Lululemon Athletica (MEX:LULU) Cyclically Adjusted Revenue per Share: MXN983.36 (As of Apr. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:LULU Lululemon Athletica Inc MEX:LULU
86 GF Score
Price MXN2,070.77
GF Value MXN6,187.08
Valuation Significantly Undervalued
! 1 Warning Sign
View Full Analysis

What is Lululemon Athletica Cyclically Adjusted Revenue per Share?

Lululemon Athletica MEX:LULU +0.77% 86 Cyclically Adjusted Revenue per Share is MXN983.36 as of Apr. 2026. GuruFocus rates MEX:LULU with a GF Score™ of 86/100 and a GF Value™ of MXN6,187.08 (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 MXN374.888. 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 MXN983.36 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 (2026-08-03), Lululemon Athletica's current stock price is MXN2070.77. Lululemon Athletica's Cyclically Adjusted Revenue per Share for the quarter that ended in Apr. 2026 was MXN983.36. Lululemon Athletica's Cyclically Adjusted PS Ratio of today is 2.11.

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  (MEX:LULU) 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
=2070.77/983.36
=2.11

* 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 499.18 574.79 683.25 933.39 928.59

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 914.78 936.50 960.75 928.59 983.36

MEX:LULU vs GAP, VSXY, URBN: 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.


MEX:LULU
86GF Score
Lululemon Athletica Inc MEX:LULU
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)
=374.888/132.7364*132.7364
=374.888

Current CPI (Apr. 2026) = 132.7364.

Lululemon Athletica Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201607 70.342 101.844 91.679
201610 74.539 102.002 96.999
201701 119.923 102.318 155.576
201704 71.808 103.029 92.513
201707 76.132 103.029 98.084
201710 87.339 103.424 112.093
201801 127.436 104.056 162.561
201804 89.722 105.320 113.078
201807 100.020 106.110 125.118
201810 113.797 105.952 142.564
201901 168.064 105.557 211.338
201904 113.142 107.453 139.764
201907 128.285 108.243 157.313
201910 134.292 107.927 165.162
202001 201.678 108.085 247.675
202004 119.519 107.216 147.968
202007 153.432 108.401 187.876
202010 181.589 108.638 221.869
202101 267.506 109.192 325.188
202104 188.852 110.851 226.138
202107 220.622 112.431 260.467
202110 228.956 113.695 267.301
202201 339.270 114.801 392.274
202204 255.549 118.357 286.597
202207 297.443 120.964 326.391
202210 288.339 121.517 314.961
202301 407.704 121.596 445.057
202304 282.001 123.571 302.917
202307 290.214 124.914 308.387
202310 313.897 125.310 332.501
202401 434.894 125.072 461.543
202404 298.355 126.890 312.103
202407 353.173 128.075 366.028
202410 390.939 127.838 405.919
202501 611.993 127.443 637.414
202504 384.338 129.102 395.158
202507 396.612 130.290 404.059
202510 401.417 130.603 407.974
202601 538.972 130.366 548.772
202604 374.888 132.736 374.888

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 MXN983.36 mean?
Lululemon Athletica (MEX:LULU) has a Cyclically Adjusted Revenue per Share of MXN983.36 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 MXN983.36. Overall, Lululemon Athletica has a GF Score™ of 86/100 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 MXN983.36 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 MXN983.36. 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 (MEX:LULU) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN6,187.08, compared to a current price of MXN2,070.77 — trading 66.5% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN983.36. Lululemon Athletica's overall GF Score™ is 86/100 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 (MEX:LULU), the current Cyclically Adjusted Revenue per Share is MXN983.36 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 (MEX:LULU) Overvalued in 2026?

Based on GuruFocus' analysis, Lululemon Athletica stock appears to be undervalued. The current stock price of MXN2,070.77 is trading 66.5% below its estimated GF Value™ of MXN6,187.08. GuruFocus considers Lululemon Athletica to be Significantly Undervalued.

Key valuation signals for MEX:LULU:

  • Cyclically Adjusted Revenue per Share: MXN983.36
  • GF Value™: MXN6,187.08 vs. price of MXN2,070.77 (66.5% below fair value)
  • GF Score™: 86/100 with 1 warning sign

No single metric tells the full story. See the MEX:LULU 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.
86GF Score

Get the complete analysis for MEX:LULU

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

MXN2,070.77
Price
MXN6,187.08
GF Value