Lululemon Athletica Inc. (LULU) Key Metrics
LULU valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $11.25B
- Enterprise value
- $12.24B
- P/E (TTM)
- 8.0 10-yr median 41.1
- Forward P/E
- 10.7
- PEG ratio
- 1.13
- Price / sales
- 1.0 10-yr median 5.4
- Price / book
- 2.4 10-yr median 13.1
- EV / EBITDA
- 4.9 10-yr median 20.2
- Dividend yield
- —
- Beta
- 0.92
LULU key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsLULU valuation Price multiples at each fiscal year-end price.
LULU returns How much profit the business earns on the capital it uses.
LULU per-share figures Results divided by the shares outstanding at year-end.
LULU financial health Debt, liquidity and how easily interest is covered.
LULU efficiency & capital use Working capital cycle and where the cash goes.
LULU valuation history
LULU returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LULU debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LULU cash returned to shareholders
LULU price vs earnings per share
LULU key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $20.78B | $51.33B | $57.66B | $39.29B | $43.49B | $43.01B | $32.07B | $19.80B | $10.65B | $9.27B |
| Enterprise value | $20.77B | $50.93B | $56.82B | $39.20B | $43.11B | $42.66B | $31.93B | $19.11B | $9.67B | $8.57B |
| P/E ratio | 13.2 | 28.3 | 37.2 | 46.0 | 44.6 | 73.0 | 49.7 | 40.9 | 41.2 | 30.6 |
| Price / sales | 1.9 | 4.8 | 6.0 | 4.8 | 7.0 | 9.8 | 8.1 | 6.0 | 4.0 | 4.0 |
| Price / book | 4.2 | 11.9 | 13.6 | 12.5 | 15.9 | 16.8 | 22.2 | 13.7 | 6.7 | 6.8 |
| Price / free cash flow | 22.5 | 32.4 | 35.1 | 119.8 | 43.7 | 74.9 | 83.0 | 38.3 | 32.1 | 39.1 |
| Price / operating cash flow | 13.0 | 22.6 | 25.1 | 40.6 | 31.3 | 53.5 | 47.9 | 26.7 | 21.8 | 24.0 |
| EV / sales | 1.9 | 4.8 | 5.9 | 4.8 | 6.9 | 9.7 | 8.0 | 5.8 | 3.6 | 3.7 |
| EV / EBITDA | 7.6 | 16.8 | 22.0 | 18.4 | 27.0 | 41.2 | 38.5 | 23.1 | 16.0 | 16.9 |
| EV / free cash flow | 22.5 | 32.2 | 34.6 | 119.6 | 43.3 | 74.3 | 82.7 | 37.0 | 29.2 | 36.2 |
| Earnings yield | 7.6% | 3.5% | 2.7% | 2.2% | 2.2% | 1.4% | 2.0% | 2.4% | 2.4% | 3.3% |
| Free cash flow yield | 4.4% | 3.1% | 2.9% | 0.8% | 2.3% | 1.3% | 1.2% | 2.6% | 3.1% | 2.6% |
| Dividend yield | — | — | — | 0.1% | — | — | — | — | — | — |
| Shareholder yield (dividends + buybacks) | 5.7% | 3.2% | 1.0% | 1.2% | 1.9% | 0.1% | 0.5% | 3.0% | 0.9% | 0.3% |
| Share price at fiscal year-end | $174.50 | $414.20 | $453.82 | $306.88 | $333.76 | $328.68 | $239.39 | $147.81 | $78.21 | $67.51 |
| Per share | ||||||||||
| Revenue per share | $93.25 | $85.43 | $75.71 | $63.36 | $48.02 | $33.64 | $29.70 | $24.55 | $19.45 | $17.07 |
| Earnings per share | $13.26 | $14.64 | $12.20 | $6.68 | $7.49 | $4.50 | $4.82 | $3.61 | $1.90 | $2.21 |
| Operating cash flow per share | $13.46 | $18.34 | $18.07 | $7.55 | $10.66 | $6.14 | $5.00 | $5.54 | $3.59 | $2.81 |
| Free cash flow per share | $7.74 | $12.78 | $12.94 | $2.56 | $7.63 | $4.39 | $2.88 | $3.86 | $2.43 | $1.73 |
| Cash per share | $15.18 | $16.01 | $17.66 | $9.02 | $9.67 | $8.79 | $6.58 | $6.58 | $7.27 | $5.35 |
| Book value per share | $41.67 | $34.89 | $33.31 | $24.60 | $21.03 | $19.55 | $10.79 | $10.79 | $11.73 | $9.90 |
| Tangible book value per share | $40.07 | $33.51 | $33.12 | $24.24 | $17.51 | $15.98 | $10.61 | $10.41 | $11.54 | $9.73 |
| Dividends per share | — | — | — | $0.19 | — | — | — | — | — | — |
| Capex per share | $5.72 | $5.56 | $5.13 | $4.99 | $3.03 | $1.75 | $2.11 | $1.69 | $1.16 | $1.09 |
