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IRIDEXIRIX -8.24%62 EV-to-EBITDA is -19.49 as of Jul. 16, 2026. GuruFocus rates IRIX with a GF Score™ of 62/100 and a GF Value™ of $1.70 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 511 Medical Devices & Instruments companies, IRIDEX ranks worse than 195694.52% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, IRIDEX's enterprise value is $22.45 Mil.
IRIDEX's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-1.15 Mil. Therefore, IRIDEX's EV-to-EBITDA for today is -19.49.
The historical rank and industry rank for IRIDEX's EV-to-EBITDA or its related term are showing as below:
IRIX'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -380.07 Med: -4.51 Max: 159.79
Current: -19.49
During the past 13 years, the highest EV-to-EBITDA of IRIDEX was 159.79. The lowest was -380.07. And the median was -4.51.
IRIX's EV-to-EBITDA is ranked worse than 100% of 511
companies
in the Medical Devices & Instruments industry
Industry Median: 14.23
vs IRIX: -19.49
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 (2026-07-16), IRIDEX's stock price is $0.9635.
IRIDEX's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.190. Therefore, IRIDEX's PE Ratio (TTM) for today is At Loss.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
IRIDEX (NAS:IRIX) EV-to-EBITDA Explanation
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.
IRIDEX's share price for today is $0.9635.
IRIDEX's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.190.
* 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 IRIDEX'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 Medical Devices subindustry, IRIDEX'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.
IRIDEX EV-to-EBITDA vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, IRIDEX's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where IRIDEX's EV-to-EBITDA falls into.
IRIDEX's current Enterprise Value is $22.45 Mil.
IRIDEX's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.15 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.
IRIDEX (IRIX) has a EV-to-EBITDA of -19.49 as of Jul. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on IRIDEX. According to the industry distribution chart, IRIDEX ranks #999999 out of 511 companies in the Medical Devices & Instruments industry.
Is IRIDEX's EV-to-EBITDA too high?
IRIDEX's current EV-to-EBITDA is -19.49. Based on the distribution chart, IRIDEX ranks #999999 out of 511 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, IRIDEX has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does IRIDEX's EV-to-EBITDA compare to ICCM and LFWD?
According to the Medical Devices & Instruments industry distribution chart, IRIDEX ranks #999999 out of 511 companies for EV-to-EBITDA. This places IRIDEX in the lower half of its industry. The industry median EV-to-EBITDA is 14.23. 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 Medical Devices & Instruments company?
The median EV-to-EBITDA among Medical Devices & Instruments companies is 14.23, based on 511 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. 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 IRIDEX. For the Medical Devices & Instruments industry, the median EV-to-EBITDA is 14.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IRIDEX's current EV-to-EBITDA is -19.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IRIDEX stock overvalued right now?
Based on GuruFocus' analysis, IRIDEX (IRIX) is currently considered Possible Value Trap. The stock's GF Value™ is $1.70, compared to a current price of $0.96 — trading 43.3% below its estimated fair value. The current EV-to-EBITDA is -19.49. IRIDEX's overall GF Score™ is 62/100 with 3 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 IRIDEX (IRIX), the current EV-to-EBITDA is -19.49 as of Jul. 16, 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 IRIDEX (IRIX) Overvalued in 2026?
Based on GuruFocus' analysis, IRIDEX stock appears to be undervalued.
The current stock price of $0.96 is trading 43.3% below its estimated GF Value™ of $1.70.
GuruFocus considers IRIDEX to be Possible Value Trap.
Key valuation signals for IRIX:
EV-to-EBITDA: -19.49
GF Value™: $1.70 vs. price of $0.96 (43.3% below fair value)
No single metric tells the full story. See the IRIX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IRIDEX Corp is an ophthalmic medical technology company focused on the development and commercialization of breakthrough products and procedures used to treat sight-threatening eye conditions, including glaucoma and retinal diseases. Its products include Lasers, Laser delivery devices, Glaucoma devices, Retinal surgical instruments, and Veterinary and ENT products. The firm also powers its products with its proprietary Micropulse technology. The company operates in only one reportable segment, Ophthalmology. It derives revenues from the sale of consoles, delivery devices, consumables, services, and support activities. The geographical segments of the company include the United States, which drives maximum revenue, Europe, and the Americas, excluding the U.S. and Asia/Pacific Rim.
62GF Score
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