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ULTA (Ulta Beauty) Cyclically Adjusted PB Ratio : 10.93 (As of May. 28, 2025)


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What is Ulta Beauty Cyclically Adjusted PB Ratio?

As of today (2025-05-28), Ulta Beauty's current share price is $421.31. Ulta Beauty's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 was $38.56. Ulta Beauty's Cyclically Adjusted PB Ratio for today is 10.93.

The historical rank and industry rank for Ulta Beauty's Cyclically Adjusted PB Ratio or its related term are showing as below:

ULTA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.27   Med: 14.73   Max: 26.17
Current: 10.56

During the past years, Ulta Beauty's highest Cyclically Adjusted PB Ratio was 26.17. The lowest was 7.27. And the median was 14.73.

ULTA's Cyclically Adjusted PB Ratio is ranked worse than
94.47% of 741 companies
in the Retail - Cyclical industry
Industry Median: 1.2 vs ULTA: 10.56

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 adjusted book value per share data for the three months ended in Jan. 2025 was $54.136. 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 $38.56 for the trailing ten years ended in Jan. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ulta Beauty Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ulta Beauty's Cyclically Adjusted PB 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.

* Premium members only.

Ulta Beauty Cyclically Adjusted PB Ratio Chart

Ulta Beauty Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 12.03 13.27 16.36 14.41 10.69

Ulta Beauty Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25
Cyclically Adjusted PB Ratio 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 14.41 11.22 9.90 9.81 10.69

Competitive Comparison of Ulta Beauty's Cyclically Adjusted PB Ratio

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 PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=421.31/38.56
=10.93

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Jan. 2025 is calculated as:

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

Adj_Book=Book Value per Share/CPI of Jan. 2025 (Change)*Current CPI (Jan. 2025)
=54.136/134.0288*134.0288
=54.136

Current CPI (Jan. 2025) = 134.0288.

Ulta Beauty Quarterly Data

Book Value per Share CPI Adj_Book
201504 20.300 99.824 27.256
201507 20.994 100.691 27.945
201510 21.550 100.346 28.784
201601 22.708 99.957 30.448
201604 21.073 100.947 27.979
201607 22.306 101.524 29.448
201610 23.302 101.988 30.623
201701 24.952 102.456 32.641
201704 26.446 103.167 34.357
201707 26.529 103.278 34.428
201710 26.461 104.070 34.078
201801 29.171 104.578 37.386
201804 29.549 105.708 37.466
201807 30.273 106.324 38.161
201810 30.873 106.695 38.782
201901 31.070 106.200 39.212
201904 33.140 107.818 41.196
201907 31.819 108.250 39.396
201910 32.246 108.577 39.805
202001 33.601 108.841 41.377
202004 31.147 108.173 38.592
202007 31.440 109.318 38.547
202010 32.920 109.861 40.162
202101 35.541 110.364 43.162
202104 33.486 112.673 39.833
202107 34.526 115.183 40.175
202110 36.677 116.696 42.125
202201 29.351 118.619 33.164
202204 33.545 121.978 36.859
202207 34.463 125.002 36.952
202210 37.670 125.734 40.155
202301 38.913 126.223 41.319
202304 40.416 127.992 42.322
202307 41.586 128.974 43.216
202310 41.689 129.810 43.044
202401 47.168 130.124 48.583
202404 48.087 132.289 48.719
202407 49.644 132.708 50.138
202410 50.012 133.182 50.330
202501 54.136 134.029 54.136

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


Ulta Beauty  (NAS:ULTA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ulta Beauty Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ulta Beauty's Cyclically Adjusted PB Ratio 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.
Executives
Jodi J Caro officer: GC and Corporate Secretary 130 EAST RANDOLPH STREET, CHICAGO IL 60601
Kecia Steelman officer: Chief Operating Officer 1000 REMINGTON BLVD SUITE 120, BOLINGBROOK IL 60440
Catherine Ann Halligan director 243 CASELLI AVENUE, SAN FRANCISCO CA 94114
Mrkonic George R Jr director C/O BORDERS GROUP INC, 100 PHOENIX DRIVE, ANN ARBOR MI 48108
Anita Jane Ryan officer: Chief Human Resources Officer 1000 REMINGTON BLVD., SUITE 120, BOLINGBROOK IL 60440
Lorna Nagler director 2400 XENIUM LANE NORTH, PLYMOUTH MN 55441
Kelly E Garcia director 30 FRANK LLOYD WRIGH DR, ANN ARBOR MI 48105
Heidi G Petz director 101 W. PROSPECT AVENUE, CLEVELAND OH 44115
Gisel Ruiz director C/O VITAL FARMS, INC., 3601 SOUTH CONGRESS AVENUE, SUITE C100, AUSTIN TX 78704
Mike C. Smith director STITCH FIX, INC., ONE MONTGOMERY STREET, SUITE 1500, SAN FRANCISCO CA 94104
Michael R Macdonald director 810 DSW DRIVE, COLUMBUS OH 43219
Patricia A Little director 999 W BIG BEAVER ROAD, TROY MI 48084
Michelle L Collins director C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60503
David C Kimbell director, officer: Chief Executive Officer 8410 W. BRYN MAWR, CHICAGO IL 60631
Scott M Settersten officer: Chief Financial Officer 1000 REMINGTON BLVD., SUITE 120, BOLINGBROOK IL 60440