ULTA

Stock

Ulta Beauty, Inc.

One email when a drop — in price or in valuation — is historically rare for ULTA. Otherwise we stay quiet.

Worth a look

Bigger than its usual dip. Not yet rare.

Ulta Beauty, Inc. is 26.2% off its high — deeper than its 5.9% average pullback, but it has been through 147 drawdowns before. Not historically significant yet — we'll say so if that changes.

Valuation is notable too — P/S Severity Score 3.2, below its typical range.

Price $521.46 · as of Aug 21, 2026All-time high $706.82Drawdown -26.2%Severity Score™ 4.9Is the broader market down too?
🟡

Significant

Current Drawdown

-26.2%

Days in Drawdown

172

Avg Max Drawdown

5.9%

Avg Length

44

Drawdown Severity Score™

4.9

ULTA - Price & High Water Mark

ULTA - Drawdown Timeline

How to read this chart: Negative values indicate drawdowns from all-time highs. Values closer to 0% mean the stock is near its high water mark.

Valuation vs Its Own History

Data as of August 20, 2026 · updated daily

Where today's valuation sits within ULTA's own multi-year range, scored with the same Drawdown Severity Score language as price, measured from its typical level rather than its record high — a higher score means it has rarely been cheaper. This is context, not a recommendation.

Price to Sales

1.8xSeverity Score 3.2 · Below its typical range
Low: 0.17xMedian: 2.4xHigh: 4.2x

Ulta Beauty, Inc. has been cheaper on this measure only about 28% of the time in 19 years of daily history.

56.7% below its highest Price to Sales reading · high date August 23, 2016

Price to Sales history

EV to EBITDA

13.3xSeverity Score 2.3 · Below its typical range
Low: 4.0xMedian: 14.6xHigh: 30.0x

Ulta Beauty, Inc. has been cheaper on this measure only about 36% of the time in 18 years of daily history.

55.6% below its highest EV to EBITDA reading · high date March 11, 2021

EV to EBITDA history · log scale

How we measure valuation

Ulta Beauty, Inc. (ULTA) Analysis: Current Drawdown Insights

Ulta Beauty, Inc. is currently in a drawdown that is unusual by its own historical standards. As of 2026-08-21, the stock is trading at $521.46, which represents a 26.2% decline from its all-time high of $706.82. This drawdown has persisted for 172 days.

Based on its full tracked price history, Ulta Beauty, Inc. typically experiences drawdowns averaging 5.9% in depth, with an average duration of 44 days. Ulta Beauty, Inc. has gone through 147 total drawdown events in its tracked history. The largest drawdown on record for Ulta Beauty, Inc. was 87.9%, beginning in 2007. The longest drawdown duration on record was 1128 days.

The Drawdown Severity Score™ for Ulta Beauty, Inc. currently stands at 4.93. This is our proprietary indicator that shows the relative severity of the current drawdown based on the asset's unique historical patterns. A score between 3.0 and 5.0 indicates an elevated drawdown that's larger than this asset's historical averages.

Understanding Drawdowns: A drawdown measures how far a stock has fallen from its peak price. Every stock experiences drawdowns: periods when the price declines from all-time highs before recovering. By analyzing Ulta Beauty, Inc.'s historical drawdown patterns, investors can identify when the stock is experiencing a typical market fluctuation versus an unusual decline that is rare by that stock's own historical standards.

📜 Historical Drawdown Events

Current drawdown shown in blue. Showing the most recent and the deepest of 147 tracked pullbacks (61 listed).

