FORRESTER RESEARCH INC (FORR) Stock Fundamental Analysis
NASDAQ:FORR • US3465631097
6.14 USD
+0.26 (+4.42%)
At close: Feb 20, 2026
6.14 USD
0 (0%)
After Hours: 2/20/2026, 8:00:01 PM
Overall FORR gets a fundamental rating of 4 out of 10. We evaluated FORR against 88 industry peers in the Professional Services industry. While FORR seems to be doing ok healthwise, there are quite some concerns on its profitability. FORR is cheap, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
- In the past year FORR was profitable.
- In the past year FORR had a positive cash flow from operations.
- The reported net income has been mixed in the past 5 years: FORR reported negative net income in multiple years.
- The reported operating cash flow has been mixed in the past 5 years: FORR reported negative operating cash flow in multiple years.
1.2 Ratios
- FORR's Return On Assets of -20.54% is on the low side compared to the rest of the industry. FORR is outperformed by 81.82% of its industry peers.
- With a Return On Equity value of -53.94%, FORR is not doing good in the industry: 80.68% of the companies in the same industry are doing better.
- With a Return On Invested Capital value of 4.49%, FORR perfoms like the industry average, outperforming 45.45% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital for FORR is significantly below the industry average of 12.55%.
| Industry Rank | Sector 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%
1.3 Margins
- FORR has a Operating Margin (3.26%) which is comparable to the rest of the industry.
- In the last couple of years the Operating Margin of FORR has grown nicely.
- FORR has a Gross Margin of 57.54%. This is in the better half of the industry: FORR outperforms 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 Rank | Sector 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%
2. Health
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 no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
- FORR has an Altman-Z score of 1.67. This is a bad value and indicates that FORR is not financially healthy and even has some risk of bankruptcy.
- FORR has a worse Altman-Z score (1.67) than 60.23% of its industry peers.
- FORR has a debt to FCF ratio of 1.76. This is a very positive value and a sign of high solvency as it would only need 1.76 years to pay back of all of its debts.
- FORR has a better Debt to FCF ratio (1.76) than 70.45% 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.
- FORR's Debt to Equity ratio of 0.22 is in line compared to the rest of the industry. FORR outperforms 56.82% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.22 | ||
| Debt/FCF | 1.76 | ||
| Altman-Z | 1.67 |
ROIC/WACC0.55
WACC8.1%
2.3 Liquidity
- A Current Ratio of 1.06 indicates that FORR should not have too much problems paying its short term obligations.
- FORR's Current ratio of 1.06 is on the low side compared to the rest of the industry. FORR is outperformed by 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.06 | ||
| Quick Ratio | 1.06 |
3. Growth
3.1 Past
- FORR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -21.09%.
- FORR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.35% yearly.
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
- The Earnings Per Share is expected to grow by 24.40% on average over the next years. This is a very strong growth
- FORR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.01% yearly.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- Based on the Price/Earnings ratio of 5.29, the valuation of FORR can be described as very cheap.
- Based on the Price/Earnings ratio, FORR is valued cheaply inside the industry as 92.05% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 26.99. FORR is valued rather cheaply when compared to this.
- FORR is valuated cheaply with a Price/Forward Earnings ratio of 4.53.
- Based on the Price/Forward Earnings ratio, FORR is valued cheaper than 95.45% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 28.06. FORR is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.29 | ||
| Fwd PE | 4.53 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 5.87 | ||
| EV/EBITDA | -1.85 |
4.3 Compensation for Growth
- FORR's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- FORR's earnings are expected to grow with 24.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.31
PEG (5Y)N/A
EPS Next 2Y24.4%
EPS Next 3YN/A
5. Dividend
5.1 Amount
- FORR does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
6.14
+0.26 (+4.42%)
Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-12 2026-02-12/amc
Earnings (Next)05-04 2026-05-04
Inst Owners51.99%
Inst Owner Change6.72%
Ins Owners40.21%
Ins Owner Change0.05%
Market Cap116.66M
Revenue(TTM)N/A
Net Income(TTM)-85.05M
Analysts45.71
Price Target12.24 (99.35%)
Short Float %4.85%
Short Ratio5.11
Dividend
| Industry Rank | Sector 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)-3.7%
EPS NY rev (1m)0%
EPS NY rev (3m)-3.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.91%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 5.29 | ||
| Fwd PE | 4.53 | ||
| P/S | 0.29 | ||
| P/FCF | 5.87 | ||
| P/OCF | 5.19 | ||
| P/B | 0.74 | ||
| P/tB | N/A | ||
| EV/EBITDA | -1.85 |
EPS(TTM)1.16
EY18.89%
EPS(NY)1.36
Fwd EY22.09%
FCF(TTM)1.05
FCFY17.04%
OCF(TTM)1.18
OCFY19.26%
SpS21.26
BVpS8.3
TBVpS-0.54
PEG (NY)0.31
PEG (5Y)N/A
Graham Number14.72
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC8.1%
ROIC/WACC0.55
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 3Y11.64%
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.