FORRESTER RESEARCH INC (FORR) Fundamental Analysis & Valuation

NASDAQ:FORR • US3465631097

Current stock price

6.06 USD
+0.1 (+1.68%)
Last:

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

  • FORR had positive earnings in the past year.
  • 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.
  • 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

  • FORR has a Return On Assets of -29.54%. This is amonst the worse of the industry: FORR underperforms 84.88% of its industry peers.
  • FORR has a Return On Equity of -94.34%. This is amonst the worse of the industry: FORR underperforms 84.88% of its industry peers.
  • The Return On Invested Capital of FORR (4.46%) is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for FORR is significantly below the industry average of 12.85%.
  • The 3 year average ROIC (4.37%) for FORR is below the current ROIC(4.46%), indicating increased profibility in the last year.
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 43.02% of the companies in the same industry.
  • FORR's Operating Margin has declined in the last couple of years.
  • The Gross Margin of FORR (56.99%) is better than 76.74% 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 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

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FORR is destroying value.
  • The number of shares outstanding for FORR has been increased compared to 1 year ago.
  • FORR has about the same amout of shares outstanding than it did 5 years ago.
  • FORR has a worse debt/assets ratio than last year.
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

  • FORR has an Altman-Z score of 1.41. This is a bad value and indicates that FORR is not financially healthy and even has some risk of bankruptcy.
  • FORR has a Altman-Z score of 1.41. This is in the lower half of the industry: FORR underperforms 65.12% of its industry peers.
  • 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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 1.93
Altman-Z 1.41
ROIC/WACC0.55
WACC8.05%
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.
  • With a Current ratio value of 0.89, FORR is not doing good in the industry: 81.40% of the companies in the same industry are doing better.
  • FORR has a Quick Ratio of 0.89. This is a bad value and indicates that FORR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.89, FORR is not doing good in the industry: 81.40% of the companies in the same industry are doing better.
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.
  • FORR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -6.35% yearly.
  • The Revenue has decreased by -8.23% in the past year.
  • Measured over the past years, FORR shows a decrease in Revenue. The Revenue has been decreasing by -2.44% on average per year.
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

  • The Earnings Per Share is expected to decrease by -10.71% on average over the next years. This is quite bad
  • The Revenue is expected to decrease by -5.35% on average over the next years.
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

  • 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.
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

  • Based on the Price/Earnings ratio of 5.22, the valuation of FORR can be described as very cheap.
  • Compared to the rest of the industry, the Price/Earnings ratio of FORR indicates a rather cheap valuation: FORR is cheaper than 94.19% of the companies listed in the same industry.
  • FORR's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 27.42.
  • With a Price/Forward Earnings ratio of 7.78, the valuation of FORR can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, FORR is valued cheaply inside the industry as 91.86% of the companies are valued more expensively.
  • FORR is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.24, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 5.22
Fwd PE 7.78
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

  • Based on the Price/Free Cash Flow ratio, FORR is valued cheaper than 91.86% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.42
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

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

More info and screens

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%

More info and screens

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FORR Fundamentals: All Metrics, Ratios and Statistics

FORRESTER RESEARCH INC

NASDAQ:FORR (4/24/2026, 8:00:01 PM)

6.06

+0.1 (+1.68%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-12
Earnings (Next)04-30
Inst Owners57.47%
Inst Owner Change-0.36%
Ins Owners40.12%
Ins Owner Change0.47%
Market Cap116.23M
Revenue(TTM)396.89M
Net Income(TTM)-119.36M
Analysts45.71
Price Target6.12 (0.99%)
Short Float %11.35%
Short Ratio8.28
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)71.43%
EPS NQ rev (3m)-17.24%
EPS NY rev (1m)-24.17%
EPS NY rev (3m)-42.61%
Revenue NQ rev (1m)-5.78%
Revenue NQ rev (3m)-10.16%
Revenue NY rev (1m)-4.27%
Revenue NY rev (3m)-10.55%
Valuation
Industry RankSector Rank
PE 5.22
Fwd PE 7.78
P/S 0.29
P/FCF 6.42
P/OCF 5.51
P/B 0.92
P/tB N/A
EV/EBITDA -1.78
EPS(TTM)1.16
EY19.14%
EPS(NY)0.78
Fwd EY12.85%
FCF(TTM)0.94
FCFY15.57%
OCF(TTM)1.1
OCFY18.14%
SpS20.69
BVpS6.6
TBVpS-0.66
PEG (NY)N/A
PEG (5Y)N/A
Graham Number13.1215 (116.53%)
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 1.41
F-Score5
WACC8.05%
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 5.22 and the Price/Book (PB) ratio is 0.92.


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.