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Ulta BeautyLTS:0LIB -1.11%93 Equity-to-Asset is 0.37 as of Apr. 2026, which is 5% below its 10-year median of 0.39. 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 1,136 Retail - Cyclical companies, Ulta Beauty ranks worse than 61.62% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Ulta Beauty's Total Stockholders Equity for the quarter that ended in Apr. 2026 was $2,581 Mil. Ulta Beauty's Total Assets for the quarter that ended in Apr. 2026 was $6,895 Mil.
Therefore, Ulta Beauty's Equity to Asset Ratio for the quarter that ended in Apr. 2026 was 0.37.
The historical rank and industry rank for Ulta Beauty's Equity-to-Asset or its related term are showing as below:
LTS:0LIB'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.32 Med: 0.39 Max: 0.61
Current: 0.37
During the past 13 years, the highest Equity to Asset Ratio of Ulta Beauty was 0.61. The lowest was 0.32. And the median was 0.39.
LTS:0LIB's Equity-to-Asset is ranked worse than 61.62% of 1136
companies
in the Retail - Cyclical industry
Industry Median: 0.44
vs LTS:0LIB: 0.37
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Ulta Beauty Equity-to-Asset Related Terms
Ulta Beauty Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Ulta Beauty's Equity-to-Asset 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.
LTS:0LIB vs DKS, BBY, TSCO: Equity-to-Asset Comparison
For the Specialty Retail subindustry, Ulta Beauty's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Ulta Beauty's Equity to Asset Ratio for the fiscal year that ended in Jan. 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.
Ulta Beauty (LTS:0LIB) has a Equity-to-Asset of 0.37 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Ulta Beauty and its competitors. This is near median its historical median of 0.39. Over the past decade, Ulta Beauty's Equity-to-Asset has ranged from 0.32 to 0.61. According to the industry distribution chart, Ulta Beauty ranks #700 out of 1136 companies in the Retail - Cyclical industry, placing it in the top 61.6%.
Is Ulta Beauty's Equity-to-Asset too high?
Ulta Beauty's current Equity-to-Asset of 0.37 is near median its 10-year median of 0.39. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.61. The Retail - Cyclical industry median Equity-to-Asset is 0.44. Ulta Beauty's value of 0.37 is 15.9% below this industry median. Based on the distribution chart, Ulta Beauty ranks #700 out of 1136 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 Equity-to-Asset compare to DKS and BBY?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #700 out of 1136 companies for Equity-to-Asset. This places Ulta Beauty in the lower half of its industry. The industry median Equity-to-Asset is 0.44. Ulta Beauty's value of 0.37 is 15.9% below this benchmark. Historically, Ulta Beauty's own Equity-to-Asset has ranged from 0.32 to 0.61 over the past decade. While the company's 10-year median is 0.39 vs. the industry median of 0.44, Ulta Beauty has consistently been below 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 Equity-to-Asset for a Retail - Cyclical company?
The median Equity-to-Asset among Retail - Cyclical companies is 0.44, based on 1,136 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current Equity-to-Asset of 0.37 is 15.9% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Ulta Beauty and its competitors. For the Retail - Cyclical industry, the median Equity-to-Asset is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current Equity-to-Asset is 0.37, which is near median its own 10-year median of 0.39. 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 Equity-to-Asset is 0.37, which is near median its 10-year median of 0.39 and 15.9% below the Retail - Cyclical industry median of 0.44. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Ulta Beauty (LTS:0LIB), the current Equity-to-Asset is 0.37 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:
Equity-to-Asset: 0.37 (near median its 10-year median of 0.39)
GF Value™: $557.33 vs. price of $508.28 (8.8% below fair value)
Industry Position: 15.9% below the Retail - Cyclical median (#700 of 1136)
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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