ULTA PE Ratio & Valuation,Is ULTA Overvalued

ULTA Relative Valuation

ULTA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, ULTA is overvalued; if below, it's undervalued.

Historical Valuation

Ulta Beauty Inc (ULTA) is now in the Fair zone, suggesting that its current forward PE ratio of 22.16 is considered Fairly compared with the five-year average of 19.43. The fair price of Ulta Beauty Inc (ULTA) is between 463.87 to 619.16 according to relative valuation methord.

Relative Value

Fair Zone

463.87-619.16

Current Price：591.87

Fair

21.80

15.26

EV/EBITDA

Ulta Beauty Inc. (ULTA) has a current EV/EBITDA of 15.26. The 5-year average EV/EBITDA is 13.20. The thresholds are as follows: Strongly Undervalued below 9.63, Undervalued between 9.63 and 11.42, Fairly Valued between 14.99 and 11.42, Overvalued between 14.99 and 16.78, and Strongly Overvalued above 16.78. The current Forward EV/EBITDA of 15.26 falls within the Overvalued range.

18.27

EV/EBIT

Ulta Beauty Inc. (ULTA) has a current EV/EBIT of 18.27. The 5-year average EV/EBIT is 15.96. The thresholds are as follows: Strongly Undervalued below 10.19, Undervalued between 10.19 and 13.08, Fairly Valued between 18.85 and 13.08, Overvalued between 18.85 and 21.73, and Strongly Overvalued above 21.73. The current Forward EV/EBIT of 18.27 falls within the Historic Trend Line -Fairly Valued range.

2.08

Ulta Beauty Inc. (ULTA) has a current PS of 2.08. The 5-year average PS is 2.00. The thresholds are as follows: Strongly Undervalued below 1.38, Undervalued between 1.38 and 1.69, Fairly Valued between 2.30 and 1.69, Overvalued between 2.30 and 2.61, and Strongly Overvalued above 2.61. The current Forward PS of 2.08 falls within the Historic Trend Line -Fairly Valued range.

14.75

P/OCF

Ulta Beauty Inc. (ULTA) has a current P/OCF of 14.75. The 5-year average P/OCF is 14.99. The thresholds are as follows: Strongly Undervalued below 9.71, Undervalued between 9.71 and 12.35, Fairly Valued between 17.62 and 12.35, Overvalued between 17.62 and 20.26, and Strongly Overvalued above 20.26. The current Forward P/OCF of 14.75 falls within the Historic Trend Line -Fairly Valued range.

26.97

P/FCF

Ulta Beauty Inc. (ULTA) has a current P/FCF of 26.97. The 5-year average P/FCF is 21.93. The thresholds are as follows: Strongly Undervalued below 14.25, Undervalued between 14.25 and 18.09, Fairly Valued between 25.77 and 18.09, Overvalued between 25.77 and 29.61, and Strongly Overvalued above 29.61. The current Forward P/FCF of 26.97 falls within the Overvalued range.

Ulta Beauty Inc (ULTA) has a current Price-to-Book (P/B) ratio of 10.17. Compared to its 3-year average P/B ratio of 9.63 , the current P/B ratio is approximately 5.56% higher. Relative to its 5-year average P/B ratio of 10.15, the current P/B ratio is about 0.20% higher. Ulta Beauty Inc (ULTA) has a Forward Free Cash Flow (FCF) yield of approximately 3.90%. Compared to its 3-year average FCF yield of 4.73%, the current FCF yield is approximately -17.41% lower. Relative to its 5-year average FCF yield of 4.64% , the current FCF yield is about -15.88% lower.

10.00

P/B

Median3y

9.63

Median5y

10.15

3.90

FCF Yield

Median3y

4.73

Median5y

4.64

Competitors Valuation Multiple

The average P/S ratio for ULTA's competitors is , providing a benchmark for relative valuation. Ulta Beauty Inc Corp (ULTA) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of 12.95%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of ULTA increased by 35.93% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 16.30 to 22.59.

The secondary factor is the Revenue Growth, contributed 12.95%to the performance.

Overall, the performance of ULTA in the past 1 year is driven by P/E Change. Which is more unsustainable.

12.95%

2.53B → 2.86B

Revenue Growth

-15.57%

9.57 → 8.08

Margin Expansion

38.55%

16.30 → 22.59

P/E Change

35.93%

434.93 → 591.20

Mkt Cap Growth

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Frequently Asked Questions

Is Ulta Beauty Inc (ULTA) currently overvalued or undervalued?

What is Ulta Beauty Inc (ULTA) fair value?

ULTA's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Ulta Beauty Inc (ULTA) is between 463.87 to 619.16 according to relative valuation methord.

How does ULTA's valuation metrics compare to the industry average?

What is the current P/B ratio for Ulta Beauty Inc (ULTA) as of Dec 16 2025?

As of Dec 16 2025, Ulta Beauty Inc (ULTA) has a P/B ratio of 10.17. This indicates that the market values ULTA at 10.17 times its book value.

What is the current FCF Yield for Ulta Beauty Inc (ULTA) as of Dec 16 2025?

As of Dec 16 2025, Ulta Beauty Inc (ULTA) has a FCF Yield of 3.90%. This means that for every dollar of Ulta Beauty Inc’s market capitalization, the company generates 3.90 cents in free cash flow.

What is the current Forward P/E ratio for Ulta Beauty Inc (ULTA) as of Dec 16 2025?

As of Dec 16 2025, Ulta Beauty Inc (ULTA) has a Forward P/E ratio of 22.16. This means the market is willing to pay $22.16 for every dollar of Ulta Beauty Inc’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Ulta Beauty Inc (ULTA) as of Dec 16 2025?

As of Dec 16 2025, Ulta Beauty Inc (ULTA) has a Forward P/S ratio of 2.08. This means the market is valuing ULTA at $2.08 for every dollar of expected revenue over the next 12 months.

ULTA Valuation