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Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Research Frontiers's share price for the quarter that ended in Jun. 2026 was $0.52. Research Frontiers's Shares Outstanding (EOP) for the quarter that ended in Jun. 2026 was 34.87 Mil. Therefore, Research Frontiers's market cap for the quarter that ended in Jun. 2026 was $18.13 Mil.
Research Frontiers's quarterly market cap
declined
from Dec. 2025 ($44.08 Mil) to Mar. 2026 ($32.08 Mil) and
declined
from Mar. 2026 ($32.08 Mil) to Jun. 2026 ($18.13 Mil).
Research Frontiers's annual market cap
increased
from Dec. 2023 ($33.84 Mil) to Dec. 2024 ($57.54 Mil) but then
declined
from Dec. 2024 ($57.54 Mil) to Dec. 2025 ($44.08 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Research Frontiers's Enterprise Value for Today is $15.09 Mil.
Research Frontiers (NAS:REFR) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Research Frontiers Market Cap Related Terms
Research Frontiers Market Cap Historical Data
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The historical data trend for Research Frontiers's Market Cap 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.
For the Electronic Components subindustry, Research Frontiers's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Hardware Industry
For the Hardware industry and Technology sector, Research Frontiers's Market Cap distribution charts can be found below:
* The bar in red indicates where Research Frontiers's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Research Frontiers's Market Cap for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
Research Frontiers (REFR) has a Market Cap of $15.09 Mil as of Aug. 18, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Research Frontiers and its competitors. According to the industry distribution chart, Research Frontiers ranks #2234 out of 2519 companies in the Hardware industry, placing it in the top 88.7%.
Is Research Frontiers' Market Cap too high?
Research Frontiers' current Market Cap is $15.09 Mil. The Hardware industry median Market Cap is 213.83. Research Frontiers' value of $15.09 Mil is 92.9% below this industry median. Based on the distribution chart, Research Frontiers ranks #2234 out of 2519 companies in the Hardware industry, which is in the bottom quartile relative to peers. 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' Market Cap compare to WETH and NEON?
According to the Hardware industry distribution chart, Research Frontiers ranks #2234 out of 2519 companies for Market Cap. This places Research Frontiers in the lower half of its industry. The industry median Market Cap is 213.83. Research Frontiers' value of $15.09 Mil is 92.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for a Hardware company?
The median Market Cap among Hardware companies is 213.83, based on 2,519 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Research Frontiers's current Market Cap of $15.09 Mil is 92.9% below 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Research Frontiers and its competitors. For the Hardware industry, the median Market Cap is 213.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Research Frontiers's current Market Cap is $15.09 Mil. 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 $0.81, compared to a current price of $0.43 — trading 46.6% below its estimated fair value. The current Market Cap is $15.09 Mil and 92.9% below the Hardware industry median of 213.83. 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 Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Research Frontiers (REFR), the current Market Cap is $15.09 Mil as of Aug. 18, 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 $0.43 is trading 46.6% below its estimated GF Value™ of $0.81.
GuruFocus considers Research Frontiers to be Possible Value Trap.
Key valuation signals for REFR:
Market Cap: $15.09 Mil
GF Value™: $0.81 vs. price of $0.43 (46.6% below fair value)
Industry Position: 92.9% below the Hardware median (#2234 of 2519)
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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