Ulta BeautyFRA:34U +2.51%96 PEG Ratio is 0.81 as of Jun. 29, 2026, which is 34% below its 10-year median of 1.22. GuruFocus rates FRA:34U with a GF Score™ of 96/100 and a GF Value™ of €477.96 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 413 Retail - Cyclical companies, Ulta Beauty ranks better than 63.92% on this metric.
PE Ratio without NRI / 5-Year EBITDA Growth Rate*
PEG Ratio is defined as the PE Ratio without NRI divided by the growth ratio. The growth rate we use is the 5-Year EBITDA growth rate. As of today, Ulta Beauty's PE Ratio without NRI is 18.60. Ulta Beauty's 5-Year EBITDA growth rate is 23.00%. Therefore, Ulta Beauty's PEG Ratio for today is 0.81.
* The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Ulta Beauty's PEG Ratio or its related term are showing as below:
FRA:34U'
s PEG Ratio Range Over the Past 10 Years
Min: 0.5 Med: 1.22 Max: 18.75
Current: 0.79
During the past 13 years, Ulta Beauty's highest PEG Ratio was 18.75. The lowest was 0.50. And the median was 1.22.
FRA:34U's PEG Ratio is ranked better than 63.92% of 413
companies
in the Retail - Cyclical industry
Industry Median: 1.3
vs FRA:34U: 0.79
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Ulta Beauty (FRA:34U) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
Ulta Beauty PEG Ratio Related Terms
Ulta Beauty PEG Ratio Historical Data
* Premium members only.
The historical data trend for Ulta Beauty's PEG Ratio 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 PEG Ratio, along with its competitors' market caps and PEG Ratio 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 PEG Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Ulta Beauty's PEG Ratio 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.
* Note: The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Ulta Beauty (FRA:34U) has a PEG Ratio of 0.81 as of Jun. 29, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Ulta Beauty and its competitors. This is 34% below median its historical median of 1.22. Over the past decade, Ulta Beauty's PEG Ratio has ranged from 0.50 to 18.75. According to the industry distribution chart, Ulta Beauty ranks #149 out of 413 companies in the Retail - Cyclical industry, placing it in the top 36.1%.
Is Ulta Beauty's PEG Ratio too high?
Ulta Beauty's current PEG Ratio of 0.81 is 34% below median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 18.75. The Retail - Cyclical industry median PEG Ratio is 1.30. Ulta Beauty's value of 0.81 is 37.7% below this industry median. Based on the distribution chart, Ulta Beauty ranks #149 out of 413 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 PEG Ratio compare to DKS and BBY?
According to the Retail - Cyclical industry distribution chart, Ulta Beauty ranks #149 out of 413 companies for PEG Ratio. This puts Ulta Beauty in the upper half of its industry. The industry median PEG Ratio is 1.30. Ulta Beauty's value of 0.81 is 37.7% below this benchmark. Historically, Ulta Beauty's own PEG Ratio has ranged from 0.50 to 18.75 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 1.30, 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 PEG Ratio for a Retail - Cyclical company?
The median PEG Ratio among Retail - Cyclical companies is 1.30, based on 413 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ulta Beauty's current PEG Ratio of 0.81 is 37.7% 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Ulta Beauty and its competitors. For the Retail - Cyclical industry, the median PEG Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ulta Beauty's current PEG Ratio is 0.81, which is 34% below median its own 10-year median of 1.22. 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 €477.96, compared to a current price of €429.10 — trading 10.2% below its estimated fair value. The current PEG Ratio is 0.81, which is 34% below median its 10-year median of 1.22 and 37.7% below the Retail - Cyclical industry median of 1.30. 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 PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For Ulta Beauty (FRA:34U), the current PEG Ratio is 0.81 as of Jun. 29, 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 €429.10 is trading 10.2% below its estimated GF Value™ of €477.96.
GuruFocus considers Ulta Beauty to be Modestly Undervalued.
Key valuation signals for FRA:34U:
PEG Ratio: 0.81 (34% below median its 10-year median of 1.22)
GF Value™: €477.96 vs. price of €429.10 (10.2% below fair value)
Industry Position: 37.7% below the Retail - Cyclical median (#149 of 413)
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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