REF (Reformation) PB Ratio: 2.17 (As of Aug. 01, 2026)

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REF Reformation Inc REF
8 GF Score
Price $16.22
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What is Reformation PB Ratio?

Reformation REF +7.56% 8 PB Ratio is 2.17 as of Aug. 01, 2026. GuruFocus rates REF with a GF Score™ of 8/100.

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-08-01), Reformation's share price is $16.22. Reformation's Book Value per Share for the quarter that ended in Dec. 2025 was $7.46. Hence, Reformation's PB Ratio of today is 2.17.

The historical rank and industry rank for Reformation's PB Ratio or its related term are showing as below:

REF's PB Ratio is not ranked *
in the Retail - Cyclical industry.
Industry Median: 1.48
* Ranked among companies with meaningful PB Ratio only.

Back to Basics: PB Ratio

Reformation  (NYSE:REF) PB Ratio Explanation

Unlike valuation ratios relative to the earning power such as PE Ratio, PE Ratio without NRI, PS Ratio, Price-to-Operating-Cash-Flow , or Price-to-Free-Cash-Flow, the PB Ratio measures the valuation of the stock relative to the underlying asset of the company.

The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.

Reformation PB Ratio Related Terms

Reformation PB Ratio Historical Data

* Premium members only.

The historical data trend for Reformation's PB Ratio 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 PB Ratio Chart

Reformation Annual Data
Trend Dec23 Dec24 Dec25
PB Ratio
0.00 0.00 0.00

Reformation Semi-Annual Data
Dec23 Dec24 Dec25
PB Ratio 0.00 0.00 0.00

REF vs : PB Ratio Comparison

For the Apparel Retail subindustry, Reformation's PB Ratio, along with its competitors' market caps and PB Ratio 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 PB Ratio vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Reformation's PB Ratio distribution charts can be found below:

* The bar in red indicates where Reformation's PB Ratio falls into.


REF
8GF Score
Reformation Inc REF
PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Reformation PB Ratio Calculation

The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.

Reformation's PB Ratio for today is calculated as follows:

PB Ratio=Share Price/Book Value per Share (Q: Dec. 2025)
=16.22/7.462
=2.17

* 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.

It can also be calculated from the numbers for the whole company:

PB Ratio=Market Cap /(Total Stockholders Equity-Preferred Stock)

A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.

Frequently Asked Questions Learn more about PB Ratio →
What does a PB Ratio of 2.17 mean?
Reformation (REF) has a PB Ratio of 2.17 as of Aug. 01, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Reformation and its competitors.
Is Reformation's PB Ratio too high?
Reformation's current PB Ratio is 2.17. The Retail - Cyclical industry median PB Ratio is 1.48. Reformation's value of 2.17 is 46.6% above this industry median. Overall, Reformation has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Reformation's PB Ratio compare to ?
Reformation's PB Ratio of 2.17 can be compared against companies in the Retail - Cyclical industry. The industry median PB Ratio is 1.48. Reformation's value of 2.17 is 46.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Retail - Cyclical company?
The median PB Ratio among Retail - Cyclical companies is 1.48, based on 1,084 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Reformation's current PB Ratio of 2.17 is 46.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Reformation and its competitors. For the Retail - Cyclical industry, the median PB Ratio is 1.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reformation's current PB Ratio is 2.17. 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 PB Ratio of 2.17. The current PB Ratio is 2.17 and 46.6% above the Retail - Cyclical industry median of 1.48. Reformation's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Reformation (REF), the current PB Ratio is 2.17 as of Aug. 01, 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 Business Description

Comparable Companies
Address 5801 S. 2nd Street, Vernon, CA, USA, 90058
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.
8GF Score

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

$16.22
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