Research Frontiers price to sales ratio REFR

Market value divided by revenue over the last twelve months, since 2017.

Today, Oct 23, 2026: 24.6×
10-year median: 49.1×
Against its 10-year history: 15th; percentile: 0 is its lowest day, 100 its highest
10-year range: 9.8× to 154×
Peer median: 2.1×

Research Frontiers' price to sales ratio is 24.6× as of Oct 23, 2026.

That is below its ten-year median of 49.1×, lower than on 85% of days in the last ten years.

Over that time it ranged from 9.8× in Jun 2018 to 154× in Feb 2021.

The median for 4 asset managers of a similar size is 2.1×.

Price to sales ratio over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	24.6×	20.0×	42.2×
2025	37.8×	24.4×	55.1×
2024	37.2×	36.9×	72.9×
2023	46.5×	43.5×	121×
2022	102×	36.9×	131×
2021	46.1×	46.1×	154×
2020	82.2×	35.9×	107×
2019	61.4×	36.8×	100×
2018	27.1×	9.8×	32.7×
2017	16.6×	15.0×	28.4×

Against its peers

Companies in Asset Management nearest Research Frontiers' size, closest first, today.

Company	Price to sales ratio
REFRResearch Frontiers	24.6×
GROWU S Global Investors	3.1×
HNNAHennessy Advisors	2.4×
JYNTJOINT	1.7×
SAMGSilvercrest Asset Management	1.0×
Peer median	2.1×

Where Research Frontiers ranks

#47of 47Asset managers with the lowest price to sales ratio

What the price to sales ratio tells you

Market value divided by revenue over the last twelve months. Useful for companies with little or no profit yet, since sales are harder to make negative than earnings.

Ignores margins entirely. A software company at 10× sales with 30% margins can be cheaper than a grocer at 1× sales with 2% margins.

More on Research Frontiers

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.