ULTA currently shows a PEG ratio reading of 3.68 as of Sep 11, 2026. This result reflects a P/E ratio of 19.86 measured against EPS growth of 5.4%. When benchmarked against the trailing 4-quarter average of 8.93, ULTA's PEG ratio reflects a 59% decrease.
A ten years lookback reveals an average PEG ratio of 2.51 for Ulta Beauty. Compared to historical data, ULTA's 3.68 PEG ratio represents an increase of 47%. ULTA hit its maximum PEG ratio of 22.88 during the Jan 2026 quarter over the last ten years. The Jan 2022 quarter marked the lowest reading at 0.04, indicating the most attractive growth-adjusted valuation.
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| 2026 | 22.88 | 25.17 | 1.1% |
| 2025 | N/A | 16.2 | -2.8% |
| 2024 | 2.33 | 19.3 | 8.3% |
| 2023 | 0.62 | 20.92 | 33.6% |
| 2022 | 0.04 | 19.84 | 479.8% |
| 2021 | N/A | 89.67 | -74.4% |
| 2020 | 1.99 | 21.94 | 11% |
| 2019 | 1.2 | 26.49 | 22% |
| 2018 | 0.65 | 24.33 | 37.7% |
| 2017 | 1.34 | 41.44 | 31% |
| 2016 | 1.45 | 36.23 | 25% |
| 2015 | 1.26 | 32.99 | 26.2% |
| 2014 | 1.68 | 27.04 | 16.1% |
| 2013 | 0.91 | 35.73 | 39.3% |
| 2012 | 0.62 | 39.44 | 63.3% |
| Year | PEG ratio | PE ratio | Growth YoY |
|---|---|---|---|
| Aug 2026 | 3.45 | 18.63 | 5.4% |
| May 2026 | 4.52 | 19.88 | 4.4% |
| Jan 2026 | 22.88 | 25.17 | 1.1% |
| Nov 2025 | 4.85 | 19.9 | 4.1% |
| Aug 2025 | 4.42 | 19.44 | 4.4% |
| May 2025 | N/A | 15.44 | -0.4% |
| Feb 2025 | N/A | 16.2 | -2.8% |
| Nov 2024 | 11.58 | 15.05 | 1.3% |
| Aug 2024 | N/A | 13.63 | -0.2% |
| May 2024 | 3.76 | 15.43 | 4.1% |
| Feb 2024 | 2.33 | 19.3 | 8.3% |
| Oct 2023 | 1.83 | 15.33 | 8.4% |
| Jul 2023 | 1.06 | 17.77 | 16.8% |
| Apr 2023 | 1.02 | 22.29 | 21.8% |
| Jan 2023 | 0.62 | 20.92 | 33.6% |
When comparing to historical data, ULTA's PEG ratio is above the 10-year average, yet it comes in under the 3 and 5-year averages.
With a PEG of 3.68, ULTA ranks higher than the Consumer Cyclical sector and the industry average.
Among its peer stock SBH, ULTA's PEG ratio runs higher.
According to Sep 11, 2026 figures, ULTA's PEG ratio stands at 3.68.
ULTA's 3-year PEG ratio average comes in at 6.62.
ULTA's 5-year PEG ratio average comes in at 3.72.
ULTA's PEG ratio topped out at 22.88 during the Jan 2026 quarter - the highest in ten years.
At present, ULTA's PEG ratio runs 47% higher than its 10-year historical average.
Slow earnings growth combined with a rich valuation drives ULTA's PEG ratio to 3.68.
Computing the PEG ratio involves dividing the PE ratio by the company's EPS growth rate (YoY TTM). As of Sep 11, 2026, Ulta Beauty carries a PE ratio of 19.86. Earnings grew at 5.4% over the TTM period ending Aug 2026. Applying the formula, this yields a PEG ratio of 3.68. PEG RATIO(3.68) = PE RATIO(19.86) / EPS GROWTH(5.4%)
All PEG ratio stats are based on quarterly TTM periods, unless otherwise specified.