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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 -2.35%72 EV-to-OCF is 18.34 as of Sep. 09, 2026, which is 3% above its 10-year median of 17.80. 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 1,070 Manufacturing - Apparel & Accessories companies, FIGS ranks worse than 75.89% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, FIGS's Enterprise Value is $1,980.8 Mil.
FIGS's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $108.0 Mil. Therefore, FIGS's EV-to-OCF for today is 18.34.
The historical rank and industry rank for FIGS's EV-to-OCF or its related term are showing as below:
FIGS'
s EV-to-OCF Range Over the Past 10 Years
Min: -56.46 Med: 17.8 Max: 315.4
Current: 18.34
During the past 7 years, the highest EV-to-OCF of FIGS was 315.40. The lowest was -56.46. And the median was 17.80.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
As of today (2026-09-09), FIGS's stock price is $13.359.
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 40.48.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $13.359.
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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
FIGS EV-to-OCF Related Terms
FIGS EV-to-OCF Historical Data
* Premium members only.
The historical data trend for FIGS's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, FIGS's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where FIGS's EV-to-OCF falls into.
FIGS's current Enterprise Value is $1,980.8 Mil.
FIGS's Cash Flow from Operations 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 $108.0 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-OCF of 18.34 as of Sep. 09, 2026. This is near median its historical median of 17.80. According to the industry distribution chart, FIGS ranks #812 out of 1070 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 75.9%.
Is FIGS's EV-to-OCF too high?
FIGS's current EV-to-OCF of 18.34 is near median its 10-year median of 17.80. The Manufacturing - Apparel & Accessories industry median EV-to-OCF is 7.31. FIGS's value of 18.34 is 150.9% above this industry median. Based on the distribution chart, FIGS ranks #812 out of 1070 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-OCF compare to COLM and UAA?
According to the Manufacturing - Apparel & Accessories industry distribution chart, FIGS ranks #812 out of 1070 companies for EV-to-OCF. This places FIGS in the lower half of its industry. The industry median EV-to-OCF is 7.31. FIGS's value of 18.34 is 150.9% above this benchmark. While the company's 10-year median is 17.80 vs. the industry median of 7.31, 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-OCF for a Manufacturing - Apparel & Accessories company?
The median EV-to-OCF among Manufacturing - Apparel & Accessories companies is 7.31, based on 1,070 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FIGS's current EV-to-OCF of 18.34 is 150.9% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median EV-to-OCF is 7.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FIGS's current EV-to-OCF is 18.34, which is near median its own 10-year median of 17.80. 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 $13.36 — trading 73.3% above its estimated fair value. The current EV-to-OCF is 18.34, which is near median its 10-year median of 17.80 and 150.9% above the Manufacturing - Apparel & Accessories industry median of 7.31. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For FIGS (FIGS), the current EV-to-OCF is 18.34 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 $13.36 is trading 73.3% above its estimated GF Value™ of $7.71.
GuruFocus considers FIGS to be Significantly Overvalued.
Key valuation signals for FIGS:
EV-to-OCF: 18.34 (near median its 10-year median of 17.80)
GF Value™: $7.71 vs. price of $13.36 (73.3% above fair value)
Industry Position: 150.9% above the Manufacturing - Apparel & Accessories median (#812 of 1070)
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-OCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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