WRBY (Warby Parker) Enterprise Value: $3,222.8 Mil (As of Aug. 11, 2026) ***

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

WRBY Warby Parker Inc WRBY
68 GF Score
Price $26.41
GF Value $21.61
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Warby Parker Enterprise Value?

Warby Parker WRBY -0.19% 68 Enterprise Value is $3,222.8 Mil as of Aug. 11, 2026. GuruFocus rates WRBY with a GF Score™ of 68/100 and a GF Value™ of $21.61 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Warby Parker's Enterprise Value is $3,222.8 Mil. Warby Parker's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $1.6 Mil. Therefore, Warby Parker's EV-to-EBIT ratio for today is 2,076.54.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Warby Parker's Enterprise Value is $3,222.8 Mil. Warby Parker's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $55.0 Mil. Therefore, Warby Parker's EV-to-EBITDA ratio for today is 58.57.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Warby Parker's Enterprise Value is $3,222.8 Mil. Warby Parker's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was $911.6 Mil. Therefore, Warby Parker's EV-to-Revenue ratio for today is 3.54.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Warby Parker's Enterprise Value is $3,222.8 Mil. Warby Parker's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $95.4 Mil. Therefore, Warby Parker's EV-to-OCF ratio for today is 33.80.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Warby Parker's Enterprise Value is $3,222.8 Mil. Warby Parker's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $21.7 Mil. Therefore, Warby Parker's EV-to-FCF ratio for today is 148.20.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Warby Parker  (NYSE:WRBY) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Warby Parker's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=3222.794/1.552
=2,076.54

Warby Parker's current Enterprise Value is $3,222.8 Mil.
Warby Parker's EBIT 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 $1.6 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Warby Parker's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=3222.794/55.022
=58.57

Warby Parker's current Enterprise Value is $3,222.8 Mil.
Warby Parker'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 $55.0 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Warby Parker's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=3222.794/911.606
=3.54

Warby Parker's current Enterprise Value is $3,222.8 Mil.
Warby Parker's Revenue 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 $911.6 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Warby Parker's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=3222.794/95.357
=33.80

Warby Parker's current Enterprise Value is $3,222.8 Mil.
Warby Parker'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 $95.4 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Warby Parker's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=3222.794/21.746
=148.20

Warby Parker's current Enterprise Value is $3,222.8 Mil.
Warby Parker's Free Cash Flow 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 $21.7 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.


Warby Parker Enterprise Value Related Terms


Warby Parker Enterprise Value Historical Data

* Premium members only.

The historical data trend for Warby Parker's Enterprise Value 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.

Warby Parker Enterprise Value Chart

Warby Parker Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial 5,033.78 1,520.72 1,623.58 2,896.97 2,614.93

Warby Parker Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,616.53 3,321.48 2,614.93 2,534.99 3,773.50

WRBY vs XRAY, LMAT, PLSE: Enterprise Value Comparison

For the Medical Instruments & Supplies subindustry, Warby Parker's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.


Warby Parker Enterprise Value vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Warby Parker's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Warby Parker's Enterprise Value falls into.


WRBY
68GF Score
Warby Parker Inc WRBY
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Warby Parker Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Warby Parker's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Warby Parker's Enterprise Value for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of $3,222.8 Mil mean?
Warby Parker (WRBY) has a Enterprise Value of $3,222.8 Mil as of Aug. 11, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Warby Parker and its competitors.
Is Warby Parker's Enterprise Value too high?
Warby Parker's current Enterprise Value is $3,222.8 Mil. Overall, Warby Parker has a GF Score™ of 68/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Warby Parker's Enterprise Value compare to XRAY and LMAT?
Warby Parker's Enterprise Value of $3,222.8 Mil can be compared against companies in the Medical Devices & Instruments industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a Medical Devices & Instruments company?
A good Enterprise Value depends on the Medical Devices & Instruments industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Warby Parker and its competitors. Warby Parker's current Enterprise Value is $3,222.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Warby Parker stock overvalued right now?
Based on GuruFocus' analysis, Warby Parker (WRBY) is currently considered Modestly Overvalued. The stock's GF Value™ is $21.61, compared to a current price of $26.41 — trading 22.2% above its estimated fair value. The current Enterprise Value is $3,222.8 Mil. Warby Parker's overall GF Score™ is 68/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Warby Parker (WRBY), the current Enterprise Value is $3,222.8 Mil as of Aug. 11, 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 Warby Parker (WRBY) Overvalued in 2026?

Based on GuruFocus' analysis, Warby Parker stock appears to be overvalued. The current stock price of $26.41 is trading 22.2% above its estimated GF Value™ of $21.61. GuruFocus considers Warby Parker to be Modestly Overvalued.

Key valuation signals for WRBY:

  • Enterprise Value: $3,222.8 Mil
  • GF Value™: $21.61 vs. price of $26.41 (22.2% above fair value)
  • GF Score™: 68/100 with 4 warning signs

No single metric tells the full story. See the WRBY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Warby Parker Business Description

Address 233 Spring Street, 6th Floor East, New York, NY, USA, 10013
Warby Parker Inc is a mission-driven, lifestyle brand that operates at the intersection of design, technology, healthcare, and social enterprise. The Company provides holistic vision care by offering eyewear, contacts, and eye care directly to consumers through its integrated, omnichannel platform. The company predominantly derives revenue from the sales of eyewear products, optical services, and accessories. The firm sells products and services through its stores, website, and mobile apps. Revenue generated from eyewear products includes the sales of prescription and non-prescription optical glasses and sunglasses, contact lenses, eyewear accessories, and expedited shipping charges.
68GF Score

Get the complete analysis for WRBY

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$26.41
Price
$21.61
GF Value