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Research Frontiers Incorporated REFR NASDAQ

NASDAQ Capital Marke • Technology • Hardware, Equipment & Parts • US • USD

SharesGrow Score
54/100
4/7 Pass
SharesGrow Intrinsic Value
N/A
Negative cash flow
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Research Frontiers Incorporated (REFR) has a negative trailing P/E of -15.4, meaning the company is currently unprofitable on a trailing twelve-month (TTM) basis. The forward P/E of 45.6 based on analyst estimates suggests a return to profitability is expected. Trailing earnings yield is -6.50%, forward earnings yield 2.19%.

Criteria proven by this page:

  • VALUE (69/100, Pass) — composite valuation score exceeds the 60/100 pass threshold.
  • Forward P/E 45.6 — analysts expect a return to profitability with estimated EPS of $0.02 for FY2030.
  • Trailing Earnings Yield -6.50% — negative yield confirms the company is currently unprofitable. Investors are paying for a turnaround rather than current earnings. Forward yield improves to 2.19% as earnings recover.

Overall SharesGrow Score: 54/100 with 4/7 criteria passed.

SharesGrow 7-Criteria Score
54/100
SG Score
View full scorecard →
VALUE
69/100
Price-to-Earnings & upside
Proven by this page
FUTURE
100/100
Analyst consensus
→ Forecast
PAST
0/100
→ Income
HEALTH
75/100
Debt-to-Equity & liquidity
→ Health
~
MOAT
50/100
→ Income
GROWTH
73/100
→ Income
INCOME
10/100
→ Income

Valuation Snapshot — REFR

Valuation Multiples
P/E (TTM)-15.4
Forward P/E45.6
PEG RatioN/A
Forward PEGN/A
P/B Ratio33.68
P/S Ratio28.96
EV/EBITDA-17.0
Per Share Data
EPS (TTM)$-0.06
Forward EPS (Est.)$0.02
Book Value / Share$0.03
Revenue / Share$0.03
FCF / Share$-0.04
Yields & Fair Value
Earnings Yield-6.50%
Forward Earnings Yield2.19%
Dividend Yield0.00%

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 -10.3 0.00 8.92 35.40 -
2017 -10.4 0.23 9.74 16.57 -
2018 -15.1 0.00 13.06 27.20 -
2019 -23.7 -0.47 12.80 57.76 -
2020 -37.8 0.75 16.61 106.80 -
2021 -29.5 1.37 14.39 43.10 -
2022 -22.9 -0.54 12.77 113.50 -
2023 -17.7 0.56 9.61 37.15 -
2024 -43.7 1.39 22.01 42.92 -
2025 -21.5 -0.39 47.21 39.31 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $-0.18 $1.24M $-4.24M -342.9%
2017 $-0.10 $1.51M $-2.41M -160%
2018 $-0.10 $1.49M $-2.69M -180.4%
2019 $-0.15 $1.56M $-4.47M -285.7%
2020 $-0.07 $828.45K $-2.1M -254%
2021 $-0.06 $1.26M $-1.85M -146.8%
2022 $-0.08 $539.69K $-2.71M -502.8%
2023 $-0.06 $909.6K $-1.91M -209.8%
2024 $-0.04 $1.34M $-1.31M -98.2%
2025 $-0.06 $1.12M $-2.05M -182.4%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $-0.08 $-0.08 – $-0.08 $1.73M $1.73M – $1.73M 1
2027 $-0.07 $-0.07 – $-0.07 $1.79M $1.79M – $1.79M 1
2028 $-0.04 $-0.04 – $-0.04 $2.43M $2.43M – $2.43M 1
2029 $-0.01 $-0.01 – $-0.01 $3.15M $3.15M – $3.15M 1
2030 $0.02 $0.02 – $0.02 $4.03M $4.03M – $4.03M 1
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