FORRESTER RESEARCH INC (FORR) Stock Fundamental Analysis

NASDAQ:FORR • US3465631097

5.77 USD
+0.16 (+2.85%)
At close: Feb 18, 2026
5.77 USD
0 (0%)
After Hours: 2/18/2026, 8:00:00 PM
Fundamental Rating

4

Overall FORR gets a fundamental rating of 4 out of 10. We evaluated FORR against 88 industry peers in the Professional Services industry. FORR scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. FORR is valued quite cheap, but it does not seem to be growing.


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.
  • 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.
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

  • FORR has a Return On Assets of -20.54%. This is amonst the worse of the industry: FORR underperforms 81.82% of its industry peers.
  • FORR has a Return On Equity of -53.94%. This is amonst the worse of the industry: FORR underperforms 80.68% of its industry peers.
  • FORR has a Return On Invested Capital (4.49%) which 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 12.55%.
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

  • Looking at the Operating Margin, with a value of 3.26%, FORR is in line with its industry, outperforming 47.73% of the companies in the same industry.
  • FORR's Operating Margin has improved in the last couple of years.
  • The Gross Margin of FORR (57.54%) is better than 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 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), FORR 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.
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 1.66. This is a bad value and indicates that FORR is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of FORR (1.66) is worse than 60.23% of its industry peers.
  • The Debt to FCF ratio of FORR is 1.76, which is an excellent value as it means it would take FORR, only 1.76 years of fcf income to pay off 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 has a Debt to Equity ratio (0.22) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.22
Debt/FCF 1.76
Altman-Z 1.66
ROIC/WACC0.55
WACC8.1%
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

  • A Current Ratio of 1.06 indicates that FORR should not have too much problems paying its short term obligations.
  • FORR has a Current ratio of 1.06. This is in the lower half of the industry: FORR underperforms 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.
  • FORR's Quick 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.
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

2

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

  • FORR is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 24.40% yearly.
  • 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.
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

8

4. Valuation

4.1 Price/Earnings Ratio

  • FORR is valuated cheaply with a Price/Earnings ratio of 4.97.
  • Compared to the rest of the industry, the Price/Earnings ratio of FORR indicates a rather cheap valuation: FORR is cheaper than 92.05% of the companies listed in the same industry.
  • The average S&P500 Price/Earnings ratio is at 27.27. FORR is valued rather cheaply when compared to this.
  • With a Price/Forward Earnings ratio of 4.25, the valuation of FORR can be described as very cheap.
  • FORR's Price/Forward Earnings ratio is rather cheap when compared to the industry. FORR is cheaper than 95.45% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of FORR to the average of the S&P500 Index (28.16), we can say FORR is valued rather cheaply.
Industry RankSector Rank
PE 4.97
Fwd PE 4.25
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

  • FORR's Price/Free Cash Flow ratio is rather cheap when compared to the industry. FORR is cheaper than 90.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 5.51
EV/EBITDA -1.92
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

  • The 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)0.29
PEG (5Y)N/A
EPS Next 2Y24.4%
EPS Next 3YN/A

0

5. Dividend

5.1 Amount

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

FORRESTER RESEARCH INC

NASDAQ:FORR (2/18/2026, 8:00:00 PM)

After market: 5.77 0 (0%)

5.77

+0.16 (+2.85%)

Chartmill FA Rating
GICS SectorIndustrials
GICS IndustryGroupCommercial & Professional Services
GICS IndustryProfessional Services
Earnings (Last)02-12
Earnings (Next)05-04
Inst Owners51.99%
Inst Owner Change6.72%
Ins Owners40.21%
Ins Owner Change0.05%
Market Cap109.63M
Revenue(TTM)N/A
Net Income(TTM)-85.05M
Analysts45.71
Price Target12.24 (112.13%)
Short Float %4.85%
Short Ratio5.11
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)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 RankSector Rank
PE 4.97
Fwd PE 4.25
P/S 0.27
P/FCF 5.51
P/OCF 4.88
P/B 0.7
P/tB N/A
EV/EBITDA -1.92
EPS(TTM)1.16
EY20.1%
EPS(NY)1.36
Fwd EY23.51%
FCF(TTM)1.05
FCFY18.14%
OCF(TTM)1.18
OCFY20.49%
SpS21.26
BVpS8.3
TBVpS-0.54
PEG (NY)0.29
PEG (5Y)N/A
Graham Number14.72
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 1.66
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.