US · USD
ULTA
Ulta Beauty Inc
- Day's range
- $541.63 – $549.14
- Day's volume
- $165.9M
- 52-week range
- $450.75 – $706.82
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Create a free accountULTA in numbers
- Market cap
- $23.2B
- P/E
- 19.19
- P/B
- 8.78
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- 0.07
ULTA trades at 19.19 times its earnings of the last 12 months.
ULTA price history
ULTA risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +0.72% | +27.40% | +41.35% |
| Volatility (annualized) | 35.71% | 33.11% | 31.95% |
| Largest drawdown | -34.14% | -35.68% | -36.01% |
| Positive months | 7/12 | 19/36 | 34/60 |
How much did investing in ULTA return?
$1,000.00 invested on 11/01/2021 would be worth $1,413.52 today.
- Value today in ULTA
- $1,413.52
- Return over the period
- +41.35%
- Return per year
- +7.28%
- In the S&P 500
- $1,702.20
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
ULTA fundamentals
Valuation
- P/E19.19
- P/B8.78
- EV/EBITDA12.06
- EV/EBIT14.45
- EV/Revenue1.80
- P/EBIT14.38
- P/S1.79
- P/OCF14.80
- P/FCF20.19
- Earnings yield6.92%
- PEG ratio—
- Earnings per share$28.29
- Book value per share$61.83
Debt
- Net debt$126.1M
- Net debt/EBITDA0.07
- Net debt/Equity0.05
- Debt/Equity0.13
- Current ratio1.35
- Quick ratio—
- Cash ratio0.09
Efficiency
- Gross margin39.32%
- EBITDA margin14.93%
- Operating margin12.46%
- Net margin9.34%
- Asset turnover1.86
Profitability
- ROE45.75%
- ROA17.37%
- ROIC44.18%
- Payout0.00%
Growth
- Revenue CAGR (5 years)11.09%
- Earnings CAGR (5 years)10.70%
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is ULTA's fair price?
Two classic value formulas, with today's numbers. The current price is $542.72.
- Graham's fair price
- $198.38
- 63.45% below the price
√(22.50 × $28.29 × $61.83)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to ULTA: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
ULTA's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| P/E | — | 22.03 | 15.26 | 19.04 | 23.88 | 122.71 | 22.86 | 21.64 |
| P/B | — | 10.63 | 8.65 | 12.07 | 15.34 | 10.79 | 8.49 | 7.83 |
| EV/EBITDA | — | 14.44 | 10.25 | 12.58 | 15.04 | 40.36 | 13.49 | 12.57 |
| Earnings per share | — | $27.46 | $28.49 | $25.73 | $19.64 | $3.36 | $12.56 | $11.70 |
| Book value per share | — | $56.89 | $50.31 | $40.60 | $30.59 | $38.21 | $33.84 | $32.33 |
| ROE | 41.13% | 48.26% | 56.64% | 63.37% | 64.22% | 8.79% | 37.11% | 36.18% |
| ROIC | 48.86% | 47.81% | 56.05% | 63.20% | 64.29% | 9.01% | 36.91% | 35.97% |
| Gross margin | 39.10% | 38.84% | 39.09% | 39.62% | 39.03% | 31.68% | 36.24% | 35.87% |
| EBITDA margin | 14.80% | 16.22% | 17.15% | 18.42% | 18.14% | 8.69% | 16.18% | 16.88% |
| Net margin | 9.30% | 10.63% | 11.52% | 12.17% | 11.42% | 2.86% | 9.54% | 9.80% |
| Net debt/EBITDA | -0.24 | — | — | — | — | — | — | — |
ULTA's financial statements
| Line | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Net revenue | $12.4B | $11.3B | $11.2B | $10.2B | $8.6B | $6.2B |
| Cost of revenue | -$7.5B | -$6.9B | -$6.8B | -$6.2B | -$5.3B | -$4.2B |
| Gross profit | $4.8B | $4.4B | $4.4B | $4B | $3.4B | $1.9B |
| EBITDA | $1.8B | $1.8B | $1.9B | $1.9B | $1.6B | $534.6M |
| EBIT | $1.5B | $1.6B | $1.7B | $1.6B | $1.3B | $236.8M |
| Financial result | — | — | — | — | — | — |
| Income before tax | $1.5B | $1.6B | $1.7B | $1.6B | $1.3B | $231.1M |
| Income tax | -$373.9M | -$378.9M | -$404.6M | -$401.1M | -$310M | -$55.3M |
| Net income | $1.2B | $1.2B | $1.3B | $1.2B | $986M | $175.8M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does ULTA pay dividends?
ULTA has no distributions on record.
About Ulta Beauty
- Sector
- Retail
Questions about ULTA
How much is ULTA today?
ULTA is at $542.72 (-0.18% on the day), last traded on 10/05/2026.
What are the P/E and P/B of ULTA?
ULTA trades at a P/E of 19.19 and a P/B of 8.78.
How much did ULTA return in 12 months?
ULTA returned 0.72% in 12 months, with annualized volatility of 35.71% and a largest drawdown of -34.14%.