FORRESTER RESEARCH INC (FORR) Stock Fundamental Analysis

NASDAQ:FORR • US3465631097

5.93 USD
-0.05 (-0.84%)
Last: Mar 2, 2026, 09:45 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall FORR gets a fundamental rating of 4 out of 10. We evaluated FORR against 88 industry peers in the Professional Services industry. FORR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FORR has a bad growth rate and is valued cheaply.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year FORR was profitable.
  • FORR had a positive operating cash flow in the past year.
  • In multiple years FORR reported negative net income over the last 5 years.
  • The reported operating cash flow has been mixed in the past 5 years: FORR reported negative operating cash flow in multiple years.
FORR Yearly Net Income VS EBIT VS OCF VS FCFFORR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20M 40M 60M 80M 100M

1.2 Ratios

  • The Return On Assets of FORR (-20.54%) is worse than 81.82% of its industry peers.
  • Looking at the Return On Equity, with a value of -53.94%, FORR is doing worse than 80.68% of the companies in the same industry.
  • FORR has a Return On Invested Capital (4.49%) which is comparable to the rest of the industry.
  • FORR had an Average Return On Invested Capital over the past 3 years of 6.15%. This is significantly below the industry average of 12.74%.
Industry RankSector Rank
ROA -20.54%
ROE -53.94%
ROIC 4.49%
ROA(3y)0.99%
ROA(5y)1.64%
ROE(3y)2.87%
ROE(5y)5.23%
ROIC(3y)6.15%
ROIC(5y)6.29%
FORR Yearly ROA, ROE, ROICFORR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • The Operating Margin of FORR (3.26%) is comparable to the rest of the industry.
  • In the last couple of years the Operating Margin of FORR has grown nicely.
  • The Gross Margin of FORR (57.54%) is better than 76.14% of its industry peers.
  • In the last couple of years the Gross Margin of FORR has remained more or less at the same level.
Industry RankSector Rank
OM 3.26%
PM (TTM) N/A
GM 57.54%
OM growth 3Y-25.12%
OM growth 5Y14.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y0.14%
FORR Yearly Profit, Operating, Gross MarginsFORR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

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4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FORR is destroying value.
  • There is no outstanding debt for FORR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
FORR Yearly Shares OutstandingFORR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
FORR Yearly Total Debt VS Total AssetsFORR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • Based on the Altman-Z score of 1.67, we must say that FORR is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.67, FORR is doing worse than 60.23% of the companies in the same industry.
  • The Debt to FCF ratio of FORR is 1.76, which is an excellent value as it means it would take FORR, only 1.76 years of fcf income to pay off all of its debts.
  • FORR's Debt to FCF ratio of 1.76 is fine compared to the rest of the industry. FORR outperforms 69.32% of its industry peers.
  • FORR has a Debt/Equity ratio of 0.22. This is a healthy value indicating a solid balance between debt and equity.
  • The Debt to Equity ratio of FORR (0.22) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.76
Altman-Z 1.67
ROIC/WACC0.57
WACC7.94%
FORR Yearly LT Debt VS Equity VS FCFFORR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M 100M 150M 200M

2.3 Liquidity

  • FORR has a Current Ratio of 1.06. This is a normal value and indicates that FORR is financially healthy and should not expect problems in meeting its short term obligations.
  • FORR has a Current ratio of 1.06. This is in the lower half of the industry: FORR underperforms 72.73% of its industry peers.
  • A Quick Ratio of 1.06 indicates that FORR should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.06, FORR is doing worse than 72.73% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 1.06
FORR Yearly Current Assets VS Current LiabilitesFORR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

2

3. Growth

3.1 Past

  • The earnings per share for FORR have decreased strongly by -21.09% in the last year.
  • The Earnings Per Share has been decreasing by -6.35% on average over the past years.
EPS 1Y (TTM)-21.09%
EPS 3Y-22.27%
EPS 5Y-6.35%
EPS Q2Q%-52.78%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-6.46%

3.2 Future

  • Based on estimates for the next years, FORR will show a very strong growth in Earnings Per Share. The EPS will grow by 24.40% on average per year.
  • Based on estimates for the next years, FORR will show a decrease in Revenue. The Revenue will decrease by -2.01% on average per year.
EPS Next Y16.95%
EPS Next 2Y24.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-4.47%
Revenue Next 2Y-2.01%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
FORR Yearly Revenue VS EstimatesFORR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 100M 200M 300M 400M 500M
FORR Yearly EPS VS EstimatesFORR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0.5 1 1.5 2

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Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 5.11, the valuation of FORR can be described as very cheap.
  • 92.05% of the companies in the same industry are more expensive than FORR, based on the Price/Earnings ratio.
  • FORR is valuated cheaply when we compare the Price/Earnings ratio to 27.07, which is the current average of the S&P500 Index.
  • A Price/Forward Earnings ratio of 4.37 indicates a rather cheap valuation of FORR.
  • FORR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FORR is cheaper than 95.45% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of FORR to the average of the S&P500 Index (28.05), we can say FORR is valued rather cheaply.
Industry RankSector Rank
PE 5.11
Fwd PE 4.37
FORR Price Earnings VS Forward Price EarningsFORR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FORR indicates a rather cheap valuation: FORR is cheaper than 90.91% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 5.67
EV/EBITDA -1.78
FORR Per share dataFORR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • A more expensive valuation may be justified as FORR's earnings are expected to grow with 24.40% in the coming years.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y24.4%
EPS Next 3YN/A

