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Ulta BeautyLTS:0LIB -1.11%93 Earnings Yield (Joel Greenblatt) % is 6.29% as of Apr. 2026, which is 8% above its 10-year median of 5.81. GuruFocus rates LTS:0LIB with a GF Score™ of 93/100 and a GF Value™ of $557.33 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,130 Retail - Cyclical companies, Ulta Beauty ranks better than 57.43% on this metric.
Ulta Beauty's Enterprise Value for the quarter that ended in Apr. 2026 was $25,174 Mil.
Ulta Beauty's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $1,593 Mil. Ulta Beauty's Earnings Yield (Joel Greenblatt) for the quarter that ended in Apr. 2026 was 6.29%.
The historical rank and industry rank for Ulta Beauty's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
LTS:0LIB'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 1.65 Med: 5.81 Max: 9.41
Current: 6.6
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Ulta Beauty was 9.41%. The lowest was 1.65%. And the median was 5.81%.
LTS:0LIB's Earnings Yield (Joel Greenblatt) % is ranked better than 57.43% of 1130
companies
in the Retail - Cyclical industry
Industry Median: 5.465
vs LTS:0LIB: 6.60
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Ulta Beauty's Forward Rate of Return (Yacktman) % for the quarter that ended in Apr. 2026 was 15.50%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Ulta Beauty Earnings Yield (Joel Greenblatt) % Related Terms
Ulta Beauty Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Ulta Beauty's Earnings Yield (Joel Greenblatt) % 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.
For the Specialty Retail subindustry, Ulta Beauty's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Ulta Beautys Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Jan. 2026 is calculated as
Ulta Beauty's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,593 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.29% mean?
Ulta Beauty (LTS:0LIB) has a Earnings Yield (Joel Greenblatt) % of 6.29% as of Apr. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Ulta Beauty and its competitors. This is near median its historical median of 5.81. Over the past decade, Ulta Beauty's Earnings Yield (Joel Greenblatt) % has ranged from 1.65 to 9.41. According to the industry distribution chart, Ulta Beauty ranks #481 out of 1130 companies in the Retail - Cyclical industry, placing it in the top 42.6%.
Is Ulta Beauty's Earnings Yield (Joel Greenblatt) % too high?
Ulta Beauty's current Earnings Yield (Joel Greenblatt) % of 6.29% is near median its 10-year median of 5.81. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 9.41. The Retail - Cyclical industry median Earnings Yield (Joel Greenblatt) % is 5.47. Ulta Beauty's value of 6.29% is 15.1% above this industry median. Based on the distribution chart, Ulta Beauty ranks #481 out of 1130 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Ulta Beauty has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ulta Beauty's Earnings Yield (Joel Greenblatt) % compare to DKS and BBY?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #481 out of 1130 companies for Earnings Yield (Joel Greenblatt) %. This puts Ulta Beauty in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.47. Ulta Beauty's value of 6.29% is 15.1% above this benchmark. Historically, Ulta Beauty's own Earnings Yield (Joel Greenblatt) % has ranged from 1.65 to 9.41 over the past decade. While the company's 10-year median is 5.81 vs. the industry median of 5.47, 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 Earnings Yield (Joel Greenblatt) % for a Retail - Cyclical company?
The median Earnings Yield (Joel Greenblatt) % among Retail - Cyclical companies is 5.47, based on 1,130 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current Earnings Yield (Joel Greenblatt) % of 6.29% is 15.1% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Ulta Beauty and its competitors. For the Retail - Cyclical industry, the median Earnings Yield (Joel Greenblatt) % is 5.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current Earnings Yield (Joel Greenblatt) % is 6.29%, which is near median its own 10-year median of 5.81. 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 (LTS:0LIB) is currently considered Fairly Valued. The stock's GF Value™ is $557.33, compared to a current price of $508.28 — trading 8.8% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.29%, which is near median its 10-year median of 5.81 and 15.1% above the Retail - Cyclical industry median of 5.47. Ulta Beauty's overall GF Score™ is 93/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Ulta Beauty (LTS:0LIB), the current Earnings Yield (Joel Greenblatt) % is 6.29% 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 (LTS:0LIB) Overvalued in 2026?
Based on GuruFocus' analysis, Ulta Beauty stock appears to be undervalued.
The current stock price of $508.28 is trading 8.8% below its estimated GF Value™ of $557.33.
GuruFocus considers Ulta Beauty to be Fairly Valued.
Key valuation signals for LTS:0LIB:
Earnings Yield (Joel Greenblatt) %: 6.29% (near median its 10-year median of 5.81)
GF Value™: $557.33 vs. price of $508.28 (8.8% below fair value)
Industry Position: 15.1% above the Retail - Cyclical median (#481 of 1130)
No single metric tells the full story. See the LTS:0LIB 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.
93GF Score
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