Logo image of FOR

FORESTAR GROUP INC (FOR) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:FOR - US3462321015 - Common Stock

24.59 USD
+1.37 (+5.9%)
Last: 11/21/2025, 8:04:00 PM
24.6 USD
+0.01 (+0.04%)
After Hours: 11/21/2025, 8:04:00 PM
Fundamental Rating

4

FOR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 64 industry peers in the Real Estate Management & Development industry. While FOR has a great profitability rating, there are quite some concerns on its financial health. FOR has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

Quickly go to:

7

1. Profitability

1.1 Basic Checks

FOR had positive earnings in the past year.
FOR had a negative operating cash flow in the past year.
Each year in the past 5 years FOR has been profitable.
The reported operating cash flow has been mixed in the past 5 years: FOR reported negative operating cash flow in multiple years.
FOR Yearly Net Income VS EBIT VS OCF VS FCFFOR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M

1.2 Ratios

With an excellent Return On Assets value of 5.21%, FOR belongs to the best of the industry, outperforming 90.63% of the companies in the same industry.
The Return On Equity of FOR (9.68%) is better than 82.81% of its industry peers.
With a decent Return On Invested Capital value of 6.00%, FOR is doing good in the industry, outperforming 78.13% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FOR is in line with the industry average of 6.42%.
Industry RankSector Rank
ROA 5.21%
ROE 9.68%
ROIC 6%
ROA(3y)6.42%
ROA(5y)6.43%
ROE(3y)11.48%
ROE(5y)12.05%
ROIC(3y)7.27%
ROIC(5y)7.56%
FOR Yearly ROA, ROE, ROICFOR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30 -40

1.3 Margins

FOR has a better Profit Margin (10.54%) than 79.69% of its industry peers.
FOR's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 13.54%, FOR belongs to the top of the industry, outperforming 82.81% of the companies in the same industry.
FOR's Operating Margin has improved in the last couple of years.
FOR's Gross Margin of 22.86% is in line compared to the rest of the industry. FOR outperforms 50.00% of its industry peers.
In the last couple of years the Gross Margin of FOR has grown nicely.
Industry RankSector Rank
OM 13.54%
PM (TTM) 10.54%
GM 22.86%
OM growth 3Y-6.56%
OM growth 5Y10.11%
PM growth 3Y-4.97%
PM growth 5Y9.13%
GM growth 3Y0.44%
GM growth 5Y11.52%
FOR Yearly Profit, Operating, Gross MarginsFOR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50

More info and screens

1

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FOR is destroying value.
The number of shares outstanding for FOR has been increased compared to 1 year ago.
Compared to 5 years ago, FOR has more shares outstanding
The debt/assets ratio for FOR is higher compared to a year ago.
FOR Yearly Shares OutstandingFOR Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10M 20M 30M 40M 50M
FOR Yearly Total Debt VS Total AssetsFOR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

FOR has an Altman-Z score of 1.58. This is a bad value and indicates that FOR is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.58, FOR perfoms like the industry average, outperforming 51.56% of the companies in the same industry.
FOR has a Debt/Equity ratio of 0.52. This is a neutral value indicating FOR is somewhat dependend on debt financing.
The Debt to Equity ratio of FOR (0.52) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF N/A
Altman-Z 1.58
ROIC/WACC0.77
WACC7.77%
FOR Yearly LT Debt VS Equity VS FCFFOR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

A Current Ratio of 0.51 indicates that FOR may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.51, FOR is doing worse than 82.81% of the companies in the same industry.
A Quick Ratio of 0.51 indicates that FOR may have some problems paying its short term obligations.
The Quick ratio of FOR (0.51) is worse than 79.69% of its industry peers.
Industry RankSector Rank
Current Ratio 0.51
Quick Ratio 0.51
FOR Yearly Current Assets VS Current LiabilitesFOR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

More info and screens

5

3. Growth

3.1 Past

FOR shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -15.99%.
The Earnings Per Share has been growing by 22.29% on average over the past years. This is a very strong growth
Looking at the last year, FOR shows a quite strong growth in Revenue. The Revenue has grown by 10.13% in the last year.
FOR shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.27% yearly.
EPS 1Y (TTM)-15.99%
EPS 3Y-3.21%
EPS 5Y22.29%
EPS Q2Q%6.25%
Revenue 1Y (TTM)10.13%
Revenue growth 3Y3.05%
Revenue growth 5Y12.27%
Sales Q2Q%21.6%

3.2 Future

FOR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.75% yearly.
The Revenue is expected to grow by 8.29% on average over the next years. This is quite good.
EPS Next Y-7.04%
EPS Next 2Y5.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year7.61%
Revenue Next 2Y8.29%
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.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
FOR Yearly Revenue VS EstimatesFOR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 500M 1B 1.5B
FOR Yearly EPS VS EstimatesFOR Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 1 2 3

More info and screens

6

4. Valuation

4.1 Price/Earnings Ratio

FOR is valuated cheaply with a Price/Earnings ratio of 7.43.
93.75% of the companies in the same industry are more expensive than FOR, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 25.47, FOR is valued rather cheaply.
FOR is valuated cheaply with a Price/Forward Earnings ratio of 7.99.
Based on the Price/Forward Earnings ratio, FOR is valued cheaply inside the industry as 98.44% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of FOR to the average of the S&P500 Index (34.42), we can say FOR is valued rather cheaply.
Industry RankSector Rank
PE 7.43
Fwd PE 7.99
FOR Price Earnings VS Forward Price EarningsFOR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

