Lululemon Athletica (FRA:33L) Cyclically Adjusted Revenue per Share: €48.51 (As of Apr. 2026)

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FRA:33L Lululemon Athletica Inc FRA:33L
77 GF Score
Price €103.00
GF Value €317.87
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Lululemon Athletica Cyclically Adjusted Revenue per Share?

Lululemon Athletica FRA:33L +0.78% 77 Cyclically Adjusted Revenue per Share is €48.51 as of Apr. 2026. GuruFocus rates FRA:33L with a GF Score™ of 77/100 and a GF Value™ of €317.87 (Significantly Undervalued). The stock has 1 warning sign investors should review.

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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Lululemon Athletica's adjusted revenue per share for the three months ended in Apr. 2026 was €18.299. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €48.51 for the trailing ten years ended in Apr. 2026.

During the past 12 months, Lululemon Athletica's average Cyclically Adjusted Revenue Growth Rate was 18.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 20.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 23.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 22.80% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Lululemon Athletica was 25.70% per year. The lowest was 20.70% per year. And the median was 22.60% per year.

As of today (2026-07-20), Lululemon Athletica's current stock price is €103.00. Lululemon Athletica's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was €48.51. Lululemon Athletica's Cyclically Adjusted PS Ratio of today is 2.12.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Lululemon Athletica was 22.23. The lowest was 1.98. And the median was 11.06.


Lululemon Athletica  (FRA:33L) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Lululemon Athletica's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=103.00/48.51
=2.12

* 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 PS Ratio of Lululemon Athletica was 22.23. The lowest was 1.98. And the median was 11.06.


Be Aware

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


Lululemon Athletica Cyclically Adjusted Revenue per Share Related Terms


Lululemon Athletica Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

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

Lululemon Athletica Cyclically Adjusted Revenue per Share Chart

Lululemon Athletica Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.02 27.55 36.41 43.42 44.60

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 Revenue 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 40.52 44.50 43.97 44.60 48.51

FRA:33L vs GAP, VSXY, BURL: Cyclically Adjusted Revenue per Share 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.


FRA:33L
77GF Score
Lululemon Athletica Inc FRA:33L
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lululemon Athletica Cyclically Adjusted Revenue 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 Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

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

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.

What does a Cyclically Adjusted Revenue per Share of €48.51 mean?
Lululemon Athletica (FRA:33L) has a Cyclically Adjusted Revenue per Share of €48.51 as of Apr. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lululemon Athletica and its competitors.
Is Lululemon Athletica's Cyclically Adjusted Revenue per Share too high?
Lululemon Athletica's current Cyclically Adjusted Revenue per Share is €48.51. Overall, Lululemon Athletica has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Lululemon Athletica's Cyclically Adjusted Revenue per Share compare to GAP and VSXY?
Lululemon Athletica's Cyclically Adjusted Revenue per Share of €48.51 can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Retail - Cyclical company?
A good Cyclically Adjusted Revenue per Share depends on the Retail - Cyclical industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Lululemon Athletica and its competitors. Lululemon Athletica's current Cyclically Adjusted Revenue per Share is €48.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lululemon Athletica stock overvalued right now?
Based on GuruFocus' analysis, Lululemon Athletica (FRA:33L) is currently considered Significantly Undervalued. The stock's GF Value™ is €317.87, compared to a current price of €103.00 — trading 67.6% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €48.51. Lululemon Athletica's overall GF Score™ is 77/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Lululemon Athletica (FRA:33L), the current Cyclically Adjusted Revenue per Share is €48.51 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Lululemon Athletica (FRA:33L) Overvalued in 2026?

Based on GuruFocus' analysis, Lululemon Athletica stock appears to be undervalued. The current stock price of €103.00 is trading 67.6% below its estimated GF Value™ of €317.87. GuruFocus considers Lululemon Athletica to be Significantly Undervalued.

Key valuation signals for FRA:33L:

  • Cyclically Adjusted Revenue per Share: €48.51
  • GF Value™: €317.87 vs. price of €103.00 (67.6% below fair value)
  • GF Score™: 77/100 with 1 warning sign

No single metric tells the full story. See the FRA:33L 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.
77GF Score

Get the complete analysis for FRA:33L

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

€103.00
Price
€317.87
GF Value