Ulta Beauty Inc.

ULTA Consumer Cyclical Specialty Retail

Ulta Beauty Inc.’s revenue for fiscal 2026 (year ended January 2026) was $12.4 billion, up 9.71% from fiscal 2025. In the quarter to July 2026, revenue grew 8.87%, EPS grew 13.3%, free cash flow grew 96.5% and total debt rose 17.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for five consecutive years.

592.94 16.30 −2.68%
Market cap
$26.1B
P/E
21.5×
Fwd P/E
16.2×
Dividend yield
—
F-score
6/9
Altman Z
7.15
Beneish M
−2.39
Dividend safety
n/a

Ulta Beauty Inc. (ULTA) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Ulta Beauty Inc. (ULTA) trades at a P/B ratio of 9.6×. Over the past ten years it has ranged from 3.9× (March 2020) to 15.3× (April 2022); the current reading is higher than 58% of that period. That is above the Specialty Retail industry median of 1.9× and above the Consumer Cyclical sector median of 1.6×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2026 10.6× 36.16%
FY2025 7.8× (28.00%)
FY2024 10.9× (19.44%)
FY2023 13.5× 4.44%
FY2022 12.9× 62.29%
FY2021 8.0× (2.38%)
FY2020 8.1× (15.14%)
FY2019 9.6× 24.59%
FY2018 7.7× (29.83%)
FY2017 11.0× 38.32%

Quarterly newest first

Period P/B ratio Change
Jul 2026 8.3× (8.61%)
Apr 2026 9.1× (14.36%)
Jan 2026 10.6× 20.54%
Oct 2025 8.8× (0.67%)
43 more quarters

Against its own ten years

Low 3.9× High 15.3×
Ten-year median 9.0×
Current reading's percentile 54

P/B ratio against peers

Company P/B ratio
GME GameStop Corp. compare 2.0×
DKS DICK'S Sporting Goods, Inc. compare 2.2×
FIVE Five Below, Inc. compare 5.0×
BBY Best Buy Co., Inc. compare 6.1×
CASY Casey's General Stores, Inc. compare 6.2×
TSCO Tractor Supply Company compare 6.6×
ULTA Ulta Beauty Inc. 9.6×
MUSA Murphy USA Inc. compare 12.9×
WSM Williams-Sonoma, Inc. compare 13.8×
Specialty Retail industry median 1.9×
Consumer Cyclical sector median 1.6×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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