FORESTAR GROUP INC (FOR) Stock Fundamental Analysis

NYSE:FOR • US3462321015

28.72 USD
-0.07 (-0.24%)
At close: Feb 27, 2026
28.72 USD
0 (0%)
After Hours: 2/27/2026, 8:04:20 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall FOR gets a fundamental rating of 4 out of 10. We evaluated FOR against 63 industry peers in the Real Estate Management & Development industry. FOR has an excellent profitability rating, but there are concerns on its financial health. FOR may be a bit undervalued, certainly considering the very reasonable score on growth


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • FOR had positive earnings in the past year.
  • FOR had a positive 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M

1.2 Ratios

  • FOR's Return On Assets of 5.25% is amongst the best of the industry. FOR outperforms 90.32% of its industry peers.
  • FOR has a Return On Equity of 9.34%. This is amongst the best in the industry. FOR outperforms 83.87% of its industry peers.
  • FOR's Return On Invested Capital of 6.11% is fine compared to the rest of the industry. FOR outperforms 79.03% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for FOR is in line with the industry average of 5.43%.
Industry RankSector Rank
ROA 5.25%
ROE 9.34%
ROIC 6.11%
ROA(3y)6.42%
ROA(5y)6.43%
ROE(3y)11.48%
ROE(5y)12.05%
ROIC(3y)7.33%
ROIC(5y)7.6%
FOR Yearly ROA, ROE, ROICFOR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 -20 -30 -40

1.3 Margins

  • Looking at the Profit Margin, with a value of 9.90%, FOR is in the better half of the industry, outperforming 79.03% of the companies in the same industry.
  • FOR's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 12.79%, FOR belongs to the best of the industry, outperforming 82.26% of the companies in the same industry.
  • FOR's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FOR (21.98%) is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of FOR has grown nicely.
Industry RankSector Rank
OM 12.79%
PM (TTM) 9.9%
GM 21.98%
OM growth 3Y-5.5%
OM growth 5Y10.86%
PM growth 3Y-4.97%
PM growth 5Y9.13%
GM growth 3Y1.1%
GM growth 5Y11.96%
FOR Yearly Profit, Operating, Gross MarginsFOR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -50

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FOR is destroying value.
  • The number of shares outstanding for FOR has been increased compared to 1 year ago.
  • The number of shares outstanding for FOR has been increased compared to 5 years ago.
  • The debt/assets ratio for FOR is higher compared to a year ago.
FOR Yearly Shares OutstandingFOR Yearly Shares OutstandingYearly Shares Outstanding 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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.76, we must say that FOR is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of FOR (1.76) is comparable to the rest of the industry.
  • The Debt to FCF ratio of FOR is 8.53, which is on the high side as it means it would take FOR, 8.53 years of fcf income to pay off all of its debts.
  • FOR has a better Debt to FCF ratio (8.53) than 66.13% of its industry peers.
  • A Debt/Equity ratio of 0.44 indicates that FOR is not too dependend on debt financing.
  • FOR has a Debt to Equity ratio (0.44) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 8.53
Altman-Z 1.76
ROIC/WACC0.81
WACC7.58%
FOR Yearly LT Debt VS Equity VS FCFFOR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 0.50 indicates that FOR may have some problems paying its short term obligations.
  • The Current ratio of FOR (0.50) is worse than 83.87% of its industry peers.
  • A Quick Ratio of 0.50 indicates that FOR may have some problems paying its short term obligations.
  • FOR has a worse Quick ratio (0.50) than 80.65% of its industry peers.
Industry RankSector Rank
Current Ratio 0.5
Quick Ratio 0.5
FOR Yearly Current Assets VS Current LiabilitesFOR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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

4

3. Growth

3.1 Past

  • FOR shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -6.00%.
  • Measured over the past years, FOR shows a very strong growth in Earnings Per Share. The EPS has been growing by 22.29% on average per year.
  • The Revenue has grown by 15.89% in the past year. This is quite good.
  • The Revenue has been growing by 12.27% on average over the past years. This is quite good.
EPS 1Y (TTM)-6%
EPS 3Y-3.21%
EPS 5Y22.29%
EPS Q2Q%-6.25%
Revenue 1Y (TTM)15.89%
Revenue growth 3Y3.05%
Revenue growth 5Y12.27%
Sales Q2Q%9.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 1.61% on average over the next years.
  • FOR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.28% yearly.
EPS Next Y-7.65%
EPS Next 2Y1.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year6.84%
Revenue Next 2Y7.28%
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 decreasing.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
FOR Yearly Revenue VS EstimatesFOR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 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

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Find the best growth stocksShow best growing peers

7

4. Valuation

4.1 Price/Earnings Ratio

  • FOR is valuated reasonably with a Price/Earnings ratio of 8.73.
  • Compared to the rest of the industry, the Price/Earnings ratio of FOR indicates a rather cheap valuation: FOR is cheaper than 93.55% of the companies listed in the same industry.
  • FOR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.07.
  • The Price/Forward Earnings ratio is 8.40, which indicates a very decent valuation of FOR.
  • FOR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FOR is cheaper than 96.77% of the companies in the same industry.
  • FOR's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 28.05.
Industry RankSector Rank
PE 8.73
Fwd PE 8.4
FOR Price Earnings VS Forward Price EarningsFOR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, FOR is valued cheaply inside the industry as 87.10% of the companies are valued more expensively.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of FOR indicates a somewhat cheap valuation: FOR is cheaper than 79.03% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 15.72
EV/EBITDA 9.32
FOR Per share dataFOR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The decent profitability rating of FOR may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.39
EPS Next 2Y1.61%
EPS Next 3YN/A

