Is Lululemon Athletica (LULU) overvalued or fairly valued?

MarketChacha shows Lululemon Athletica's valuation in context — a trailing P/E of about 12.6, a forward P/E of about 11.2, a price-to-book of about 3.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Lululemon Athletica's reported profit turn into cash?

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.23×) from reported figures — education, not a rating.

What is Lululemon Athletica's revenue?

Lululemon Athletica reported revenue of $11.1B for FY2026, with net profit of $1.6B, per official filings.

What is the share price of Lululemon Athletica (LULU)?

Lululemon Athletica last traded at $125.61 (-1.7% on the day), as of 8/11/2026 — a delayed quote shown for education, not investment advice.

Lululemon Athletica

LULU · NASDAQ · Consumer Discretionary · United States

Snapshot

TickerLULU

ExchangeNASDAQ

SectorConsumer Discretionary

IndustryApparel Retail

CountryUnited States

Employees39,000

HeadquartersVancouver, Canada

Websitecorporate.lululemon.com

Filings tracked17

About Lululemon Athletica

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China, Hong Kong, Taiwan, Macau, Greece, and internationally. It offers pants, shorts, tops, and jackets for athletic activities, such as yoga, running, training, and other activities. The company also provides fitness-inspired accessories. It sells its products through company-operated stores; seasonal stores, pop-ups, university campus retailers, and yoga and fitness studios; outlets; Like New, a re-commerce program; and its e-commerce website. The company was founded in 1998 and is based in Vancouver, Canada.

Who owns it

Insiders4.4%
Institutions81.5%
Public & other14.1%

1,307 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.8.16%
Vanguard Capital Management LLC6.39%
Vanguard Portfolio Management LLC4.77%
State Street Corporation4.17%
FMR, LLC3.97%
Geode Capital Management, LLC2.86%
Federated Hermes, Inc.2.77%
Morgan Stanley1.69%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.23×

Over 4 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend10.5% → 14.2%

Margin has expanded by about 3.7 points — the business is getting more profitable.

Return on equity31.8%

Latest ROE of 31.8% — capital is generating a healthy return.

Growth qualityrev 11% · PAT 23%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $2.5B · EPS 2.52

Est. earnings growth -5.6%

Next fiscal year

Rev $11.3B · EPS 11.46

Est. earnings growth +2.6%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$11.1B

Net margin

14.2%

ROE

31.8%

Revenue CAGR (3y)

+11.0%

Profit CAGR (3y)

+22.7%

EPS (FY2026)

13.26

Net profit (FY2026)

$1.6B

Ask MarketChacha about LULU

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$11.1B	$1.6B	13.26	14.2%	31.8%
FY2025	$10.6B	$1.8B	14.64	17.1%	42.0%
FY2024	$9.6B	$1.6B	12.20	16.1%	36.6%
FY2023	$8.1B	$854.8M	6.68	10.5%	27.1%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$2.5B	$195.0M	1.69	7.9%
2025Q4	$2.6B	$306.8M	2.59	12.0%
2025Q3	$2.5B	$370.9M	3.10	14.7%
2025Q2	$2.4B	$314.6M	2.60	13.3%
2024Q4	$2.4B	$351.9M	2.87	14.7%
2024Q3	$2.4B	$392.9M	3.15	16.6%
2024Q2	$2.2B	$321.4M	2.54	14.6%
2023Q4	$2.2B	$248.7M	1.96	11.3%
2023Q3	$2.2B	$341.6M	2.68	15.5%
2023Q2	$2.0B	$290.4M	2.28	14.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Shareholder vote results
SEC6/26/2026material
8-K — Results of operations, Exhibits
SEC6/4/2026material
10-Q filing
SEC6/4/2026
8-K — Material agreement, Reg FD disclosure, Exhibits
SEC5/27/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC4/28/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC4/22/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC3/17/2026material
8-K — Results of operations, Exhibits
SEC3/17/2026material
10-K filing
SEC3/17/2026
8-K — Reg FD disclosure, Exhibits
SEC1/12/2026material

2025

8-K — Other events, Exhibits
SEC12/29/2025material
8-K — Results of operations, Executive/director change, Other events, Exhibits
SEC12/11/2025material
10-Q filing
SEC12/11/2025
8-K — Executive/director change, Exhibits
SEC11/21/2025material
8-K — Material agreement, Material financial obligation, Exhibits
SEC10/21/2025material
8-K — Results of operations, Exhibits
SEC9/4/2025material
10-Q filing
SEC9/4/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.