Question 1

What is Ulta Beauty's P/S ratio?

Accepted Answer

Ulta Beauty (ULTA) P/S ratio is 1.6× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Ulta Beauty?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Ulta Beauty specifically, the relevant sector benchmark is the current sector median of 1.9×.

Question 5

Is Ulta Beauty's P/S ratio high or low?

Accepted Answer

Ulta Beauty's P/S ratio of 1.6× is below its own 5-year average of 2.0× and below the sector median of 1.9×. That places the current reading at the 11th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Ulta Beauty's historical P/S ratio range?

Accepted Answer

In the available daily series, Ulta Beauty (ULTA) P/S ratio has ranged from a low of 0.2× in 2006 to a high of 3.8× in 2016. The 5-year average is 2.0× and the 5-year median is 2.1×.

Question 7

What was Ulta Beauty's P/S ratio in 2026?

Accepted Answer

Ulta Beauty (ULTA) P/S ratio at the end of 2026 was 2.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Ulta Beauty's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2026	$29.03B	$12.39B	2.3×	+0.7×	Jan 31, 2026
2025	$19.07B	$11.30B	1.7×	-0.5×	Jan 31, 2025
2024	$24.35B	$11.21B	2.2×	-0.4×	Jan 31, 2024
2023	$26.02B	$10.21B	2.5×	+0.3×	Jan 31, 2023
2022	$19.34B	$8.63B	2.2×	-0.3×	Jan 31, 2022
2021	$15.90B	$6.15B	2.6×	+0.5×	Jan 31, 2021
2020	$15.27B	$7.40B	2.1×	-0.5×	Jan 31, 2020
2019	$17.12B	$6.72B	2.5×	+0.2×	Jan 31, 2019
2018	$13.53B	$5.88B	2.3×	-1.2×	Jan 31, 2018
2017	$16.94B	$4.85B	3.5×	+0.6×	Jan 31, 2017
2016	$11.49B	$3.92B	2.9×	+0.3×	Jan 31, 2016
2015	$8.48B	$3.24B	2.6×	+0.6×	Jan 31, 2015
2014	$5.51B	$2.67B	2.1×	-0.8×	Jan 31, 2014
2013	$6.25B	$2.22B	2.8×	+0.1×	Jan 31, 2013
2012	$4.76B	$1.78B	2.7×	+1.1×	Jan 31, 2012
2011	$2.24B	$1.45B	1.5×	+0.6×	Jan 31, 2011
2010	$1.15B	$1.22B	0.9×	+0.6×	Jan 31, 2010
2009	$336.64M	$1.08B	0.3×	-0.6×	Jan 31, 2009
2008	$868.01M	$912.14M	1.0×	+0.5×	Jan 31, 2008
2007	$339.02M	$755.11M	0.4×	+0.1×	Jan 31, 2007
2006	$207.57M	$579.08M	0.4×	—	Jan 31, 2006


Casey's General Stores (CASY)	1.3×
Toll Brothers (TOL)	1.2×
D.R. Horton (DHI)	1.2×
Li Auto (LI)	1.2×
Ball (BALL)	1.2×
Weyco Group (WEYS)	1.1×
NIO (NIO)	1.1×
Amcor (AMCR)	0.9×
Norwegian Cruise Line (NCLH)	0.9×
Lennar (LEN)	0.8×
XPeng (XPEV)	0.8×
International Paper (IP)	0.8×
Sonoco Products (SON)	0.7×
Smurfit Westrock (SW)	0.7×
V.F. (VFC)	0.7×
Genuine Parts (GPC)	0.6×
Mohawk Industries (MHK)	0.5×
LKQ (LKQ)	0.5×
MGM Resorts (MGM)	0.5×
Polaris (PII)	0.4×
ChargePoint Holdings (CHPT)	0.4×
General Motors (GM)	0.4×
Leggett & Platt (LEG)	0.3×
Best Buy Co. (BBY)	0.3×
Ford Motor (F)	0.2×

P/S Ratio for Ulta Beauty (ULTA)

P/S Ratio daily chart for Ulta Beauty (ULTA)

Historical P/S Ratio for Ulta Beauty (ULTA) from 2006 to 2026

About P/S Ratio at Ulta Beauty (ULTA)

Ulta Beauty P/S Ratio by Year

Ulta Beauty P/S Ratio 2026: 2.3×

Ulta Beauty P/S Ratio 2025: 1.7×

Ulta Beauty P/S Ratio 2024: 2.2×

Ulta Beauty P/S Ratio 2023: 2.5×

Ulta Beauty P/S Ratio 2022: 2.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Ulta Beauty (ULTA) Key Financials

P/S Ratio daily chart for Ulta Beauty (ULTA)

Historical P/S Ratio for Ulta Beauty (ULTA) from 2006 to 2026

About P/S Ratio at Ulta Beauty (ULTA)

Ulta Beauty P/S Ratio by Year

Ulta Beauty P/S Ratio 2026: 2.3×

Ulta Beauty P/S Ratio 2025: 1.7×

Ulta Beauty P/S Ratio 2024: 2.2×

Ulta Beauty P/S Ratio 2023: 2.5×

Ulta Beauty P/S Ratio 2022: 2.2×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Ulta Beauty's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Ulta Beauty?

+Is Ulta Beauty's P/S ratio high or low?

+What is Ulta Beauty's historical P/S ratio range?

+What was Ulta Beauty's P/S ratio in 2026?

+Why does Ulta Beauty's P/S ratio change over time?

Ulta Beauty (ULTA) Key Financials