Ulta BeautyFRA:34U +2.51%96 Days Inventory is 109.65 as of Apr. 2026, which is 12% above its 10-year median of 97.97. GuruFocus rates FRA:34U with a GF Score™ of 96/100 and a GF Value™ of €521.24 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,087 Retail - Cyclical companies, Ulta Beauty ranks worse than 52.62% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Ulta Beauty's Average Total Inventories for the
three
months ended in Apr. 2026 was €1,948 Mil. Ulta Beauty's Cost of Goods Sold for the
three
months ended in Apr. 2026 was €1,621 Mil.
Hence, Ulta Beauty's Days Inventory for the
three
months ended in Apr. 2026 was 109.65.
The historical rank and industry rank for Ulta Beauty's Days Inventory or its related term are showing as below:
FRA:34U'
s Days Inventory Range Over the Past 10 Years
Min: 89.44 Med: 97.97 Max: 112.11
Current: 112.11
During the past 13 years, Ulta Beauty's highest Days Inventory was 112.11. The lowest was 89.44. And the median was 97.97.
FRA:34U's Days Inventory is ranked worse than 52.62% of 1087
companies
in the Retail - Cyclical industry
Industry Median: 104.57
vs FRA:34U: 112.11
Ulta Beauty's Days Inventory
declined
from Apr. 2025 (112.02) to Apr. 2026 (109.65).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ulta Beauty's Inventory Turnover for the
three
months ended in Apr. 2026 was 0.83.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ulta Beauty's Inventory-to-Revenue for the
three
months ended in Apr. 2026 was 0.72.
Ulta Beauty (FRA:34U) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Ulta Beauty's Inventory Turnover for the
three
months ended in Apr. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Ulta Beauty's Inventory to Revenue for the
three
months ended in Apr. 2026 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Ulta Beauty Days Inventory Related Terms
Ulta Beauty Days Inventory Historical Data
* Premium members only.
The historical data trend for Ulta Beauty's Days Inventory 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 DKS, BBY, TSCO: Days Inventory Comparison
For the Specialty Retail subindustry, Ulta Beauty's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's Days Inventory 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 Days Inventory of 109.65 as of Apr. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ulta Beauty and its competitors. This is 12% above median its historical median of 97.97. Over the past decade, Ulta Beauty's Days Inventory has ranged from 89.44 to 112.11. According to the industry distribution chart, Ulta Beauty ranks #572 out of 1087 companies in the Retail - Cyclical industry, placing it in the top 52.6%.
Is Ulta Beauty's Days Inventory too high?
Ulta Beauty's current Days Inventory of 109.65 is 12% above median its 10-year median of 97.97. Over the past 10 years, this metric has ranged from a low of 89.44 to a high of 112.11. The Retail - Cyclical industry median Days Inventory is 104.57. Ulta Beauty's value of 109.65 is 4.9% above this industry median. Based on the distribution chart, Ulta Beauty ranks #572 out of 1087 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 Days Inventory compare to DKS and BBY?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #572 out of 1087 companies for Days Inventory. This places Ulta Beauty in the lower half of its industry. The industry median Days Inventory is 104.57. Ulta Beauty's value of 109.65 is 4.9% above this benchmark. Historically, Ulta Beauty's own Days Inventory has ranged from 89.44 to 112.11 over the past decade. While the company's 10-year median is 97.97 vs. the industry median of 104.57, Ulta Beauty has consistently been above 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 Days Inventory for a Retail - Cyclical company?
The median Days Inventory among Retail - Cyclical companies is 104.57, based on 1,087 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current Days Inventory of 109.65 is 4.9% above 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 Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Ulta Beauty and its competitors. For the Retail - Cyclical industry, the median Days Inventory is 104.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current Days Inventory is 109.65, which is 12% above median its own 10-year median of 97.97. 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 €521.24, compared to a current price of €429.10 — trading 17.7% below its estimated fair value. The current Days Inventory is 109.65, which is 12% above median its 10-year median of 97.97 and 4.9% above the Retail - Cyclical industry median of 104.57. 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 Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Ulta Beauty (FRA:34U), the current Days Inventory is 109.65 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 €429.10 is trading 17.7% below its estimated GF Value™ of €521.24.
GuruFocus considers Ulta Beauty to be Modestly Undervalued.
Key valuation signals for FRA:34U:
Days Inventory: 109.65 (12% above median its 10-year median of 97.97)
GF Value™: €521.24 vs. price of €429.10 (17.7% below fair value)
Industry Position: 4.9% above the Retail - Cyclical median (#572 of 1087)
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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