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Ulta Beauty (FRA:34U) Cyclically Adjusted PB Ratio : 10.33 (As of Jun. 10, 2024)


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What is Ulta Beauty Cyclically Adjusted PB Ratio?

As of today (2024-06-10), Ulta Beauty's current share price is €351.70. Ulta Beauty's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 was €34.04. Ulta Beauty's Cyclically Adjusted PB Ratio for today is 10.33.

The historical rank and industry rank for Ulta Beauty's Cyclically Adjusted PB Ratio or its related term are showing as below:

FRA:34U' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.27   Med: 15.12   Max: 26.17
Current: 10.65

During the past years, Ulta Beauty's highest Cyclically Adjusted PB Ratio was 26.17. The lowest was 7.27. And the median was 15.12.

FRA:34U's Cyclically Adjusted PB Ratio is ranked worse than
93.87% of 767 companies
in the Retail - Cyclical industry
Industry Median: 1.17 vs FRA:34U: 10.65

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ulta Beauty's adjusted book value per share data for the three months ended in Apr. 2024 was €44.817. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is €34.04 for the trailing ten years ended in Apr. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ulta Beauty Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ulta Beauty's Cyclically Adjusted PB 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.

* Premium members only.

Ulta Beauty Cyclically Adjusted PB Ratio Chart

Ulta Beauty Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.15 12.03 13.27 16.36 14.41

Ulta Beauty Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.99 13.35 11.18 14.41 11.26

Competitive Comparison of Ulta Beauty's Cyclically Adjusted PB Ratio

For the Specialty Retail subindustry, Ulta Beauty's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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's Cyclically Adjusted PB Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Ulta Beauty's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ulta Beauty's Cyclically Adjusted PB Ratio falls into.



Ulta Beauty Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ulta Beauty's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=351.70/34.04
=10.33

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Apr. 2024 is calculated as:

For example, Ulta Beauty's adjusted Book Value per Share data for the three months ended in Apr. 2024 was:

Adj_Book=Book Value per Share/CPI of Apr. 2024 (Change)*Current CPI (Apr. 2024)
=44.817/131.7762*131.7762
=44.817

Current CPI (Apr. 2024) = 131.7762.

Ulta Beauty Quarterly Data

Book Value per Share CPI Adj_Book
201407 12.927 100.520 16.947
201410 14.531 100.176 19.115
201501 16.735 98.604 22.365
201504 18.758 99.824 24.762
201507 19.084 100.691 24.976
201510 19.201 100.346 25.215
201601 20.914 99.957 27.571
201604 18.565 100.947 24.235
201607 20.187 101.524 26.202
201610 21.158 101.988 27.338
201701 23.455 102.456 30.167
201704 24.674 103.167 31.516
201707 23.000 103.278 29.347
201710 22.518 104.070 28.513
201801 23.920 104.578 30.141
201804 24.082 105.708 30.021
201807 25.913 106.324 32.116
201810 26.859 106.695 33.173
201901 27.218 106.200 33.773
201904 29.495 107.818 36.049
201907 28.382 108.250 34.550
201910 29.151 108.577 35.380
202001 30.274 108.841 36.654
202004 28.655 108.173 34.907
202007 27.353 109.318 32.973
202010 27.982 109.861 33.564
202101 29.179 110.364 34.840
202104 27.994 112.673 32.740
202107 29.209 115.183 33.417
202110 31.616 116.696 35.702
202201 25.946 118.619 28.824
202204 31.063 121.978 33.558
202207 33.877 125.002 35.713
202210 38.235 125.734 40.072
202301 36.111 126.223 37.700
202304 36.860 127.992 37.950
202307 37.593 128.974 38.410
202310 39.479 129.810 40.077
202401 43.300 130.124 43.850
202404 44.817 131.776 44.817

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ulta Beauty  (FRA:34U) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ulta Beauty Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ulta Beauty's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ulta Beauty (FRA:34U) Business Description

Traded in Other Exchanges
Address
1000 Remington Boulevard, Suite 120, Bolingbrook, IL, USA, 60440
With 1,355 stores at the end of fiscal 2022 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (42% of 2022 sales), fragrances, skin care, and hair care products (21% of 2022 sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.

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