AMEX · BRN

Barnwell Industries, Inc.

Energy · Oil & Gas Exploration & Production

$1.02▲ 2.00% ($0.02)at close

After hours$1.02▲ 0.01%7:21 PM ET

52-week

$0.91$1.40

Market cap

$14.68M

P/E

-2.08

Volume

85.71K

Shares outstanding

14.40M

What the market price implies · Reverse DCF

Historical revenue grew by -4.05%/yr over the past 4 years.

Selected forecast · Base scenario

0.8%/yr · actual 10-year annualized revenue growth

Year 1 growth: 0%

Market-implied · Base operating assumptions + edited margins

Unavailable · flat 10-year annualized revenue growth

Reverse DCF solves revenue growth itself using Base operating assumptions and your edited margins. Changing forecast growth alone does not change the implied rate. This is a model-implied requirement, not an analyst forecast.

No supported revenue growth rate matches this price with these operating assumptions.

Valuation

Recommended · Revenue & margin DCF

Price used

$1.02

Estimated value / share

Unavailable

Base scenario

USD · TTM ending 2026-06-30

Every projected year produces negative free cash flow, so the model returns a negative enterprise value. A discounted-cash-flow valuation cannot be defended on those inputs, so it is not shown.

Latest quarterly growth differs materially from the latest annual pace. It remains an observed growth input; review whether acceleration or a change in the business explains it.

Year 1 growth 0% · Ending margin 0% · Discount rate 7.72%

Assumption scenarios, not statistical confidence intervals.

Method, dates & sources

Estimated from future revenue, operating margins, and the investment needed to support them.

Price timestamp: Sep 10, 2026, 8:00 PM UTC
Financial statement period: TTM ending 2026-06-30
Data refreshed: Sep 11, 2026, 4:30 AM UTC · provider

Why this method?

There is not a stable run of positive FCFF to anchor a direct cash-flow CAGR, so the model should start from revenue and margin assumptions instead.

Is FCFF positive and has it been for 3+ consecutive years? Latest FCFF is not positive.

Price vs Fundamentals

Why The Stock Is Moving

Mixed / unclearLow confidence

1Y Price: -11.3%Revenue (TTM): -24.79%FCF (TTM): 3.22%P/E: 0th pct

What changed

The stock fell 11.3% over the last year. Revenue declined 24.79% over the trailing twelve months. Operating margin moved from -33.57% to -46.15%. Free cash flow grew 3.22% over the trailing twelve months.

What the market seems to be pricing

The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.

What would invalidate this read

Operating margin currently stands at -46.15%. A decisive move in revenue — currently down 24.79% — would be the clearest signal to resolve the ambiguity.

Performance

Return analysis

Company profile

Barnwell Industries, Inc., established in 1956 and based in Honolulu, Hawaii, is a diversified company operating across three distinct business areas: oil and natural gas, land investment, and contract drilling.

CEOCraig D. Hopkins

SectorEnergy

IndustryOil & Gas Exploration & Production

Employees17

IPO dateSep 7, 1984

https://www.brninc.com

Market multiples

Forward P/E—

EV/EBITDA-3.38

Enterprise value$10.45M

Stock splits

Nov 15, 2005↑ Forward

Every 1 shares became 3

+200%

Jan 31, 2005↑ Forward

Every 1 shares became 2

+100%

Profitability & growth

Revenue growth5.86%

Gross margin12.96%▲1.0ppvs FY2024

Operating margin-46.15%▼23.8ppvs FY2024

ROE-62.45%▲6.5ppvs FY2025

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Aug 11, 2026

Q4 FY26 · EPS est — · Revenue est —

View