Lululemon Athletica Inc.

LULU ·Consumer Cyclical, Apparel Manufacturing, British Columbia, Canada

Net Asset Value

Mainly for REITs, real estate and resource companies.

Total Assets ($M) Goodwill ($M) Intangible Assets ($M) Total Liabilities ($M) Diluted Shares (M) Market Price ($)

NAV / Share —

Market Price —

From NAV % —

Formula: NAV / Share = (Total Assets − Goodwill − Intangible Assets − Total Liabilities) ÷ Diluted Shares

In the short run, the market is a voting machine but in the long run, it is a weighing machine.