FORRESTER RESEARCH INC (FORR) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:FORR • US3465631097

7.27 USD
-0.01 (-0.14%)
At close: Feb 6, 2026
7.27 USD
0 (0%)
After Hours: 2/6/2026, 8:00:00 PM
Fundamental Rating

3

Taking everything into account, FORR scores 3 out of 10 in our fundamental rating. FORR was compared to 89 industry peers in the Professional Services industry. The financial health of FORR is average, but there are quite some concerns on its profitability. FORR has a valuation in line with the averages, but on the other hand it scores bad on growth.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

  • In the past year FORR was profitable.
  • FORR had a positive operating cash flow in the past year.
  • FORR had positive earnings in 4 of the past 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 0 20M 40M 60M 80M 100M

1.2 Ratios

  • With a Return On Assets value of -20.54%, FORR is not doing good in the industry: 79.78% of the companies in the same industry are doing better.
  • The Return On Equity of FORR (-53.94%) is worse than 78.65% of its industry peers.
  • FORR has a Return On Invested Capital (4.49%) which is comparable to the rest of the industry.
  • The Average Return On Invested Capital over the past 3 years for FORR is significantly below the industry average of 12.01%.
Industry RankSector 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%
FORR Yearly ROA, ROE, ROICFORR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 -5 10 15

1.3 Margins

  • With a Operating Margin value of 3.26%, FORR perfoms like the industry average, outperforming 49.44% of the companies in the same industry.
  • FORR's Operating Margin has improved in the last couple of years.
  • FORR has a Gross Margin of 57.54%. This is in the better half of the industry: FORR outperforms 76.40% 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 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%
FORR Yearly Profit, Operating, Gross MarginsFORR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60

4

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so FORR is destroying value.
  • FORR has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, FORR has more shares outstanding
  • 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 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 200M 400M 600M

2.2 Solvency

  • FORR has an Altman-Z score of 1.73. 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 (1.73) which is in line with 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's Debt to FCF ratio of 1.76 is fine compared to the rest of the industry. FORR outperforms 73.03% of its industry peers.
  • A Debt/Equity ratio of 0.22 indicates that FORR is not too dependend on debt financing.
  • FORR has a Debt to Equity ratio of 0.22. This is comparable to the rest of the industry: FORR outperforms 59.55% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.76
Altman-Z 1.73
ROIC/WACC0.54
WACC8.24%
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 0 50M 100M 150M 200M

2.3 Liquidity

  • FORR has a Current Ratio of 1.06. This is a normal value and indicates that FORR is financially healthy and should not expect problems in meeting its short term obligations.
  • FORR has a worse Current ratio (1.06) than 69.66% of its industry peers.
  • A Quick Ratio of 1.06 indicates that FORR should not have too much problems paying its short term obligations.
  • With a Quick ratio value of 1.06, FORR is not doing good in the industry: 69.66% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 1.06
Quick Ratio 1.06
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 100M 200M 300M

1

3. Growth

3.1 Past

  • The earnings per share for FORR have decreased by -0.74% in the last year.
  • FORR shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.16% yearly.
  • FORR shows a decrease in Revenue. In the last year, the revenue decreased by -8.73%.
  • Measured over the past years, FORR shows a decrease in Revenue. The Revenue has been decreasing by -1.30% on average per year.
EPS 1Y (TTM)-0.74%
EPS 3Y-11.35%
EPS 5Y-2.16%
EPS Q2Q%27.59%
Revenue 1Y (TTM)-8.73%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.3%
Sales Q2Q%-8.03%

3.2 Future

  • FORR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.89% yearly.
  • FORR is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -1.77% yearly.
EPS Next Y-15.81%
EPS Next 2Y-3.93%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue Next Year-7.34%
Revenue Next 2Y-4.27%
Revenue Next 3Y-1.77%
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.
  • 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

6

4. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 5.39 indicates a rather cheap valuation of FORR.
  • FORR's Price/Earnings ratio is rather cheap when compared to the industry. FORR is cheaper than 93.26% of the companies in the same industry.
  • FORR is valuated cheaply when we compare the Price/Earnings ratio to 27.93, which is the current average of the S&P500 Index.
  • FORR is valuated cheaply with a Price/Forward Earnings ratio of 5.36.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of FORR indicates a rather cheap valuation: FORR is cheaper than 94.38% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.77, FORR is valued rather cheaply.
Industry RankSector Rank
PE 5.39
Fwd PE 5.36
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 92.13% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 6.95
EV/EBITDA -0.91
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

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-3.93%
EPS Next 3Y6.89%

0

5. Dividend

5.1 Amount

  • No dividends for FORR!.
Industry RankSector Rank
Dividend Yield 0%

FORRESTER RESEARCH INC

NASDAQ:FORR (2/6/2026, 8:00:00 PM)

After market: 7.27 0 (0%)

7.27

-0.01 (-0.14%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)10-30
Earnings (Next)02-12
Inst Owners51.99%
Inst Owner Change0.71%
Ins Owners40.21%
Ins Owner Change0.05%
Market Cap138.13M
Revenue(TTM)403.87M
Net Income(TTM)-85.05M
Analysts45.71
Price Target12.24 (68.36%)
Short Float %4.39%
Short Ratio5.45
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)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)0%
EPS NQ rev (3m)-39.05%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.43%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.3%
Valuation
Industry RankSector Rank
PE 5.39
Fwd PE 5.36
P/S 0.34
P/FCF 6.95
P/OCF 6.15
P/B 0.88
P/tB N/A
EV/EBITDA -0.91
EPS(TTM)1.35
EY18.57%
EPS(NY)1.36
Fwd EY18.66%
FCF(TTM)1.05
FCFY14.39%
OCF(TTM)1.18
OCFY16.26%
SpS21.26
BVpS8.3
TBVpS-0.54
PEG (NY)N/A
PEG (5Y)N/A
Graham Number15.88
Profitability
Industry RankSector 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 RankSector 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 1.73
F-Score6
WACC8.24%
ROIC/WACC0.54
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)-0.74%
EPS 3Y-11.35%
EPS 5Y-2.16%
EPS Q2Q%27.59%
EPS Next Y-15.81%
EPS Next 2Y-3.93%
EPS Next 3Y6.89%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.73%
Revenue growth 3Y-4.36%
Revenue growth 5Y-1.3%
Sales Q2Q%-8.03%
Revenue Next Year-7.34%
Revenue Next 2Y-4.27%
Revenue Next 3Y-1.77%
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 3 / 10 to FORR.


Can you provide the valuation status for FORRESTER RESEARCH INC?

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


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 decline by -15.81% in the next year.