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lululemon athletica inc., (33L) Fair Value & Analysis

Consumer Cyclical · DE · Market cap €13.5B

LA lululemon athletica inc., 33L · XETRA
Price€93.70
Fair Value€288.91
Upside+208.3%
Quality51/100
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Evidence: High Range €184.53 – €361.14

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 11 days ago

Fair value updated Jun 24, 2026 — revised from €255.91 to €288.91 (+12.9%) since Jun 23, 2026. Share price −3.7% over the past month.

Price vs Fair Value (12 months)

€189.72 €84.17 Fair Value €288.91 Jul 2025 Jul 2026

12‑month range €84.17 – €189.72 · fair‑value band €184.53 – €361.14 · the €93.70 price screens below the €288.91 fair value. As of Jun 24, 2026.

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Analysis

lululemon athletica inc., (33L) currently trades at €93.70, while our model-based Fair Value estimate is €288.91 — implying the stock looks roughly 208.3% undervalued today. We read business quality at 51/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, lululemon athletica inc., generated revenue of €11.1B at a net margin of 14.2%. Revenue grew 0.8% year over year. It earns a return on equity of 34.0%. The stock trades on a trailing P/E of 9.9. Fundamentals as of Jun 24, 2026

Our scenario range runs from €184.53 (bear case) to €361.14 (bull case); at €93.70, the current price sits below that range. The share trades about 68% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside — at 208%, 33L screens cheaper than that median.

Key figures & financial health

Revenue (TTM) €11.1B
Revenue growth (YoY) +0.8%
Net margin 14.2%
Return on equity 34.0%
Free cash flow €922M FY2026
P/E ratio 9.9
More key figures
Operating margin 22.3%
EPS (TTM) €11.38
EPS growth (YoY) -18.5%

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails technical athletic apparel, footwear, and accessories for women and men under the lululemon brand in the United States, Canada, Mexico, China, Hong Kong, Taiwan, Macau, Greece, and internationally. It offers pants, shorts, tops, and jackets for athletic activities, such as yoga, running, training, and other activities. The company also provides fitness-inspired accessories. It sells its products through company-operated stores; seasonal stores, pop-ups, university campus retailers, and yoga and fitness studios; outlets; Like New, a re-commerce program; and its e-commerce website. The company was founded in 1998 and is based in Vancouver, Canada.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

lululemon athletica inc., reported revenue of €11.1B in FY2026 versus €6.3B in FY2022, a compound +15.4%/yr. Reported net income was €1.6B in FY2026, compounding +12.8%/yr from FY2022.

Revenue +15.4%/yr
FY22 €6.3B
FY23 €8.1B
FY24 €9.6B
FY25 €10.6B
FY26 €11.1B
Net income +12.8%/yr
FY22 €975M
FY23 €855M
FY24 €1.6B
FY25 €1.8B
FY26 €1.6B

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Cite: Fair Value Calculator (2026). "lululemon athletica inc., Fair Value". https://www.fairvalue-calculator.com/stock/33L

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Frequently asked questions

Is lululemon athletica inc., (33L) undervalued?
As of Jun 24, 2026, our model estimates a fair value of €288.91 versus a price of €93.70 — about +208% (undervalued). Model-based estimate, not financial advice.
What is the fair value of 33L?
Our model-based fair value for lululemon athletica inc., is €288.91 (as of Jun 24, 2026), built from audited fundamentals. The current price is €93.70.
What is the quality score of 33L?
lululemon athletica inc., has a Quality Score of 51/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of lululemon athletica inc., (33L)?
lululemon athletica inc., reported trailing-twelve-month revenue of about €11.1B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of 33L?
The net profit margin of lululemon athletica inc., is about 14.2%, meaning it keeps roughly 14.2% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.