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Lightwave Logic Inc (LWLG) fair value: what the stock is really worth

As of Nov 13, 2026: fair value (intrinsic value) of Lightwave Logic Inc stock $1.46, price $3.21, that is 54.5% below the price, quality 31 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials US · ISIN US5322751042

LL Lightwave Logic Inc logo Thin data Nov 14, 2026

Lightwave Logic Inc

LWLG · US

Far too expensive (fair value 55% below the price), weak company and falling price: meets none of the 3 rules.

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Low debt 
Revenue last quarter +28% vs. a year ago. 
Mixed Growth (revenue 3y +105.6 %/yr in USD) 
Insiders sold $3,936 (6M) 
Fair value $1.46 · Strongly overvalued 
Quality 31/100 
Falling price (downtrend) 
Negative free cash flow 
Trails peers (2/7) 
Narrow moat 12/100 · thin data
Thin data 
⟳ CyclicalEstimate
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

$19.56 $0.8301 Fair Value $1.46 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 14, 2026.

How to read this chart

60‑month range $0.8301 – $19.56 · fair‑value band $1.10 – $1.83 · the $3.21 price screens above the $1.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 14, 2026.

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Company profile

Lightwave Logic, Inc. focuses on the development and commercialization of electro-optic polymer materials for data communications and other photonic application in the United States and internationally.

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The company sells electro-optic (EO) polymer materials for integration into silicon photonics and other photonic integrated circuit platforms under the Perkinamine name. It is also involved in intellectual property licensing; and royalty activities.

The company serves semiconductor foundries, silicon photonics device designers, and optical module manufacturers, as well as system integrators serving artificial intelligence, cloud computing, data center, and telecommunications markets.

The company was formerly known as Third-order Nanotechnologies, Inc. and changed its name to Lightwave Logic, Inc. in March 2008. Lightwave Logic, Inc. was founded in 1991 and is headquartered in Englewood, Colorado.

Stock analysis

Lightwave Logic Inc (LWLG) currently trades at $3.21, while our estimate is $1.46, 55% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $1.10 (bear) to $1.83 (bull), the price of $3.21 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 31/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Lightwave Logic Inc reported revenue of $237K in FY2025 versus $0 in FY2021. Reported net income was −$20.3M in FY2025.

Key figures

Market cap $493M Small · EPS (TTM) $−0.1700 · Return on equity −35.4% · Return on assets (EBIT) −51.7% (5-year average) · Operating margin −10,021% · Revenue (TTM) $250K · Revenue growth (YoY) +27.9% · Free cash flow −$15.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 82% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −42% fair-value upside, at −55%, LWLG screens richer than that median.

Fair Value

Bear $1.10 Fair Value $1.46 Bull $1.83
Price $3.21 · Downside -54.5%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 31/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 70
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 5
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director sold shares worth $3,936 and none bought.

  • SaleSnizhana P. QuanPrincipal Financial Officer3× since Mar 30, 2026: 45,345 shares, avg. $8.66$392,886Jun 1, 2026
  • SaleSiraj Nour El-AhmadiDirector3× since Dec 31, 2025: 129,387 shares, avg. $5.16$667,425Apr 7, 2026
  • SaleThomas M Connelly JrDirector2× since Jan 2, 2026: 16,600 shares, avg. $6.11$101,380Apr 6, 2026
  • SaleCraig CieslaDirector11,000 shares at $6.81$74,910Apr 1, 2026
  • SaleLaila PartridgeDirector2× since Dec 31, 2025: 21,000 shares, avg. $5.35$112,440Apr 1, 2026
  • SaleRonald A BucchiDirector11,000 shares at $6.92$76,120Apr 1, 2026

Plus 9 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 13, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+147.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+105.6%
Revenue growth 15 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+33.2%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−116,027.2% (2010) → −8,765.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

LWLG screens overvalued: fair value 55% below the price. Compare with Linde plc →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 756 stocks

Beats the industry median on 1/5 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −54.5% · Bottom 25%
Profitability
Return on assets −24.9% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 27.9% · Top 25%

Valuation Multiplesvs Specialty Chemicals median · lower = cheaper

P/B 6.60× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 4
FUTURE (revenue growth)100 · sector 67
PAST (return on equity)0 · sector 26
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 31

