REF (Reformation) EV-to-EBIT: 40.19 (As of Sep. 17, 2026) — Near Median

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REF Reformation Inc REF
16 GF Score
Price $15.31
! 4 Warning Signs
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What is Reformation EV-to-EBIT?

Reformation REF -2.67% 16 EV-to-EBIT is 40.19 as of Sep. 17, 2026, which is 9% above its 10-year median of 36.91. GuruFocus rates REF with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 890 Retail - Cyclical companies, Reformation ranks worse than 96.63% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Reformation's Enterprise Value is $1,263.2 Mil. Reformation's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $31.4 Mil. Therefore, Reformation's EV-to-EBIT for today is 40.19.

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

REF' s EV-to-EBIT Range Over the Past 10 Years
Min: 34.45   Med: 36.91   Max: 166.59
Current: 160.58

During the past 3 years, the highest EV-to-EBIT of Reformation was 166.59. The lowest was 34.45. And the median was 36.91.

REF's EV-to-EBIT is ranked worse than
96.63% of 890 companies
in the Retail - Cyclical industry
Industry Median: 12.925 vs REF: 160.58

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Reformation's Enterprise Value for the quarter that ended in Jun. 2026 was $0.0 Mil. Reformation's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $31.4 Mil. Reformation's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was %.


Reformation  (NYSE:REF) 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) %.

Reformation'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 )
=31.431/
= %

Reformation's Enterprise Value for the quarter that ended in Jun. 2026 was $0.0 Mil.
Reformation'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 $31.4 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.


Reformation EV-to-EBIT Related Terms


Reformation EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Reformation'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.

Reformation EV-to-EBIT Chart

Reformation Annual Data
Trend Dec23 Dec24 Dec25
EV-to-EBIT
0.00 0.00 0.00

Reformation Quarterly Data
Mar25 Jun25 Mar26 Jun26
EV-to-EBIT 0.00 0.00 0.00 0.00

REF vs CTRN, CRI, SFIX: EV-to-EBIT Comparison

For the Apparel Retail subindustry, Reformation'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.


Reformation EV-to-EBIT vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Reformation's EV-to-EBIT distribution charts can be found below:

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


REF
16GF Score
Reformation Inc REF
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Reformation EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1263.151/31.431
=40.19

Reformation's current Enterprise Value is $1,263.2 Mil.
Reformation'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 $31.4 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 40.19 mean?
Reformation (REF) has a EV-to-EBIT of 40.19 as of Sep. 17, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Reformation and its competitors. This is near median its historical median of 36.91. Over the past decade, Reformation's EV-to-EBIT has ranged from 34.45 to 166.59. According to the industry distribution chart, Reformation ranks #860 out of 890 companies in the Retail - Cyclical industry, placing it in the top 96.6%.
Is Reformation's EV-to-EBIT too high?
Reformation's current EV-to-EBIT of 40.19 is near median its 10-year median of 36.91. Over the past 10 years, this metric has ranged from a low of 34.45 to a high of 166.59. The Retail - Cyclical industry median EV-to-EBIT is 12.93. Reformation's value of 40.19 is 210.9% above this industry median. Based on the distribution chart, Reformation ranks #860 out of 890 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Reformation has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Reformation's EV-to-EBIT compare to CTRN and CRI?
According to the Retail - Cyclical industry distribution chart, Reformation ranks #860 out of 890 companies for EV-to-EBIT. This places Reformation in the lower half of its industry. The industry median EV-to-EBIT is 12.93. Reformation's value of 40.19 is 210.9% above this benchmark. Historically, Reformation's own EV-to-EBIT has ranged from 34.45 to 166.59 over the past decade. While the company's 10-year median is 36.91 vs. the industry median of 12.93, Reformation 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 Retail - Cyclical company?
The median EV-to-EBIT among Retail - Cyclical companies is 12.93, based on 890 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. Reformation's current EV-to-EBIT of 40.19 is 210.9% 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 Reformation and its competitors. For the Retail - Cyclical industry, the median EV-to-EBIT is 12.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reformation's current EV-to-EBIT is 40.19, which is near median its own 10-year median of 36.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reformation stock overvalued right now?
Reformation (REF) has a current EV-to-EBIT of 40.19. The current EV-to-EBIT is 40.19, which is near median its 10-year median of 36.91 and 210.9% above the Retail - Cyclical industry median of 12.93. Reformation's overall GF Score™ is 16/100 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 Reformation (REF), the current EV-to-EBIT is 40.19 as of Sep. 17, 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.

Reformation Business Description

Address 5801 S. 2nd Street, Vernon, CA, USA, 90058
Reformation Inc sells apparel and accessories through its website, company-owned retail stores, wholesale channels, and other distribution channels in the United States and internationally. Its product portfolio includes dresses, bottoms, tops, sweaters, and accessories. The company focuses on womenswear and sources materials and products through its supply chain operations. The majority of the company's revenue was derived from the sale of its apparel and accessories, including clothing, shoes, and bags, through e-commerce and retail. Geographically, the maximum revenue is generated from the United States.
16GF Score

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

$15.31
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