Ulta Beauty Inc., current enterprise value calculation

Current share price (P)	$422.74
No. shares of common stock outstanding	49,228,649
US$ in thousands
Common equity (market value)¹	20,810,919)
Total equity	20,810,919)
Add: Total debt (book value)	—)
Total equity and debt	20,810,919)
Less: Cash and cash equivalents	737,877)
Less: Short-term investments	—)
Enterprise value (EV)	20,073,042)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 422.74 × 49,228,649

Ulta Beauty Inc., EV calculation

	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Share price^1, 2	$513.98	$395.07	$303.00	$174.45	$347.30	$204.38
No. shares of common stock outstanding¹	50,195,089	52,327,263	56,205,592	56,309,476	58,803,744	60,611,334
US$ in thousands
Common equity (market value)³	25,799,272)	20,672,932)	17,030,294)	9,823,188)	20,422,540)	12,387,744)
Total equity	25,799,272)	20,672,932)	17,030,294)	9,823,188)	20,422,540)	12,387,744)
Add: Total debt (book value)	—)	—)	—)	—)	—)	—)
Total equity and debt	25,799,272)	20,672,932)	17,030,294)	9,823,188)	20,422,540)	12,387,744)
Less: Cash and cash equivalents	737,877)	431,560)	1,046,051)	392,325)	409,251)	277,445)
Less: Short-term investments	—)	—)	—)	110,000)	—)	120,000)
Enterprise value (EV)	25,061,395)	20,241,372)	15,984,243)	9,320,863)	20,013,289)	11,990,299)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Ulta Beauty Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 513.98 × 50,195,089

Download chart

Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Ulta Beauty Inc. EV increased from 2021 to 2022 and from 2022 to 2023.

Ulta Beauty Inc. (NASDAQ:ULTA)

Enterprise Value (EV)