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Ulta Beauty, Inc. ULTA NASDAQ

NASDAQ Global Select • Consumer Cyclical • Specialty Retail • US • USD

SharesGrow Score
65/100
3/7 Pass
SharesGrow Intrinsic Value
$769.52
+44.4%
Analyst Price Target
$715.07
+34.1%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Ulta Beauty, Inc. (ULTA) trades at a trailing P/E of 21.0, forward P/E of 20.8. Trailing earnings yield is 4.77%, forward earnings yield 4.82%. PEG 17.46. Graham Number is $190.22.

Criteria proven by this page:

  • VALUE (71/100, Pass) — P/E is below market average (21.0); analyst target implies upside (+34.1%); earnings yield beats bond yields (4.77%).
  • Forward P/E 20.8 (down from trailing 21.0) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 17.46 — above 2.0 suggests expensive relative to earnings growth.
  • Trailing Earnings Yield 4.77% — roughly competitive with bond yields (~4.3%), moderate risk-reward. Forward yield improves to 4.82% as earnings recover.
  • Analyst consensus target $715.07 (+34.1% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 65/100 with 3/7 criteria passed.

SharesGrow 7-Criteria Score
65/100
SG Score
View full scorecard →
VALUE
71/100
Price-to-Earnings & upside
Proven by this page
FUTURE
64/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
~
HEALTH
67/100
Debt-to-Equity & liquidity
→ Health
~
MOAT
66/100
→ Income
~
GROWTH
40/100
→ Income
~
INCOME
45/100
→ Income

Valuation Snapshot — ULTA

Valuation Multiples
P/E (TTM)21.0
Forward P/E20.8
PEG Ratio17.46
Forward PEG103.75
P/B Ratio8.62
P/S Ratio1.93
EV/EBITDA13.9
Per Share Data
EPS (TTM)$25.72
Forward EPS (Est.)$25.69
Book Value / Share$62.52
Revenue / Share$276.37
FCF / Share$21.98
Yields & Fair Value
Earnings Yield4.77%
Forward Earnings Yield4.82%
Dividend Yield0.00%
Graham Number$190.22
SharesGrow IV$769.52 (+44.4%)
Analyst Target$715.07 (+34.1%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2017 41.5 1.34 10.98 3.51 -
2018 24.6 0.65 7.71 2.32 -
2019 26.5 1.21 9.60 2.60 -
2020 22.0 2.00 8.15 2.09 -
2021 90.4 -1.21 7.95 2.59 -
2022 20.1 0.04 12.91 2.30 -
2023 21.3 0.63 13.48 2.59 -
2024 19.2 2.31 10.86 2.21 -
2025 16.2 -5.73 7.82 1.72 -
2026 25.2 22.87 10.35 2.34 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $6.52 $4.85B $409.76M 8.4%
2017 $8.96 $5.88B $555.23M 9.4%
2018 $10.94 $6.72B $658.56M 9.8%
2019 $12.15 $7.4B $705.95M 9.5%
2020 $3.11 $6.15B $175.84M 2.9%
2021 $17.98 $8.63B $985.84M 11.4%
2022 $24.01 $10.21B $1.24B 12.2%
2023 $26.03 $11.21B $1.29B 11.5%
2024 $25.34 $11.3B $1.2B 10.6%
2025 $25.64 $12.39B $1.15B 9.3%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $25.69 $25.36 – $26.65 $12.33B $12.17B – $12.41B 18
2027 $28.57 $27.60 – $29.27 $13.22B $13.16B – $13.3B 18
2028 $31.63 $31.00 – $33.95 $13.96B $13.52B – $14.17B 17
2029 $34.60 $32.17 – $35.82 $14.68B $14.67B – $14.68B 7
2030 $36.83 $36.08 – $37.43 $15.09B $14.86B – $15.28B 4
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