COMP <GO>

BRN vs GBR // EV/EBITDA & P/E VALUATION

Barnwell Industries Inc. (NYSE) VS. New Concept Energy Inc (NYSE) • 15-METRIC TALLY: BRN 4 — GBR 3

■ METRIC PARITY

LAST: $0.88 (-2.78%) • MKT CAP: $12.6M

valuation

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LAST: $0.67 (-0.39%) • MKT CAP: $4.8M

valuation

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (BRN VS. GBR) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	BRN	GBR	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	0.50%	-5.10%	+5.60	BRN	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	0.42%	—	TIE	/fcf-yield <GO>
Operating Margin	0.20%	-60.00%	+60.20	BRN	/operating-margins <GO>
Net Profit Margin	-51.90%	-29.70%	-22.20	GBR	/net-margins <GO>
Revenue Growth (YoY)	-24.20%	6.20%	-30.40	GBR	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	0.80	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	1/9	5/9	-4.00	GBR	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	41.0	36.6	+4.36	BRN	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$12.6M	$4.8M	$7.9M	BRN	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	BRN REV	GBR REV	BRN GROSS %	GBR GROSS %	BRN FCF	GBR FCF
FY 2025	$13.7M	$155.0K	—	—	—	$20.0K
FY 2024	$18.1M	$146.0K	—	—	$4.7M	-$64.0K
FY 2023	$25.3M	$152.0K	—	—	$1.9M	$22.0K

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

BRN // BETA —

GBR // BETA —