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • FORR does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

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FORRESTER RESEARCH INC

NASDAQ:FORR (3/2/2026, 9:45:43 AM)

5.93

-0.05 (-0.84%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-12
Earnings (Next)05-04
Inst Owners51.99%
Inst Owner Change7.21%
Ins Owners40.21%
Ins Owner Change0.05%
Market Cap112.67M
Revenue(TTM)N/A
Net Income(TTM)-85.05M
Analysts45.71
Price Target12.24 (106.41%)
Short Float %4.85%
Short Ratio5.11
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)9.14%
Min EPS beat(2)0%
Max EPS beat(2)18.29%
EPS beat(4)3
Avg EPS beat(4)15.44%
Min EPS beat(4)0%
Max EPS beat(4)40.66%
EPS beat(8)4
Avg EPS beat(8)0.66%
EPS beat(12)7
Avg EPS beat(12)4.06%
EPS beat(16)11
Avg EPS beat(16)10.66%
Revenue beat(2)0
Avg Revenue beat(2)-3.6%
Min Revenue beat(2)-6.77%
Max Revenue beat(2)-0.44%
Revenue beat(4)0
Avg Revenue beat(4)-2.59%
Min Revenue beat(4)-6.77%
Max Revenue beat(4)-0.3%
Revenue beat(8)0
Avg Revenue beat(8)-2.45%
Revenue beat(12)1
Avg Revenue beat(12)-2.51%
Revenue beat(16)2
Avg Revenue beat(16)-2.11%
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)1.57%
EPS NQ rev (3m)-1.51%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.91%
Valuation
Industry RankSector Rank
PE 5.11
Fwd PE 4.37
P/S 0.28
P/FCF 5.67
P/OCF 5.02
P/B 0.71
P/tB N/A
EV/EBITDA -1.78
EPS(TTM)1.16
EY19.56%
EPS(NY)1.36
Fwd EY22.88%
FCF(TTM)1.05
FCFY17.65%
OCF(TTM)1.18
OCFY19.94%
SpS21.26
BVpS8.3
TBVpS-0.54
PEG (NY)0.3
PEG (5Y)N/A
Graham Number14.72
Profitability
Industry RankSector Rank
ROA -20.54%
ROE -53.94%
ROCE 5.68%
ROIC 4.49%
ROICexc 10.4%
ROICexgc N/A
OM 3.26%
PM (TTM) N/A
GM 57.54%
FCFM 4.92%
ROA(3y)0.99%
ROA(5y)1.64%
ROE(3y)2.87%
ROE(5y)5.23%
ROIC(3y)6.15%
ROIC(5y)6.29%
ROICexc(3y)9.7%
ROICexc(5y)9.67%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)7.78%
ROCE(5y)7.96%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y-23.98%
ROICexc growth 5Y23.19%
OM growth 3Y-25.12%
OM growth 5Y14.36%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.78%
GM growth 5Y0.14%
F-Score6
Asset Turnover0.98
Health
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.76
Debt/EBITDA 1.24
Cap/Depr 17.18%
Cap/Sales 0.64%
Interest Coverage 5.29
Cash Conversion 79.64%
Profit Quality N/A
Current Ratio 1.06
Quick Ratio 1.06
Altman-Z 1.67
F-Score6
WACC7.94%
ROIC/WACC0.57
Cap/Depr(3y)24.01%
Cap/Depr(5y)29.15%
Cap/Sales(3y)1%
Cap/Sales(5y)1.43%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-21.09%
EPS 3Y-22.27%
EPS 5Y-6.35%
EPS Q2Q%-52.78%
EPS Next Y16.95%
EPS Next 2Y24.4%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-6.46%
Revenue Next Year-4.47%
Revenue Next 2Y-2.01%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y26.72%
EBIT growth 3Y-28.38%
EBIT growth 5Y12.87%
EBIT Next Year-0.34%
EBIT Next 3Y-1.77%
EBIT Next 5YN/A
FCF growth 1Y231.38%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y97.04%
OCF growth 3YN/A
OCF growth 5YN/A

FORRESTER RESEARCH INC / FORR FAQ

What is the fundamental rating for FORR stock?

ChartMill assigns a fundamental rating of 4 / 10 to FORR.


Can you provide the valuation status for FORRESTER RESEARCH INC?

ChartMill assigns a valuation rating of 8 / 10 to FORRESTER RESEARCH INC (FORR). This can be considered as Undervalued.


Can you provide the profitability details for FORRESTER RESEARCH INC?

FORRESTER RESEARCH INC (FORR) has a profitability rating of 3 / 10.


What is the financial health of FORRESTER RESEARCH INC (FORR) stock?

The financial health rating of FORRESTER RESEARCH INC (FORR) is 4 / 10.


Can you provide the expected EPS growth for FORR stock?

The Earnings per Share (EPS) of FORRESTER RESEARCH INC (FORR) is expected to grow by 16.95% in the next year.