SGP (SpyGlass Pharma) EV-to-EBIT: -9.80 (As of Aug. 11, 2026)

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.

SGP SpyGlass Pharma Inc SGP
12 GF Score
Price $25.07
View Full Analysis

What is SpyGlass Pharma EV-to-EBIT?

SpyGlass Pharma SGP -0.59% 12 EV-to-EBIT is -9.80 as of Aug. 11, 2026. GuruFocus rates SGP with a GF Score™ of 12/100. Among 372 Biotechnology companies, SpyGlass Pharma ranks worse than 268816.94% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, SpyGlass Pharma's Enterprise Value is $608.63 Mil. SpyGlass Pharma's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-62.11 Mil. Therefore, SpyGlass Pharma's EV-to-EBIT for today is -9.80.

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

SGP' s EV-to-EBIT Range Over the Past 10 Years
Min: -21.4   Med: 0   Max: 0
Current: -20.96

SGP's EV-to-EBIT is ranked worse than
100% of 372 companies
in the Biotechnology industry
Industry Median: 15.085 vs SGP: -20.96

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. SpyGlass Pharma's Enterprise Value for the quarter that ended in Jun. 2026 was $511.82 Mil. SpyGlass Pharma's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-62.11 Mil. SpyGlass Pharma's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -12.13%.


SpyGlass Pharma  (NAS:SGP) 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) %.

SpyGlass Pharma'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 )
=-62.105/511.8204
=-12.13 %

SpyGlass Pharma's Enterprise Value for the quarter that ended in Jun. 2026 was $511.82 Mil.
SpyGlass Pharma'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 $-62.11 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.


SpyGlass Pharma EV-to-EBIT Related Terms


SpyGlass Pharma EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for SpyGlass Pharma'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.

SpyGlass Pharma EV-to-EBIT Chart

SpyGlass Pharma Annual Data
Trend Dec23 Dec24 Dec25
EV-to-EBIT
0.00 0.00 0.00

SpyGlass Pharma Quarterly Data
Dec23 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial 0.00 0.00 0.00 -21.24 0.00

SGP vs RIGL, NGNE, OCS: EV-to-EBIT Comparison

For the Biotechnology subindustry, SpyGlass Pharma'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.


SpyGlass Pharma EV-to-EBIT vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, SpyGlass Pharma's EV-to-EBIT distribution charts can be found below:

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


SGP
12GF Score
SpyGlass Pharma Inc SGP
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SpyGlass Pharma EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=608.631/-62.105
=-9.80

SpyGlass Pharma's current Enterprise Value is $608.63 Mil.
SpyGlass Pharma'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 $-62.11 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 -9.80 mean?
SpyGlass Pharma (SGP) has a EV-to-EBIT of -9.80 as of Aug. 11, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on SpyGlass Pharma and its competitors. According to the industry distribution chart, SpyGlass Pharma ranks #999999 out of 372 companies in the Biotechnology industry.
Is SpyGlass Pharma's EV-to-EBIT too high?
SpyGlass Pharma's current EV-to-EBIT is -9.80. Based on the distribution chart, SpyGlass Pharma ranks #999999 out of 372 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, SpyGlass Pharma has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does SpyGlass Pharma's EV-to-EBIT compare to RIGL and NGNE?
According to the Biotechnology industry distribution chart, SpyGlass Pharma ranks #999999 out of 372 companies for EV-to-EBIT. This places SpyGlass Pharma in the lower half of its industry. The industry median EV-to-EBIT is 15.09. 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 Biotechnology company?
The median EV-to-EBIT among Biotechnology companies is 15.09, based on 372 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. 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 SpyGlass Pharma and its competitors. For the Biotechnology industry, the median EV-to-EBIT is 15.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SpyGlass Pharma's current EV-to-EBIT is -9.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SpyGlass Pharma stock overvalued right now?
SpyGlass Pharma (SGP) has a current EV-to-EBIT of -9.80. The current EV-to-EBIT is -9.80. SpyGlass Pharma's overall GF Score™ is 12/100. 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 SpyGlass Pharma (SGP), the current EV-to-EBIT is -9.80 as of Aug. 11, 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.

SpyGlass Pharma Business Description

Address 27061 Aliso Creek Road, Suite 100, Aliso Viejo, CA, USA, 92656
SpyGlass Pharma Inc is a late-stage biopharmaceutical company focused on transforming the treatment paradigm for patients living with chronic eye conditions through long-acting, sustained drug delivery of approved medicines. The company is developing two programs: the BIM-IOL System, which is intended for use during cataract surgery to deliver glaucoma treatment, and the BIM-DRS, which is designed for glaucoma patients who are not undergoing cataract surgery.
12GF Score

Get the complete analysis for SGP

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

$25.07
Price