Submerged and low-crested breakwaters are nearshore barriers with an underwater or slightly emergent crest, designed to reduce the energy of wave attacks and, consequently, to protect the coast from erosion and flooding. Their performance in reducing the wave energy can be evaluated by the value of the wave transmission coefficient, which thus requires accurate prediction. In the last few decades, several experimental investigations allowed the development of several formulae to predict this coefficient that agreed well within the given range of validity. In the present study, a comprehensive review of the existing formulae has been reported and the influence of input design variables has been highlighted. Moreover, an extensive set of experimental data has been collected and critically examined and re-analyzed to obtain a homogenous up-to-date database. Special attention has been addressed to the assessment of the reliability of each existing formula for and to evaluate its performance beyond the validity limits for which it was developed.