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Research FrontiersREFR -2.29%28 3-Year EBITDA Growth Rate is 8.60% as of Jun. 2026, which is 132% above its 10-year median of 3.70. GuruFocus rates REFR with a GF Score™ of 28/100 and a GF Value™ of $0.82 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,025 Hardware companies, Research Frontiers ranks better than 61.43% on this metric.
During the past 3 years, the average EBITDA Per Share Growth Rate was 8.60% per year.
During the past 5 years, the average EBITDA Per Share Growth Rate was 8.60% per year.
During the past 10 years, the average EBITDA Per Share Growth Rate was 12.10% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average EBITDA per share growth rate.
During the past 13 years, the highest 3-Year average EBITDA Per Share Growth Rate of Research Frontiers was 24.50% per year. The lowest was -26.20% per year. And the median was 3.70% per year.
Research Frontiers (NAS:REFR) 3-Year EBITDA Growth Rate Explanation
EBITDA per Share is the amount of Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) per outstanding share of the company's stock.
Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) is what the company earns before it expenses interest, taxes, depreciation and amortization.
Research Frontiers 3-Year EBITDA Growth Rate Related Terms
REFR vs WETH, NEON, MSAI: 3-Year EBITDA Growth Rate Comparison
For the Electronic Components subindustry, Research Frontiers's 3-Year EBITDA Growth Rate, along with its competitors' market caps and 3-Year EBITDA Growth Rate 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.
Research Frontiers 3-Year EBITDA Growth Rate vs Hardware Industry
For the Hardware industry and Technology sector, Research Frontiers's 3-Year EBITDA Growth Rate distribution charts can be found below:
* The bar in red indicates where Research Frontiers's 3-Year EBITDA Growth Rate falls into.
Research Frontiers 3-Year EBITDA Growth Rate Calculation
This is the 3-year average growth rate of EBITDA per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average EBITDA per share growth rate.
What does a 3-Year EBITDA Growth Rate of 8.60% mean?
Research Frontiers (REFR) has a 3-Year EBITDA Growth Rate of 8.60% as of Jun. 2026. 3-Year EBITDA Growth Rate is the 3-year average growth rate of EBITDA per share. View historical data for Research Frontiers and its competitors. This is 132% above median its historical median of 3.70. According to the industry distribution chart, Research Frontiers ranks #781 out of 2025 companies in the Hardware industry, placing it in the top 38.6%.
Is Research Frontiers' 3-Year EBITDA Growth Rate too high?
Research Frontiers' current 3-Year EBITDA Growth Rate of 8.60% is 132% above median its 10-year median of 3.70. The Hardware industry median 3-Year EBITDA Growth Rate is 2.00. Research Frontiers' value of 8.60% is 330% above this industry median. Based on the distribution chart, Research Frontiers ranks #781 out of 2025 companies in the Hardware industry, which is above the industry midpoint. Overall, Research Frontiers has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Research Frontiers' 3-Year EBITDA Growth Rate compare to WETH and NEON?
According to the Hardware industry distribution chart, Research Frontiers ranks #781 out of 2025 companies for 3-Year EBITDA Growth Rate. This puts Research Frontiers in the upper half of its industry. The industry median 3-Year EBITDA Growth Rate is 2.00. Research Frontiers' value of 8.60% is 330% above this benchmark. While the company's 10-year median is 3.70 vs. the industry median of 2.00, Research Frontiers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year EBITDA Growth Rate for a Hardware company?
The median 3-Year EBITDA Growth Rate among Hardware companies is 2.00, based on 2,025 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year EBITDA Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year EBITDA Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Research Frontiers's current 3-Year EBITDA Growth Rate of 8.60% is 330% 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 3-Year EBITDA Growth Rate mean?
A high 3-Year EBITDA Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year EBITDA Growth Rate is the 3-year average growth rate of EBITDA per share. View historical data for Research Frontiers and its competitors. For the Hardware industry, the median 3-Year EBITDA Growth Rate is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Research Frontiers's current 3-Year EBITDA Growth Rate is 8.60%, which is 132% above median its own 10-year median of 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Research Frontiers stock overvalued right now?
Based on GuruFocus' analysis, Research Frontiers (REFR) is currently considered Possible Value Trap. The stock's GF Value™ is $0.82, compared to a current price of $0.39 — trading 52.7% below its estimated fair value. The current 3-Year EBITDA Growth Rate is 8.60%, which is 132% above median its 10-year median of 3.70 and 330% above the Hardware industry median of 2.00. Research Frontiers' overall GF Score™ is 28/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year EBITDA Growth Rate calculated?
3-Year EBITDA Growth Rate is calculated from a company's financial statements. For Research Frontiers (REFR), the current 3-Year EBITDA Growth Rate is 8.60% as of Jun. 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 Research Frontiers (REFR) Overvalued in 2026?
Based on GuruFocus' analysis, Research Frontiers stock appears to be undervalued.
The current stock price of $0.39 is trading 52.7% below its estimated GF Value™ of $0.82.
GuruFocus considers Research Frontiers to be Possible Value Trap.
Key valuation signals for REFR:
3-Year EBITDA Growth Rate: 8.60% (132% above median its 10-year median of 3.70)
GF Value™: $0.82 vs. price of $0.39 (52.7% below fair value)
Industry Position: 330% above the Hardware median (#781 of 2025)
No single metric tells the full story. See the REFR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
28GF Score
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