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Lululemon Athletica (NEOE:LULU) Cyclically Adjusted PB Ratio : 18.30 (As of Jun. 11, 2024)


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What is Lululemon Athletica Cyclically Adjusted PB Ratio?

As of today (2024-06-11), Lululemon Athletica's current share price is C$14.46. Lululemon Athletica's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was C$0.79. Lululemon Athletica's Cyclically Adjusted PB Ratio for today is 18.30.

The historical rank and industry rank for Lululemon Athletica's Cyclically Adjusted PB Ratio or its related term are showing as below:

NEOE:LULU' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 9.24   Med: 22.54   Max: 43.31
Current: 18.4

During the past years, Lululemon Athletica's highest Cyclically Adjusted PB Ratio was 43.31. The lowest was 9.24. And the median was 22.54.

NEOE:LULU's Cyclically Adjusted PB Ratio is ranked worse than
97% of 767 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs NEOE:LULU: 18.40

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Lululemon Athletica's adjusted book value per share data for the three months ended in Apr. 2024 was C$45.946. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is C$0.79 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lululemon Athletica Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Lululemon Athletica's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Lululemon Athletica Cyclically Adjusted PB Ratio Chart

Lululemon Athletica Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.08 34.04 28.27 21.69 27.42

Lululemon Athletica Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.62 24.47 24.62 27.42 20.85

Competitive Comparison of Lululemon Athletica's Cyclically Adjusted PB Ratio

For the Apparel Retail subindustry, Lululemon Athletica's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lululemon Athletica's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lululemon Athletica's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Lululemon Athletica's Cyclically Adjusted PB Ratio falls into.



Lululemon Athletica Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Lululemon Athletica's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=14.46/0.79
=18.30

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lululemon Athletica's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, Lululemon Athletica's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book=Book Value per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=45.946/126.2576*126.2576
=45.946

Current CPI (Apr. 2024) = 126.2576.

Lululemon Athletica Quarterly Data

Book Value per Share CPI Adj_Book
201407 8.395 99.315 10.672
201410 8.550 99.473 10.852
201501 9.305 98.209 11.963
201504 9.961 99.710 12.613
201507 9.998 100.579 12.551
201510 9.941 100.500 12.489
201601 10.634 100.184 13.402
201604 10.618 101.370 13.225
201607 11.012 101.844 13.652
201610 11.643 102.002 14.412
201701 13.078 102.318 16.138
201704 13.227 103.029 16.209
201707 13.093 103.029 16.045
201710 13.236 103.424 16.158
201801 15.797 104.056 19.168
201804 15.353 105.320 18.405
201807 13.092 106.110 15.578
201810 13.812 105.952 16.459
201901 14.877 105.557 17.795
201904 14.034 107.453 16.490
201907 15.160 108.243 17.683
201910 16.689 107.927 19.523
202001 19.603 108.085 22.899
202004 20.678 107.216 24.350
202007 20.727 108.401 24.141
202010 21.935 108.638 25.492
202101 24.977 109.192 28.881
202104 25.318 110.851 28.837
202107 25.776 112.431 28.946
202110 25.557 113.695 28.381
202201 26.914 114.801 29.600
202204 26.335 118.357 28.093
202207 28.986 120.964 30.255
202210 32.625 121.517 33.898
202301 33.194 121.596 34.467
202304 35.191 123.571 35.956
202307 36.835 124.914 37.231
202310 38.298 125.310 38.588
202401 45.006 125.072 45.432
202404 45.946 126.258 45.946

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Lululemon Athletica  (NEOE:LULU) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Lululemon Athletica Cyclically Adjusted PB Ratio Related Terms

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Lululemon Athletica (NEOE:LULU) Business Description

Address
1818 Cornwall Avenue, Vancouver, BC, CAN, V6J 1C7
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 680 company-owned stores in 19 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.