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Research Frontiers Valuation Multiples
Discover revenue and EBITDA valuation multiples for Research Frontiers and similar public comparables like Beam Global, Malmbergs Elektriska, Keytronic, Neonode and more.
Research Frontiers Overview
About Research Frontiers
Research Frontiers Inc is engaged in the development and marketing of technology and devices to control the flow of light. The company develops and licenses its patented suspended particle device light-control technology to other companies that manufacture and market the SPD-Smart chemical emulsion, the light-control film made from the chemical emulsion, the light-control panels made by laminating the film, electronics to power end-products incorporating the film, or lamination services for, and the end-products. The company's revenue source comes from the licensing of technology.
Founded
1965
HQ
Employees
6
Website
Sectors
Financials (FY)
EV
$33M
Research Frontiers Financials
Research Frontiers reported last fiscal year revenue of $1M and negative EBITDA of ($1M).
In the same fiscal year, Research Frontiers generated ($1M) in EBITDA losses and had net loss of ($1M).
Revenue (LTM)
Research Frontiers P&L
In the most recent fiscal year, Research Frontiers reported revenue of $1M and EBITDA of ($1M).
Research Frontiers expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $1M | XXX | XXX | XXX |
| EBITDA | — | XXX | ($1M) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (88%) | XXX | XXX | XXX |
| EBIT Margin | — | XXX | (108%) | XXX | XXX | XXX |
| Net Profit | — | XXX | ($1M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (98%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Research Frontiers Stock Performance
Research Frontiers has current market cap of $32M, and enterprise value of $33M.
Market Cap Evolution
Research Frontiers' stock price is $0.93.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $33M | $32M | 0.0% | XXX | XXX | XXX | $-0.04 |
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Research Frontiers trades at 24.6x EV/Revenue multiple, and (27.9x) EV/EBITDA.
EV / Revenue (LTM)
Research Frontiers Financial Valuation Multiples
As of April 19, 2026, Research Frontiers has market cap of $32M and EV of $33M.
Equity research analysts estimate Research Frontiers' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Research Frontiers has a P/E ratio of (24.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $32M | XXX | $32M | XXX | XXX | XXX |
| EV (current) | $33M | XXX | $33M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 24.6x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | (27.9x) | XXX | XXX | XXX |
| EV/EBIT | — | XXX | (22.8x) | XXX | XXX | XXX |
| P/E | — | XXX | (24.6x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (41.5x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Research Frontiers Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Research Frontiers Margins & Growth Rates
Research Frontiers' revenue in the last fiscal year grew by 47%.
Research Frontiers' revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.5M for the same period.
Research Frontiers Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 47% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | (88%) | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (37%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.5M | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 43% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 208% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Research Frontiers Public Comps
See public comps and valuation multiples for other Electronic Components comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Research Frontiers | XXX | XXX | XXX | XXX | XXX | XXX |
| Beam Global | XXX | XXX | XXX | XXX | XXX | XXX |
| Malmbergs Elektriska | XXX | XXX | XXX | XXX | XXX | XXX |
| Keytronic | XXX | XXX | XXX | XXX | XXX | XXX |
| Neonode | XXX | XXX | XXX | XXX | XXX | XXX |
| Logic Instrument | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Research Frontiers M&A Activity
Research Frontiers acquired XXX companies to date.
Last acquisition by Research Frontiers was on XXXXXXXX, XXXXX. Research Frontiers acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Research Frontiers
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialResearch Frontiers Investment Activity
Research Frontiers invested in XXX companies to date.
Research Frontiers made its latest investment on XXXXXXXX, XXXXX. Research Frontiers invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Research Frontiers
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Research Frontiers
| When was Research Frontiers founded? | Research Frontiers was founded in 1965. |
| Where is Research Frontiers headquartered? | Research Frontiers is headquartered in United States. |
| How many employees does Research Frontiers have? | As of today, Research Frontiers has over 6 employees. |
| Who is the CEO of Research Frontiers? | Research Frontiers' CEO is Joseph M. Harary. |
| Is Research Frontiers publicly listed? | Yes, Research Frontiers is a public company listed on Nasdaq. |
| What is the stock symbol of Research Frontiers? | Research Frontiers trades under REFR ticker. |
| When did Research Frontiers go public? | Research Frontiers went public in 1986. |
| Who are competitors of Research Frontiers? | Research Frontiers main competitors are Beam Global, Malmbergs Elektriska, Keytronic, Neonode. |
| What is the current market cap of Research Frontiers? | Research Frontiers' current market cap is $32M. |
| What is the current revenue of Research Frontiers? | Research Frontiers' last fiscal year revenue is $1M. |
| What is the current EV/Revenue multiple of Research Frontiers? | Current revenue multiple of Research Frontiers is 24.6x. |
| Is Research Frontiers profitable? | No, Research Frontiers is not profitable. |
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