92.19% of the companies in the same industry are more expensive than FOR, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 9.11
FOR Per share dataFOR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30

4.3 Compensation for Growth

FOR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.33
EPS Next 2Y5.75%
EPS Next 3YN/A

More info and screens

0

5. Dividend

5.1 Amount

No dividends for FOR!.
Industry RankSector Rank
Dividend Yield N/A

More info and screens

FORESTAR GROUP INC

NYSE:FOR (11/21/2025, 8:04:00 PM)

After market: 24.6 +0.01 (+0.04%)

24.59

+1.37 (+5.9%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)10-28 2025-10-28/bmo
Earnings (Next)01-19 2026-01-19
Inst Owners36.48%
Inst Owner Change2.8%
Ins Owners0.45%
Ins Owner Change-0.91%
Market Cap1.25B
Revenue(TTM)1.66B
Net Income(TTM)162.60M
Analysts82.5
Price Target33.15 (34.81%)
Short Float %3.52%
Short Ratio5.2
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-16.41%
Min EPS beat(2)-19.97%
Max EPS beat(2)-12.84%
EPS beat(4)1
Avg EPS beat(4)-16.63%
Min EPS beat(4)-54.74%
Max EPS beat(4)21.02%
EPS beat(8)4
Avg EPS beat(8)4.45%
EPS beat(12)7
Avg EPS beat(12)19.73%
EPS beat(16)10
Avg EPS beat(16)19.15%
Revenue beat(2)0
Avg Revenue beat(2)-4.73%
Min Revenue beat(2)-8.45%
Max Revenue beat(2)-1.01%
Revenue beat(4)1
Avg Revenue beat(4)-6.42%
Min Revenue beat(4)-24.59%
Max Revenue beat(4)8.37%
Revenue beat(8)4
Avg Revenue beat(8)0.81%
Revenue beat(12)7
Avg Revenue beat(12)6.45%
Revenue beat(16)10
Avg Revenue beat(16)4.73%
PT rev (1m)3.72%
PT rev (3m)3.72%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.98%
EPS NY rev (3m)-0.98%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)-0.36%
Revenue NY rev (3m)-0.36%
Valuation
Industry RankSector Rank
PE 7.43
Fwd PE 7.99
P/S 0.81
P/FCF N/A
P/OCF N/A
P/B 0.74
P/tB 0.74
EV/EBITDA 9.11
EPS(TTM)3.31
EY13.46%
EPS(NY)3.08
Fwd EY12.51%
FCF(TTM)-6.63
FCFYN/A
OCF(TTM)-6.59
OCFYN/A
SpS30.36
BVpS33.04
TBVpS33.04
PEG (NY)N/A
PEG (5Y)0.33
Graham Number49.6
Profitability
Industry RankSector Rank
ROA 5.21%
ROE 9.68%
ROCE 7.9%
ROIC 6%
ROICexc 6.46%
ROICexgc 6.56%
OM 13.54%
PM (TTM) 10.54%
GM 22.86%
FCFM N/A
ROA(3y)6.42%
ROA(5y)6.43%
ROE(3y)11.48%
ROE(5y)12.05%
ROIC(3y)7.27%
ROIC(5y)7.56%
ROICexc(3y)9.35%
ROICexc(5y)9.23%
ROICexgc(3y)9.53%
ROICexgc(5y)9.36%
ROCE(3y)9.58%
ROCE(5y)9.96%
ROICexgc growth 3Y-11.52%
ROICexgc growth 5Y8.52%
ROICexc growth 3Y-12.69%
ROICexc growth 5Y7.72%
OM growth 3Y-6.56%
OM growth 5Y10.11%
PM growth 3Y-4.97%
PM growth 5Y9.13%
GM growth 3Y0.44%
GM growth 5Y11.52%
F-Score2
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF N/A
Debt/EBITDA 4.11
Cap/Depr 69.7%
Cap/Sales 0.15%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.51
Quick Ratio 0.51
Altman-Z 1.58
F-Score2
WACC7.77%
ROIC/WACC0.77
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-15.99%
EPS 3Y-3.21%
EPS 5Y22.29%
EPS Q2Q%6.25%
EPS Next Y-7.04%
EPS Next 2Y5.75%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)10.13%
Revenue growth 3Y3.05%
Revenue growth 5Y12.27%
Sales Q2Q%21.6%
Revenue Next Year7.61%
Revenue Next 2Y8.29%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-9.68%
EBIT growth 3Y-3.71%
EBIT growth 5Y23.63%
EBIT Next Year16.15%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-553.29%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-573.64%
OCF growth 3YN/A
OCF growth 5YN/A

FORESTAR GROUP INC / FOR FAQ

Can you provide the ChartMill fundamental rating for FORESTAR GROUP INC?

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


What is the valuation status for FOR stock?

ChartMill assigns a valuation rating of 6 / 10 to FORESTAR GROUP INC (FOR). This can be considered as Fairly Valued.


How profitable is FORESTAR GROUP INC (FOR) stock?

FORESTAR GROUP INC (FOR) has a profitability rating of 7 / 10.


Can you provide the financial health for FOR stock?

The financial health rating of FORESTAR GROUP INC (FOR) is 1 / 10.