. This steady increase indicates improving profitability at the per-share level, reflecting enhanced operational efficiency or revenue growth.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio, which measures market valuation relative to operating profit, shows considerable fluctuation. Beginning at 29.4 in May 2020, it escalates to a peak of 61.79 in January 2021, suggesting a period of high market optimism or overvaluation relative to operational earnings. Subsequently, this ratio declines to a low of 9.79 in August 2025, indicating a more conservative market valuation or increased operating profit relative to the share price. The downward trend in P/OP, especially towards the later periods, suggests that the market may be valuing the company more on its operational fundamentals.
In summary, the financial data depicts a company that experienced strong share price growth and improving operating profits across most of the timeline, with valuation multiples initially rising and then moderating sharply in recent quarters. The recent decline in share price contrasted with continued growth in operating profit per share highlights a potential shift in market sentiment or a rebalancing of valuation expectations.
Price to Sales (P/S)
lululemon athletica inc., historical P/S calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||||||
| Net revenue (in thousands) | ||||||||||||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||||||||
| Nike Inc. | ||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Sales per share
= (Net revenueQ2 2026
+ Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of lululemon athletica inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
The share price of the company experienced significant fluctuations from May 2019 through August 2025. Initially, the price showed an upward trajectory, reaching a peak around late 2023 with values exceeding $460. Following this peak, the price declined noticeably in 2024 and 2025, falling from highs over $470 to approximately $206 by August 2025.
Sales per share data, available from early 2020 onwards, exhibited a steady and consistent upward trend. Starting at $30.57, sales per share increased regularly each period, reaching $91.95 by August 2025. This suggests a continuous improvement in revenue generation on a per-share basis over the years analyzed.
The price-to-sales ratio (P/S) illustrates a volatility pattern that contrasts with the steady sales growth. Initially, beginning in early 2020, the P/S ratio climbed significantly, peaking above 11 during late 2020 and early 2021, which indicates that the market valuation was increasing faster than sales at that time. Subsequently, the P/S ratio declined substantially, reaching lows in the 2 to 4 range between 2024 and 2025. This indicates that while sales per share grew steadily, the relative market valuation compared to sales decreased, signaling a possible market revaluation of the company or changes in investor sentiment.
In summary, the data reveal strong and consistent growth in sales per share over the examined period, coupled with a highly volatile share price that reached a peak around late 2023. The price-to-sales ratio reflects this volatility in valuation, initially increasing and later declining, which implies shifting market perceptions regarding the company's stock relative to its sales performance.
- Share Price Trend
- Initial rise culminating in late 2023 peak above $460, followed by sharp decline through 2024 and 2025 down to approximately $206.
- Sales per Share Trend
- Consistent, steady growth from $30.57 in early 2020 to $91.95 in mid-2025, reflecting robust revenue growth on a per-share basis.
- Price-to-Sales Ratio Trend
- Marked increase up to late 2020/early 2021 with a peak P/S above 11, followed by a downward adjustment to ratios between 2 and 4 by 2024-2025, indicating changes in market valuation relative to sales.
- Overall Insights
- Strong underlying sales growth offset by volatile market valuation as reflected in fluctuating share prices and declining P/S ratios in the latter years.
Price to Book Value (P/BV)
lululemon athletica inc., historical P/BV calculation (quarterly data)
| Aug 3, 2025 | May 4, 2025 | Feb 2, 2025 | Oct 27, 2024 | Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | Nov 3, 2019 | Aug 4, 2019 | May 5, 2019 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||||||||
| Stockholders’ equity (in thousands) | ||||||||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||||||||
| Nike Inc. | ||||||||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-08-03), 10-Q (reporting date: 2025-05-04), 10-K (reporting date: 2025-02-02), 10-Q (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-K (reporting date: 2024-01-28), 10-Q (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-29), 10-Q (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-K (reporting date: 2022-01-30), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-11-01), 10-Q (reporting date: 2020-08-02), 10-Q (reporting date: 2020-05-03), 10-K (reporting date: 2020-02-02), 10-Q (reporting date: 2019-11-03), 10-Q (reporting date: 2019-08-04), 10-Q (reporting date: 2019-05-05).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of lululemon athletica inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The share price of the company exhibited considerable volatility over the analyzed periods. Initially, it increased from approximately $171 in May 2019 to a peak of around $417 in October 2021. Following this peak, the share price demonstrated a general downward trend, punctuated by short intervals of recovery, eventually declining to about $206 by August 2025.
The book value per share (BVPS) showed a consistent upward trend throughout the entire period. Starting from $10.49 in May 2019, BVPS increased steadily, reaching $37 by August 2025. This progression indicates ongoing growth in the company's net asset value on a per-share basis over the years, reflecting accumulation of equity or retained earnings.
The price-to-book value ratio (P/BV) displayed notable fluctuations. Initially around 16.29 in May 2019, it rose sharply to a high of approximately 22.78 in August 2020, suggesting elevated market valuation relative to book value at that time. Subsequently, the P/BV ratio declined steadily, falling below 6 by August 2025. This decline implies that the market price decreased faster than the book value, leading to a more conservative valuation relative to the underlying book value in the later periods.
- Share Price Trends
- Marked by significant peaks and troughs, the share price peaked in late 2021 before declining substantially by mid-2025.
- Book Value Per Share
- Demonstrated consistent growth, nearly tripling from mid-2019 to mid-2025, reflecting strengthening balance sheet fundamentals.
- Price-to-Book Ratio
- Experienced high valuation levels between 2019 and 2021, followed by a pronounced decrease, indicating a market reassessment of the company's equity value in subsequent years.