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Frequency Electronics (FEIM) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Frequency Electronics
NasdaqGM•Technology•Communication Equipment
$60.67+0.78(0.01%)Market closed
Market Cap
$874.84M
P/E
326.6x
P/S
12.0x
P/B
7.3x

Frequency Electronics, Inc., together with its subsidiaries, engages in the design, development, manufacture, marketing, and sale of precision time and frequency control products and components for microwave integrated circuit applications. The company operates through two segments, FEI-NY and FEI-Zyfer. The FEI-NY segment offers precision time and frequency control products for communication satellites, terrestrial cellular telephone or other ground-based telecommunication stations; and other components and systems for the U.S. military, as well as provides designing and technical support for the satellite business. The FEI-Zyfer segment provides global positioning system technologies for systems and subsystems for secure communications, government and commercial, and other locator applications; and engages in the sale and support of wireline telecommunications products, such as US5G. It operates in the United States, Europe, and Asia. Frequency Electronics, Inc. was founded in 1961 and is headquartered in Mitchel Field, New York.

D

How this company scores

WeakMetricSide Score: 37/100

Strongest: Balance Sheet & Red Flags (15/25); weakest: Cash & Earnings Quality (6/25).

Profitability7/25
Growth9/25
Balance Sheet & Red Flags15/25
Cash & Earnings Quality6/25
Strengths
Interest easily coveredNet cash positionImproving margins

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 326.6x5y range 7.0x – 326.6x
P/E 326.6x · above its 11-quarter median

Currently above its 11-quarter median.

P/S · 12.0x5y range 1.2x – 12.0x
P/S 12.0x · above its 20-quarter median

Currently above its 20-quarter median.

P/B · 7.3x5y range 1.2x – 8.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

Operating margins dropped 102.8% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Price & Volume
Market Cap $874.84M

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$72.87M
6%
Q. Revenue
$23.45M
70%
TTM EBITDA
$3.54M
71%
TTM Op. Income
$1.83M
81%
Q. Op. Income
$5.20M
1329%
TTM Net Income
$2.68M
88%
Q. Net Income
$4.22M
565%
EPS
$0.41
486%
Shares Out.
$10.23M
7Q
$72.87M in TTM revenue grew 6.3% YoY, reaching $23.45M last quarter. TTM EBITDA of $3.54M and TTM operating income of $1.83M show growth is flowing through to the bottom line. TTM net income of $2.68M means revenue is converting into profit. Over the past year, TTM revenue is up 6% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin
45.8%
25%
EBITDA Margin
23.4%
287%
Op. Margin
22.2%
741%
Net Margin
18.0%
292%
Op. margin of 22.2% is up 19.5% YoY — cost efficiency is improving. Net margin at 18.0% and gross margin of 45.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 741% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
326.6x
5Q
P/S Ratio
12.0x
220%
P/B Ratio
7.3x
2Q
At 326.6x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 12.0x and P/B of 7.3x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 7 quarters, P/E has risen for 5 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$153.58M
65%
Cash
$61.41M
2Q
Long-Term Debt
N/A
Book Value
$119.84M
113%
D/E Ratio
N/A
Debt/EBITDA
0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$2.62M
2Q
TTM Free Cash Flow
$-184,000
3Q
FCF Margin
-0.3%
3Q
FCF / Net Income
-0.1
50%
TTM FCF of $-184,000 on $2.62M in operating cash flow. The FCF / Net Income ratio of -0.1x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.

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· above its 20-quarter median

Currently above its 20-quarter median.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Share Dilution

Red Flag

Shares outstanding increased 6.7% — significant dilution, likely from stock compensation or capital raises.