Start DateEnd DateDurationMax DepthStart PriceLowest PriceRecovery Price
2026-03-02Ongoing172 days-26.2%$706.82$521.46n/a
2026-02-102026-02-177 days-4.2%$696.25$667.18$706.82
2026-01-262026-02-0612 days-8.0%$686.12$631.10$690.37
2026-01-222026-01-232 days-0.3%$683.45$681.64$686.12
2026-01-122026-01-209 days-0.7%$666.18$661.49$675.62
2025-12-232026-01-0210 days-1.4%$612.95$604.09$620.04
2025-12-102025-12-2213 days-2.8%$602.97$585.98$612.95
2025-12-082025-12-092 days-2.0%$601.50$589.30$602.97
2024-03-142025-12-05632 days-44.6%$567.18$314.47$601.50
2024-02-282024-03-1314 days-3.8%$561.41$540.22$567.18
2023-05-012024-02-26302 days-32.6%$551.43$371.85$556.32
2023-04-042023-04-2825 days-5.5%$551.19$520.95$551.43
2023-03-292023-03-302 days-1.0%$531.79$526.33$536.37
2023-02-172023-03-2839 days-4.7%$531.56$506.46$531.79
2023-02-082023-02-158 days-1.8%$524.96$515.75$526.56
2023-02-022023-02-076 days-1.1%$523.59$518.00$524.96
2023-01-272023-01-304 days-0.2%$506.82$505.67$507.97
2023-01-192023-01-235 days-2.4%$500.08$488.12$500.47
2023-01-122023-01-176 days-0.5%$493.55$490.99$494.59
2023-01-062023-01-116 days-0.9%$488.94$484.76$493.55
2022-12-092023-01-0427 days-8.8%$481.65$439.20$483.52
2022-12-022022-12-076 days-1.5%$472.53$465.58$480.05
2022-11-292022-11-302 days-1.6%$457.24$449.88$464.84
2022-11-232022-11-286 days-0.6%$450.04$447.37$457.24
2022-09-132022-11-2271 days-14.5%$446.14$381.59$450.04
2022-09-092022-09-124 days-0.5%$445.34$442.90$446.14
2022-04-212022-09-07140 days-20.7%$431.38$342.08$444.01
2022-01-052022-04-19104 days-16.6%$418.74$349.42$428.37
2021-11-172022-01-0449 days-11.6%$413.86$365.82$418.74
2021-10-192021-11-1629 days-11.9%$406.35$358.15$413.86
2021-08-262021-10-1349 days-7.4%$389.90$360.92$395.31
2021-08-132021-08-2412 days-3.0%$371.91$360.74$373.85
2019-07-182021-08-11756 days-64.9%$366.39$128.52$366.83
2019-06-212019-07-1626 days-5.0%$358.34$340.38$360.54
2019-04-292019-06-2053 days-10.0%$357.94$322.07$358.34
2019-04-252019-04-262 days-0.6%$355.84$353.70$357.94
2019-04-172019-04-248 days-2.2%$355.08$347.41$355.84
2019-04-092019-04-168 days-2.7%$354.47$344.83$355.08
2019-04-022019-04-054 days-1.5%$352.55$347.30$353.63
2019-03-282019-03-292 days-0.2%$346.05$345.23$348.73
2019-03-192019-03-268 days-3.4%$342.22$330.52$342.90
2019-03-142019-03-152 days-0.9%$315.44$312.51$338.41
2019-03-042019-03-139 days-3.1%$315.30$305.45$315.44
2018-11-142019-03-01108 days-27.1%$314.25$229.06$315.30
2017-06-062018-11-13526 days-39.4%$313.73$190.16$314.25
2017-05-122017-05-2615 days-6.5%$299.91$280.51$302.40
2017-05-102017-05-112 days-0.0%$299.57$299.47$299.91
2017-03-202017-05-0345 days-3.7%$288.81$277.99$290.36
2017-03-162017-03-172 days-0.5%$287.78$286.32$288.81
2017-03-142017-03-152 days-0.5%$286.91$285.38$287.78
2017-03-062017-03-105 days-3.0%$278.15$269.92$286.42
2016-08-242017-02-21182 days-17.3%$275.89$228.17$277.26
2015-12-172016-03-1186 days-19.9%$187.27$150.07$191.62
2013-11-062015-01-08429 days-38.5%$131.50$80.93$132.24
2013-01-042013-08-02210 days-27.5%$101.99$73.96$103.47
2012-09-102013-01-03116 days-14.4%$101.54$86.93$101.99
2012-06-212012-09-0779 days-14.3%$97.70$83.74$101.54
2012-04-192012-06-1558 days-11.8%$95.56$84.27$95.84
2011-11-072012-01-1873 days-13.7%$73.42$63.38$74.91
2011-09-202011-11-0446 days-15.8%$72.05$60.64$73.42
2011-07-112011-09-1264 days-28.8%$67.94$48.35$70.15
2007-10-312010-12-011128 days-87.9%$35.04$4.24$36.07

How to read: Each row shows a complete drawdown from peak to recovery. Red rows = most severe drawdowns (worst 20% or 5x+ average), yellow rows = moderate (2x-5x worse than average).

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Or explore current drawdowns:

Ulta Beauty, Inc. (ULTA) is trading at $521.46 as of Aug 21, 2026. It is 26.2% below its high of $706.82. The drawdown has lasted 172 days. Severity score: 4.9 (Significant).

ULTA Price History and Drawdown Data

Latest price

$521.46

High-water mark

$706.82

Current drawdown

-26.2%

Days in drawdown

172

This ULTA page is built around daily price history, the latest high-water mark, current drawdown depth, drawdown duration, and comparable historical drawdown events. The chart above provides the price-history context, while the sections below explain how the current move compares with prior Ulta Beauty, Inc. drawdowns.

What History Says About ULTA

Ulta Beauty, Inc. has dropped 20%+ from its high 10 times in its tracked history. These events lasted an average of 430 days with an average max drop of -41.2%.

The current drawdown of -26.2% has lasted 172 days, which is within the typical range for comparable events.

PeriodMax DropDuration
Oct 2007 to Dec 2010-87.9%1128 days
Jul 2019 to Aug 2021-64.9%756 days
Mar 2024 to Dec 2025-44.6%632 days
Jun 2017 to Nov 2018-39.4%526 days
Nov 2013 to Jan 2015-38.5%429 days
May 2023 to Feb 2024-32.6%302 days

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