ULTA

Nasdaq

Ulta Beauty, Inc.

Consumer Discretionary, Other Specialty Retail

$565.15

close 7 Aug 2026

+13.32%

52-week change

$24.44B

market cap

$443.60

$714.97

52-week range

Expected price

$476.54 – $582.44

Current price

$565.15

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)21.18x

P/S (TTM)1.92x

P/B9.47x

EV/EBITDA (TTM)12.92x

FCF yield (TTM)4.63%

PEG (TTM, GAAP)9.57

Context

P/E, own 5-year average19.76x

P/E, sector median22.78x*

Price at 5-year median P/E$527.06*

Forward — analyst consensus

Forward P/E (FY2027)19.64x*

Forward P/E (FY2028)17.73x

Forward PEG1.83*

Consensus EPS FY2027 (20 analysts)$28.78

EPS growth (FY2027→FY2028)10.73%

Revenue growth (FY2027)7.13%

Street view

Price target (mean)$623.42*

Target upside10.31%

Ratings (buy / hold / sell)19 / 7 / 1

FY2027 EPS revisions, 30d (up / down)2 / 0

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

period to 2 May 2026, filed 2 Jun 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +10.15%10Y CAGR +30.13%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$565.15

Cash & equivalents$166.30M

Total debt$144.90M

Shares outstanding43.25M

Result

DCF price per share$885.68

Current price$565.15

Margin of safety+56.72%

PV of years 1–10$12.62B

PV of terminal value$25.66B

Equity value$38.30B

Market-implied growth+4.39%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.25B	$1.37B	$1.51B	$1.66B	$1.83B	$2.02B	$2.22B	$2.45B	$2.70B	$2.97B	$55.40B
PV	$1.15B	$1.18B	$1.20B	$1.22B	$1.25B	$1.27B	$1.30B	$1.32B	$1.35B	$1.38B	$25.66B

period to 2 May 2026, filed 2 Jun 2026, close 7 Aug 2026