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FORRForrester Research, Inc.
$8.83$171M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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FORR logo

Forrester Research, Inc.

FORR
NASDAQ · IT Consulting & Outsourcing
$8.83
At close - Nov 6, 4:00 PM EST - USD
Market Cap$171M
P/E-3.7x
52W High$12.75
Volume124.77K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Forrester's Tenth Straight Revenue Decline Tests Valuation

Forrester presents a deep-value case trading at 0.59x P/S and 6.13x forward EV/EBITDA, yet the fundamental backdrop remains impaired: revenue contracted 10.2% year over year in 2026Q2 to $100.2M, marking a tenth consecutive quarterly decline with deferred revenue down 23.9% to $147.3M from 2024Q1 levels, suggesting…

GrowthContracting
ProfitabilityStrained
ValuationAttractive
TechnicalsMixed
Explore valuation models
MARKET ACTION

FORR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

6/12 Beats

EPS beat 6 of last 12 quarters

02

Valuation risk

-117% Peers

P/E is 117% below peer median

03

Market leadership

RS 71 · Avg

Average momentum (RS Rating: 71)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Jan 29

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FORR+8.34%
S&P 500 (^GSPC)+7.63%
1-Year Return
FORR+17.42%
S&P 500 (^GSPC)+9.69%
3-Year Return
FORR-63.19%
S&P 500 (^GSPC)+70.27%
5-Year Return
FORR-84.96%
S&P 500 (^GSPC)+58.26%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-3.7x
Forward P/E
11.1x
EV/EBITDA60th %ile
11.3x
FCF YieldCash Flow
2.5%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-3.7x
45.9x
0th· Low
EV/EBITDA
11.3x
10.2x
60th· Fair
Price/FCF
39.3x
20.3x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$397M-8.2% YoY
Net income FY25
-$119M-1976.9% YoY
Free cash flow FY25
$18M+349.2% YoY
Operating margin FY25
0.5%+0.3 pts YoY
ROIC (FY25)0.8%
Avg ROIC 5Y4.9%
ROE (TTM)-38.7%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate6/12 (50%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 29, 2026
$0.24+17.1%
vs $0.20
$86M+5.3%
vs $82M
Q3 2026
Jul 30, 2026
$0.40+50.9%
vs $0.27
$100M+3.4%
vs $97M
Q2 2026
May 6, 2026
-$0.04-133.3%
vs $0.12
$85M+2.6%
vs $83M
Q1 2026
Feb 12, 2026
$0.17-19.0%
vs $0.21
$101M-2.1%
vs $103M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Defense World·Oct 19, 2026
SummerHaven Investment Management LLC Purchases New Stake in Forrester Research, Inc. $FORR

SummerHaven Investment Management LLC purchased a new position in Forrester Research, Inc. (NASDAQ: FORR) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 45,320 shares of the technology company's stock, valued at approximately $522,000. SummerHaven Investment Management LLC owned 0.24% of Forrester Research

GuruFocus·Oct 15, 2026
Forrester Research To Broadcast Its 2026 Third-Quarter Earnings Conference Call

[url="]Forrester Research[/url], Inc. (Nasdaq: FORR) will broadcast its third-quarter earnings conference call at 4:30 p.m. ET on October 29, 2026.The call will

Business Wire·Sep 30, 2026
Forrester's 2027 European Predictions: Despite A Strong Desire To Regain Its Digital Sovereignty, Europe Will Selectively Reset, Not Sever, Key Technology Relationships

LONDON--(BUSINESS WIRE)--According to Forrester's (Nasdaq: FORR) 2027 European predictions, unveiled today at Forrester's Technology & Innovation Forum EMEA, Europe will enter 2027 determined to recover its digital autonomy, but the gap between its ambition and control will widen. More than half of European companies embracing AI will reduce their dependence on US hyperscalers due to sovereignty concerns, moving their critical data and applications to European providers. A lack of end-to-en.

Business Wire·Aug 19, 2026
Forrester Introduces AI Disruption Model To Assess AI's Impact On Technology And Service Markets

CAMBRIDGE, Mass.--(BUSINESS WIRE)--According to Forrester's (Nasdaq: FORR) AI Disruption Model, unveiled today, advancements in AI are disrupting technology markets at an unprecedented pace — enhancing the value of certain products and services while making others increasingly vulnerable to replacement. Two new reports, The Forrester AI Disruption Model: How AI Disrupts Or Accelerates Technology And Service Markets and The Forrester AI Disruption Model: Category Analysis, reveal that technology.

Filtered for Forrester Research, Inc.More Headlines
04

Compare before deciding

Benchmark FORR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Forrester Research, Inc. (FORR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FORR logoFORRForrester Research, Inc.Current
$8.83$171.41M-3.72-8.23%-12.03%-38.73%—
IT logoITGartner, Inc.
$190.10$12.73B12.743.67%14.81%2105.77%—
MORN logoMORNMorningstar, Inc.
$244.15$9.16B20.728.1%17.42%41.54%0.75%
VRSK logoVRSKVerisk Analytics, Inc.
$204.59$26.63B30.076.63%27.68%—0.88%
CSGP logoCSGPCoStar Group, Inc.
$30.55$12.38B68.5918.67%4.87%2.23%—
SPGI logoSPGIS&P Global Inc.
$467.80$137.91B27.368.18%31.99%14.88%0.82%

Compare FORR vs Peers

Forrester Research, Inc. (FORR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs IT

Most directly comparable listed peer for FORR.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare FORR against a more recognizable public peer.

Peer Set

Compare Top 5

vs IT, MORN, VRSK, CSGP

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FORR SEC Filings & Documents

Forrester Research, Inc. (FORR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 30, 2026·SEC

Material company update

May 13, 2026·SEC

Material company update

May 6, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 13, 2026·SEC

FY 2025

Mar 7, 2025·SEC

FY 2024

Mar 8, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 8, 2026·SEC

FY 2025

Nov 10, 2025·SEC

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FORR Frequently Asked Questions

Forrester Research, Inc. (FORR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Forrester Research, Inc.'s revenue?

Forrester Research, Inc. (FORR) reported $372.9M in revenue over the trailing twelve months. Revenue was $396.9M in fiscal year 2025. That is 1488% more than the $25.0M of fiscal year 1996.

How fast is Forrester Research, Inc. growing?

Forrester Research, Inc. (FORR) revenue fell by 7.7% over the trailing twelve months, compared with the twelve months before.

Is FORR profitable?

No. Forrester Research, Inc. (FORR) reported a net loss of $44.9M over the trailing twelve months.

Dividend & Returns
What is FORR's return on equity?

Forrester Research, Inc. (FORR) had a return on equity (ROE) of -38.7% over the trailing twelve months. A negative ROE means the company lost money over the period.

What is Forrester Research, Inc.'s free cash flow?

Forrester Research, Inc. (FORR) generated $4.4M in free cash flow over the trailing twelve months.

What if you invested $1,000 in FORR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →