Price to Sales (P/S)
since 2008
Calculation
Ulta Beauty Inc., P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Net sales1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 24, 2023 | 2.53 | = | 513.98 | ÷ | 203.38 | 203.38 | = | 10,208,580 | ÷ | 50,195,089 | |
| Mar 25, 2022 | 2.40 | = | 395.07 | ÷ | 164.94 | 164.94 | = | 8,630,889 | ÷ | 52,327,263 | |
| Mar 26, 2021 | 2.77 | = | 303.00 | ÷ | 109.45 | 109.45 | = | 6,151,953 | ÷ | 56,205,592 | |
| Mar 27, 2020 | 1.33 | = | 174.45 | ÷ | 131.38 | 131.38 | = | 7,398,068 | ÷ | 56,309,476 | |
| Apr 2, 2019 | 3.04 | = | 347.30 | ÷ | 114.22 | 114.22 | = | 6,716,615 | ÷ | 58,803,744 | |
| Apr 3, 2018 | 2.11 | = | 204.38 | ÷ | 97.09 | 97.09 | = | 5,884,506 | ÷ | 60,611,334 | |
| Mar 28, 2017 | 3.62 | = | 282.86 | ÷ | 78.14 | 78.14 | = | 4,854,737 | ÷ | 62,132,265 | |
| Mar 30, 2016 | 3.10 | = | 194.11 | ÷ | 62.67 | 62.67 | = | 3,924,116 | ÷ | 62,618,206 | |
| Apr 1, 2015 | 2.99 | = | 150.98 | ÷ | 50.46 | 50.46 | = | 3,241,369 | ÷ | 64,230,316 | |
| Apr 2, 2014 | 2.41 | = | 100.11 | ÷ | 41.54 | 41.54 | = | 2,670,573 | ÷ | 64,295,291 | |
| Apr 3, 2013 | 2.35 | = | 82.00 | ÷ | 34.87 | 34.87 | = | 2,220,256 | ÷ | 63,670,003 | |
| Mar 28, 2012 | 3.29 | = | 93.59 | ÷ | 28.43 | 28.43 | = | 1,776,151 | ÷ | 62,474,444 | |
| Mar 30, 2011 | 2.03 | = | 48.71 | ÷ | 23.99 | 23.99 | = | 1,454,838 | ÷ | 60,654,795 | |
| Mar 31, 2010 | 1.08 | = | 22.62 | ÷ | 20.98 | 20.98 | = | 1,222,771 | ÷ | 58,293,399 | |
| Apr 2, 2009 | 0.35 | = | 6.63 | ÷ | 18.78 | 18.78 | = | 1,084,646 | ÷ | 57,744,488 | |
| Apr 16, 2008 | 0.88 | = | 14.12 | ÷ | 16.00 | 16.00 | = | 912,141 | ÷ | 56,995,738 |
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Ulta Beauty Inc. Annual Report.
- Share Price Trend
- The share price exhibited considerable volatility during the analyzed period. It experienced a significant decline from $14.12 in April 2008 to a low of $6.63 in April 2009. Subsequently, a strong recovery and upward trajectory were observed, reaching a peak of $282.86 in March 2017. After this peak, the price showed fluctuations with notable dips and rebounds, culminating in the highest value of $513.98 in March 2023. Overall, the share price demonstrated substantial growth with intermittent periods of correction.
- Sales Per Share Trend
- Sales per share displayed consistent growth throughout the period, progressing from $16 in April 2008 to $203.38 in March 2023. While growth was relatively steady, an unusual decline was noted between March 2020 ($131.38) and March 2021 ($109.45), possibly indicating an impact on sales during that interval. The sales per share recovered promptly after this dip and resumed its strong upward trend.
- Price-to-Sales Ratio (P/S) Trend
- The P/S ratio showed notable fluctuations over the years. Starting at 0.88 in April 2008, it dropped sharply to 0.35 in April 2009, signaling a lower valuation relative to sales during that period. A marked increase followed, reaching values above 3 on several occasions, such as 3.29 in March 2012 and 3.62 in March 2017. Afterward, it experienced declines in certain years, notably dropping to 1.33 in March 2020, before partially recovering to around 2.4-2.53 by March 2023. This variability suggests changes in market perception and valuation relative to sales over time.
- Overall Insights
- The financial indicators reflect a company with strong underlying sales growth accompanied by volatility in market valuation as reflected in the P/S ratio and share price. Periods of share price declines or stagnation were sometimes contrasted by continued increases in sales per share, indicating potential market corrections or external influences impacting stock valuation independently of sales performance. The dip in both sales per share and P/S ratio around 2020 coincides with broader economic disruptions, from which the company appeared to recover robustly. The long-term trends point to strengthening sales performance supporting increasing valuations as of the latest year.
Comparison to Competitors
Ulta Beauty Inc., P/S, long-term trends, comparison to competitors
| Ulta Beauty Inc. | Amazon.com Inc. | Home Depot Inc. | Lowe’s Cos. Inc. | TJX Cos. Inc. | |
|---|---|---|---|---|---|
| Mar 24, 2023 | 2.53 | 3.10 | 1.86 | 1.17 | 1.77 |
| Mar 25, 2022 | 2.40 | 2.06 | 2.17 | 1.56 | 1.50 |
| Mar 26, 2021 | 2.77 | 3.41 | 2.39 | 1.46 | 2.48 |
| Mar 27, 2020 | 1.33 | 4.32 | 1.77 | 0.71 | 1.34 |
| Apr 2, 2019 | 3.04 | 3.56 | 1.94 | 1.23 | 1.66 |
| Apr 3, 2018 | 2.11 | 3.43 | 2.01 | 1.02 | 1.47 |
| Mar 28, 2017 | 3.62 | 3.89 | 1.88 | 1.08 | 1.53 |
| Mar 30, 2016 | 3.10 | 2.90 | 1.85 | 1.15 | 1.68 |
| Apr 1, 2015 | 2.99 | 2.58 | 1.77 | 1.26 | 1.65 |
| Apr 2, 2014 | 2.41 | 1.85 | 1.38 | 0.93 | 1.57 |
| Apr 3, 2013 | 2.35 | 2.21 | 1.39 | 0.82 | 1.33 |
| Mar 28, 2012 | 3.29 | 2.03 | 1.08 | 0.75 | 1.27 |
| Mar 30, 2011 | 2.03 | 1.70 | 0.89 | 0.73 | 0.89 |
| Mar 31, 2010 | 1.08 | 2.26 | 0.83 | 0.74 | 0.87 |
| Apr 2, 2009 | 0.35 | 2.27 | 0.59 | 0.56 | 0.56 |
| Apr 16, 2008 | 0.88 | 1.31 | 0.64 | 0.74 | 0.77 |
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).
Comparison to Sector (Consumer Discretionary Distribution & Retail)
Ulta Beauty Inc., P/S, long-term trends, comparison to sector (consumer discretionary distribution & retail)
| Ulta Beauty Inc. | Consumer Discretionary Distribution & Retail | |
|---|---|---|
| Mar 24, 2023 | 2.53 | 2.59 |
| Mar 25, 2022 | 2.40 | 1.99 |
| Mar 26, 2021 | 2.77 | 2.94 |
| Mar 27, 2020 | 1.33 | 3.23 |
| Apr 2, 2019 | 3.04 | 2.73 |
| Apr 3, 2018 | 2.11 | 2.56 |
| Mar 28, 2017 | 3.62 | 2.67 |
| Mar 30, 2016 | 3.10 | 2.16 |
| Apr 1, 2015 | 2.99 | 1.97 |
| Apr 2, 2014 | 2.41 | 1.47 |
| Apr 3, 2013 | 2.35 | 1.52 |
| Mar 28, 2012 | 3.29 | 1.30 |
| Mar 30, 2011 | 2.03 | 1.06 |
| Mar 31, 2010 | 1.08 | 1.10 |
| Apr 2, 2009 | 0.35 | 0.83 |
| Apr 16, 2008 | 0.88 | 0.76 |
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).
Comparison to Industry (Consumer Discretionary)
Ulta Beauty Inc., P/S, long-term trends, comparison to industry (consumer discretionary)
| Ulta Beauty Inc. | Consumer Discretionary | |
|---|---|---|
| Mar 24, 2023 | 2.53 | 2.63 |
| Mar 25, 2022 | 2.40 | 2.27 |
| Mar 26, 2021 | 2.77 | 3.58 |
| Mar 27, 2020 | 1.33 | 3.81 |
| Apr 2, 2019 | 3.04 | 2.33 |
| Apr 3, 2018 | 2.11 | 2.05 |
| Mar 28, 2017 | 3.62 | 2.06 |
| Mar 30, 2016 | 3.10 | 1.68 |
| Apr 1, 2015 | 2.99 | 1.57 |
| Apr 2, 2014 | 2.41 | 1.32 |
| Apr 3, 2013 | 2.35 | 1.33 |
| Mar 28, 2012 | 3.29 | 1.06 |
| Mar 30, 2011 | 2.03 | 0.97 |
| Mar 31, 2010 | 1.08 | 0.96 |
| Apr 2, 2009 | 0.35 | 0.92 |
| Apr 16, 2008 | 0.88 | 0.66 |
Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02).