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Ulta Salon Cosmetics & Fragrances Inc (NAS:ULTA)
Shiller P/E Ratio
63.33 (As of Today)

As of today, Ulta Salon Cosmetics & Fragrances Inc's current share price is $157.70. Ulta Salon Cosmetics & Fragrances Inc's E10 for the quarter that ended in Apr. 2015 was $2.49. Ulta Salon Cosmetics & Fragrances Inc's Shiller P/E Ratio for today is 63.33.

ULTA' s 10-Year Shiller P/E Ratio Range
Min: 45.22   Max: 121.49
Current: 59.26

45.22
121.49

During the past 13 years, Ulta Salon Cosmetics & Fragrances Inc's highest Shiller P/E Ratio was 121.49. The lowest was 45.22. And the median was 77.07.

ULTA's Shiller P/E Ratiois ranked lower than
91% of the 475 Companies
in the Global Specialty Retail industry.

( Industry Median: 20.36 vs. ULTA: 59.26 )

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Ulta Salon Cosmetics & Fragrances Inc's adjusted earnings per share data for the three months ended in Apr. 2015 was $1.049. Since most companies do not have as long as 10 years history, here we use 6 years to calculate. Add all the adjusted EPS for the past 6 years together and divide 6 will get our E10, which is $2.49 for the trailing six years ended in Apr. 2015.


Definition

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Ulta Salon Cosmetics & Fragrances Inc's Shiller P/E Ratio for today is calculated as

Shiller P/E Ratio=Share Price/E10
=157.70/2.49
=63.33

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Ulta Salon Cosmetics & Fragrances Inc's E10 for the fiscal year that ended in Jan15 is calculated as:

For example, Ulta Salon Cosmetics & Fragrances Inc's adjusted earnings per share data for the three months ended in Apr. 2015 was:

Adj_EPS=Earnigns per Share/CPI of Apr. 2015*CPI of Current
=1.04/236.599*238.666
=1.049

Since most companies do not have as long as 10 years history, GuruFocus uses 6 years to do the calculation.

Current CPI = 238.666.

Ulta Salon Cosmetics & Fragrances Inc Quarterly Data

201304201307201310201401201404201407201410201501201504201507
per share eps 0.6500.7000.7001.0950.7700.9400.9101.3501.0400.000
CPI 232.531233.596233.546233.916237.072238.250237.433233.707236.599238.654
Adj_EPS 0.6670.7150.7151.1170.7750.9420.9151.3791.0490.000
201010201101201104201107201110201201201204201207201210201301
per share eps 0.2300.4780.3700.3800.4200.7250.5400.5400.5900.997
CPI 218.711220.223224.906225.922226.421226.665230.085229.104231.317230.280
Adj_EPS 0.2510.5180.3930.4010.4430.7630.5600.5630.6091.033
200910201001201004201007
per share eps 0.1400.3390.2300.220
CPI 216.177216.687218.009218.011
Adj_EPS 0.1550.3730.2520.241

Add all the adjusted EPS together and divide 6 will get our E10.


Explanation

Compared with the regular P/E ratio, which works poorly for cyclical businesses, the Shiller P/E smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller P/E should give similar results to regular P/E.

Compared with the P/S ratio, the Shiller P/E makes the comparison between different industries more meaningful.


Be Aware

The Shiller P/E assumes that over the long term, businesses and profitability revert to their means. If a company’s business model does not work in the future compared with the past, the Shiller P/E and P/S ratio will give false valuations.


Related Terms

P/E Ratio, P/B Ratio, P/S Ratio, Price-to-Free-Cash-Flow ratio, E10


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Ulta Salon Cosmetics & Fragrances Inc Annual Data

Jan06Jan07Jan08Jan09Jan10Jan11Jan12Jan13Jan14Jan15
ShillerPE 0.000.000.000.000.0075.3898.7383.8750.2357.77

Ulta Salon Cosmetics & Fragrances Inc Quarterly Data

Apr13Jul13Oct13Jan14Apr14Jul14Oct14Jan15Apr15Jul15
ShillerPE 68.8570.5483.8050.2347.7046.1057.0357.7760.730.00
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