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Ulta Beauty (BSP:U1LT34) Cyclically Adjusted Book per Share : R$11.10 (As of Apr. 2025)


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What is Ulta Beauty Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Ulta Beauty's adjusted book value per share for the three months ended in Apr. 2025 was R$15.622. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$11.10 for the trailing ten years ended in Apr. 2025.

During the past 12 months, Ulta Beauty's average Cyclically Adjusted Book Growth Rate was 9.80% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 12.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.90% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 17.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ulta Beauty was 22.10% per year. The lowest was 12.10% per year. And the median was 17.05% per year.

As of today (2025-06-02), Ulta Beauty's current stock price is R$133.90. Ulta Beauty's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2025 was R$11.10. Ulta Beauty's Cyclically Adjusted PB Ratio of today is 12.06.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ulta Beauty was 26.17. The lowest was 7.27. And the median was 14.72.


Ulta Beauty Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ulta Beauty's Cyclically Adjusted Book per Share 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.

* Premium members only.

Ulta Beauty Cyclically Adjusted Book per Share Chart

Ulta Beauty Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.57 7.30 7.96 8.40 11.17

Ulta Beauty Quarterly Data
Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.62 10.57 10.90 11.17 11.10

Competitive Comparison of Ulta Beauty's Cyclically Adjusted Book per Share

For the Specialty Retail subindustry, Ulta Beauty's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ulta Beauty's Cyclically Adjusted PB Ratio falls into.


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Ulta Beauty Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Ulta Beauty's adjusted Book Value per Share data for the three months ended in Apr. 2025 was:

Adj_Book= Book Value per Share /CPI of Apr. 2025 (Change)*Current CPI (Apr. 2025)
=15.622/135.3468*135.3468
=15.622

Current CPI (Apr. 2025) = 135.3468.

Ulta Beauty Quarterly Data

Book Value per Share CPI Adj_Book
201507 3.389 100.691 4.555
201510 4.176 100.346 5.633
201601 4.605 99.957 6.235
201604 3.755 100.947 5.035
201607 3.656 101.524 4.874
201610 3.711 101.988 4.925
201701 3.980 102.456 5.258
201704 4.151 103.167 5.446
201707 4.244 103.278 5.562
201710 4.223 104.070 5.492
201801 4.684 104.578 6.062
201804 5.036 105.708 6.448
201807 5.785 106.324 7.364
201810 5.806 106.695 7.365
201901 5.803 106.200 7.396
201904 6.458 107.818 8.107
201907 6.011 108.250 7.516
201910 6.582 108.577 8.205
202001 6.974 108.841 8.672
202004 8.281 108.173 10.361
202007 8.290 109.318 10.264
202010 9.259 109.861 11.407
202101 9.538 110.364 11.697
202104 9.323 112.673 11.199
202107 8.910 115.183 10.470
202110 10.162 116.696 11.786
202201 8.116 118.619 9.261
202204 7.975 121.978 8.849
202207 9.250 125.002 10.016
202210 9.892 125.734 10.648
202301 10.102 126.223 10.832
202304 10.148 127.992 10.731
202307 9.982 128.974 10.475
202310 10.539 129.810 10.989
202401 11.599 130.124 12.065
202404 12.334 132.289 12.619
202407 13.761 132.708 14.035
202410 14.073 133.182 14.302
202501 16.270 134.029 16.430
202504 15.622 135.347 15.622

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Ulta Beauty  (BSP:U1LT34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ulta Beauty's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=133.90/11.10
=12.06

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ulta Beauty was 26.17. The lowest was 7.27. And the median was 14.72.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ulta Beauty Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Ulta Beauty's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ulta Beauty Business Description

Address
1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440
With more than 1,400 freestanding stores and 600 Target shop-in-shops, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers cosmetics (39% of 2024 sales), fragrances (13%), skin care (23%), and hair care products (19%). It also offers salon services, including hair, makeup, skin, and brow, that account for about 4% of its revenue and drive traffic. In addition, it collects royalties through its Target partnership and credit card revenue. Most standalone Ulta stores are approximately 10,000 square feet and are in suburban strip centers. The firm will soon open franchised stores in Mexico and has formed a joint venture to expand into the Middle East. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.

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