| Debt per share | $15.10 | $12.71 | $11.04 | $8.36 | $6.76 | $6.10 | $5.52 | $1.44 | $0.05 | $0.29 |
| Shares outstanding | 119.1M | 123.9M | 127.1M | 128.0M | 130.3M | 130.9M | 134.0M | 134.0M | 136.2M | 137.3M |
| Change in shares outstanding | −3.9% | −2.5% | −0.7% | −1.7% | −0.4% | −2.3% | 0.0% | −1.6% | −0.8% | −2.4% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 34.0% | 42.4% | 42.0% | 29.0% | 36.8% | 29.4% | 44.6% | 31.8% | 17.5% | 25.4% |
| Return on invested capital (ROIC) | 35.2% | 48.3% | 47.1% | 31.4% | 42.7% | 33.6% | 46.3% | 69.7% | 40.1% | 48.8% |
| Return on assets (ROA) | 19.7% | 24.7% | 24.4% | 16.2% | 21.4% | 18.8% | 31.0% | 23.7% | 14.1% | 20.4% |
| Return on tangible assets | 19.1% | 24.4% | 21.9% | 15.4% | 21.7% | 15.8% | 31.3% | 23.8% | 13.1% | 18.6% |
| Free cash flow margin | 8.3% | 15.0% | 17.1% | 4.0% | 15.9% | 13.0% | 9.7% | 15.7% | 12.5% | 10.1% |
| Income quality (OCF / net income) | 1.01 | 1.25 | 1.48 | 1.13 | 1.42 | 1.36 | 1.04 | 1.54 | 1.89 | 1.27 |
| Financial health | ||||||||||
| Total debt | $1.80B | $1.58B | $1.40B | $1.07B | $881.1M | $798.7M | $740.0M | $192.8M | $6.4M | $40.5M |
| Cash & short-term investments | $1.81B | $1.98B | $2.24B | $1.15B | $1.26B | $1.15B | $881.3M | $881.3M | $990.5M | $734.8M |
| Net debt | −$8.8M | −$408.5M | −$840.7M | −$84.5M | −$378.8M | −$351.8M | −$141.4M | −$688.5M | −$984.1M | −$694.4M |
| Debt / equity | 0.36 | 0.36 | 0.33 | 0.34 | 0.32 | 0.31 | 0.51 | 0.13 | 0.00 | 0.03 |
| Debt / assets | 0.21 | 0.21 | 0.20 | 0.19 | 0.18 | 0.19 | 0.35 | 0.09 | 0.00 | 0.02 |
| Net debt / EBITDA | −0.00 | −0.14 | −0.33 | −0.04 | −0.24 | −0.34 | −0.17 | −0.83 | −1.63 | −1.36 |
| Current ratio | 2.26 | 2.16 | 2.49 | 2.12 | 1.86 | 2.41 | 2.86 | 2.86 | 4.91 | 4.82 |
| Quick ratio | 1.36 | 1.38 | 1.68 | 1.15 | 1.17 | 1.67 | 2.05 | 2.05 | 3.78 | 3.58 |
| Interest coverage | — | — | — | — | 16.2 | 13.6 | 4.1 | 75.0 | 6.2 | 267.1 |
| Working capital | $2.38B | $2.14B | $2.43B | $1.67B | $1.21B | $1.24B | $928.8M | $928.8M | $1.14B | $921.3M |
| Invested capital | $4.95B | $3.92B | $3.39B | $3.06B | $2.36B | $2.21B | $1.30B | $757.5M | $612.9M | $665.6M |
| Tangible asset value | $4.77B | $4.15B | $4.21B | $3.10B | $2.28B | $2.09B | $1.42B | $1.40B | $1.57B | $1.34B |
| Net current asset value | $767.8M | $701.1M | $1.20B | $701.2M | $412.4M | $497.7M | $790.5M | $790.5M | $1.03B | $865.2M |
| Graham number | $111.52 | $107.21 | $95.62 | $60.79 | $59.51 | $44.49 | $34.21 | $29.61 | $22.38 | $22.19 |
| Graham net-net per share | −$3.61 | −$2.80 | $1.10 | −$3.75 | −$3.08 | −$0.73 | $3.52 | $3.80 | $5.91 | $4.77 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | $23.9M | — | — | — | — | — | — |
| Share buybacks (net) | $1.18B | $1.64B | $558.7M | $444.0M | $812.6M | $63.7M | $173.4M | $598.3M | $100.3M | $29.3M |
| Dividend payout ratio | — | — | — | 2.8% | — | — | — | — | — | — |
| Dividends + buybacks / free cash flow | 127.8% | 103.4% | 34.0% | 142.7% | 81.7% | 11.1% | 44.9% | 115.7% | 30.2% | 12.4% |
| Capex / revenue | 6.1% | 6.5% | 6.8% | 7.9% | 6.3% | 5.2% | 7.1% | 6.9% | 6.0% | 6.4% |
| Capex / operating cash flow | 42.5% | 30.3% | 28.4% | 66.1% | 28.4% | 28.5% | 42.3% | 30.4% | 32.3% | 38.7% |
| Capex / depreciation | 1.37 | 1.54 | 1.72 | 2.19 | 1.76 | 1.24 | 1.75 | 1.84 | 1.46 | 1.70 |
| Stock-based compensation / revenue | 0.6% | 0.9% | 1.0% | 1.0% | 1.1% | 1.2% | 1.1% | 0.9% | 0.7% | 0.7% |
| SG&A / revenue | 36.6% | 35.5% | 35.3% | 34.0% | 35.6% | 36.6% | 33.5% | 33.8% | 34.4% | 33.2% |
| Efficiency | ||||||||||
