FIGS (FIGS) EV-to-EBIT: 29.81 (As of Sep. 09, 2026) — 40% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FIGS FIGS Inc FIGS
72 GF Score
Price $13.67
GF Value $7.71
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is FIGS EV-to-EBIT?

FIGS FIGS -0.07% 72 EV-to-EBIT is 29.81 as of Sep. 09, 2026, which is 40% below its 10-year median of 49.78. GuruFocus rates FIGS with a GF Score™ of 72/100 and a GF Value™ of $7.71 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 831 Manufacturing - Apparel & Accessories companies, FIGS ranks worse than 80.51% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, FIGS's Enterprise Value is $2,032.5 Mil. FIGS's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $68.2 Mil. Therefore, FIGS's EV-to-EBIT for today is 29.81.

The historical rank and industry rank for FIGS's EV-to-EBIT or its related term are showing as below:

FIGS' s EV-to-EBIT Range Over the Past 10 Years
Min: 19.17   Med: 49.78   Max: 1141.51
Current: 29.81

During the past 7 years, the highest EV-to-EBIT of FIGS was 1141.51. The lowest was 19.17. And the median was 49.78.

FIGS's EV-to-EBIT is ranked worse than
80.51% of 831 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 12.92 vs FIGS: 29.81

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. FIGS's Enterprise Value for the quarter that ended in Jun. 2026 was $1,457.1 Mil. FIGS's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $68.2 Mil. FIGS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 4.68%.


FIGS  (NYSE:FIGS) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

FIGS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=68.188/1457.12426
=4.68 %

FIGS's Enterprise Value for the quarter that ended in Jun. 2026 was $1,457.1 Mil.
FIGS's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


FIGS EV-to-EBIT Related Terms


FIGS EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for FIGS's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FIGS EV-to-EBIT Chart

FIGS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial 428.95 26.03 28.79 358.71 43.07

FIGS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.47 32.25 43.07 52.43 21.37

FIGS vs COLM, UAA, PVH: EV-to-EBIT Comparison

For the Apparel Manufacturing subindustry, FIGS's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FIGS EV-to-EBIT vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, FIGS's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where FIGS's EV-to-EBIT falls into.


FIGS
72GF Score
FIGS Inc FIGS
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

FIGS EV-to-EBIT Calculation

FIGS's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2032.517/68.188
=29.81

FIGS's current Enterprise Value is $2,032.5 Mil.
FIGS's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $68.2 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 29.81 mean?
FIGS (FIGS) has a EV-to-EBIT of 29.81 as of Sep. 09, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on FIGS and its competitors. This is 40% below median its historical median of 49.78. Over the past decade, FIGS's EV-to-EBIT has ranged from 19.17 to 1,141.51. According to the industry distribution chart, FIGS ranks #669 out of 831 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 80.5%.
Is FIGS's EV-to-EBIT too high?
FIGS's current EV-to-EBIT of 29.81 is 40% below median its 10-year median of 49.78. Over the past 10 years, this metric has ranged from a low of 19.17 to a high of 1,141.51. The Manufacturing - Apparel & Accessories industry median EV-to-EBIT is 12.92. FIGS's value of 29.81 is 130.7% above this industry median. Based on the distribution chart, FIGS ranks #669 out of 831 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, FIGS has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FIGS's EV-to-EBIT compare to COLM and UAA?
According to the Manufacturing - Apparel & Accessories industry distribution chart, FIGS ranks #669 out of 831 companies for EV-to-EBIT. This places FIGS in the lower half of its industry. The industry median EV-to-EBIT is 12.92. FIGS's value of 29.81 is 130.7% above this benchmark. Historically, FIGS's own EV-to-EBIT has ranged from 19.17 to 1,141.51 over the past decade. While the company's 10-year median is 49.78 vs. the industry median of 12.92, FIGS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Manufacturing - Apparel & Accessories company?
The median EV-to-EBIT among Manufacturing - Apparel & Accessories companies is 12.92, based on 831 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FIGS's current EV-to-EBIT of 29.81 is 130.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on FIGS and its competitors. For the Manufacturing - Apparel & Accessories industry, the median EV-to-EBIT is 12.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FIGS's current EV-to-EBIT is 29.81, which is 40% below median its own 10-year median of 49.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FIGS stock overvalued right now?
Based on GuruFocus' analysis, FIGS (FIGS) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.71, compared to a current price of $13.67 — trading 77.3% above its estimated fair value. The current EV-to-EBIT is 29.81, which is 40% below median its 10-year median of 49.78 and 130.7% above the Manufacturing - Apparel & Accessories industry median of 12.92. FIGS's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For FIGS (FIGS), the current EV-to-EBIT is 29.81 as of Sep. 09, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FIGS (FIGS) Overvalued in 2026?

Based on GuruFocus' analysis, FIGS stock appears to be overvalued. The current stock price of $13.67 is trading 77.3% above its estimated GF Value™ of $7.71. GuruFocus considers FIGS to be Significantly Overvalued.

Key valuation signals for FIGS:

  • EV-to-EBIT: 29.81 (40% below median its 10-year median of 49.78)
  • GF Value™: $7.71 vs. price of $13.67 (77.3% above fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 130.7% above the Manufacturing - Apparel & Accessories median (#669 of 831)

No single metric tells the full story. See the FIGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FIGS Business Description

Address 2834 Colorado Avenue, Suite 100, Santa Monica, CA, USA, 90404
FIGS Inc is a healthcare apparel company. It designs and sells scrubwear and non-scrubwear, such as outerwear, underscrubs, footwear, compression socks, lab coats, loungewear, and other healthcare apparel. The company sells products mainly through its direct-to-consumer (DTC) digital platform, consisting of its website, mobile app, and B2B business (TEAMS). It also operates physical retail stores, which are called Community Hubs, providing a retail experience for healthcare professionals. The company generates maximum revenue from the sale of scrubwear products. Geographically, it derives maximum revenue from the United States, followed by the rest of the world.
72GF Score

Get the complete analysis for FIGS

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.67
Price
$7.71
GF Value