Lululemon Athletica Inc. (LULU) P/E Ratio History
Deep ValueTrading at 8.4x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 2007–2026
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P/E Ratio Analysis
As of June 22, 2026, Lululemon Athletica Inc. (LULU) trades at a price-to-earnings ratio of 8.4x, with a stock price of $111.77 and trailing twelve-month earnings per share of $12.64.
The current P/E is 76% below its 5-year average of 34.7x. Over the past five years, LULU's P/E has ranged from a low of 10.8x to a high of 70.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.2x, LULU trades at a 60% discount to its sector peers. The sector includes 307 companies with P/E ratios ranging from 0.1x to 184.9x.
The PEG ratio of 0.35 (P/E divided by -9% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, LULU trades at a notable discount to the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our LULU DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
LULU Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
LULU P/E vs Peers
Athletic and Performance Apparel Brands peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $54B | 20.9Lowest | 3.38 | -42% | |
| $4B | 145.4 | - | -95% | |
| $25B | 27.3 | - | +30% | |
| $7B | 27.1 | - | +231%Best | |
| $13B | 53.6 | - | -18% | |
| $2.6T | 34.1 | 1.22Best | +30% | |
| $141B | 115.8 | 3.95 | -39% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
LULU Historical P/E Data (2007–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | May 03 2026 | $133.58 | $12.35 | 10.8x | -73% |
| FY2025 Q4 | Feb 01 2026 | $174.50 | $13.26 | 13.2x | -67% |
| FY2025 Q3 | Nov 02 2025 | $170.54 | $14.43 | 11.8x | -70% |
| FY2025 Q2 | Aug 03 2025 | $193.33 | $14.71 | 13.1x | -67% |
| FY2025 Q1 | May 04 2025 | $277.36 | $14.76 | 18.8x | -52% |
| FY2024 Q4 | Feb 02 2025 | $414.20 | $14.70 | 28.2x | -29% |
| FY2024 Q3 | Oct 27 2024 | $304.15 | $13.85 | 22.0x | -44% |
| FY2024 Q2 | Jul 28 2024 | $253.50 | $12.94 | 19.6x | -50% |
| FY2024 Q1 | Apr 28 2024 | $364.70 | $12.47 | 29.2x | -26% |
| FY2023 Q4 | Jan 28 2024 | $478.03 | $12.21 | 39.2x | -1% |
| FY2023 Q3 | Oct 29 2023 | $386.82 | $7.86 | 49.2x | +25% |
| FY2023 Q2 | Jul 30 2023 | $377.96 | $7.90 | 47.8x | +21% |
| FY2023 Q1 | Apr 30 2023 | $379.93 | $7.48 | 50.8x | +29% |
| FY2022 Q4 | Jan 29 2023 | $310.85 | $6.68 | 46.5x | +18% |
| FY2022 Q3 | Oct 30 2022 | $328.48 | $9.10 | 36.1x | -9% |
| FY2022 Q2 | Jul 31 2022 | $310.51 | $8.54 | 36.4x | -8% |
| FY2022 Q1 | May 01 2022 | $354.63 | $7.87 | 45.1x | +14% |
| FY2021 Q4 | Jan 30 2022 | $315.91 | $7.50 | 42.1x | +7% |
| FY2021 Q3 | Oct 31 2021 | $466.01 | $6.66 | 70.0x | +77% |
| FY2021 Q2 | Aug 01 2021 | $400.17 | $6.32 | 63.3x | +60% |
| FY2021 Q1 | May 02 2021 | $335.27 | $5.39 | 62.2x | +58% |
| FY2020 Q4 | Jan 31 2021 | $328.68 | $4.50 | 73.0x | +85% |
| FY2020 Q3 | Nov 01 2020 | $319.29 | $4.26 | 75.0x | +90% |
| FY2020 Q2 | Aug 02 2020 | $325.59 | $4.12 | 79.0x | +100% |
| FY2020 Q1 | May 03 2020 | $218.69 | $4.42 | 49.5x | +25% |
| FY2019 Q4 | Feb 02 2020 | $239.39 | $4.94 | 48.5x | +23% |
| FY2019 Q3 | Nov 03 2019 | $200.69 | $4.31 | 46.6x | +18% |
| FY2019 Q2 | Aug 04 2019 | $178.93 | $4.06 | 44.1x | +12% |
| FY2019 Q1 | May 05 2019 | $178.64 | $3.81 | 46.9x | +19% |
| FY2018 Q4 | Feb 03 2019 | $146.12 | $3.62 | 40.4x | +2% |
| FY2018 Q3 | Oct 28 2018 | $134.82 | $2.85 | 47.3x | +20% |
| FY2018 Q2 | Jul 29 2018 | $120.00 | $2.57 | 46.7x | +18% |
| FY2018 Q1 | Apr 29 2018 | $99.17 | $2.22 | 44.7x | +13% |
| FY2017 Q4 | Jan 28 2018 | $79.08 | $1.90 | 41.6x | +5% |
| FY2017 Q3 | Oct 29 2017 | $62.40 | $2.01 | 31.0x | -21% |
| FY2017 Q2 | Jul 30 2017 | $61.83 | $2.08 | 29.7x | -25% |
| FY2017 Q1 | Apr 30 2017 | $52.00 | $2.11 | 24.6x | -38% |
| FY2016 Q4 | Jan 29 2017 | $66.82 | $2.21 | 30.2x | -23% |
| FY2016 Q3 | Oct 30 2016 | $58.40 | $2.07 | 28.2x | -29% |
| FY2016 Q2 | Jul 31 2016 | $77.65 | $1.95 | 39.8x | +1% |
