Forestar Group Inc. (FOR) Financial Ratios
21 years of historical data (2005–2025) · Real Estate · Real Estate - Development
EV/EBITDA
↓
9.08
↑+25% vs avg
5yr avg: 7.26
30Y Low1.1·High32.9
P/FCF
↓
N/A
—
5yr avg: 4.51
30Y Low3.7·High64.7
P/B Ratio
↓
0.84
+2% vs avg
5yr avg: 0.83
30Y Low0.5·High1.8
ROE
↓
10.0%
↑-23% vs avg
5yr avg: 12.9%
30Y Low-35%·High16%
Debt/EBITDA
↓
3.84
+9% vs avg
5yr avg: 3.51
30Y Low0.1·High7.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FOR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Forestar Group Inc. trades at 8.9x earnings, 25% above its 5-year average of 7.1x, sitting at the 28th percentile of its historical range. Compared to the Real Estate sector median P/E of 24.1x, the stock trades at a discount of 63%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.5B | $1.4B | $1.6B | $1.4B | $558M | $912M | $851M | $768M | $891M | $932M | $563M |
| Enterprise Value | $1.9B | $1.8B | $1.9B | $1.4B | $1.0B | $1.5B | $1.1B | $846M | $565M | $718M | $408M |
| P/E Ratio → | 8.91 | 8.08 | 8.09 | 8.09 | 3.12 | 8.28 | 14.05 | 23.14 | 14.93 | 18.49 | 9.64 |
| P/S Ratio | 0.90 | 0.81 | 1.09 | 0.94 | 0.37 | 0.69 | 0.91 | 1.79 | 8.53 | 8.16 | 2.85 |
| P/B Ratio | 0.84 | 0.77 | 1.03 | 0.99 | 0.47 | 0.90 | 0.98 | 0.95 | 1.33 | 1.54 | 1.00 |
| P/FCF | — | — | — | 3.72 | 5.30 | — | — | — | — | — | 9.36 |
| P/OCF | — | — | — | 3.71 | 5.13 | — | — | — | — | — | 8.42 |
P/E links to full P/E history page with 30-year chart
FOR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Forestar Group Inc.'s enterprise value stands at 9.1x EBITDA, 25% above its 5-year average of 7.3x. The Real Estate sector median is 17.0x, placing the stock at a 47% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.08 | 1.25 | 1.00 | 0.66 | 1.11 | 1.18 | 1.97 | 5.41 | 6.28 | 2.07 |
| EV / EBITDA | 9.08 | 8.43 | 7.71 | 6.86 | 4.32 | 8.99 | 1.18 | 1.99 | 7.78 | 15.87 | 1.10 |
| EV / EBIT | 9.23 | 8.17 | 7.81 | 6.96 | 4.37 | 9.15 | 15.22 | 23.04 | 31.74 | 11.85 | 3.63 |
| EV / FCF | — | — | — | 3.96 | 9.57 | — | — | — | — | — | 6.78 |
FOR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Forestar Group Inc. earns an operating margin of 12.6%, below the Real Estate sector average of 24.8%. Operating margins have compressed from 14.4% to 12.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 10.0% is modest. ROIC of 7.8% represents adequate returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.9% | 21.9% | 23.8% | 21.2% | 21.3% | 17.3% | 12.7% | 15.3% | 37.2% | 4.0% | 14.4% |
| Operating Margin | 12.6% | 12.6% | 16.0% | 14.4% | 15.2% | 12.1% | 7.8% | 8.6% | 17.1% | 34.8% | 71.1% |
| Net Profit Margin | 10.1% | 10.1% | 13.5% | 11.6% | 11.8% | 8.3% | 6.5% | 7.7% | 57.0% | 44.0% | 29.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.0% | 10.0% | 13.7% | 13.0% | 16.1% | 11.7% | 7.2% | 4.5% | 9.3% | 8.6% | 11.0% |
| ROA | 5.6% | 5.6% | 7.7% | 6.9% | 8.0% | 5.7% | 3.8% | 2.8% | 7.2% | 6.7% | 6.8% |
| ROIC | 7.8% | 7.8% | 11.0% | 10.0% | 10.7% | 8.9% | 5.4% | 4.5% | 3.6% | 7.5% | 17.6% |
| ROCE | 8.2% | 8.2% | 10.7% | 10.1% | 12.4% | 9.8% | 5.2% | 3.5% | 2.3% | 5.6% | 17.4% |
FOR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Forestar Group Inc. carries a Debt/EBITDA ratio of 3.8x, which is moderately leveraged (51% below the sector average of 7.9x). Net debt stands at $438M ($817M total debt minus $379M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.46 | 0.46 | 0.45 | 0.51 | 0.60 | 0.70 | 0.74 | 0.57 | 0.01 | 0.18 | 0.20 |
| Debt / EBITDA | 3.84 | 3.84 | 2.94 | 3.36 | 3.06 | 4.35 | 0.69 | 1.08 | 0.13 | 2.40 | 0.30 |
