Under Armour Inc (UA), NIKE, Inc. (NKE): A Troubling New Trend at Lululemon Athletica inc. (LULU)?

But, really, that’s not astronomically higher than the much slower-growing — albeit much more stable — NIKE, Inc. (NYSE:NKE) shares, which currently sit at 25.1 times last year’s earnings and 19.7 times next year’s estimates.

In the meantime, Under Armour Inc (NYSE:UA)’s recent winning streak has pushed its own stock to all-time highs with trailing and forward P/E ratios of 64.7 and 43.8, respectively. And while I’m not complaining as a longtime Under Armour Inc (NYSE:UA) shareholder myself, Lululemon’s high-ish valuation suddenly looks all that much more compelling.

As a result, when Lululemon’s current troubles eventually abate and net earnings resume their upward climb, I’m still convinced patient, long-term Lululemon shareholders stand to be handsomely rewarded over the long run.

The article A Troubling New Trend at Lululemon? originally appeared on Fool.com and is written by Steve Symington.

Fool contributor Steve Symington owns shares of Under Armour. The Motley Fool recommends Lululemon Athletica. It recommends and owns shares of Nike and Under Armour.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.