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As of the most recent data point on 2025-11-02 (Q3'26), LULU's EV/EBITDA ratio stands at 7.288, marking a significant decline from earlier quarters. This latest figure reflects a continued downward trend in valuation multiples over the covered period. From Q4'23 to Q3'26, the EV/EBITDA ratio for LULU has decreased sharply, falling from 24.015 to 7.288. The most notable drop occurred between Q4'24 and Q2'25, where the ratio fell from 22.327 to 11.254, indicating a rapid compression in valuation. After a brief uptick in Q3'25, the ratio resumed its decline, reaching its lowest point in the observed timeframe, which suggests a substantial shift in market sentiment or company fundamentals over these quarters.