| Net Debt / Equity | — | 0.25 | 0.15 | 0.06 | 0.37 | 0.55 | 0.29 | 0.10 | -0.49 | -0.35 | -0.28 |
| Net Debt / EBITDA | 2.06 | 2.06 | 0.97 | 0.42 | 1.93 | 3.41 | 0.27 | 0.18 | -4.49 | -4.74 | -0.42 |
| Debt / FCF | — | — | — | 0.24 | 4.27 | — | — | — | — | — | -2.58 |
| Interest Coverage | — | — | — | — | — | — | — | — | — | 7.10 | 5.62 |
FOR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.94x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.91x to 0.94x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.94 | 0.94 | 1.17 | 1.91 | 0.75 | 0.49 | 1.93 | 2.16 | 7.96 | 16.49 | 7.76 |
| Quick Ratio | 0.94 | 0.94 | 1.17 | 1.91 | 0.75 | 0.49 | 1.93 | 2.16 | 28.14 | 16.49 | 7.76 |
| Cash Ratio | 0.86 | 0.86 | 1.06 | 1.79 | 0.68 | 0.44 | 1.82 | 2.09 | 7.63 | 9.49 | 6.48 |
| Asset Turnover | — | 0.53 | 0.53 | 0.58 | 0.65 | 0.63 | 0.54 | 0.29 | 0.12 | 0.15 | 0.27 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FOR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Forestar Group Inc. returns 0.1% to shareholders annually primarily through share buybacks. The earnings yield of 11.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 11.2% | 12.4% | 12.4% | 12.4% | 32.1% | 12.1% | 7.1% | 4.3% | 6.7% | 5.4% | 10.4% |
| FCF Yield | — | — | — | 26.9% | 18.9% | — | — | — | — | — | 10.7% |
| Buyback Yield | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Total Shareholder Yield | 0.1% | 0.1% | 0.2% | 0.1% | 0.1% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.6% |
| Shares Outstanding | — | $51M | $51M | $50M | $50M | $49M | $48M | $42M | $42M | $42M | $42M |
Peer Comparison
Compare FOR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FORYou | $1B | 8.9 | 9.1 | — | 21.9% | 12.6% | 10.0% | 7.8% | 3.8 |
 LGIH | $1B | 18.2 | 34.6 | — | 20.7% | 4.7% | 3.5% | 1.7% | 19.7 |
 GRBK | $3B | 10.6 | 8.1 | 15.4 | 30.3% | 19.5% | 17.3% | 15.4% | 0.8 |
 TMHC | $7B | 9.2 | 7.2 | 8.3 | 23.0% | 14.0% | 12.8% | 11.0% | 2.1 |
 SKY | $5B | 22.8 | 15.6 | 17.0 | 26.4% | 9.5% | 13.7% | 17.6% | 0.4 |
 DHI | $46B | 13.6 | 10.8 | 13.9 | 23.7% | 12.9% | 14.2% | 12.1% | 1.3 |
 LEN | $22B | 11.2 | 8.6 | 790.5 | 9.9% | 8.0% | 8.3% | 7.9% | 2.2 |
 PHM | $24B | 11.4 | 8.0 | 14.0 | 26.4% | 17.3% | 17.7% | 17.2% | 0.8 |
 TOL | $15B | 11.5 | 9.1 | 14.4 | 26.0% | 15.7% | 16.9% | 13.4% | 1.6 |
 MHO | $4B | 10.1 | 8.0 | 31.8 | 23.0% | 11.5% | 13.2% | 11.3% | 2.1 |
 VMC | $39B | 37.3 | 19.1 | 34.6 | 27.3% | 20.1% | 13.0% | 8.8% | 2.3 |
| Real Estate Median | — | 24.1 | 17.0 | 15.4 | 49.3% | 24.8% | 3.7% | 2.7% | 7.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 21 years · Updated daily
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FOR — Frequently Asked Questions
Quick answers to the most common questions about buying FOR stock.
What is Forestar Group Inc.'s P/E ratio?
Forestar Group Inc.'s current P/E ratio is 8.9x. The historical average is 28.8x. This places it at the 28th percentile of its historical range.
What is Forestar Group Inc.'s EV/EBITDA?
Forestar Group Inc.'s current EV/EBITDA is 9.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.8x.
What is Forestar Group Inc.'s ROE?
Forestar Group Inc.'s return on equity (ROE) is 10.0%. The historical average is 5.9%.
Is FOR stock overvalued?
Based on historical data, Forestar Group Inc. is trading at a P/E of 8.9x. This is at the 28th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Forestar Group Inc.'s profit margins?
Forestar Group Inc. has 21.9% gross margin and 12.6% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Forestar Group Inc. have?
Forestar Group Inc.'s Debt/EBITDA ratio is 3.8x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.