Latest Ratios: P/E Ratio -1.8x · EV/EBITDA N/A · ROE -162.8%. (2017–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $24.9B | $15.2B | $10.6B | $16.7B | $21.9B | $88.4B | — | — | — | — |
| Enterprise Value | $24.9B | $15.2B | $10.7B | $16.7B | $22.0B | $88.4B | — | — | — | — |
| P/E Ratio → | -1.79 | — | — | — | 5882.81 | — | — | — | — | — |
| P/S Ratio | 88.18 | 53.91 | 33.67 | 46.99 | 49.91 | 235.44 | — | — | — | — |
| P/B Ratio | 8140.76 | 5046.43 | 795.68 | 273.81 | 338.13 | 1986.33 | — | — | — | — |
| P/FCF | 9999.00 | 14787.70 | — | 1232.51 | 18470.08 | 3696.07 | — | — | — | — |
| P/OCF | 9999.00 | 11034.48 | 4089.49 | 1082.25 | 3539.68 | 3288.07 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 53.96 | 33.78 | 47.09 | 50.02 | 235.47 | — | — | — | — |
| EV / EBITDA | — | — | — | — | 1363.34 | 3504.61 | — | — | — | — |
| EV / EBIT | — | — | — | — | 2477.83 | 4205.67 | — | — | — | — |
| EV / FCF | — | 14801.43 | — | 1235.21 | 18510.72 | 3696.64 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 43.2% | 43.2% | 41.2% | 41.7% | 43.5% | 47.1% | 44.4% | 43.6% | 44.5% | 47.4% |
| Operating Margin | -4.5% | -4.5% | -16.6% | -5.7% | 2.0% | 5.9% | -1.9% | 4.0% | 6.3% | 14.6% |
| Net Profit Margin | -4.7% | -4.7% | -17.5% | -5.4% | 0.8% | 0.5% | -7.8% | -0.1% | 0.3% | 6.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -162.8% | -162.8% | -148.8% | -30.7% | 6.8% | 45.6% | — | — | — | — |
| ROA | -13.5% | -13.5% | -42.9% | -12.2% | 2.7% | 1.9% | -17.9% | -0.4% | 1.0% | 16.1% |
| ROIC | -29.0% | -29.0% | -53.9% | -14.4% | 7.7% | 27.3% | -5.5% | 17.1% | 20.8% | 38.1% |
| ROCE | -52.4% | -52.4% | -86.3% | -19.5% | 9.2% | 33.2% | -7.6% | 23.6% | 28.4% | 52.9% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 5.57 | 5.57 | 2.94 | 0.64 | 0.90 | 0.56 | — | — | — | — |
| Debt / EBITDA | — | — | — | — | 3.63 | 0.99 | — | 6.16 | 5.58 | 3.49 |
| Net Debt / Equity | — | 4.69 | 2.61 | 0.60 | 0.74 | 0.31 | — | — | — | — |
| Net Debt / EBITDA | — | — | — | — | 2.99 | 0.54 | — | 5.83 | 5.22 | 3.33 |
| Debt / FCF | — | 13.73 | — | 2.70 | 40.64 | 0.57 | 26.89 | 13.40 | 14.10 | 13.65 |
| Interest Coverage | -4.49 | -4.49 | -40.66 | -11.16 | 8.05 | 1.65 | -0.28 | 0.98 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.58 | 0.58 | 0.69 | 0.85 | 1.45 | 1.14 | 1.04 | 0.92 | 1.16 | 1.16 |
| Quick Ratio | 0.15 | 0.15 | 0.23 | 0.28 | 0.54 | 0.62 | 0.60 | 0.34 | 0.49 | 0.50 |
| Cash Ratio | 0.04 | 0.04 | 0.06 | 0.04 | 0.21 | 0.26 | 0.38 | 0.11 | 0.21 | 0.20 |
| Asset Turnover | — | 3.16 | 2.92 | 2.38 | 2.63 | 3.30 | 2.37 | 3.34 | 2.87 | 2.51 |
| Inventory Turnover | 4.94 | 4.94 | 5.45 | 5.83 | 5.75 | 8.97 | 7.69 | 7.09 | 6.78 | 6.43 |
| Days Sales Outstanding | — | 3.54 | 7.32 | 6.22 | 6.63 | 6.22 | 9.65 | 6.31 | 2.80 | 2.15 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | 410.4% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 0.0% | — | — | — | — | — |
| FCF Yield | 0.0% | 0.0% | — | 0.1% | 0.0% | 0.0% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — | — |
| Shares Outstanding | — | $2.8B | $622M | $598M | $583M | $576M | $589M | $262M | $275M | $309M |
Liquidity and solvency pressure
According to recent market data, LVLU's P/S ratio of 78.35 and negative P/E of -1.59 suggest that traditional valuation metrics are currently distorted by the company's inability to generate consistent earnings or maintain a stable revenue base in the face of persistent operational headwinds.
The extreme valuation multiples indicate that the market is struggling to assign a terminal value to a business model currently characterized by negative margins and declining top-line growth. Investors should monitor whether these elevated ratios represent a deep discount to intrinsic value or a rational pricing of the company's high-risk liquidity profile.
Based on reported financial statements, LVLU's ROIC has trended into deeply negative territory, reaching -21.0% in 2026Q1, which highlights a fundamental failure to generate adequate returns on the capital deployed within its digital-first, event-driven apparel business model.
The consistent decay in ROIC suggests that the company's investments in inventory and marketing are not yielding the necessary incremental profit to justify the cost of capital. This trend warrants further investigation into whether the current asset base is structurally impaired or if the business model requires a significant pivot to restore capital efficiency.
As reported in recent quarterly filings, LVLU's cash conversion cycle has fluctuated significantly, reaching 79 days in 2026Q1, which reflects the company's ongoing struggle to balance inventory turnover with the high return rates inherent in the formalwear category.
The volatility in the cash conversion cycle suggests that the company's reliance on inventory management to drive liquidity is becoming increasingly inefficient. Investors should monitor the DIO and DPO trends, as any further extension in the time required to convert inventory into cash could exacerbate the firm's already thin liquidity position.
Based on the most recent quarterly data, LVLU's current ratio of 0.61 and quick ratio of 0.25 indicate a severely constrained liquidity position that leaves the company with minimal flexibility to navigate periods of operational stress or unexpected market volatility.
The low cash balance of $2,661,000 relative to the company's scale suggests that the firm is operating with almost no margin for error. This liquidity profile appears vulnerable, and any further deterioration in working capital or revenue could necessitate external financing, which may be dilutive given the current market environment.
The P/S ratio is the most commonly misapplied metric for LVLU, as it obscures the company's high return rates and negative operating margins, which effectively render top-line revenue a poor proxy for the firm's actual ability to generate sustainable cash flow.
Analysts should prioritize unit economics and contribution margins over simple revenue-based multiples when evaluating this business. Relying on P/S ignores the reality that a significant portion of reported revenue may be reversed through returns, making it a misleading indicator of the company's true scale and profitability potential.
Includes 30+ ratios · 9 years · Updated daily
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Quick answers to the most common questions about buying LVLU stock.
Lulu's Fashion Lounge Holdings, Inc.'s current P/E ratio is -1.8x. This places it at the 50th percentile of its historical range.
Lulu's Fashion Lounge Holdings, Inc.'s return on equity (ROE) is -162.8%. The historical average is -58.0%.
Based on historical data, Lulu's Fashion Lounge Holdings, Inc. is trading at a P/E of -1.8x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Lulu's Fashion Lounge Holdings, Inc. has 43.2% gross margin and -4.5% operating margin.