Ulta Beauty forward PE ULTA

Share price divided by analysts' consensus earnings for the next twelve months, since 2008.

Today, Oct 23, 2026: 20.4×
10-year median: 22.1×
Against its 10-year history: 38th; percentile: 0 is its lowest day, 100 its highest
10-year range: 14.1× to 52.6×
Peer median: 25.7×

Ulta Beauty's forward PE is 20.4× as of Oct 23, 2026.

That is below its ten-year median of 22.1×, close to the middle of its last ten years.

Over that time it ranged from 14.1× in Aug 2024 to 52.6× in May 2020.

The median for 10 specialty retail stocks of a similar size is 25.7×.

Forward PE over time

median 22.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	20.4×	15.5×	25.7×
2025	22.6×	14.8×	22.6×
2024	19.5×	14.1×	23.2×
2023	20.6×	15.4×	22.7×
2022	20.1×	17.0×	21.8×
2021	22.7×	20.8×	35.6×
2020	30.6×	24.7×	52.6×
2019	43.9×	22.1×	45.5×
2018	20.7×	18.5×	27.1×
2017	22.0×	20.4×	37.4×
2016	34.3×	27.6×	41.3×
2015	34.1×	29.0×	34.1×
2014	29.3×	24.7×	31.5×
2013	28.9×	25.4×	41.5×
2012	34.1×	30.1×	38.0×
2011	28.1×	23.4×	34.2×
2010	22.2×	18.8×	33.8×
2009	26.3×	12.9×	35.7×
2008	26.6×	22.4×	45.9×

Against its peers

Companies in Specialty Retail nearest Ulta Beauty's size, closest first, today.

Company	Forward PE
ULTAUlta Beauty	20.4×
CASYCasey's General Stores	32.9×
CPNGCoupang	139×
WSMWilliams-Sonoma	25.5×
BBYBest Buy	n/m
TSCOTractor Supply	n/m
AZOAutoZone	18.9×
EBAYeBay	19.4×
DKSDick's Sporting Goods	n/m
GMEGameStop	n/m
ORLYO'Reilly Automotive	25.9×
Peer median	25.7×

Where Ulta Beauty ranks

#20of 40Consumer cyclical stocks with the lowest forward PE

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Ulta Beauty

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.