FORRESTER RESEARCH INC (FORR) Fundamental Analysis & Valuation

NASDAQ:FORR • US3465631097

Current stock price

6.31 USD
+0.08 (+1.28%)
At close:
6.31 USD
0 (0%)
After Hours:

This FORR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

3

1. FORR Profitability Analysis

1.1 Basic Checks

  • In the past year FORR was profitable.
  • In the past year FORR had a positive cash flow from operations.
  • In multiple years FORR reported negative net income over the last 5 years.
  • Of the past 5 years FORR 4 years had a positive operating cash flow.
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 2025 0 50M -50M 100M -100M

1.2 Ratios

  • With a Return On Assets value of -29.54%, FORR is not doing good in the industry: 85.88% of the companies in the same industry are doing better.
  • The Return On Equity of FORR (-94.34%) is worse than 85.88% of its industry peers.
  • FORR's Return On Invested Capital of 4.46% is in line compared to the rest of the industry. FORR outperforms 47.06% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for FORR is significantly below the industry average of 12.34%.
  • The last Return On Invested Capital (4.46%) for FORR is above the 3 year average (4.37%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA -29.54%
ROE -94.34%
ROIC 4.46%
ROA(3y)-10.05%
ROA(5y)-4.58%
ROE(3y)-31.86%
ROE(5y)-14.72%
ROIC(3y)4.37%
ROIC(5y)6.25%
FORR Yearly ROA, ROE, ROICFORR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -20 -40 -60 -80

1.3 Margins

  • Looking at the Operating Margin, with a value of 2.33%, FORR is in line with its industry, outperforming 42.35% of the companies in the same industry.
  • FORR's Operating Margin has declined in the last couple of years.
  • With a decent Gross Margin value of 56.99%, FORR is doing good in the industry, outperforming 76.47% of the companies in the same industry.
  • In the last couple of years the Gross Margin of FORR has remained more or less at the same level.
Industry RankSector Rank
OM 2.33%
PM (TTM) N/A
GM 56.99%
OM growth 3Y-33.15%
OM growth 5Y-13.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.81%
GM growth 5Y-0.93%
FORR Yearly Profit, Operating, Gross MarginsFORR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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3

2. FORR Health Analysis

2.1 Basic Checks

  • FORR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • FORR has more shares outstanding than it did 1 year ago.
  • FORR has about the same amout of shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, FORR has a worse debt to assets ratio.
FORR Yearly Shares OutstandingFORR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 200M 400M 600M

2.2 Solvency

  • Based on the Altman-Z score of 1.42, we must say that FORR is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of FORR (1.42) is worse than 65.88% of its industry peers.
  • FORR has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 1.93
Altman-Z 1.42
ROIC/WACC0.55
WACC8.11%
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 2025 0 50M 100M 150M 200M

2.3 Liquidity

  • A Current Ratio of 0.89 indicates that FORR may have some problems paying its short term obligations.
  • FORR has a Current ratio of 0.89. This is amonst the worse of the industry: FORR underperforms 82.35% of its industry peers.
  • A Quick Ratio of 0.89 indicates that FORR may have some problems paying its short term obligations.
  • FORR has a Quick ratio of 0.89. This is amonst the worse of the industry: FORR underperforms 82.35% of its industry peers.
Industry RankSector Rank
Current Ratio 0.89
Quick Ratio 0.89
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 2025 100M 200M 300M

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

0

3. FORR Growth Analysis

3.1 Past

  • The earnings per share for FORR have decreased strongly by -21.09% in the last year.
  • Measured over the past years, FORR shows a decrease in Earnings Per Share. The EPS has been decreasing by -6.35% on average per year.
  • FORR shows a decrease in Revenue. In the last year, the revenue decreased by -8.23%.
  • The Revenue has been decreasing by -2.44% 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)-8.23%
Revenue growth 3Y-9.63%
Revenue growth 5Y-2.44%
Sales Q2Q%-6.46%

3.2 Future

  • Based on estimates for the next years, FORR will show a very negative growth in Earnings Per Share. The EPS will decrease by -10.71% on average per year.
  • FORR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.35% yearly.
EPS Next Y-32.88%
EPS Next 2Y-10.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year-11.52%
Revenue Next 2Y-5.35%
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
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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6

4. FORR Valuation Analysis

4.1 Price/Earnings Ratio

  • FORR is valuated cheaply with a Price/Earnings ratio of 5.44.
  • Based on the Price/Earnings ratio, FORR is valued cheaply inside the industry as 94.12% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.54, FORR is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 8.10, the valuation of FORR can be described as very reasonable.
  • 91.76% of the companies in the same industry are more expensive than FORR, based on the Price/Forward Earnings ratio.
  • FORR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 21.68.
Industry RankSector Rank
PE 5.44
Fwd PE 8.1
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 89.41% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.69
EV/EBITDA -1.56
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

  • FORR's earnings are expected to decrease with -10.71% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-10.71%
EPS Next 3YN/A

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

0

5. FORR Dividend Analysis

5.1 Amount

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

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FORR Fundamentals: All Metrics, Ratios and Statistics

FORRESTER RESEARCH INC

NASDAQ:FORR (4/29/2026, 4:30:01 PM)

After market: 6.31 0 (0%)