| FY2016 Q1 | May 01 2016 | $65.55 | $1.90 | 34.5x | -13% |
| FY2015 Q4 | Jan 31 2016 | $62.07 | $1.91 | 32.5x | -18% |
| FY2015 Q3 | Nov 01 2015 | $49.17 | $1.84 | 26.7x | -32% |
| FY2015 Q2 | Aug 02 2015 | $62.86 | $1.88 | 33.4x | -15% |
| FY2015 Q1 | May 03 2015 | $63.57 | $1.87 | 34.0x | -14% |
| FY2014 Q4 | Feb 01 2015 | $66.24 | $1.66 | 39.9x | +1% |
| FY2014 Q3 | Nov 02 2014 | $41.65 | $1.63 | 25.6x | -35% |
| FY2014 Q2 | Aug 03 2014 | $38.30 | $1.66 | 23.1x | -42% |
| FY2014 Q1 | May 04 2014 | $45.45 | $1.72 | 26.4x | -33% |
| FY2013 Q4 | Feb 02 2014 | $45.69 | $1.91 | 23.9x | -39% |
| FY2013 Q3 | Nov 03 2013 | $67.85 | $1.90 | 35.7x | -10% |
| FY2013 Q2 | Aug 04 2013 | $72.70 | $1.84 | 39.5x | +0% |
| FY2013 Q1 | May 05 2013 | $76.36 | $1.84 | 41.5x | +5% |
| FY2012 Q4 | Feb 03 2013 | $67.86 | $1.84 | 36.9x | -7% |
| FY2012 Q3 | Oct 28 2012 | $67.49 | $1.61 | 41.9x | +6% |
| FY2012 Q2 | Jul 29 2012 | $61.58 | $1.49 | 41.3x | +5% |
| FY2012 Q1 | Apr 29 2012 | $74.71 | $1.36 | 54.9x | +39% |
| FY2011 Q4 | Jan 29 2012 | $64.12 | $1.27 | 50.5x | +28% |
| FY2011 Q3 | Oct 30 2011 | $57.94 | $1.14 | 50.8x | +29% |
| FY2011 Q2 | Jul 31 2011 | $60.54 | $1.05 | 57.7x | +46% |
| FY2011 Q1 | May 01 2011 | $50.02 | $0.94 | 53.2x | +35% |
| FY2010 Q4 | Jan 30 2011 | $34.30 | $0.85 | 40.4x | +2% |
| FY2010 Q3 | Oct 31 2010 | $22.16 | $0.67 | 33.1x | -16% |
| FY2010 Q2 | Aug 01 2010 | $20.74 | $0.59 | 35.2x | -11% |
| FY2010 Q1 | May 02 2010 | $18.81 | $0.51 | 37.2x | -6% |
| FY2009 Q4 | Jan 31 2010 | $14.12 | $0.41 | 34.4x | -13% |
| FY2009 Q3 | Nov 01 2009 | $12.56 | $0.28 | 44.1x | +12% |
| FY2009 Q2 | Aug 02 2009 | $8.86 | $0.25 | 35.4x | -10% |
| FY2009 Q1 | May 03 2009 | $7.03 | $0.27 | 26.5x | -33% |
| FY2008 Q4 | Feb 01 2009 | $3.40 | $0.28 | 12.1x | -69% |
| FY2008 Q3 | Nov 02 2008 | $7.08 | $0.32 | 22.5x | -43% |
| FY2008 Q2 | Aug 03 2008 | $11.01 | $0.30 | 36.1x | -9% |
| FY2008 Q1 | May 04 2008 | $15.66 | $0.26 | 60.2x | +53% |
| FY2007 Q4 | Feb 03 2008 | $17.45 | $0.23 | 77.6x | +96% |
Average P/E for displayed period: 39.5x
Full Stock Analysis
Deep dive into LULU consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
19+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
LULU — Frequently Asked Questions
Quick answers to the most common questions about buying LULU stock.
What is LULU's P/E ratio?
Lululemon Athletica Inc. (LULU) trailing twelve-month P/E ratio is 8.4x, based on TTM diluted EPS of $12.64. The 5-year average P/E is 34.7x and the historical range spans 10.8x to 70.0x.
Is LULU stock overvalued or undervalued?
LULU trades at 8.4x P/E, below its 5-year average of 34.7x. At the 0th percentile of its historical range (10.8x–70.0x), the stock is priced at a discount to its own history.
Is LULU stock expensive?
No, LULU is not expensive on a historical basis. The current P/E of 8.4x is below the 5-year average of 34.7x and sits at the 0th percentile of its valuation range.
What is LULU's historical P/E range?
Over the past 5 years, LULU's P/E ratio has ranged from 10.8x to 70.0x, with a median of 36.4x and an average of 34.7x. The current P/E of 8.4x places the stock at the 0th percentile of this range. Full historical data spans 2007–2026.
How does LULU's P/E compare to the S&P 500?
LULU trades at 8.4x P/E versus the S&P 500 median of 24.4x. The 66% discount to the market suggests lower growth expectations or perceived higher risk.
How does LULU's valuation compare to Consumer Cyclical peers?
Lululemon Athletica Inc. P/E of 8.4x compares to the Consumer Cyclical sector median of 21.2x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is LULU's PEG ratio?
LULU PEG ratio is 0.35, based on a P/E of 8.4x and EPS growth of -9.4%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is LULU's earnings yield?
LULU earnings yield is 11.86%, the inverse of its 8.4x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.