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-OCF is 47.36 as of Sep. 17, 2026, which is 9% above its 10-year median of 43.50. GuruFocus rates REF with a GF Score™ of 16/100. The stock has 4 warning signs investors should review. Among 1,133 Retail - Cyclical companies, Reformation ranks worse than 100% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Reformation's Enterprise Value is $1,263.2 Mil.
Reformation's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $26.7 Mil. Therefore, Reformation's EV-to-OCF for today is 47.36.
The historical rank and industry rank for Reformation's EV-to-OCF or its related term are showing as below:
REF'
s EV-to-OCF Range Over the Past 10 Years
Min: 40.6 Med: 43.5 Max: 50400.5
Current: 48582.73
During the past 3 years, the highest EV-to-OCF of Reformation was 50400.50. The lowest was 40.60. And the median was 43.50.
REF's EV-to-OCF is ranked worse than 100% of 1133
companies
in the Retail - Cyclical industry
Industry Median: 7.25
vs REF: 48582.73
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.
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.
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.
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.
Reformation EV-to-OCF Related Terms
Reformation EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Reformation'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.
Reformation EV-to-OCF Chart
Reformation Annual Data
Trend
Dec23
Dec24
Dec25
EV-to-OCF
0.00
0.00
0.00
Reformation Quarterly Data
Mar25
Jun25
Mar26
Jun26
EV-to-OCF
0.00
0.00
0.00
0.00
REF vs CTRN, CRI, SFIX: EV-to-OCF Comparison
For the Apparel Retail subindustry, Reformation'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.
Reformation EV-to-OCF vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Reformation's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Reformation's EV-to-OCF falls into.
Reformation's current Enterprise Value is $1,263.2 Mil.
Reformation'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 $26.7 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-OCF of 47.36 as of Sep. 17, 2026. This is near median its historical median of 43.50. Over the past decade, Reformation's EV-to-OCF has ranged from 40.60 to 50,400.50. According to the industry distribution chart, Reformation ranks #1133 out of 1133 companies in the Retail - Cyclical industry.
Is Reformation's EV-to-OCF too high?
Reformation's current EV-to-OCF of 47.36 is near median its 10-year median of 43.50. Over the past 10 years, this metric has ranged from a low of 40.60 to a high of 50,400.50. The Retail - Cyclical industry median EV-to-OCF is 7.25. Reformation's value of 47.36 is 553.2% above this industry median. Based on the distribution chart, Reformation ranks #1133 out of 1133 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-OCF compare to CTRN and CRI?
According to the Retail - Cyclical industry distribution chart, Reformation ranks #1133 out of 1133 companies for EV-to-OCF. This places Reformation in the lower half of its industry. The industry median EV-to-OCF is 7.25. Reformation's value of 47.36 is 553.2% above this benchmark. Historically, Reformation's own EV-to-OCF has ranged from 40.60 to 50,400.50 over the past decade. While the company's 10-year median is 43.50 vs. the industry median of 7.25, 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-OCF for a Retail - Cyclical company?
The median EV-to-OCF among Retail - Cyclical companies is 7.25, based on 1,133 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. Reformation's current EV-to-OCF of 47.36 is 553.2% 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 Retail - Cyclical industry, the median EV-to-OCF is 7.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reformation's current EV-to-OCF is 47.36, which is near median its own 10-year median of 43.50. 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-OCF of 47.36. The current EV-to-OCF is 47.36, which is near median its 10-year median of 43.50 and 553.2% above the Retail - Cyclical industry median of 7.25. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Reformation (REF), the current EV-to-OCF is 47.36 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-OCF 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 
