Real Estate - Development
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FPH vs FOR
Revenue, margins, valuation, and 5-year total return — side by side.
Real Estate - Development
FPH vs FOR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||
|---|---|---|
| Industry | Real Estate - Development | Real Estate - Development |
| Market Cap | $3.50B | $1.39B |
| Revenue (TTM) | $110M | $1.71B |
| Net Income (TTM) | $41M | $167M |
| Gross Margin | 40.4% | 21.3% |
| Operating Margin | -1.1% | 12.3% |
| Forward P/E | 16.5x | 9.4x |
| Total Debt | $514M | $817M |
| Cash & Equiv. | $427M | $379M |
FPH vs FOR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Five Point Holdings… (FPH) | 100 | 98.8 | -1.2% |
| Forestar Group Inc. (FOR) | 100 | 181.2 | +81.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: FPH vs FOR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
FPH is the clearest fit if your priority is income & stability and sleep-well-at-night.
- beta 0.87
- Lower volatility, beta 0.87, Low D/E 21.5%, current ratio 4.02x
- Beta 0.87, current ratio 4.02x
FOR carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 10.1%, EPS growth -17.8%, 3Y rev CAGR 3.1%
- 118.1% 10Y total return vs FPH's -67.5%
- 10.1% FFO/revenue growth vs FPH's -53.8%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 10.1% FFO/revenue growth vs FPH's -53.8% | |
| Value | Lower P/E (9.4x vs 16.5x) | |
| Quality / Margins | 37.0% margin vs FOR's 9.8% | |
| Stability / Safety | Beta 0.87 vs FOR's 1.14, lower leverage | |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | +39.4% vs FPH's -10.3% | |
| Efficiency (ROA) | 5.3% ROA vs FPH's 1.3%, ROIC 7.8% vs -0.2% |
FPH vs FOR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FPH vs FOR — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
FOR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
FOR is the larger business by revenue, generating $1.7B annually — 15.5x FPH's $110M. FPH is the more profitable business, keeping 37.0% of every revenue dollar as net income compared to FOR's 9.8%. On growth, FOR holds the edge at +6.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||
|---|---|---|
| RevenueTrailing 12 months | $110M | $1.7B |
| EBITDAEarnings before interest/tax | $2M | $213M |
| Net IncomeAfter-tax profit | $41M | $167M |
| Free Cash FlowCash after capex | $4M | $266M |
| Gross MarginGross profit ÷ Revenue | +40.4% | +21.3% |
| Operating MarginEBIT ÷ Revenue | -1.1% | +12.3% |
| Net MarginNet income ÷ Revenue | +37.0% | +9.8% |
| FCF MarginFCF ÷ Revenue | +3.5% | +15.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +3.2% | +6.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -118.8% | +1.6% |
Valuation Metrics
FOR leads this category, winning 3 of 4 comparable metrics.
Valuation Metrics
At 8.3x trailing earnings, FOR trades at a 19% valuation discount to FPH's 10.2x P/E.
| Metric | ||
|---|---|---|
| Market CapShares × price | $3.5B | $1.4B |
| Enterprise ValueMkt cap + debt − cash | $3.6B | $1.8B |
| Trailing P/EPrice ÷ TTM EPS | 10.19x | 8.29x |
| Forward P/EPrice ÷ next-FY EPS est. | 16.50x | 9.37x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.39x |
| EV / EBITDAEnterprise value multiple | — | 8.59x |
| Price / SalesMarket cap ÷ Revenue | 31.79x | 0.83x |
| Price / BookPrice ÷ Book value/share | 0.31x | 0.78x |
| Price / FCFMarket cap ÷ FCF | 33.30x | — |
Profitability & Efficiency
Evenly matched — FPH and FOR each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
FOR delivers a 9.5% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $2 for FPH. FPH carries lower financial leverage with a 0.22x debt-to-equity ratio, signaling a more conservative balance sheet compared to FOR's 0.46x. On the Piotroski fundamental quality scale (0–9), FPH scores 4/9 vs FOR's 1/9, reflecting mixed financial health.
| Metric | ||
|---|---|---|
| ROE (TTM)Return on equity | +1.8% | +9.5% |
| ROA (TTM)Return on assets | +1.3% | +5.3% |
| ROICReturn on invested capital | -0.2% | +7.8% |
| ROCEReturn on capital employed | -0.2% | +8.2% |
| Piotroski ScoreFundamental quality 0–9 | 4 | 1 |
| Debt / EquityFinancial leverage | 0.22x | 0.46x |
| Net DebtTotal debt minus cash | $88M | $438M |
| Cash & Equiv.Liquid assets | $427M | $379M |
| Total DebtShort + long-term debt | $514M | $817M |
| Interest CoverageEBIT ÷ Interest expense | — | — |
Total Returns (Dividends Reinvested)
FOR leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in FOR five years ago would be worth $10,800 today (with dividends reinvested), compared to $6,537 for FPH. Over the past 12 months, FOR leads with a +39.4% total return vs FPH's -10.3%. The 3-year compound annual growth rate (CAGR) favors FPH at 27.3% vs FOR's 11.2% — a key indicator of consistent wealth creation.