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Specialty Chemicals stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Wanhua Chemical Group 600309 ¥68.09 ¥68.03 +0% vs LWLG
Linde plc LIN $526.06 $446.62 −15% vs LWLG
PPG Industries, Inc PPG $122.56 $77.68 −37% vs LWLG
DSM-Firmenich AG DSFIR CHF 97.75 CHF 58.28 −40% vs LWLG
Asian Paints Limited ASIANPAINT ₹2,550 ₹1,479 −42% vs LWLG
The Sherwin-Williams Company SHW $349.89 $152.59 −56% vs LWLG
Givaudan SA GIVN CHF 4,090 CHF 1,629 −60% vs LWLG
EMS-CHEMIE HOLDING AG EMSN CHF 846.50 CHF 284.63 −66% vs LWLG
Ecolab Inc ECL $309.27 $97.18 −69% vs LWLG
Air Products and Chemicals, Inc APD $316.53 $75.33 −76% vs LWLG

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Lightwave Logic Inc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Lightwave Logic Inc Fair Value". https://www.fairvalue-calculator.com/stock/LWLG

Frequently asked questions

Is Lightwave Logic Inc (LWLG) overvalued or undervalued?
As of Nov 14, 2026, our estimate of fair value is $1.46 versus a price of $3.21, about 55% lower (overvalued).
What is the fair value of LWLG?
Our estimate for Lightwave Logic Inc is $1.46 (as of Nov 14, 2026), built from audited fundamentals. The current price: $3.21.
What is the quality score of LWLG?
Lightwave Logic Inc has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lightwave Logic Inc (LWLG)?
Our calculated price target is the estimate of $1.46 (as of Nov 14, 2026). Cautious scenario $1.10, optimistic scenario $1.83. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Lightwave Logic Inc stock forecast for 2026?
Our estimate puts fair value at $1.46, about 55% lower versus a price of $3.21 (overvalued). Cautious scenario $1.10, optimistic scenario $1.83. The calculation is refreshed regularly with new filings.
What is the revenue of Lightwave Logic Inc (LWLG)?
Lightwave Logic Inc reported trailing-twelve-month revenue of about $250K (latest available figure, as of Nov 14, 2026).
What is the intrinsic value of Lightwave Logic Inc (LWLG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lightwave Logic Inc it is $1.46 per share (as of Nov 14, 2026), against a price of $3.21.
Is Lightwave Logic Inc stock overvalued or undervalued in 2026?
As of Nov 14, 2026, LWLG trades above its calculated fair value: price $3.21, fair value $1.46, a gap of about −55% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LWLG?
No. The price is what the market pays today ($3.21); the fair value is what the company's own numbers justify ($1.46). For Lightwave Logic Inc the two are $1.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lightwave Logic Inc worth?
The market values Lightwave Logic Inc at about $493M (market capitalisation, as of Nov 14, 2026). Per share that is $3.21; our models calculate a fair value of $1.46 per share.
What do the bullish and bearish scenarios say about LWLG?
Our models span a range for Lightwave Logic Inc: cautious scenario $1.10, base $1.46, optimistic $1.83 per share (as of Nov 14, 2026, price $3.21). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lightwave Logic Inc (LWLG)?
Balance-sheet figures for Lightwave Logic Inc (as of Nov 14, 2026): return on equity −35.4%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is LWLG from its 52-week high?
Lightwave Logic Inc trades at $3.21, about 82% below its 52-week high of $18.22 and 8% above the low of $2.97 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of $1.46 is for.
Which stocks are comparable to Lightwave Logic Inc?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lightwave Logic Inc stock attractive at the current price?
The data as of Nov 14, 2026: price $3.21, calculated fair value $1.46 (−55%), Quality Score 31/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Lightwave Logic Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lightwave Logic Inc (LWLG)?
The closing price on Nov 13, 2026 was $3.21. Our estimate is $1.46, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lightwave Logic Inc right now?
The price sits above even our optimistic bull case ($1.83). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Lightwave Logic Inc

How large is the market capitalisation of Lightwave Logic Inc (LWLG)?
The market capitalisation of Lightwave Logic Inc is $493M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Lightwave Logic Inc (LWLG)?
Earnings per share at Lightwave Logic Inc are $−0.1700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Lightwave Logic Inc (LWLG)?
The return on equity (ROE) of Lightwave Logic Inc is −35.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lightwave Logic Inc (LWLG)?
On an EBIT basis the return on assets of Lightwave Logic Inc is −51.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lightwave Logic Inc (LWLG)?
The operating margin of Lightwave Logic Inc is −10,021% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lightwave Logic Inc (LWLG)?
Revenue at Lightwave Logic Inc is growing +27.9% versus a year earlier (3y avg +106%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Lightwave Logic Inc (LWLG) generate?
The free cash flow of Lightwave Logic Inc is −$15.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Lightwave Logic Inc (LWLG) hold?
Lightwave Logic Inc holds more cash than debt, $66.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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