| Days sales outstanding | 13.9 | 7.4 | 4.9 | 4.7 | 4.5 | 4.6 | 5.5 | 8.5 | 10.9 | 15.2 |
| Days of inventory on hand | 119.0 | 116.9 | 126.1 | 121.8 | 111.2 | 99.1 | 100.4 | 91.1 | 91.7 | 92.9 |
| Days payables outstanding | 22.8 | 26.2 | 23.7 | 23.3 | 31.8 | 25.2 | 23.7 | 14.9 | 7.2 | 5.6 |
| Cash conversion cycle (days) | 110.1 | 98.1 | 107.3 | 103.2 | 83.8 | 78.5 | 82.2 | 84.7 | 95.4 | 102.4 |
| Receivables turnover | 26.26 | 49.57 | 74.66 | 77.28 | 81.94 | 78.96 | 65.80 | 42.90 | 33.43 | 24.05 |
| Payables turnover | 15.99 | 13.93 | 15.39 | 15.65 | 11.46 | 14.47 | 15.41 | 24.50 | 50.53 | 64.99 |
| Inventory turnover | 3.07 | 3.12 | 2.89 | 3.00 | 3.28 | 3.68 | 3.64 | 4.01 | 3.98 | 3.93 |
| Asset turnover | 1.38 | 1.44 | 1.51 | 1.54 | 1.37 | 1.40 | 1.91 | 1.61 | 1.45 | 1.58 |
| Average receivables | $422.8M | $213.6M | $128.8M | $105.0M | $76.4M | $55.7M | $60.5M | $76.6M | $79.3M | $97.5M |
| Average payables | $301.4M | $309.9M | $260.6M | $231.2M | $231.0M | $133.9M | $95.5M | $60.1M | $24.7M | $17.6M |
| Average inventory | $1.57B | $1.38B | $1.39B | $1.21B | $806.9M | $526.0M | $404.8M | $367.2M | $314.0M | $291.2M |
| Intangibles / total assets | 2.3% | 2.3% | 0.3% | 0.8% | 9.3% | 11.2% | 1.2% | 2.4% | 1.2% | 1.5% |
Computed from LULU's annual financial statements (latest annual report filed March 17, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LULU valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Lululemon traded at 13.2 times earnings, against a 10-year median of 41.1. Based on the latest twelve months, the trailing P/E is 8.0 and the forward P/E is 10.7. Lululemon earned a return on equity of 34.0% and a return on invested capital of 35.2% in fiscal 2026. It ended the year with $1.8 billion of debt and $1.8 billion in cash and short-term investments, a net cash position of $8.8 million. It returned $1.2 billion to shareholders: $0 in dividends and $1.2 billion in share buybacks, 128% of free cash flow. The share count fell 13.3% from 137.3M to 119.1M over 9 years.
See the LULU income statement, the LULU chart for price history, or the LULU stock overview for the latest quote and news.
LULU key metrics FAQ
What is Lululemon's P/E ratio?
Lululemon's trailing P/E ratio is 8.0 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 10.7. At the end of fiscal 2026 it was 13.2, compared with a 10-year median of 41.1.
What is Lululemon's EV/EBITDA?
Lululemon's enterprise value was 7.6 times EBITDA at the end of fiscal 2026 (enterprise value $20.8 billion, EBITDA $2.7 billion); the current EV/EBITDA is 4.9.
What is Lululemon's return on equity?
Lululemon's return on equity (ROE) was 34.0% in fiscal 2026: net income of $1.6 billion on average shareholders' equity of $4.6 billion.
What is Lululemon's ROIC?
Lululemon's return on invested capital was 35.2% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lululemon have?
Lululemon had total debt of $1.8 billion at the end of fiscal 2026, a debt-to-equity ratio of 0.36 and more cash than debt.
Does Lululemon buy back its shares?
Yes. Lululemon spent $1.2 billion on net share repurchases in fiscal 2026 Shares outstanding changed −3.9% over the year, to 119.1M..
What is Lululemon's free cash flow yield?
Lululemon generated $921.7 million of free cash flow in fiscal 2026, a free cash flow yield of 4.4% on its market value at year-end ($20.8 billion).
What is Lululemon's current ratio?
Lululemon's current ratio was 2.26 at the end of fiscal 2026: current assets were 2.26 times current liabilities.