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.
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.
ReformationREF -2.67%16 EV-to-EBITDA is 28.32 as of Sep. 17, 2026, which is 9% above its 10-year median of 26.01. GuruFocus rates REF with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 979 Retail - Cyclical companies, Reformation ranks worse than 94.18% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Reformation's enterprise value is $1,263.2 Mil.
Reformation's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $44.6 Mil. Therefore, Reformation's EV-to-EBITDA for today is 28.32.
The historical rank and industry rank for Reformation's EV-to-EBITDA or its related term are showing as below:
REF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 24.27 Med: 26.01 Max: 60.53
Current: 58.35
During the past 3 years, the highest EV-to-EBITDA of Reformation was 60.53. The lowest was 24.27. And the median was 26.01.
REF's EV-to-EBITDA is ranked worse than 94.18% of 979
companies
in the Retail - Cyclical industry
Industry Median: 8.2
vs REF: 58.35
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.
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.
Reformation's PE Ratio (TTM) for today is calculated as:
Reformation's share price for today is $15.31.
Reformation'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 $-34.610.
* 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 Reformation'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.
Reformation EV-to-EBITDA Chart
Reformation Annual Data
Trend
Dec23
Dec24
Dec25
EV-to-EBITDA
0.00
0.00
0.00
Reformation Quarterly Data
Mar25
Jun25
Mar26
Jun26
EV-to-EBITDA
0.00
0.00
0.00
0.00
REF vs CTRN, CRI, SFIX: EV-to-EBITDA Comparison
For the Apparel Retail subindustry, Reformation'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.
Reformation EV-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Reformation's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Reformation's EV-to-EBITDA falls into.
Reformation's current Enterprise Value is $1,263.2 Mil.
Reformation'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 $44.6 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 (REF) has a EV-to-EBITDA of 28.32 as of Sep. 17, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Reformation. This is near median its historical median of 26.01. Over the past decade, Reformation's EV-to-EBITDA has ranged from 24.27 to 60.53. According to the industry distribution chart, Reformation ranks #922 out of 979 companies in the Retail - Cyclical industry, placing it in the top 94.2%.
Is Reformation's EV-to-EBITDA too high?
Reformation's current EV-to-EBITDA of 28.32 is near median its 10-year median of 26.01. Over the past 10 years, this metric has ranged from a low of 24.27 to a high of 60.53. The Retail - Cyclical industry median EV-to-EBITDA is 8.20. Reformation's value of 28.32 is 245.4% above this industry median. Based on the distribution chart, Reformation ranks #922 out of 979 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-EBITDA compare to CTRN and CRI?
According to the Retail - Cyclical industry distribution chart, Reformation ranks #922 out of 979 companies for EV-to-EBITDA. This places Reformation in the lower half of its industry. The industry median EV-to-EBITDA is 8.20. Reformation's value of 28.32 is 245.4% above this benchmark. Historically, Reformation's own EV-to-EBITDA has ranged from 24.27 to 60.53 over the past decade. While the company's 10-year median is 26.01 vs. the industry median of 8.20, 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-EBITDA for a Retail - Cyclical company?
The median EV-to-EBITDA among Retail - Cyclical companies is 8.20, based on 979 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. Reformation's current EV-to-EBITDA of 28.32 is 245.4% 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 Reformation. For the Retail - Cyclical industry, the median EV-to-EBITDA is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reformation's current EV-to-EBITDA is 28.32, which is near median its own 10-year median of 26.01. 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-EBITDA of 28.32. The current EV-to-EBITDA is 28.32, which is near median its 10-year median of 26.01 and 245.4% above the Retail - Cyclical industry median of 8.20. 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Reformation (REF), the current EV-to-EBITDA is 28.32 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 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
Get the complete analysis for REF
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
REF has been successfully added to your 
