Research Frontiers Incorporated

REFR Technology Electronic Components

Research Frontiers Incorporated’s revenue for fiscal 2025 (year ended December 2025) was $1.1 million, down 16.0% from fiscal 2024.

Revenue
−78.6%
EPS
0.00%
Free cash flow
−208.1%

Quarter to September 2026, against a year earlier

0.36 0.01 −2.70%
Market cap
$12.9M
P/E
0.0×
Fwd P/E
−22.9×
Dividend yield
—
F-score
3/9
Altman Z
−61.46
Beneish M
n/a
Dividend safety
n/a

Research Frontiers Incorporated (REFR) EV/Sales

Alert me on EV/Sales

As of 5 November 2026, Research Frontiers Incorporated (REFR) trades at a EV/Sales of 33.0×. Over the past ten years it has ranged from 8.1× (June 2018) to 198× (February 2021); the current reading is higher than 23% of that period. That is above the Electronic Components industry median of 2.4× and above the Technology sector median of 2.6×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 38.7× (6.53%)
FY2024 41.4× 19.05%
FY2023 34.8× (69.63%)
FY2022 115× 181.53%
FY2021 40.7× (59.72%)
FY2020 101× 88.73%
FY2019 53.5× 112.43%
FY2018 25.2× 63.46%
FY2017 15.4× (51.85%)
FY2016 32.0× (45.46%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 66.7× 156.13%
Jun 2026 26.1× (39.70%)
Mar 2026 43.2× 11.59%
Dec 2025 38.7× (9.26%)
43 more quarters

Against its own ten years

Low 8.1× High 198×
Ten-year median 47.6×
Current reading's percentile 25

EV/Sales against peers

Company EV/Sales
NEON Neonode Inc. compare −4.8×
WETH Wetouch Technology Inc. compare −2.5×
MSAI MultiSensor AI Holdings, Inc. compare −1.9×
DSWL Deswell Industries, Inc. compare −0.2×
OST Ostin Technology Group Co., Ltd. compare 0.1×
GAUZ Gauzy Ltd. compare 0.5×
ELTK Eltek Ltd. compare 0.6×
DAIO Data I/O Corporation compare 1.0×
REFR Research Frontiers Incorporated 33.0×
Electronic Components industry median 2.4×
Technology sector median 2.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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