More info and screens

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

0

5. Dividend

5.1 Amount

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

More info and screens

Find the best dividend stocksShow peers with best dividend

FORESTAR GROUP INC

NYSE:FOR (2/27/2026, 8:04:20 PM)

After market: 28.72 0 (0%)

28.72

-0.07 (-0.24%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryReal Estate Management & Development
Earnings (Last)01-20
Earnings (Next)04-21
Inst Owners36.98%
Inst Owner Change-3.63%
Ins Owners0.52%
Ins Owner Change1.61%
Market Cap1.46B
Revenue(TTM)1.69B
Net Income(TTM)166.80M
Analysts82.5
Price Target36.04 (25.49%)
Short Float %2.24%
Short Ratio2.57
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)1
Avg EPS beat(2)13.56%
Min EPS beat(2)-6.23%
Max EPS beat(2)33.35%
EPS beat(4)1
Avg EPS beat(4)-1.42%
Min EPS beat(4)-19.97%
Max EPS beat(4)33.35%
EPS beat(8)3
Avg EPS beat(8)-5.05%
EPS beat(12)7
Avg EPS beat(12)15.36%
EPS beat(16)9
Avg EPS beat(16)18.8%
Revenue beat(2)2
Avg Revenue beat(2)11.42%
Min Revenue beat(2)3.57%
Max Revenue beat(2)19.27%
Revenue beat(4)2
Avg Revenue beat(4)3.35%
Min Revenue beat(4)-8.45%
Max Revenue beat(4)19.27%
Revenue beat(8)4
Avg Revenue beat(8)-2.29%
Revenue beat(12)8
Avg Revenue beat(12)7.93%
Revenue beat(16)10
Avg Revenue beat(16)5.19%
PT rev (1m)8.72%
PT rev (3m)8.72%
EPS NQ rev (1m)-0.78%
EPS NQ rev (3m)-5%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.66%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.4%
Revenue NY rev (1m)1.03%
Revenue NY rev (3m)-0.71%
Valuation
Industry RankSector Rank
PE 8.73
Fwd PE 8.4
P/S 0.87
P/FCF 15.72
P/OCF 15.34
P/B 0.82
P/tB 0.82
EV/EBITDA 9.32
EPS(TTM)3.29
EY11.46%
EPS(NY)3.42
Fwd EY11.9%
FCF(TTM)1.83
FCFY6.36%
OCF(TTM)1.87
OCFY6.52%
SpS33.11
BVpS35.1
TBVpS35.1
PEG (NY)N/A
PEG (5Y)0.39
Graham Number50.97
Profitability
Industry RankSector Rank
ROA 5.25%
ROE 9.34%
ROCE 8.05%
ROIC 6.11%
ROICexc 6.63%
ROICexgc 6.78%
OM 12.79%
PM (TTM) 9.9%
GM 21.98%
FCFM 5.52%
ROA(3y)6.42%
ROA(5y)6.43%
ROE(3y)11.48%
ROE(5y)12.05%
ROIC(3y)7.33%
ROIC(5y)7.6%
ROICexc(3y)9.42%
ROICexc(5y)9.27%
ROICexgc(3y)9.54%
ROICexgc(5y)9.37%
ROCE(3y)9.66%
ROCE(5y)10.01%
ROICexgc growth 3Y-11.4%
ROICexgc growth 5Y8.61%
ROICexc growth 3Y-11.87%
ROICexc growth 5Y8.33%
OM growth 3Y-5.5%
OM growth 5Y10.86%
PM growth 3Y-4.97%
PM growth 5Y9.13%
GM growth 3Y1.1%
GM growth 5Y11.96%
F-Score5
Asset Turnover0.53
Health
Industry RankSector Rank
Debt/Equity 0.44
Debt/FCF 8.53
Debt/EBITDA 3.62
Cap/Depr 63.89%
Cap/Sales 0.14%
Interest Coverage 250
Cash Conversion 43.5%
Profit Quality 55.76%
Current Ratio 0.5
Quick Ratio 0.5
Altman-Z 1.76
F-Score5
WACC7.58%
ROIC/WACC0.81
Cap/Depr(3y)59.84%
Cap/Depr(5y)73.68%
Cap/Sales(3y)0.12%
Cap/Sales(5y)0.14%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-6%
EPS 3Y-3.21%
EPS 5Y22.29%
EPS Q2Q%-6.25%
EPS Next Y-7.65%
EPS Next 2Y1.61%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)15.89%
Revenue growth 3Y3.05%
Revenue growth 5Y12.27%
Sales Q2Q%9.03%
Revenue Next Year6.84%
Revenue Next 2Y7.28%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-2.09%
EBIT growth 3Y-2.62%
EBIT growth 5Y24.47%
EBIT Next Year8.65%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-63.64%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-62.95%
OCF growth 3YN/A
OCF growth 5YN/A

FORESTAR GROUP INC / FOR FAQ

What is the ChartMill fundamental rating of FORESTAR GROUP INC (FOR) stock?

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


Can you provide the valuation status for FORESTAR GROUP INC?

ChartMill assigns a valuation rating of 7 / 10 to FORESTAR GROUP INC (FOR). This can be considered as Undervalued.


How profitable is FORESTAR GROUP INC (FOR) stock?

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


What is the valuation of FORESTAR GROUP INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for FORESTAR GROUP INC (FOR) is 8.73 and the Price/Book (PB) ratio is 0.82.


How financially healthy is FORESTAR GROUP INC?

The financial health rating of FORESTAR GROUP INC (FOR) is 2 / 10.