Forian Inc. (FORA) Financial Ratios
7 years of historical data (2019–2025) · Healthcare · Medical - Healthcare Information Services
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
↓
23.49
↓-82% vs avg
5yr avg: 131.23
30Y Low22.9·High144.5
P/B Ratio
↓
2.27
↓-57% vs avg
5yr avg: 5.24
30Y Low2.1·High11.4
ROE
↑
-9.6%
↓+81% vs avg
5yr avg: -50.2%
30Y Low-146%·High55%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FORA Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Forian Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 23.5x P/FCF, 82% below the 5-year average of 131.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $68M | $66M | $64M | $94M | $87M | $287M | — | — |
| Enterprise Value | $55M | $53M | $66M | $111M | $110M | $293M | — | — |
| P/E Ratio → | -23.48 | — | — | 8.14 | — | — | — | — |
| P/S Ratio | 2.24 | 2.18 | 3.18 | 4.61 | 5.33 | 16.98 | — | — |
| P/B Ratio | 2.27 | 2.21 | 2.13 | 3.41 | 7.04 | 11.39 | — | — |
| P/FCF | 23.49 | 22.85 | 226.31 | 144.55 | — | — | — | — |
| P/OCF | 23.49 | 22.85 | 226.31 | 129.57 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FORA EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.75 | 3.28 | 5.44 | 6.71 | 17.36 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | 41.97 | — | — | — | — |
| EV / FCF | — | 18.38 | 233.84 | 170.50 | — | — | — | — |
FORA Profitability
Margins and return-on-capital ratios measuring operating efficiency
Forian Inc. earns an operating margin of -8.2%. Operating margins have expanded from -27.3% to -8.2% over the past 3 years, signaling improving operational efficiency. A negative ROE of -9.6% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.5% | 52.5% | 63.6% | 73.3% | 69.2% | 72.1% | 93.0% | — |
| Operating Margin | -8.2% | -8.2% | -34.7% | -27.3% | -115.4% | -163.6% | -914.7% | — |
| Net Profit Margin | -9.5% | -9.5% | -18.7% | 54.2% | -158.2% | -157.3% | -914.0% | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -9.6% | -9.6% | -13.1% | 55.3% | -138.2% | -145.7% | -90.7% | — |
| ROA | -6.3% | -6.3% | -7.0% | 20.7% | -50.4% | -76.5% | -78.2% | -719.8% |
| ROIC | -7.5% | -7.5% | -13.6% | -10.5% | -42.6% | -98.1% | -71.2% | — |
| ROCE | -8.2% | -8.2% | -16.5% | -12.2% | -43.1% | -90.1% | -90.7% | — |
FORA Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $13M exceeds total debt of $12137, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.00 | 0.00 | 0.22 | 0.83 | 2.05 | 1.00 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.43 | 0.07 | 0.61 | 1.83 | 0.26 | -0.06 | — |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | -4.47 | 7.53 | 25.96 | — | — | — | — |
| Interest Coverage | -17.34 | -17.34 | -4.23 | 3.18 | -21.65 | -81.29 | — | — |
Net cash position: cash ($13M) exceeds total debt ($12137)
FORA Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Forian Inc.'s current ratio of 2.97x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 8.56x to 2.97x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 2.97 | 2.97 | 2.68 | 8.56 | 3.22 | 5.29 | 9.72 | 0.38 |
| Quick Ratio | 2.97 | 2.97 | 2.68 | 8.56 | 3.22 | 5.14 | 9.72 | 0.38 |
| Cash Ratio | 2.20 | 2.20 | 2.11 | 7.09 | 2.42 | 4.57 | 9.45 | 0.33 |
| Asset Turnover | — | 0.69 | 0.43 | 0.34 | 0.35 | 0.30 | 0.04 | — |
| Inventory Turnover | — | — | — | — | — | 4.63 | — | — |
| Days Sales Outstanding | — | 97.50 | 118.78 | 160.33 | 90.30 | 64.97 | 147.17 | — |
FORA Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Forian Inc. returns 0.6% to shareholders annually primarily through share buybacks.
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 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 12.3% | — | — | — | — |
| FCF Yield | 4.3% | 4.4% | 0.4% | 0.7% | — | — | — | — |
| Buyback Yield | 0.6% | 0.6% | 0.5% | 3.7% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.6% | 0.6% | 0.5% | 3.7% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $31M | $31M | $32M | $32M | $32M | $30M | $30M |
Peer Comparison
Compare FORA 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 |
|---|---|---|---|---|---|---|---|---|---|
 FORAYou | $68M | -23.5 | — | 23.5 | 52.5% | -8.2% | -9.6% | -7.5% | — |
 INFU | $190M | 30.4 | 7.5 | 8.0 | 56.0% | 8.3% | 11.5% | 12.5% | 0.1 |
 HCAT | $129M | -0.7 | 17.3 | — | 33.5% | -11.6% | -58.3% | -6.1% | 11.9 |
 CSGP | $13B | 1814.5 | 71.6 | 311.4 | 75.2% | -2.2% | 0.1% | -0.9% | 6.7 |
 VRNT | $1B | 19.7 | 9.5 | 8.7 | 71.3% | 11.7% | 6.3% | 5.3% | 2.9 |
 MMSI | $4B | 31.6 | 14.0 | 18.6 | 48.7% | 12.2% | 8.7% | 7.2% | 2.8 |
 TDC | $3B | 22.9 | 10.1 | 10.2 | 59.7% | 12.3% | 71.6% | 52.4% | 1.9 |
 SPNS | $2B | 33.7 | 22.1 | 33.6 | 45.0% | 16.8% | 15.5% | 17.4% | 0.6 |
 DOMO | $101M | -1.7 | — | — | 75.0% | -12.3% | — | — | — |
 SNOW | $81B | -58.8 | — | 71.9 | 67.2% | -30.6% | -54.0% | -43.9% | — |
 MDB | $27B | -378.1 | — | 53.5 | 71.7% | -5.6% | -2.5% | -4.9% | — |
| Healthcare Median | — | 22.1 | 14.2 | 18.5 | 63.9% | -4.2% | -32.6% | -11.6% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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FORA — Frequently Asked Questions
Quick answers to the most common questions about buying FORA stock.
What is Forian Inc.'s P/E ratio?
Forian Inc.'s current P/E ratio is -23.5x. The historical average is 8.1x.
What is Forian Inc.'s ROE?
Forian Inc.'s return on equity (ROE) is -9.6%. The historical average is -57.0%.
Is FORA stock overvalued?
Based on historical data, Forian Inc. is trading at a P/E of -23.5x. Compare with industry peers and growth rates for a complete picture.
What are Forian Inc.'s profit margins?
Forian Inc. has 52.5% gross margin and -8.2% operating margin.