RELL
Richardson Electronics, Ltd.
RELL's fundamentals are strong, but it looks expensive: trading at 30x earnings, about twice its usual 16x. Analysts expect strong earnings growth.
RELL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Under pressure | |
| Healthy |
RELL's revenue, profitability and balance sheet are currently healthy, but its cash flow is under pressure.
RELL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.8x | $6.45 | -67% |
| Fair | 16x | $10.71 | -46% |
| Forward | 26x | $19.74 | — |
| Current | 30x | $19.74 | — |
| Expensive | 111x | $73.11 | +270% |
Historical ranges are pointers, not guarantees.
RELL's PE is in its fair range at 30x. If earnings grow as analysts expect, today's price would be 26x next year's earnings.
RELL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
Analysts expect strong earnings and revenue growth for RELL, with profitability improving.
RELL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.75 | +14% |
| Q3 2026 | $0.66 | +3200% |
| Q2 2026 | $0.50 | +$0.59 |
| Q1 2026 | $0.30 | +$0.49 |
| Q4 2025 | $0.06 | +100% |
| Q3 2025 | $0.02 | +$0.09 |
| Q2 2025 | -$0.09 | -$0.08 |
| Q1 2025 | -$0.19 | -158% |
| Q4 2024 | $0.03 | -96% |
RELL's earnings per share have fallen from their peak: $0.66 over the past year, against $2.15 in early 2023.
RELL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $64.9M | +19% |
| Q2 2026 | $66.2M | +28% |
| Q1 2026 | $55.5M | +3.1% |
| Q4 2025 | $52.3M | +5.7% |
| Q3 2025 | $54.6M | +1.6% |
| Q2 2025 | $51.9M | +9.5% |
| Q1 2025 | $53.8M | +2.7% |
| Q4 2024 | $49.5M | +12% |
RELL's revenue has grown year over year for nine quarters in a row: $65M last quarter, up 19% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 7.9% | +6.1 points |
| Q2 2026 | 5.8% | +4.6 points |
| Q1 2026 | 2.7% | +7.8 points |
| Q4 2025 | 0.3% | +1.6 points |
| Q3 2025 | 1.8% | +1.2 points |
| Q2 2025 | 1.2% | +1.5 points |
| Q1 2025 | -5.1% | -7 points |
| Q4 2024 | -1.4% | +3.2 points |
RELL's operating margin was 7.9% last quarter, up 6.1 points from the same quarter a year ago.
RELL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $4.2M | +1121% |
| Q2 2026 | $1.2M | +$1.9M |
| Q1 2026 | -$3.4M | -184% |
| Q4 2025 | -$1.7M | -134% |
| Q3 2025 | $342K | +$856K |
| Q2 2025 | -$745K | -112% |
| Q1 2025 | $4.1M | +$7M |
| Q4 2024 | $4.9M | +$5.7M |
RELL still generates free cash flow, though less than at its 2024 peak: $213,000 over the past year.
RELL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +2.6% | +334K shares |
| 1 year | +3.8% | +480K shares |
| 3 years | +3.9% | +485K shares |
| 5 years | +14% | +1.6M shares |
| Available history | -0.8% | -111K shares |
RELL has 13M diluted shares, up 3.8% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2020 | — |
RELL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -2.6x | Net Cash |
| Q2 2026 | -3.1x | Net Cash |
| Q1 2026 | -4.2x | Net Cash |
| Q4 2025 | -11.7x | Net Cash |
| Q3 2025 | -16.8x | Net Cash |
| Q2 2025 | -23.3x | Net Cash |
| Q1 2025 | -40.0x | Net Cash |
| Q4 2024 | -5.6x | Net Cash |
RELL has more cash than debt.
RELL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 56.9 | Neutral |
| Stochastic | 55.8 | Neutral |
RELL's weekly RSI is 57 (neutral) and its Stochastic is 56 (neutral).
RELL PE vs Technology Sector
| Metric | RELL | Sector median | Relative |
|---|---|---|---|
| PE | 30x | 28x | 7% above |
| PE % | 59 | 35 | 24 pts above |
RELL is trading at 30x earnings, in line with the Technology sector's median of 28x.
RELL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.8 | 5.1% above |
| 20 week MA | $18.2 | 8.3% above |
| 50 week MA | $15.2 | 30% above |
| 100 week MA | $13.0 | 52% above |
| 200 week MA | $13.3 | 49% above |
RELL has climbed back above all five of its weekly moving averages, and it's now 49% above its 200-week average.
RELL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.61 | $4.50 | -20% |
| 2021 | $4.50 | $12.4 | +176% |
| 2022 | $12.4 | $21.5 | +73% |
| 2023 | $21.5 | $13.4 | -38% |
| 2024 | $13.4 | $13.9 | +3.9% |
| 2025 | $13.9 | $10.6 | -23% |
| 2026 YTD | $10.6 | $19.7 | +86% |
RELL is up 86% so far in 2026, after finishing lower in three of the previous six years.