6.31

+0.08 (+1.28%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Industry Strength31.68
Industry Growth52.17
Earnings (Last)02-12
Earnings (Next)05-06
Inst Owners57.47%
Inst Owner Change-0.79%
Ins Owners40.12%
Ins Owner Change0.47%
Market Cap121.03M
Revenue(TTM)396.89M
Net Income(TTM)-119.36M
Analysts45.71
Price Target6.12 (-3.01%)
Short Float %11.71%
Short Ratio9.08
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)-2.4%
Min EPS beat(2)-23.08%
Max EPS beat(2)18.29%
EPS beat(4)2
Avg EPS beat(4)8.97%
Min EPS beat(4)-23.08%
Max EPS beat(4)40.66%
EPS beat(8)3
Avg EPS beat(8)-2.23%
EPS beat(12)6
Avg EPS beat(12)-0.67%
EPS beat(16)10
Avg EPS beat(16)9.01%
Revenue beat(2)0
Avg Revenue beat(2)-5.41%
Min Revenue beat(2)-6.77%
Max Revenue beat(2)-4.05%
Revenue beat(4)0
Avg Revenue beat(4)-3.52%
Min Revenue beat(4)-6.77%
Max Revenue beat(4)-0.44%
Revenue beat(8)0
Avg Revenue beat(8)-2.89%
Revenue beat(12)1
Avg Revenue beat(12)-2.58%
Revenue beat(16)2
Avg Revenue beat(16)-2.24%
PT rev (1m)-50%
PT rev (3m)-50%
EPS NQ rev (1m)176.94%
EPS NQ rev (3m)-17.24%
EPS NY rev (1m)-24.17%
EPS NY rev (3m)-42.61%
Revenue NQ rev (1m)-0.27%
Revenue NQ rev (3m)-10.16%
Revenue NY rev (1m)-4.27%
Revenue NY rev (3m)-10.55%
Valuation
Industry RankSector Rank
PE 5.44
Fwd PE 8.1
P/S 0.3
P/FCF 6.69
P/OCF 5.74
P/B 0.96
P/tB N/A
EV/EBITDA -1.56
EPS(TTM)1.16
EY18.38%
EPS(NY)0.78
Fwd EY12.34%
FCF(TTM)0.94
FCFY14.95%
OCF(TTM)1.1
OCFY17.42%
SpS20.69
BVpS6.6
TBVpS-0.66
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.1215 (107.95%)
Profitability
Industry RankSector Rank
ROA -29.54%
ROE -94.34%
ROCE 5.65%
ROIC 4.46%
ROICexc 20.14%
ROICexgc N/A
OM 2.33%
PM (TTM) N/A
GM 56.99%
FCFM 4.56%
ROA(3y)-10.05%
ROA(5y)-4.58%
ROE(3y)-31.86%
ROE(5y)-14.72%
ROIC(3y)4.37%
ROIC(5y)6.25%
ROICexc(3y)11.28%
ROICexc(5y)12.48%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)5.53%
ROCE(5y)7.91%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y9.4%
ROICexc growth 5Y26.92%
OM growth 3Y-33.15%
OM growth 5Y-13.79%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-0.81%
GM growth 5Y-0.93%
F-Score5
Asset Turnover0.98
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 1.93
Debt/EBITDA 0
Cap/Depr 20.22%
Cap/Sales 0.75%
Interest Coverage 4.14
Cash Conversion 87.74%
Profit Quality N/A
Current Ratio 0.89
Quick Ratio 0.89
Altman-Z 1.42
F-Score5
WACC8.11%
ROIC/WACC0.55
Cap/Depr(3y)22.3%
Cap/Depr(5y)27.18%
Cap/Sales(3y)0.89%
Cap/Sales(5y)1.18%
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 Y-32.88%
EPS Next 2Y-10.71%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-8.23%
Revenue growth 3Y-9.63%
Revenue growth 5Y-2.44%
Sales Q2Q%-6.46%
Revenue Next Year-11.52%
Revenue Next 2Y-5.35%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-35.2%
EBIT growth 3Y-39.59%
EBIT growth 5Y-15.9%
EBIT Next Year-18.06%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y349.19%
FCF growth 3Y-18.72%
FCF growth 5Y-14.19%
OCF growth 1Y646%
OCF growth 3Y-18.82%
OCF growth 5Y-15.1%

FORRESTER RESEARCH INC / FORR Fundamental Analysis FAQ

What is the fundamental rating for FORR stock?

ChartMill assigns a fundamental rating of 3 / 10 to FORR.


What is the valuation status of FORRESTER RESEARCH INC (FORR) stock?

ChartMill assigns a valuation rating of 6 / 10 to FORRESTER RESEARCH INC (FORR). This can be considered as Fairly Valued.


How profitable is FORRESTER RESEARCH INC (FORR) stock?

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


Can you provide the PE and PB ratios for FORR stock?

The Price/Earnings (PE) ratio for FORRESTER RESEARCH INC (FORR) is 5.44 and the Price/Book (PB) ratio is 0.96.


Can you provide the expected EPS growth for FORR stock?

The Earnings per Share (EPS) of FORRESTER RESEARCH INC (FORR) is expected to decline by -32.88% in the next year.