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Stock Comparison · Valuation-led comparison

Starbucks vs Ulta Beauty: Which Stock Looks Stronger in 2026?

Ulta Beauty leads structurally, with valuation as the clearest single gap between the two profiles. Starbucks still has the edge on growth, which keeps the comparison from looking entirely one-sided. In the market, Starbucks carries the stronger setup — intact trend against Ulta Beauty's broken trend. That leaves a split case: the structural lead stays with Ulta Beauty, but the market is not currently confirming it.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the S&P 500 universe, making them directly comparable.

Updated 2026-05-17

Most of the separation is still concentrated in valuation. The overall score gap is 18 points in favour of Ulta Beauty, Inc..

Trajectory Similarity
0.79
Similar
Peer-set rank: #7
within Starbucks Corporation's functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity signals a strong structural match, even though some dimensions still separate the two companies.

The strongest overlap appears in margin trend and revenue stability.

Similarity drivers
margin trendrevenue stability
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
SBUX
Starbucks Corporation
42
Peer-Score
Signal qualitylow
Peer basis: S&P 500
vs
ULTA
Ulta Beauty, Inc.
60
Peer-Score
Signal qualitylow
Peer basis: S&P 500

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: SBUX vs ULTA Profitability 47 54 Stability 35 36 Valuation 20 83 Growth 75 56 SBUX ULTA
Gap Ranking
#1 Valuation +63
#2 Growth +19
#3 Profitability +7
#4 Stability +1
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for SBUX and ULTA Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer SBUXULTA Relative valuation Structural strength

The structural gap is limited here, but current pricing still leans against Starbucks Corporation.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where SBUX and ULTA each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY SBUX Elevated · above norm 0th 50th 100th 23 pct gap ULTA Elevated · above norm 0th 50th 100th 98th 75th
Today ULTA sits in the upper-middle of its own 5-year history (75th percentile), while SBUX sits higher in its own history (98th). Within each stock's own 5-year context, ULTA is at a historically more favourable entry position than SBUX. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Valuation
On valuation, Ulta Beauty, Inc. ranks near the top of the group; Starbucks Corporation sits in the weaker half.
Growth
On growth, the edge still sits with Starbucks Corporation, even though both profiles look solid.
Valuation — Dominant Gap
SBUX
20
ULTA
83
Gap+63in favour of ULTA

The multiple-based pricing edge comes from a forward P/E that is 19.7 turns lower.

What keeps the gap from being one-sided

Earnings growth also leans toward SBUX, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The valuation lead is clear, but pricing and growth still pull in the other direction — the result holds, but not without friction.

Explore full peer positioning in AssetNext

Break down the SBUX vs ULTA comparison across all dimensions with the full interactive tool.

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Similar valuation-driven comparisons

Explore how SBUX and ULTA each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.