Ulta BeautyFRA:34U -1.37%96 Current Ratio is 1.31 as of Apr. 2026, which is 26% below its 10-year median of 1.76. GuruFocus rates FRA:34U with a GF Score™ of 96/100 and a GF Value™ of €477.96 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,132 Retail - Cyclical companies, Ulta Beauty ranks worse than 61.75% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Ulta Beauty's current ratio for the quarter that ended in Apr. 2026 was 1.31.
Ulta Beauty has a current ratio of 1.31. It generally indicates good short-term financial strength.
The historical rank and industry rank for Ulta Beauty's Current Ratio or its related term are showing as below:
FRA:34U'
s Current Ratio Range Over the Past 10 Years
Min: 1.31 Med: 1.76 Max: 2.9
Current: 1.31
During the past 13 years, Ulta Beauty's highest Current Ratio was 2.90. The lowest was 1.31. And the median was 1.76.
FRA:34U's Current Ratio is ranked worse than 61.75% of 1132
companies
in the Retail - Cyclical industry
Industry Median: 1.58
vs FRA:34U: 1.31
Ulta Beauty (FRA:34U) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Ulta Beauty Current Ratio Related Terms
Ulta Beauty Current Ratio Historical Data
* Premium members only.
The historical data trend for Ulta Beauty's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:34U vs WSM, DKS, TSCO: Current Ratio Comparison
For the Specialty Retail subindustry, Ulta Beauty's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ulta Beauty Current Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's Current Ratio distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ulta Beauty (FRA:34U) has a Current Ratio of 1.31 as of Apr. 2026. This is 26% below median its historical median of 1.76. Over the past decade, Ulta Beauty's Current Ratio has ranged from 1.31 to 2.90. According to the industry distribution chart, Ulta Beauty ranks #699 out of 1132 companies in the Retail - Cyclical industry, placing it in the top 61.7%.
Is Ulta Beauty's Current Ratio too high?
Ulta Beauty's current Current Ratio of 1.31 is 26% below median its 10-year median of 1.76. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 2.90. The Retail - Cyclical industry median Current Ratio is 1.58. Ulta Beauty's value of 1.31 is 17.1% below this industry median. Based on the distribution chart, Ulta Beauty ranks #699 out of 1132 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Ulta Beauty has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ulta Beauty's Current Ratio compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #699 out of 1132 companies for Current Ratio. This places Ulta Beauty in the lower half of its industry. The industry median Current Ratio is 1.58. Ulta Beauty's value of 1.31 is 17.1% below this benchmark. Historically, Ulta Beauty's own Current Ratio has ranged from 1.31 to 2.90 over the past decade. While the company's 10-year median is 1.76 vs. the industry median of 1.58, Ulta Beauty has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for a Retail - Cyclical company?
The median Current Ratio among Retail - Cyclical companies is 1.58, based on 1,132 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current Current Ratio of 1.31 is 17.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median Current Ratio is 1.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current Current Ratio is 1.31, which is 26% below median its own 10-year median of 1.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ulta Beauty stock overvalued right now?
Based on GuruFocus' analysis, Ulta Beauty (FRA:34U) is currently considered Modestly Undervalued. The stock's GF Value™ is €477.96, compared to a current price of €418.60 — trading 12.4% below its estimated fair value. The current Current Ratio is 1.31, which is 26% below median its 10-year median of 1.76 and 17.1% below the Retail - Cyclical industry median of 1.58. Ulta Beauty's overall GF Score™ is 96/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Ulta Beauty (FRA:34U), the current Current Ratio is 1.31 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ulta Beauty (FRA:34U) Overvalued in 2026?
Based on GuruFocus' analysis, Ulta Beauty stock appears to be undervalued.
The current stock price of €418.60 is trading 12.4% below its estimated GF Value™ of €477.96.
GuruFocus considers Ulta Beauty to be Modestly Undervalued.
Key valuation signals for FRA:34U:
Current Ratio: 1.31 (26% below median its 10-year median of 1.76)
GF Value™: €477.96 vs. price of €418.60 (12.4% below fair value)
Industry Position: 17.1% below the Retail - Cyclical median (#699 of 1132)
No single metric tells the full story. See the FRA:34U stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ulta Beauty is the largest specialized beauty retailer in the US with more than 1,500 freestanding stores. The firm offers cosmetics (38% of 2025 sales), fragrances (13%), skin care (24%), and hair care products (19%). It also has salon services, including hair, makeup, skin, and brow, that account for 4% of its revenue and drive customer traffic. Outside of the US, Ulta operates premium beauty retailer Space NK (86 stores at year-end 2025 in the UK and Ireland) and has franchised stores in Mexico, and a joint venture in the Middle East. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
96GF Score
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