Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

lululemon athletica inc., EBITDA calculation

US$ in thousands

12 months ended:	Feb 2, 2025	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Net income	1,814,616)	1,550,190)	854,800)	975,322)	588,913)	645,596)
Add: Income tax expense	761,461)	625,545)	477,771)	358,547)	230,437)	251,797)
Earnings before tax (EBT)	2,576,077)	2,175,735)	1,332,571)	1,333,869)	819,350)	897,393)
Add: Interest expense	—)	—)	—)	—)	—)	—)
Earnings before interest and tax (EBIT)	2,576,077)	2,175,735)	1,332,571)	1,333,869)	819,350)	897,393)
Add: Depreciation and amortization	446,524)	379,384)	291,791)	224,206)	185,478)	161,933)
Earnings before interest, tax, depreciation and amortization (EBITDA)	3,022,601)	2,555,119)	1,624,362)	1,558,075)	1,004,828)	1,059,326)

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	lululemon athletica inc. EBITDA increased from 2023 to 2024 and from 2024 to 2025.

lululemon athletica inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	30,087,062)
Earnings before interest, tax, depreciation and amortization (EBITDA)	3,022,601)
Valuation Ratio
EV/EBITDA	9.95
Benchmarks
EV/EBITDA, Competitors¹
Nike Inc.	10.50
EV/EBITDA, Sector
Consumer Durables & Apparel	10.79
EV/EBITDA, Industry
Consumer Discretionary	16.52

Based on: 10-K (reporting date: 2025-02-02).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

lululemon athletica inc., historical EV/EBITDA calculation, comparison to benchmarks

	Feb 2, 2025	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	39,216,884)	58,093,744)	39,577,239)	42,738,491)	40,187,754)	25,043,644)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	3,022,601)	2,555,119)	1,624,362)	1,558,075)	1,004,828)	1,059,326)
Valuation Ratio
EV/EBITDA³	12.97	22.74	24.36	27.43	39.99	23.64
Benchmarks
EV/EBITDA, Competitors⁴
Nike Inc.	—	13.36	22.14	22.02	32.06	37.14
EV/EBITDA, Sector
Consumer Durables & Apparel	—	15.67	22.55	22.92	32.97	34.40
EV/EBITDA, Industry
Consumer Discretionary	—	20.66	18.14	19.78	21.32	29.33

Based on: 10-K (reporting date: 2025-02-02), 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02).

¹ See details »

² See details »

³ 2025 Calculation
EV/EBITDA = EV ÷ EBITDA
= 39,216,884 ÷ 3,022,601 = 12.97

⁴ Click competitor name to see calculations.

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Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	lululemon athletica inc. EV/EBITDA ratio decreased from 2023 to 2024 and from 2024 to 2025.

lululemon athletica inc. (NASDAQ:LULU)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical