Frequency Electronics, Inc. (FEIM) Stock

Frequency Electronics, Inc. (FEIM) is a Technology stock trading at $65.69 (as of 2026-08-20), with a market capitalization of $648.37M and a trailing P/E of 33.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Frequency Electronics, Inc. designs, develops, manufactures, and sells precision time and frequency control products and related components. It operates in two segments—FEI-NY, serving satellite and terrestrial communications and U.S. military applications, and FEI-Zyfer, providing navigation and timing products (often using GPS) for radar, airborne SIGINT/COMINT platforms, networks, test equipment, command-and-control terminals, and satellite ground stations.

Understand Frequency Electronics, Inc.: how it makes money

Frequency Electronics makes precision time and frequency control products and components for microwave applications, selling them to customers building or operating communication satellites, terrestrial cellular and ground-based telecommunication stations, and to the United States military.

Near-term revenue momentum depends heavily on order flow, as reflected by the company’s book-to-bill metrics (especially Core New York Operation Book-to-Bill Ratio).

Business quality (Mixed): Quality is mixed based on the order-flow indicators provided, with Core New York showing book-to-bill above 1, while the overall book-to-bill is below 1, suggesting uneven demand across areas.

Valuation: At 100× earnings, FEIM trades 66% above the Measuring & Control Equipment average (60×). Note: one-time items can distort reported P/E.

Bull case

Core New York Operation Book-to-Bill Ratio: The Core New York operation shows a book-to-bill of 1.4, which can indicate incoming orders are exceeding delivered revenue for that operation.
Defense and satellite-related demand channels: The company sells precision time and frequency products and subsystems used in communication satellites and also offers components and systems for the United States military, with Non-Space United States Government and Department of Defense Revenue at 0.01 USD_B.

Bear case

Overall Book-to-Bill Ratio: The Overall Book-to-Bill Ratio is 0.67, which can indicate that, on a whole-company basis, bookings are below what has already been delivered.
Limited visible commercial satellite payload contribution in the provided data: Commercial and United States Government Satellite Payload Revenue is shown as 0.0 USD_B, and Other Commercial and Industrial Revenue is also 0.0 USD_B, which can point to weaker or absent commercial satellite payload and industrial revenue in the latest period.

Valuation — source: SEC EDGAR (first-party)
Price	$65.69
Market Cap	$648.37M
P/E Ratio	33.4
EV / EBITDA	74.3
Price / Book	11.50
Price / Sales	9.71
FCF Yield	-0.9%
DCF Value (model)	$5.08
DCF Upside vs Price	-92.3%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$63.23M
Net Margin	-1.4%
Revenue Growth (YoY)	-9.4%
EPS Growth (YoY)	-103.7%
FCF Growth (YoY)	-51.3%

Financial Health — source: SEC EDGAR
Altman Z-Score	12.33 (safe)

Valuation vs Sector & Industry
Stock P/E	33.4
Sector P/E (Technology)	33.9
Industry P/E (Measuring & Control Equipment)	51.8
vs Sector	-1.5%
vs Industry	-35.6%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	Edenbrook Capital, LLC ($82.93M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Measuring & Control Equipment
CEO	Thomas McClelland
Employees	200
Country	US
IPO Date	1980-06-18

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Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.