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Forrester Research ROE %

: 8.98% (As of Sep. 2021)
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ROE % is calculated as Net Income attributable to Common Stockholders (Net Income minus dividends to participating security holders) divided by its average Total Stockholders Equity over a certain period of time. Forrester Research's annualized net income attributable to common stockholders for the quarter that ended in Sep. 2021 was $18.1 Mil. Forrester Research's average Total Stockholders Equity over the quarter that ended in Sep. 2021 was $201.3 Mil. Therefore, Forrester Research's annualized ROE % for the quarter that ended in Sep. 2021 was 8.98%.

The historical rank and industry rank for Forrester Research's ROE % or its related term are showing as below:

NAS:FORR' s ROE % Range Over the Past 10 Years
Min: -6.18   Med: 8.37   Max: 12.73
Current: 10.07

-6.18
12.73

During the past 13 years, Forrester Research's highest ROE % was 12.73%. The lowest was -6.18%. And the median was 8.37%.

NAS:FORR's ROE % is ranked higher than
55% of the 273 Companies
in the Business Services industry.

( Industry Median: 3.67 vs. NAS:FORR: 10.07 )

Forrester Research ROE % Historical Data

The historical data trend for Forrester Research's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forrester Research Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.73 10.40 10.51 -6.18 5.81

Forrester Research Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
ROE % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -8.64 5.38 8.37 16.95 8.98

Competitive Comparison

For the Consulting Services subindustry, Forrester Research's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Forrester Research ROE % Distribution

For the Business Services industry and Industrials sector, Forrester Research's ROE % distribution charts can be found below:

* The bar in red indicates where Forrester Research's ROE % falls into.



Forrester Research ROE % Calculation

Forrester Research's annualized ROE % for the fiscal year that ended in Dec. 2020 is calculated as

ROE %=Net Income attributable to Common Stockholders (A: Dec. 2020 )/( (Total Stockholders Equity (A: Dec. 2019 )+Total Stockholders Equity (A: Dec. 2020 ))/ count )
=9.99/( (158.088+185.766)/ 2 )
=9.99/171.927
=5.81 %

Forrester Research's annualized ROE % for the quarter that ended in Sep. 2021 is calculated as

ROE %=Net Income attributable to Common Stockholders (Q: Sep. 2021 )/( (Total Stockholders Equity (Q: Jun. 2021 )+Total Stockholders Equity (Q: Sep. 2021 ))/ count )
=18.088/( (201.502+201.152)/ 2 )
=18.088/201.327
=8.98 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income attributable to common stockholders of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income attributable to common stockholders data used here is four times the quarterly (Sep. 2021) net income attributable to common stockholders data. ROE % is displayed in the 30-year financial page.


Forrester Research  (NAS:FORR) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=18.088/201.327
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(18.088 / 472.544)*(472.544 / 661.621)*(661.621 / 201.327)
=Net Margin %*Asset Turnover*Equity Multiplier
=3.83 %*0.7142*3.2863
=ROA %*Equity Multiplier
=2.74 %*3.2863
=8.98 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=18.088/201.327
=(Net Income /Pre-Tax Income) * (Pre-Tax Income/Operating Income) * (Operating Income/Revenue) * (Revenue/Total Assets) * (Total Assets/Total Stockholders Equity)
= (18.088 / 21.152) * (21.152 / 26.156) * (26.156 / 472.544) * (472.544 / 661.621) * (661.621 / 201.327)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.8551 * 0.8087 * 5.54 % * 0.7142 * 3.2863
=8.98 %

Note: The net income attributable to common stockholders data used here is four times the quarterly (Sep. 2021) net income attributable to common stockholders data. The Revenue data used here is four times the quarterly (Sep. 2021) revenue data. The same rule applies to Pre-Tax Income and Operating Income.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.


Be Aware

Net income attributable to common stockholders is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Forrester Research ROE % Related Terms

Thank you for viewing the detailed overview of Forrester Research's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Forrester Research Business Description

Forrester Research logo
Industry
Industrials » Business Services NAICS : 541910 SIC : 8732
Traded in Other Exchanges
Address
60 Acorn Park Drive, Cambridge, MA, USA, 02140
Forrester Research Inc is a United-States-based company that provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.
Executives
Peltzman Steven P. officer: CBTO C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Bradford Neil director C/O FORRESTER RESEARCH INC 400 TECHNOLOGY SQ CAMBRIDGE MA 02129
Johnson Carrie officer: Chief Research Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Teichgraeber Gretchen director C/O FORRESTER RESEARCH 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139
Doyle Michael A officer: Chief Financial Officer C/O EASYLINK SERVICES CORPORATION 33 KNIGHTSBRIDGE ROAD PISCATAWAY NJ 08854
Chouinard Scott officer: Chief Accounting Officer C/O FORRESTER RESEARCH, INC. 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139
Darrah Ryan officer: Chief Legal Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Hippler Kelley officer: Chief Sales Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DR. CAMBRIDGE MA 02140
Kottmann Sherri officer: Chief People Officer C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Kasparian Michael officer: Chief Information Officer C/O FORRESTER RESEARCH 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Birch Jean director 3050 SOFT HORIZON WAY LAS VEGAS NV 89135
Boyce David director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Wassenaar Yvonne director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Friscia Anthony J director C/O FORRESTER RESEARCH, INC. 60 ACORN PARK DRIVE CAMBRIDGE MA 02140
Galford Robert director C/O FORRESTER RESEARCH 400 TECHNOLOGY SQUARE CAMBRIDGE MA 02139

Forrester Research Headlines

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