# Ulta Beauty Inc. (ULTA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Consumer Cyclical / Specialty Retail. Price $564.12, market value $24.1 billion.

## Valuation
- **P/E (trailing): 20.5×** (5-yr avg 20.4×, 3-yr avg 20.3×). Ulta Beauty Inc. trades at 20.5× trailing earnings, close to its own five-year average of 20.4×. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 17.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 14.88**. A PEG of 14.88 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 1.9×**. Each dollar of revenue is priced at 1.9×.
- **Price / book: 8.9×**. The shares trade at 8.9× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 12.3×**. Enterprise value is 12.3× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 4.8%** (5-yr avg 4.3%). Free cash flow equals 4.8% of the market value, in line with its five-year average of 4.3%.
- **Earnings yield: 4.9%**. The inverse of the P/E: 4.9% of the price is earned each year.

## Profitability
- **Gross margin: 39.3%**. Ulta Beauty Inc. keeps 39.3% of revenue after the direct cost of what it sells.
- **Operating margin: 12.5%**. 12.5% of revenue is left after running the business.
- **Net margin: 9.3%**. 9.3% of each dollar of sales reaches the bottom line.
- **Return on equity: 41.1%**. 41.1% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on invested capital: 52.2%**. Return on all capital, debt included, is 52.2%: comfortably above what that capital costs.
- **Return on assets: 17.3%**. Each dollar of assets produces 17.3% of profit.

## Growth
- **Revenue growth (1 yr): 9.7%** (3-yr 6.7%/yr, 5-yr 15.0%/yr). Revenue grew 9.7% over the last year, against 15.0% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 1.2%** (3-yr 2.2%/yr, 5-yr 52.5%/yr). Earnings per share rose 1.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -3.0%/yr**. Free cash flow has compounded at -3.0% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.02**. Debt is 0.02 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Ulta Beauty Inc. holds more cash than debt.
- **Altman Z-score: 6.50**. A Z-score of 6.50 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Ulta Beauty Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: buy** (24 analysts). 24 analysts cover Ulta Beauty Inc.; the consensus is buy, with an average price target of $624.50 (+11% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 6.5%** (YTD -6.8%, 3-mo 20.8%). The shares are up 6.5% over twelve months including dividends.
- **From 52-week high: -21.1%** (27.2% above the low). Trading 21% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 63**. An RSI of 63 is neutral.
- **Beta (1 yr): 0.54** (volatility 35%). Beta of 0.54 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ULTA · Page: https://foliofundamentals.com/stocks/ulta

Not investment advice.