lululemon athletica inc. (LULU)

Apparel & Other Finishd Prods of Fabrics & Similar Matl

Latest Price

$100.30

TTM P/E

8.24

Normalized P/E

8.93

Div Yield

Book Value

41.97

P/B Ratio

2.39

Valuation metrics

EPS: $13.26

Book value / share: $44.55

Formula: √(22.5 × EPS × BVPS)

Graham Number

$115.29

+15% upside

Norm. op. income: $1.3B (median of 7yr)

Tax rate: 29%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$100.35

+0% upside

Base FCF: $922M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$157.34

+57% upside

EPS: $13.26

Target P/E: 9×

Formula: EPS × P/E

P/E Fair Value

$119.34

+19% upside

92.3% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	8.85M	$1.01B	8.31%	-650.9K	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	6.83M	$779.0M	6.41%	-100.6K	2026-06-30
CITADEL ADVISORS LLC	6.28M	$716.0M	5.89%	+2.04M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	5.05M	$576.0M	4.74%	-123.2K	2026-06-30
STATE STREET CORP	4.52M	$515.0M	4.24%	-3.9K	2026-06-30
JANE STREET GROUP, LLC	4.33M	$494.0M	4.07%	+292.2K	2026-06-30
FEDERATED HERMES, INC.	3.63M	$413.0M	3.40%	+622.4K	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	2.97M	$337.0M	2.79%	-131.3K	2026-06-30
Invesco Ltd.	2.33M	$266.0M	2.19%	+515.1K	2026-06-30
FIL Ltd	2.03M	$231.0M	1.90%	+2.02M	2026-06-30