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Ulta BeautyFRA:34U -1.02%94 EV-to-EBITDA is 12.16 as of Jul. 27, 2026, which is 13% below its 10-year median of 13.98. GuruFocus rates FRA:34U with a GF Score™ of 94/100 and a GF Value™ of €492.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 947 Retail - Cyclical companies, Ulta Beauty ranks worse than 64.73% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Ulta Beauty's enterprise value is €19,792 Mil.
Ulta Beauty's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was €1,627 Mil. Therefore, Ulta Beauty's EV-to-EBITDA for today is 12.16.
The historical rank and industry rank for Ulta Beauty's EV-to-EBITDA or its related term are showing as below:
FRA:34U'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 8.15 Med: 13.98 Max: 30.36
Current: 11.83
During the past 13 years, the highest EV-to-EBITDA of Ulta Beauty was 30.36. The lowest was 8.15. And the median was 13.98.
FRA:34U's EV-to-EBITDA is ranked worse than 64.73% of 947
companies
in the Retail - Cyclical industry
Industry Median: 8.82
vs FRA:34U: 11.83
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Ulta Beauty (FRA:34U) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Ulta Beauty's PE Ratio (TTM) for today is calculated as:
Ulta Beauty's share price for today is €416.70.
Ulta Beauty's Earnings per Share (Diluted) 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 €22.803.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Ulta Beauty's EV-to-EBITDA 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: EV-to-EBITDA Comparison
For the Specialty Retail subindustry, Ulta Beauty's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's EV-to-EBITDA falls into.
Ulta Beauty's current Enterprise Value is €19,792 Mil.
Ulta Beauty's EBITDA 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 €1,627 Mil.
* 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 EV-to-EBITDA of 12.16 as of Jul. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ulta Beauty. This is 13% below median its historical median of 13.98. Over the past decade, Ulta Beauty's EV-to-EBITDA has ranged from 8.15 to 30.36. According to the industry distribution chart, Ulta Beauty ranks #613 out of 947 companies in the Retail - Cyclical industry, placing it in the top 64.7%.
Is Ulta Beauty's EV-to-EBITDA too high?
Ulta Beauty's current EV-to-EBITDA of 12.16 is 13% below median its 10-year median of 13.98. Over the past 10 years, this metric has ranged from a low of 8.15 to a high of 30.36. The Retail - Cyclical industry median EV-to-EBITDA is 8.82. Ulta Beauty's value of 12.16 is 37.9% above this industry median. Based on the distribution chart, Ulta Beauty ranks #613 out of 947 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Ulta Beauty has a GF Score™ of 94/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ulta Beauty's EV-to-EBITDA compare to DKS and BBY?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #613 out of 947 companies for EV-to-EBITDA. This places Ulta Beauty in the lower half of its industry. The industry median EV-to-EBITDA is 8.82. Ulta Beauty's value of 12.16 is 37.9% above this benchmark. Historically, Ulta Beauty's own EV-to-EBITDA has ranged from 8.15 to 30.36 over the past decade. While the company's 10-year median is 13.98 vs. the industry median of 8.82, 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 EV-to-EBITDA for a Retail - Cyclical company?
The median EV-to-EBITDA among Retail - Cyclical companies is 8.82, based on 947 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current EV-to-EBITDA of 12.16 is 37.9% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Ulta Beauty. For the Retail - Cyclical industry, the median EV-to-EBITDA is 8.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current EV-to-EBITDA is 12.16, which is 13% below median its own 10-year median of 13.98. 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 €492.19, compared to a current price of €416.70 — trading 15.3% below its estimated fair value. The current EV-to-EBITDA is 12.16, which is 13% below median its 10-year median of 13.98 and 37.9% above the Retail - Cyclical industry median of 8.82. Ulta Beauty's overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Ulta Beauty (FRA:34U), the current EV-to-EBITDA is 12.16 as of Jul. 27, 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 €416.70 is trading 15.3% below its estimated GF Value™ of €492.19.
GuruFocus considers Ulta Beauty to be Modestly Undervalued.
Key valuation signals for FRA:34U:
EV-to-EBITDA: 12.16 (13% below median its 10-year median of 13.98)
GF Value™: €492.19 vs. price of €416.70 (15.3% below fair value)
Industry Position: 37.9% above the Retail - Cyclical median (#613 of 947)
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.
94GF Score
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