Lulu's Fashion Lounge Holdings, Inc. (LVLU) intrinsic value & 10-year financials

Lulu's Fashion Lounge Holdings, Inc. (LVLU) has a Graham intrinsic value of $8.45 per share. At $15.32 on Oct 17, 2026, the stock trades 81% above that value. Over the last 7 fiscal years revenue shrank 5.2% a year to $282.3M, with an average return on invested capital of -50.4%.

Graham intrinsic value
$8.45
Share price (Oct 17, 2026)
$15.32
Price vs Graham value
81% above
Market cap
$42.9M
Revenue (FY2025)
$282.3M
Revenue growth (7-yr CAGR)
-5.2%
ROIC (10-yr avg)
-50.4%
Free cash flow (FY2025)
$1.0M

LVLU 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $282.3M -$13.7M -$4.90 $1.0M -4.5% -64.3%
FY2024 $315.9M -$55.3M -$1.33 $1.3M -16.6% -93.2%
FY2023 $355.2M -$19.3M -$0.48 $13.5M -5.7% -26.2%
FY2022 $375.6M $2.0M -$3.04 $25.4M 5.9% -114.8%
FY2021 $248.7M -$19.3M -$0.56 $4.2M -1.9% 5.7%
FY2019 $369.6M -$469.0K -$0.01 $9.7M 4.0% -9.4%
FY2018 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Lulu's Fashion Lounge Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Lulu's Fashion Lounge Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -50.4% ROIC.

Lulu's Fashion Lounge Holdings, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Lulu's Fashion Lounge Holdings, Inc. is modeled at -5.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $8.45 per share.

LVLU stock: frequently asked questions

What is the intrinsic value of Lulu's Fashion Lounge Holdings, Inc. (LVLU) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -5.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, LVLU's intrinsic value is about $8.45 per share.

Is LVLU stock undervalued?

At $15.32 (close on Oct 17, 2026), LVLU trades 81% above its Graham value of $8.45. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Lulu's Fashion Lounge Holdings, Inc. generate free cash flow?

Lulu's Fashion Lounge Holdings, Inc. generated $1.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 6 reported years.

What is LVLU's return on invested capital?

Average ROIC over the last 7 fiscal years was -50.4%, and average return on equity was -57.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LVLU data come from?

From Lulu's Fashion Lounge Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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