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Ulta BeautyLTS:0LIB -1.11%93 EV-to-OCF is 15.62 as of Aug. 02, 2026, which is 16% below its 10-year median of 18.62. 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 1,135 Retail - Cyclical companies, Ulta Beauty ranks worse than 74.54% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Ulta Beauty's Enterprise Value is $24,127 Mil.
Ulta Beauty's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was $1,545 Mil. Therefore, Ulta Beauty's EV-to-OCF for today is 15.62.
The historical rank and industry rank for Ulta Beauty's EV-to-OCF or its related term are showing as below:
LTS:0LIB'
s EV-to-OCF Range Over the Past 10 Years
Min: 9 Med: 18.62 Max: 36.06
Current: 15.62
During the past 13 years, the highest EV-to-OCF of Ulta Beauty was 36.06. The lowest was 9.00. And the median was 18.62.
LTS:0LIB's EV-to-OCF is ranked worse than 74.54% of 1135
companies
in the Retail - Cyclical industry
Industry Median: 7.14
vs LTS:0LIB: 15.62
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $508.28.
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 $26.670.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Ulta Beauty EV-to-OCF Related Terms
Ulta Beauty EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Ulta Beauty's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's EV-to-OCF falls into.
Ulta Beauty's current Enterprise Value is $24,127 Mil.
Ulta Beauty's Cash Flow from Operations 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 $1,545 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 (LTS:0LIB) has a EV-to-OCF of 15.62 as of Aug. 02, 2026. This is 16% below median its historical median of 18.62. Over the past decade, Ulta Beauty's EV-to-OCF has ranged from 9.00 to 36.06. According to the industry distribution chart, Ulta Beauty ranks #846 out of 1135 companies in the Retail - Cyclical industry, placing it in the top 74.5%.
Is Ulta Beauty's EV-to-OCF too high?
Ulta Beauty's current EV-to-OCF of 15.62 is 16% below median its 10-year median of 18.62. Over the past 10 years, this metric has ranged from a low of 9.00 to a high of 36.06. The Retail - Cyclical industry median EV-to-OCF is 7.14. Ulta Beauty's value of 15.62 is 118.8% above this industry median. Based on the distribution chart, Ulta Beauty ranks #846 out of 1135 companies in the Retail - Cyclical industry, which is below 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 EV-to-OCF compare to DKS and BBY?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #846 out of 1135 companies for EV-to-OCF. This places Ulta Beauty in the lower half of its industry. The industry median EV-to-OCF is 7.14. Ulta Beauty's value of 15.62 is 118.8% above this benchmark. Historically, Ulta Beauty's own EV-to-OCF has ranged from 9.00 to 36.06 over the past decade. While the company's 10-year median is 18.62 vs. the industry median of 7.14, 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-OCF for a Retail - Cyclical company?
The median EV-to-OCF among Retail - Cyclical companies is 7.14, based on 1,135 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current EV-to-OCF of 15.62 is 118.8% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Retail - Cyclical industry, the median EV-to-OCF is 7.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current EV-to-OCF is 15.62, which is 16% below median its own 10-year median of 18.62. 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 EV-to-OCF is 15.62, which is 16% below median its 10-year median of 18.62 and 118.8% above the Retail - Cyclical industry median of 7.14. 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 EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Ulta Beauty (LTS:0LIB), the current EV-to-OCF is 15.62 as of Aug. 02, 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:
EV-to-OCF: 15.62 (16% below median its 10-year median of 18.62)
GF Value™: $557.33 vs. price of $508.28 (8.8% below fair value)
Industry Position: 118.8% above the Retail - Cyclical median (#846 of 1135)
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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