EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Innovative Eyewear's Enterprise Value is $-0.81 Mil.
Innovative Eyewear's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-7.70 Mil. Therefore, Innovative Eyewear's EV-to-FCF for today is 0.11.
The historical rank and industry rank for Innovative Eyewear's EV-to-FCF or its related term are showing as below:
LUCY'
s EV-to-FCF Range Over the Past 10 Years
Min: -14.24 Med: -0.16 Max: 0.35
Current: 0.11
During the past 7 years, the highest EV-to-FCF of Innovative Eyewear was 0.35. The lowest was -14.24. And the median was -0.16.
LUCY's EV-to-FCF is ranked better than 98.8% of 418
companies
in the Medical Devices & Instruments industry
Industry Median: 23.12
vs LUCY: 0.11
EV-to-FCF 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-FCF 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.
Innovative Eyewear's PE Ratio (TTM) for today is calculated as:
Innovative Eyewear's share price for today is $0.76.
Innovative Eyewear'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 $-1.690.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Innovative Eyewear EV-to-FCF Related Terms
Innovative Eyewear EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Innovative Eyewear's EV-to-FCF 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 Instruments & Supplies subindustry, Innovative Eyewear's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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.
Innovative Eyewear EV-to-FCF vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Innovative Eyewear's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Innovative Eyewear's EV-to-FCF falls into.
Innovative Eyewear's current Enterprise Value is $-0.81 Mil.
Innovative Eyewear's Free Cash Flow 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 $-7.70 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.
Innovative Eyewear (LUCY) has a EV-to-FCF of 0.11 as of Jul. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Innovative Eyewear and its competitors. According to the industry distribution chart, Innovative Eyewear ranks #5 out of 418 companies in the Medical Devices & Instruments industry, placing it in the top 1.2%.
Is Innovative Eyewear's EV-to-FCF too high?
Innovative Eyewear's current EV-to-FCF is 0.11. The Medical Devices & Instruments industry median EV-to-FCF is 23.12. Innovative Eyewear's value of 0.11 is 99.5% below this industry median. Based on the distribution chart, Innovative Eyewear ranks #5 out of 418 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Innovative Eyewear has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Innovative Eyewear's EV-to-FCF compare to NXGL and CBSC?
According to the Medical Devices & Instruments industry distribution chart, Innovative Eyewear ranks #5 out of 418 companies for EV-to-FCF. This places Innovative Eyewear in the top 1% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 23.12. Innovative Eyewear's value of 0.11 is 99.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for a Medical Devices & Instruments company?
The median EV-to-FCF among Medical Devices & Instruments companies is 23.12, based on 418 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Innovative Eyewear's current EV-to-FCF of 0.11 is 99.5% below 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Innovative Eyewear and its competitors. For the Medical Devices & Instruments industry, the median EV-to-FCF is 23.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Eyewear's current EV-to-FCF is 0.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Eyewear stock overvalued right now?
Based on GuruFocus' analysis, Innovative Eyewear (LUCY) is currently considered Possible Value Trap. The stock's GF Value™ is $1.81, compared to a current price of $0.76 — trading 58% below its estimated fair value. The current EV-to-FCF is 0.11 and 99.5% below the Medical Devices & Instruments industry median of 23.12. Innovative Eyewear's overall GF Score™ is 56/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Innovative Eyewear (LUCY), the current EV-to-FCF is 0.11 as of Jul. 04, 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 Innovative Eyewear (LUCY) Overvalued in 2026?
Based on GuruFocus' analysis, Innovative Eyewear stock appears to be undervalued.
The current stock price of $0.76 is trading 58% below its estimated GF Value™ of $1.81.
GuruFocus considers Innovative Eyewear to be Possible Value Trap.
Key valuation signals for LUCY:
EV-to-FCF: 0.11
GF Value™: $1.81 vs. price of $0.76 (58% below fair value)
Industry Position: 99.5% below the Medical Devices & Instruments median (#5 of 418)
No single metric tells the full story. See the LUCY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovative Eyewear Inc is engaged in developing and selling eyeglasses and sunglasses, which are designed to allow customers to remain connected to their digital lives, while also offering prescription eyewear and sun protection. Its products include Lucyd Lyte, Nautica, Eddie Bauer, Lucyd Armor line, and Reebok. The firm derive substantially all of its revenue from the sale of smart glasses and custom lenses.
56GF Score
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