Valuation
26% of the score
87median 56
Ulta Beauty is valued at 12.2x its operating profit, including debt: an ordinary multiple.
60x
50x
35x
25x
18x
12x
8x
12.2x
Full points at 8x or less, none from 60xfull points
ULTAUlta Beauty
$548.98+6.6% 1Y
$548.98
$450.7552 weeks$706.82
RyuScore
Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.
RyuScore 91 out of 100, Strong
Today's price. Only valuation depends on it.
Strong. Ulta Beauty scores higher than 100% of the 1,794 companies Ryufin scores.
Carried by valuation and return on capital, with nothing holding it far back.
Consumer Cyclical median 67 · all companies 57
Return on capital
18% of the score
100median 34
Over 7 years the business earned 31% a year after tax on the capital it uses.
2%
8%
15%
25%
31%
None at 2% or less, full points from 25%full points
7 years agolatest 29%
Return on new capital
16% of the score
89median 49
For every dollar of operating profit earned over 6 years, yearly profit grew by 10 cents. New capital earned 49%, and 20% of profit went back into the business.
-5%
12%
10%
None at minus 5 cents, full points from 12 centsfull points
Capital allocation
14% of the score
100median 67
How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.
Share countDown 4.5% a year over 5 years: buybacks
1005%
-3%
-4.5%
0 pointsfull points
Assets against salesAssets grew 6.6% a year, sales 15%
10012%
-2%
-8.5%
0 pointsfull points
Cycle position
12% of the score
79median 62
Today's operating margin of 12% is 0.88x its normal 14%: below its usual level, with room to recover. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.
2x
1.5x
1x
0.7x
0.9x
A trough earns points, a peak costs themfull points
10 years agonow 12%
Balance sheet
8% of the score
100median 50
What the debt weighs against the profit that has to carry it.
Net debt to EBITDA0.1x a year of EBITDA
1004.5x
0.5x
0.1x
0 pointsfull points
Interest coverOperating profit covers interest 8726x
1001.5x
12x
8725.7x
0 pointsfull points
Earnings quality
6% of the score
80median 90
Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.
Cash against profitOperating cash flow was 1.18x profit over 3 years
850.7x
1x
1.3x
1.2x
0 pointsfull points
AccrualsCash ran ahead of profit by 5.4% of assets
878%
0%
-8%
-5.4%
0 pointsfull points
Beneish M-score-2.39
69-1.50
-1.78
-2.22
-3.00
-2.39
0 pointsfull points
How the RyuScore works
Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.
Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-08-01, latest annual report FY2025.
On our screens:Quality at a reasonable price
Specialty Retail
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