lululemon athletica inc., current enterprise value calculation

Current share price (P)	$293.06
No. shares of common stock outstanding	120,637,192
US$ in thousands
Common equity (market value)¹	35,353,935)
Add: Undesignated preferred stock, $0.01 par value; none issued and outstanding (per books)	—)
Total equity	35,353,935)
Add: Total debt (book value)	—)
Total equity and debt	35,353,935)
Less: Cash and cash equivalents	1,984,336)
Enterprise value (EV)	33,369,599)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 293.06 × 120,637,192

lululemon athletica inc., EV calculation

	Feb 2, 2025	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020
Share price^1, 2	$341.53	$478.84	$320.31	$343.97	$317.09	$200.80
No. shares of common stock outstanding¹	120,637,192	126,008,093	127,164,641	127,913,369	130,367,628	130,165,083
US$ in thousands
Common equity (market value)³	41,201,220)	60,337,715)	40,732,106)	43,998,362)	41,338,271)	26,137,149)
Add: Undesignated preferred stock, $0.01 par value; none issued and outstanding (book value)	—)	—)	—)	—)	—)	—)
Total equity	41,201,220)	60,337,715)	40,732,106)	43,998,362)	41,338,271)	26,137,149)
Add: Total debt (book value)	—)	—)	—)	—)	—)	—)
Total equity and debt	41,201,220)	60,337,715)	40,732,106)	43,998,362)	41,338,271)	26,137,149)
Less: Cash and cash equivalents	1,984,336)	2,243,971)	1,154,867)	1,259,871)	1,150,517)	1,093,505)
Enterprise value (EV)	39,216,884)	58,093,744)	39,577,239)	42,738,491)	40,187,754)	25,043,644)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of lululemon athletica inc. Annual Report.

³ 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 341.53 × 120,637,192

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	lululemon athletica inc. EV increased from 2023 to 2024 but then decreased significantly from 2024 to 2025.

lululemon athletica inc. (NASDAQ:LULU)

Enterprise Value (EV)