Frequency Holdings, Inc. (FRQN) intrinsic value & 10-year financials

Frequency Holdings, Inc. (FRQN) has a Graham intrinsic value of $0.33 per share. At $0.02 on Oct 17, 2026, the stock trades 94% below that value. Over the last 9 fiscal years revenue grew 202.5% a year to $4.8M, with an average return on invested capital of 96.7%.

Graham intrinsic value
$0.33
Share price (Oct 17, 2026)
$0.02
Price vs Graham value
94% below
Market cap
$7.4M
Revenue (FY2024)
$4.8M
Revenue growth (9-yr CAGR)
202.5%
ROIC (10-yr avg)
96.7%
Free cash flow (FY2024)
—

FRQN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $4.8M $4.4M $0.01 — -117.6% -23.8%
FY2023 $3.8M -$22.9M -$0.07 -$777.9K -206.9% 101.0%
FY2022 $0 -$481.4K -$0.00 — — 16.0%
FY2021 $3.5K -$602.5K -$0.00 — -14245.8% 23.9%
FY2020 $57.5K -$192.9K — — -383.0% 10.1%
FY2019 — — — — — —
FY2015 — -$76.1K — — — 587.5%
FY2014 — -$4.6K — — — -38.1%
FY2013 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Frequency Holdings, Inc revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Frequency Holdings, Inc returns on capital have been average, hovering around 13.6% ROIC over the decade.

Frequency Holdings, Inc capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Frequency Holdings, Inc is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.33 per share.

FRQN stock: frequently asked questions

What is the intrinsic value of Frequency Holdings, Inc. (FRQN) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, FRQN's intrinsic value is about $0.33 per share.

Is FRQN stock undervalued?

At $0.02 (close on Oct 17, 2026), FRQN trades 94% below its Graham value of $0.33. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is FRQN's return on invested capital?

Average ROIC over the last 9 fiscal years was 96.7%, and average return on equity was 110.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FRQN data come from?

From Frequency Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Nov 19, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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