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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.
FIGSFIGS -0.07%72 EV-to-EBITDA is 25.78 as of Sep. 09, 2026, which is 40% below its 10-year median of 43.18. 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 886 Manufacturing - Apparel & Accessories companies, FIGS ranks worse than 83.07% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, FIGS's enterprise value is $2,032.5 Mil.
FIGS's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $78.9 Mil. Therefore, FIGS's EV-to-EBITDA for today is 25.78.
The historical rank and industry rank for FIGS's EV-to-EBITDA or its related term are showing as below:
FIGS'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 17.42 Med: 43.18 Max: 968.03
Current: 25.78
During the past 7 years, the highest EV-to-EBITDA of FIGS was 968.03. The lowest was 17.42. And the median was 43.18.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-09-09), FIGS's stock price is $13.67.
FIGS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.330. Therefore, FIGS's PE Ratio (TTM) for today is 41.42.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
FIGS's share price for today is $13.67.
FIGS's Earnings per Share (Diluted) 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 $0.330.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for FIGS's EV-to-EBITDA 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.
For the Apparel Manufacturing subindustry, FIGS's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, FIGS's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where FIGS's EV-to-EBITDA falls into.
FIGS's current Enterprise Value is $2,032.5 Mil.
FIGS's EBITDA 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 $78.9 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 (FIGS) has a EV-to-EBITDA of 25.78 as of Sep. 09, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on FIGS. This is 40% below median its historical median of 43.18. Over the past decade, FIGS's EV-to-EBITDA has ranged from 17.42 to 968.03. According to the industry distribution chart, FIGS ranks #736 out of 886 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 83.1%.
Is FIGS's EV-to-EBITDA too high?
FIGS's current EV-to-EBITDA of 25.78 is 40% below median its 10-year median of 43.18. Over the past 10 years, this metric has ranged from a low of 17.42 to a high of 968.03. The Manufacturing - Apparel & Accessories industry median EV-to-EBITDA is 9.25. FIGS's value of 25.78 is 178.9% above this industry median. Based on the distribution chart, FIGS ranks #736 out of 886 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-EBITDA compare to COLM and UAA?
According to the Manufacturing - Apparel & Accessories industry distribution chart, FIGS ranks #736 out of 886 companies for EV-to-EBITDA. This places FIGS in the lower half of its industry. The industry median EV-to-EBITDA is 9.25. FIGS's value of 25.78 is 178.9% above this benchmark. Historically, FIGS's own EV-to-EBITDA has ranged from 17.42 to 968.03 over the past decade. While the company's 10-year median is 43.18 vs. the industry median of 9.25, 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-EBITDA for a Manufacturing - Apparel & Accessories company?
The median EV-to-EBITDA among Manufacturing - Apparel & Accessories companies is 9.25, based on 886 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FIGS's current EV-to-EBITDA of 25.78 is 178.9% 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on FIGS. For the Manufacturing - Apparel & Accessories industry, the median EV-to-EBITDA is 9.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FIGS's current EV-to-EBITDA is 25.78, which is 40% below median its own 10-year median of 43.18. 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-EBITDA is 25.78, which is 40% below median its 10-year median of 43.18 and 178.9% above the Manufacturing - Apparel & Accessories industry median of 9.25. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For FIGS (FIGS), the current EV-to-EBITDA is 25.78 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-EBITDA: 25.78 (40% below median its 10-year median of 43.18)
GF Value™: $7.71 vs. price of $13.67 (77.3% above fair value)
Industry Position: 178.9% above the Manufacturing - Apparel & Accessories median (#736 of 886)
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 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-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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