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Ulta Beauty, Inc. (ULTA)

Retail-Retail Stores, NEC

Latest Price
$648.28
TTM P/E
23.62
Normalized P/E
25.51
TTM Div Yield
--
Fwd Div Yield
--
Book Value
61.83
P/B Ratio
10.48

Valuation metrics

adjust assumptions →
EPS: $25.64
Book value / share: $63.48
Formula: √(22.5 × EPS × BVPS)
Graham Number
$191.36
69% downside
Norm. op. income: $1.3B (median of 7yr)
Tax rate: 24%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$233.28
62% downside
Base FCF: $1.0B (median of recent 5yr)
Growth: 14%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$782.01
+26% upside
EPS: $25.64
Target P/E: 25×
Formula: EPS × P/E
P/E Fair Value
$641.00
+4% upside

Institutional Ownership

100.0% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
BlackRock, Inc.4.03M$1.81B9.41%-39.7K2026-06-30
Vanguard Capital Management LLC2.85M$1.28B6.65%-38.8K2026-06-30
Sanders Capital, LLC2.46M$1.11B5.75%+552.8K2026-06-30
State Street Corp2.02M$913.0M4.73%+22.0K2026-06-30
Vanguard Portfolio Management LLC1.94M$875.0M4.54%-17.6K2026-06-30
Price T Rowe Associates Inc1.53M$689.0M3.57%+544.7K2026-06-30
Geode Capital Management, LLC1.23M$555.0M2.88%-38.3K2026-06-30
Morgan Stanley1.04M$469.0M2.43%-78.4K2026-06-30
T. Rowe Price Investment Management, Inc.871.8K$393.0M2.04%-98.6K2026-06-30
Franklin Resources Inc848.9K$382.0M1.98%+220.3K2026-06-30
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