Lululemon Athletica (CHIX:33LD) Cyclically Adjusted PS Ratio: (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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CHIX:33LD Lululemon Athletica Inc CHIX:33LD
68 GF Score
Price €97.60
GF Value €306.40
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Lululemon Athletica Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Lululemon Athletica  (CHIX:33Ld) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Lululemon Athletica Cyclically Adjusted PS Ratio Related Terms


Lululemon Athletica Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Lululemon Athletica's Cyclically Adjusted PS 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.

Lululemon Athletica Cyclically Adjusted PS Ratio Chart

Lululemon Athletica Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.93 10.04 12.06 9.15 3.24

Lululemon Athletica Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Cyclically Adjusted PS 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 5.71 4.04 3.32 3.24 2.44

CHIX:33LD vs GAP, VSXY, BURL: Cyclically Adjusted PS Ratio Comparison

For the Apparel Retail subindustry, Lululemon Athletica's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Cyclically Adjusted PS Ratio vs Retail - Cyclical Industry

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

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


CHIX:33LD
68GF Score
Lululemon Athletica Inc CHIX:33LD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Lululemon Athletica Cyclically Adjusted PS Ratio Calculation

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

Lululemon Athletica's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 is calculated as:

For example, Lululemon Athletica's adjusted Revenue per Share data for the three months ended in Apr. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Apr. 2026 (Change)*Current CPI (Apr. 2026)
=18.299/132.7364*132.7364
=18.299

Current CPI (Apr. 2026) = 132.7364.

Lululemon Athletica Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 3.393 101.844 4.422
201610 3.602 102.002 4.687
201701 5.410 102.318 7.018
201704 3.538 103.029 4.558
201707 3.696 103.029 4.762
201710 3.885 103.424 4.986
201801 5.612 104.056 7.159
201804 3.895 105.320 4.909
201807 4.604 106.110 5.759
201810 4.888 105.952 6.124
201901 7.727 105.557 9.717
201904 5.301 107.453 6.548
201907 6.025 108.243 7.388
201910 6.331 107.927 7.786
202001 9.619 108.085 11.813
202004 4.586 107.216 5.678
202007 6.006 108.401 7.354
202010 7.255 108.638 8.864
202101 10.843 109.192 13.181
202104 7.828 110.851 9.374
202107 9.405 112.431 11.104
202110 9.603 113.695 11.211
202201 14.533 114.801 16.803
202204 11.623 118.357 13.035
202207 14.359 120.964 15.756
202210 14.745 121.517 16.106
202301 20.127 121.596 21.971
202304 14.298 123.571 15.358
202307 15.693 124.914 16.676
202310 16.466 125.310 17.442
202401 23.243 125.072 24.667
202404 16.295 126.890 17.046
202407 17.509 128.075 18.146
202410 17.916 127.838 18.603
202501 28.658 127.443 29.848
202504 17.460 129.102 17.952
202507 18.082 130.290 18.422
202510 18.592 130.603 18.896
202601 26.437 130.366 26.918
202604 18.299 132.736 18.299

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Lululemon Athletica (CHIX:33LD) Overvalued in 2026?

Based on GuruFocus' analysis, Lululemon Athletica stock appears to be undervalued. The current stock price of €97.60 is trading 68.1% below its estimated GF Value™ of €306.40. GuruFocus considers Lululemon Athletica to be Significantly Undervalued.

Key valuation signals for CHIX:33LD:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €306.40 vs. price of €97.60 (68.1% below fair value)
  • GF Score™: 68/100 with 1 warning sign

No single metric tells the full story. See the CHIX:33LD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Lululemon Athletica 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. The company offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. Lululemon also sells fitness accessories, such as bags, yoga mats, and equipment. It sells its products through digital channels, a small number of wholesale partners, more than 800 company-owned stores in about two dozen countries in North America, Asia, and Western Europe, and about 45 franchised locations in the Middle East and Europe. The company was founded in 1998 and is based in Vancouver, Canada.
68GF Score

Get the complete analysis for CHIX:33LD

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€97.60
Price
€306.40
GF Value