Lululemon Athletica (NEOE:ZLUL) Cyclically Adjusted Revenue per Share: C$3.13 (As of Jul. 2026)

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NEOE:ZLUL Lululemon Athletica Inc NEOE:ZLUL
67 GF Score
Price C$5.58
GF Value C$17.13
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Lululemon Athletica Cyclically Adjusted Revenue per Share?

Lululemon Athletica NEOE:ZLUL -15.45% 67 Cyclically Adjusted Revenue per Share is C$3.13 as of Jul. 2026. GuruFocus rates NEOE:ZLUL with a GF Score™ of 67/100 and a GF Value™ of C$17.13 (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 Jul. 2026 was C$30.174. 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 C$3.13 for the trailing ten years ended in Jul. 2026.

During the past 12 months, Lululemon Athletica's average Cyclically Adjusted Revenue Growth Rate was 18.40% 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 (2026-09-07), Lululemon Athletica's current stock price is C$5.58. Lululemon Athletica's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 was C$3.13. Lululemon Athletica's Cyclically Adjusted PS Ratio of today is 1.78.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Lululemon Athletica was 22.23. The lowest was 1.71. And the median was 11.06.


Lululemon Athletica  (NEOE:ZLUL) 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
=5.58/3.13
=1.78

* 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 1.71. 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 0.00 0.00 0.00 0.00 3.37

Lululemon Athletica Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 0.00 3.01 3.37 3.27 3.13

NEOE:ZLUL vs BURL, GAP, VSXY: 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.


NEOE:ZLUL
67GF Score
Lululemon Athletica Inc NEOE:ZLUL
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 Jul. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=30.174/134.2375*134.2375
=30.174

Current CPI (Jul. 2026) = 134.2375.

Lululemon Athletica Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 5.257 102.002 6.918
201701 7.588 102.318 9.955
201704 5.096 103.029 6.640
201707 5.410 103.029 7.049
201710 5.756 103.424 7.471
201801 8.506 104.056 10.973
201804 6.085 105.320 7.756
201807 7.063 106.110 8.935
201810 7.306 105.952 9.256
201901 11.732 105.557 14.920
201904 7.969 107.453 9.955
201907 8.852 108.243 10.978
201910 9.237 107.927 11.489
202001 13.974 108.085 17.355
202004 7.002 107.216 8.767
202007 9.317 108.401 11.538
202010 11.281 108.638 13.939
202101 16.806 109.192 20.661
202104 11.699 110.851 14.167
202107 13.929 112.431 16.631
202110 13.853 113.695 16.356
202201 20.750 114.801 24.263
202204 15.851 118.357 17.978
202207 18.896 120.964 20.969
202210 19.887 121.517 21.969
202301 29.111 121.596 32.137
202304 21.140 123.571 22.965
202307 22.933 124.914 24.645
202310 23.842 125.310 25.541
202401 33.986 125.072 36.476
202404 23.908 126.890 25.292
202407 26.043 128.075 27.296
202410 26.849 127.838 28.193
202501 42.687 127.443 44.963
202504 27.427 129.102 28.518
202507 28.888 130.290 29.763
202510 30.275 130.603 31.117
202601 42.781 130.366 44.051
202604 29.437 132.736 29.770
202607 30.174 134.238 30.174

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 C$3.13 mean?
Lululemon Athletica (NEOE:ZLUL) has a Cyclically Adjusted Revenue per Share of C$3.13 as of Jul. 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 C$3.13. Overall, Lululemon Athletica has a GF Score™ of 67/100 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 BURL and GAP?
Lululemon Athletica's Cyclically Adjusted Revenue per Share of C$3.13 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 C$3.13. 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 (NEOE:ZLUL) is currently considered Significantly Undervalued. The stock's GF Value™ is C$17.13, compared to a current price of C$5.58 — trading 67.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is C$3.13. Lululemon Athletica's overall GF Score™ is 67/100 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 (NEOE:ZLUL), the current Cyclically Adjusted Revenue per Share is C$3.13 as of Jul. 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 (NEOE:ZLUL) Overvalued in 2026?

Based on GuruFocus' analysis, Lululemon Athletica stock appears to be undervalued. The current stock price of C$5.58 is trading 67.4% below its estimated GF Value™ of C$17.13. GuruFocus considers Lululemon Athletica to be Significantly Undervalued.

Key valuation signals for NEOE:ZLUL:

  • Cyclically Adjusted Revenue per Share: C$3.13
  • GF Value™: C$17.13 vs. price of C$5.58 (67.4% below fair value)
  • GF Score™: 67/100 with 1 warning sign

No single metric tells the full story. See the NEOE:ZLUL 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.
67GF Score

Get the complete analysis for NEOE:ZLUL

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

C$5.58
Price
C$17.13
GF Value