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Lululemon Athletica (BSP:L1UL34) Cyclically Adjusted Book per Share : R$20.98 (As of Jan. 2024)


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What is Lululemon Athletica Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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 for the three months ended in Jan. 2024 was R$41.225. 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 R$20.98 for the trailing ten years ended in Jan. 2024.

During the past 12 months, Lululemon Athletica's average Cyclically Adjusted Book Growth Rate was 17.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 19.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 19.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Lululemon Athletica was 19.80% per year. The lowest was 17.00% per year. And the median was 18.50% per year.

As of today (2024-05-15), Lululemon Athletica's current stock price is R$451.35. Lululemon Athletica's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2024 was R$20.98. Lululemon Athletica's Cyclically Adjusted PB Ratio of today is 21.51.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lululemon Athletica was 43.31. The lowest was 9.24. And the median was 22.57.


Lululemon Athletica Cyclically Adjusted Book per Share Historical Data

The historical data trend for Lululemon Athletica's Cyclically Adjusted Book per Share 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 Book per Share Chart

Lululemon Athletica Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 13.70 15.49 18.02 20.98

Lululemon Athletica Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Cyclically Adjusted Book per Share 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 18.02 18.52 18.36 20.18 20.98

Competitive Comparison of Lululemon Athletica's Cyclically Adjusted Book per Share

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 Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

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

Adj_Book= Book Value per Share /CPI of Jan. 2024 (Change)*Current CPI (Jan. 2024)
=41.225/125.4675*125.4675
=41.225

Current CPI (Jan. 2024) = 125.4675.

Lululemon Athletica Quarterly Data

Book Value per Share CPI Adj_Book
201404 4.330 98.920 5.492
201407 4.347 99.315 5.492
201410 4.670 99.473 5.890
201501 5.056 98.209 6.459
201504 6.141 99.710 7.727
201507 6.274 100.579 7.826
201510 7.367 100.500 9.197
201601 7.588 100.184 9.503
201604 7.380 101.370 9.134
201607 6.914 101.844 8.518
201610 6.997 102.002 8.607
201701 7.912 102.318 9.702
201704 7.725 103.029 9.407
201707 8.253 103.029 10.050
201710 8.379 103.424 10.165
201801 10.204 104.056 12.304
201804 10.277 105.320 12.243
201807 9.526 106.110 11.264
201810 9.987 105.952 11.827
201901 10.446 105.557 12.416
201904 10.221 107.453 11.935
201907 10.928 108.243 12.667
201910 12.915 107.927 15.014
202001 15.543 108.085 18.043
202004 19.566 107.216 22.897
202007 20.246 108.401 23.433
202010 23.338 108.638 26.953
202101 26.337 109.192 30.263
202104 28.211 110.851 31.931
202107 26.543 112.431 29.621
202110 28.476 113.695 31.425
202201 29.479 114.801 32.218
202204 24.789 118.357 26.278
202207 30.072 120.964 31.192
202210 31.293 121.517 32.310
202301 32.102 121.596 33.124
202304 32.763 123.571 33.266
202307 33.462 124.914 33.610
202310 35.303 125.310 35.348
202401 41.225 125.468 41.225

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


Lululemon Athletica  (BSP:L1UL34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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 Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=451.35/20.98
=21.51

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Lululemon Athletica was 43.31. The lowest was 9.24. And the median was 22.57.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Lululemon Athletica Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Lululemon Athletica's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Lululemon Athletica (BSP:L1UL34) Business Description

Traded in Other Exchanges
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.

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