ULTA
Ulta Beauty
PE ratio, current and historical analysis
- Stocks
- Consumer Cyclical
- NASDAQ: ULTA
- PE Ratio
As at Jul 31, 2026, the ULTA stock has a PE ratio of 19.16. This is based on the current EPS of $26.76 and the stock price of $512.83 per share. A decrease of 9% has been seen in the P/E ratio compared to the average of 21.1 of the last 4 quarters.
ULTA PE ratio history
The mean historical PE ratio of Ulta Beauty over the last ten years is 26.49. The current 19.16 PE ratio is 28% below the historical average. Over the past ten years, ULTA's PE ratio was at its highest in the Jan 2021 quarter at 89.67, with a price of $279.76 and an EPS of $3.12. The Aug 2024 quarter recorded the bottom point at 13.63, with a price of $341.01 and an EPS of $25.02.
Ulta Beauty PE ratio by year
Maximum annual increase: 308.71% in 2021
Maximum annual decrease: -77.87% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2026 | 25.17 | 55.37% | $647.36 | $25.72 |
| 2025 | 16.2 | -16.06% | $412.15 | $25.44 |
| 2024 | 19.3 | -7.74% | $505.33 | $26.18 |
| 2023 | 20.92 | 5.44% | $505.67 | $24.17 |
| 2022 | 19.84 | -77.87% | $358.83 | $18.09 |
| 2021 | 89.67 | 308.71% | $279.76 | $3.12 |
| 2020 | 21.94 | -17.18% | $267.91 | $12.21 |
| 2019 | 26.49 | 8.88% | $291.36 | $11 |
| 2018 | 24.33 | -41.29% | $219.47 | $9.02 |
| 2017 | 41.44 | 14.38% | $271.44 | $6.55 |
| 2016 | 36.23 | 9.82% | $181.17 | $5 |
| 2015 | 32.99 | 22% | $131.94 | $4 |
| 2014 | 27.04 | -24.32% | $85.71 | $3.17 |
| 2013 | 35.73 | -9.41% | $97.54 | $2.73 |
| 2012 | 39.44 | 28.85% | $77.31 | $1.96 |
Ulta Beauty PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| May 2026 | 19.88 | -21.02% | $531.95 | $26.76 |
| Jan 2026 | 25.17 | 26.48% | $647.36 | $25.72 |
| Nov 2025 | 19.9 | 2.37% | $519.88 | $26.12 |
| Aug 2025 | 19.44 | 25.91% | $507.73 | $26.12 |
| May 2025 | 15.44 | -4.69% | $395.81 | $25.64 |
| Feb 2025 | 16.2 | 7.64% | $412.15 | $25.44 |
| Nov 2024 | 15.05 | 10.42% | $377.65 | $25.09 |
| Aug 2024 | 13.63 | -11.67% | $341.01 | $25.02 |
| May 2024 | 15.43 | -20.05% | $397.39 | $25.75 |
| Feb 2024 | 19.3 | 25.9% | $505.33 | $26.18 |
| Oct 2023 | 15.33 | -13.73% | $379.87 | $24.78 |
| Jul 2023 | 17.77 | -20.28% | $445.39 | $25.06 |
| Apr 2023 | 22.29 | 6.55% | $551.43 | $24.74 |
| Jan 2023 | 20.92 | 14.88% | $505.67 | $24.17 |
| Oct 2022 | 18.21 | 0.44% | $416.14 | $22.85 |
ULTA Price vs fair value
ULTA average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of ULTA is greater than its 3 and 5-year historical averages, but it is below the 10-year average.
PE comparison
With a P/E of 19.16, ULTA is below the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 20.94, Ulta Beauty's P/E is 9% lower.
ULTA PE vs peers
ULTA's PE ratio is lower than its peer stock CVS, but it is greater than SBH's and RGS's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| RGS Regis Corp | 0.54 | $68.42M |
| SBH Sally Beauty Holdings Inc | 7.96 | $1.43B |
| ULTA Ulta Beauty Inc | 19.16 | $22.05B |
| CVS CVS Health Corp | 45.01 | $133.25B |
Frequently asked questions
What is Ulta Beauty's PE ratio?
ULTA's price to earnings ratio is 19.16 as of Jul 31, 2026.
What is the 3-year average PE ratio for Ulta Beauty (ULTA)?
The average PE ratio for ULTA stock over the past 3 years is 17.71.
What is the 5-year average PE ratio for Ulta Beauty (ULTA)?
The average PE ratio for ULTA stock over the past 5 years is 18.67.
What is the highest PE ratio for ULTA?
In the last ten years, the Jan 2021 quarter recorded the highest quarterly PE ratio at 89.67.
How does the current PE ratio for ULTA compare to its historical average?
ULTA's current price to earnings ratio is 28% below its 10-year historical average.
How is ULTA's PE ratio calculated (Ulta Beauty PE ratio formula)?
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 31, 2026), Ulta Beauty's stock price is $512.83. The earnings per share for the trailing twelve months (TTM) ending May 2026 is $26.76. Therefore, Ulta Beauty's P/E ratio for today is 19.16. PE RATIO(19.16) = STOCK PRICE($512.83) / TTM EPS($26.76)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.