lululemon athletica inc.
—- Market cap
- $10.62B
- Debt
- +$2.08B
- Cash
- —
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 84% equity / 16% debt
Compare price, profitability, solvency, and SEC-reported financials side by side—before deciding which assumptions deserve a closer look.
FY 2026 ·
Decision snapshot: LULU stock price at premium vs UA $100.61 current versus $46.37 implied using P/S multiple.
Quick read
Each company valued on the other's multiple, then compared with the market price.
Implied fair value · at UA's multiple
Implied fair value · at LULU's multiple
Snapshot Sep 4, 4:00 PM ET
Metric by metric
Where each company leads, and how wide the gap is.
Growth edge
Pricing power
Operating leverage
Multiple premium
Not comparable
Lower leverage
Statements
Core statements aligned to each company's latest fiscal year.
SEC periods: LULU FY 2026 (ended Feb 1, 2026) · UA FY 2026 (ended Mar 31, 2026). Fiscal years are not aligned.
Trendline
Six fiscal years of revenue, earnings, and margins before underwriting a re-rating.
Price framework
Market cap plus debt, less cash.
Complete market value, debt and cash evidence is required for enterprise value.
Capital structure 84% equity / 16% debt
Capital structure 55% equity / 45% debt · EV / Revenue 0.74x
LULU carries the larger enterprise value at $12.70B against $3.67B; UA trades on the lower EV / Revenue multiple (0.74x vs 1.14x).
Price framework
The same filing-backed model used on each company's valuation page, with company-specific inputs and calculated scenarios.
lululemon athletica inc. · implied price per share
Debt and bridge-cash inputs are required to translate enterprise value into equity value.
Under Armour, Inc. · implied price per share
Five annual free-cash-flow observations are required for the filing-backed baseline.
Balance sheet health
Financial health checks to separate durable balance sheets from potential value traps.
Financial strength on a 0–9 scale.
Bankruptcy-risk signal from balance sheet and earnings power.
Debt / equity
Total debt against shareholders' equity
0.42x
1.27x
Net debt / EBITDA
Leverage against operating earnings
—
-25.33x
Cash and equivalents
Liquid reserves on the balance sheet
—
$309.17M
Total debt
Interest-bearing obligations outstanding
$2.08B
$1.79B
Comparable set
Where the pair sits against the wider comparable set.
Keep comparing
Open adjacent comparisons from the same industry to pressure-test the read across multiple pairs.
LLM-powered synthesis
An on-demand narrative read of the same deterministic data.
This explanation uses an earlier data snapshot or evidence version. Review its generation date and the current figures, or refresh after signing in.
If you believe LULU can sustain high margins and mid-single-digit growth, then avoid using UAA as a valuation anchor and lean toward the higher intrinsic ranges because LULU's profitability, ROIC, and balance sheet are far superior to UAA's.
On the provided P/S framework, LULU's implied price is $57.40 versus a current price of $118.87, implying a -51.7% downside and a wide valuation gap. That gap is driven by UAA's much weaker operating profile, so UAA multiple is not a clean anchor for LULU's intrinsic value.
Supporting Metrics