Ulta BeautyFRA:34U +5.21%96 OCF Margin % is 8.28% as of Apr. 2026, which is 37% below its 10-year median of 13.17. GuruFocus rates FRA:34U with a GF Score™ of 96/100 and a GF Value™ of €487.50 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,124 Retail - Cyclical companies, Ulta Beauty ranks better than 73.67% on this metric.
The historical rank and industry rank for Ulta Beauty's OCF Margin % or its related term are showing as below:
FRA:34U'
s OCF Margin % Range Over the Past 10 Years
Min: 11.85 Med: 13.17 Max: 14.89
Current: 12.11
During the past 13 years, the highest OCF Margin % of Ulta Beauty was 14.89%. The lowest was 11.85%. And the median was 13.17%.
FRA:34U's OCF Margin % is ranked better than 73.67% of 1124
companies
in the Retail - Cyclical industry
Industry Median: 5.525
vs FRA:34U: 12.11
Ulta Beauty OCF Margin % Related Terms
Ulta Beauty OCF Margin % Historical Data
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The historical data trend for Ulta Beauty's OCF Margin % 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 WSM, DKS, TSCO: OCF Margin % Comparison
For the Specialty Retail subindustry, Ulta Beauty's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's OCF Margin % distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's OCF Margin % 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 OCF Margin % of 8.28% as of Apr. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Ulta Beauty and its competitors. This is 37% below median its historical median of 13.17. Over the past decade, Ulta Beauty's OCF Margin % has ranged from 11.85 to 14.89. According to the industry distribution chart, Ulta Beauty ranks #296 out of 1124 companies in the Retail - Cyclical industry, placing it in the top 26.3%.
Is Ulta Beauty's OCF Margin % too high?
Ulta Beauty's current OCF Margin % of 8.28% is 37% below median its 10-year median of 13.17. Over the past 10 years, this metric has ranged from a low of 11.85 to a high of 14.89. The Retail - Cyclical industry median OCF Margin % is 5.53. Ulta Beauty's value of 8.28% is 49.9% above this industry median. Based on the distribution chart, Ulta Beauty ranks #296 out of 1124 companies in the Retail - Cyclical industry, which is above 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 OCF Margin % compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #296 out of 1124 companies for OCF Margin %. This puts Ulta Beauty in the upper half of its industry. The industry median OCF Margin % is 5.53. Ulta Beauty's value of 8.28% is 49.9% above this benchmark. Historically, Ulta Beauty's own OCF Margin % has ranged from 11.85 to 14.89 over the past decade. While the company's 10-year median is 13.17 vs. the industry median of 5.53, 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 OCF Margin % for a Retail - Cyclical company?
The median OCF Margin % among Retail - Cyclical companies is 5.53, based on 1,124 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current OCF Margin % of 8.28% is 49.9% 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 OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on Ulta Beauty and its competitors. For the Retail - Cyclical industry, the median OCF Margin % is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current OCF Margin % is 8.28%, which is 37% below median its own 10-year median of 13.17. 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 €487.50, compared to a current price of €424.40 — trading 12.9% below its estimated fair value. The current OCF Margin % is 8.28%, which is 37% below median its 10-year median of 13.17 and 49.9% above the Retail - Cyclical industry median of 5.53. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For Ulta Beauty (FRA:34U), the current OCF Margin % is 8.28% 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 €424.40 is trading 12.9% below its estimated GF Value™ of €487.50.
GuruFocus considers Ulta Beauty to be Modestly Undervalued.
Key valuation signals for FRA:34U:
OCF Margin %: 8.28% (37% below median its 10-year median of 13.17)
GF Value™: €487.50 vs. price of €424.40 (12.9% below fair value)
Industry Position: 49.9% above the Retail - Cyclical median (#296 of 1124)
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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