ClearSign Technologies Corp. (CLIR) intrinsic value & 10-year financials
ClearSign Technologies Corp. (CLIR) has a Graham intrinsic value of $91.70 per share. At $2.40 on Oct 17, 2026, the stock trades 97% below that value. Over the last 10 fiscal years revenue grew 26.7% a year to $5.2M, with an average return on invested capital of -332.1%.
- Graham intrinsic value
- $91.70
- Share price (Oct 17, 2026)
- $2.40
- Price vs Graham value
- 97% below
- Market cap
- $13.3M
- Revenue (FY2025)
- $5.2M
- Revenue growth (10-yr CAGR)
- 26.7%
- ROIC (10-yr avg)
- -332.1%
- Free cash flow (FY2025)
- -$4.7M
CLIR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.2M | -$5.5M | -$0.99 | -$4.7M | -127.5% | -5111.9% |
| FY2024 | $3.6M | -$5.3M | -$0.11 | -$4.4M | -180.4% | 2714.6% |
| FY2023 | $2.4M | -$5.2M | -$0.13 | — | -248.9% | -397.8% |
| FY2022 | $374.0K | -$5.8M | -$0.16 | -$5.0M | -1635.6% | -281.1% |
| FY2021 | $607.0K | -$7.9M | -$0.25 | -$6.8M | -1341.8% | -726.9% |
| FY2020 | $0 | -$6.9M | — | -$6.0M | — | -597.3% |
| FY2019 | $0 | -$8.5M | — | -$6.9M | — | -185.5% |
| FY2018 | $530.0K | -$9.5M | — | -$8.5M | -1805.8% | -118.0% |
| FY2017 | $540.0K | -$9.7M | — | -$8.4M | -1798.5% | -414.0% |
| FY2016 | $621.0K | $40.3M | — | -$8.8M | -1804.3% | 1797.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ClearSign Technologies Corp is a consistent compounder, expanding top-line revenue at 26.7% annually over the past decade.
ClearSign Technologies Corp has historically struggled to out-earn its cost of capital, averaging just -15.0% ROIC.
Over the decade, ClearSign Technologies Corp shows that management has aggressively returned capital to shareholders by retiring 62.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ClearSign Technologies Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $91.70 per share.