| Metric | ||
|---|---|---|
| YTD ReturnYear-to-date | -10.1% | +12.1% |
| 1-Year ReturnPast 12 months | -10.3% | +39.4% |
| 3-Year ReturnCumulative with dividends | +106.3% | +37.4% |
| 5-Year ReturnCumulative with dividends | -34.6% | +8.0% |
| 10-Year ReturnCumulative with dividends | -67.5% | +118.1% |
| CAGR (3Y)Annualised 3-year return | +27.3% | +11.2% |
Risk & Volatility
Evenly matched — FPH and FOR each lead in 1 of 2 comparable metrics.
Risk & Volatility
FPH is the less volatile stock with a 0.87 beta — it tends to amplify market swings less than FOR's 1.14 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. FOR currently trades 88.7% from its 52-week high vs FPH's 73.6% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.89x | 1.12x |
| 52-Week HighHighest price in past year | $6.64 | $30.74 |
| 52-Week LowLowest price in past year | $4.72 | $18.50 |
| % of 52W HighCurrent price vs 52-week peak | +73.6% | +88.7% |
| RSI (14)Momentum oscillator 0–100 | 47.1 | 52.5 |
| Avg Volume (50D)Average daily shares traded | 188K | 134K |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates FPH as "Hold" and FOR as "Buy".
| Metric | ||
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | — | $28.38 |
| # AnalystsCovering analysts | 5 | 12 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | 1 |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.1% |
FOR leads in 3 of 6 categories — strongest in Income & Cash Flow and Valuation Metrics. 2 categories are tied.
FPH vs FOR: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is FPH or FOR a better buy right now?
For growth investors, Forestar Group Inc.
(FOR) is the stronger pick with 10. 1% revenue growth year-over-year, versus -53. 8% for Five Point Holdings, LLC (FPH). Forestar Group Inc. (FOR) offers the better valuation at 8. 3x trailing P/E (9. 4x forward), making it the more compelling value choice. Analysts rate Forestar Group Inc. (FOR) a "Buy" — based on 12 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — FPH or FOR?
On trailing P/E, Forestar Group Inc.
(FOR) is the cheapest at 8. 3x versus Five Point Holdings, LLC at 10. 2x. On forward P/E, Forestar Group Inc. is actually cheaper at 9. 4x.
03Which is the better long-term investment — FPH or FOR?
Over the past 5 years, Forestar Group Inc.
(FOR) delivered a total return of +8. 0%, compared to -34. 6% for Five Point Holdings, LLC (FPH). Over 10 years, the gap is even starker: FOR returned +119. 9% versus FPH's -67. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — FPH or FOR?
By beta (market sensitivity over 5 years), Five Point Holdings, LLC (FPH) is the lower-risk stock at 0.
89β versus Forestar Group Inc. 's 1. 12β — meaning FOR is approximately 26% more volatile than FPH relative to the S&P 500. On balance sheet safety, Five Point Holdings, LLC (FPH) carries a lower debt/equity ratio of 22% versus 46% for Forestar Group Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — FPH or FOR?
By revenue growth (latest reported year), Forestar Group Inc.
(FOR) is pulling ahead at 10. 1% versus -53. 8% for Five Point Holdings, LLC (FPH). On earnings-per-share growth, the picture is similar: Forestar Group Inc. grew EPS -17. 8% year-over-year, compared to -50. 0% for Five Point Holdings, LLC. Over a 3-year CAGR, FPH leads at 37. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — FPH or FOR?
Five Point Holdings, LLC (FPH) is the more profitable company, earning 64.
5% net margin versus 10. 1% for Forestar Group Inc. — meaning it keeps 64. 5% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: FOR leads at 12. 6% versus -6. 7% for FPH. At the gross margin level — before operating expenses — FPH leads at 48. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is FPH or FOR more undervalued right now?
On forward earnings alone, Forestar Group Inc.
(FOR) trades at 9. 4x forward P/E versus 16. 5x for Five Point Holdings, LLC — 7. 1x cheaper on a one-year earnings basis.
08Which pays a better dividend — FPH or FOR?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
09Is FPH or FOR better for a retirement portfolio?
For long-horizon retirement investors, Five Point Holdings, LLC (FPH) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
89)). Both have compounded well over 10 years (FPH: -67. 1%, FOR: +119. 9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between FPH and FOR?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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