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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Forrester ResearchFORR +18.07%64 Cash-to-Debt is 2.33 as of Mar. 2026, which is 54% above its 10-year median of 1.51. GuruFocus rates FORR with a GF Score™ of 64/100 and a GF Value™ of $13.55 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,074 Business Services companies, Forrester Research ranks better than 60.34% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Forrester Research's cash to debt ratio for the quarter that ended in Mar. 2026 was 2.33.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Forrester Researchcould pay off its debt using the cash in hand for the quarter that ended in Mar. 2026.
The historical rank and industry rank for Forrester Research's Cash-to-Debt or its related term are showing as below:
FORR'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.32 Med: 1.51 Max: No Debt
Current: 2.33
During the past 13 years, Forrester Research's highest Cash to Debt Ratio was No Debt. The lowest was 0.32. And the median was 1.51.
FORR's Cash-to-Debt is ranked better than 60.34% of 1074
companies
in the Business Services industry
Industry Median: 1.2
vs FORR: 2.33
Forrester Research (NAS:FORR) Cash-to-Debt Explanation
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Forrester Research Cash-to-Debt Related Terms
Forrester Research Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Forrester Research's Cash-to-Debt 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.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Consulting Services subindustry, Forrester Research's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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 Cash-to-Debt vs Business Services Industry
For the Business Services industry and Industrials sector, Forrester Research's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Forrester Research's Cash-to-Debt falls into.
* 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.
Forrester Research (FORR) has a Cash-to-Debt of 2.33 as of Mar. 2026. This is 54% above median its historical median of 1.51. Over the past decade, Forrester Research's Cash-to-Debt has ranged from 0.32 to 10,000.00. According to the industry distribution chart, Forrester Research ranks #426 out of 1074 companies in the Business Services industry, placing it in the top 39.7%.
Is Forrester Research's Cash-to-Debt too high?
Forrester Research's current Cash-to-Debt of 2.33 is 54% above median its 10-year median of 1.51. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 10,000.00. The Business Services industry median Cash-to-Debt is 1.20. Forrester Research's value of 2.33 is 94.2% above this industry median. Based on the distribution chart, Forrester Research ranks #426 out of 1074 companies in the Business Services industry, which is above the industry midpoint. Overall, Forrester Research has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forrester Research's Cash-to-Debt compare to GLAI and EGG?
According to the Business Services industry distribution chart, Forrester Research ranks #426 out of 1074 companies for Cash-to-Debt. This puts Forrester Research in the upper half of its industry. The industry median Cash-to-Debt is 1.20. Forrester Research's value of 2.33 is 94.2% above this benchmark. Historically, Forrester Research's own Cash-to-Debt has ranged from 0.32 to 10,000.00 over the past decade. While the company's 10-year median is 1.51 vs. the industry median of 1.20, Forrester Research has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for a Business Services company?
The median Cash-to-Debt among Business Services companies is 1.20, based on 1,074 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forrester Research's current Cash-to-Debt of 2.33 is 94.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median Cash-to-Debt is 1.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forrester Research's current Cash-to-Debt is 2.33, which is 54% above median its own 10-year median of 1.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forrester Research stock overvalued right now?
Based on GuruFocus' analysis, Forrester Research (FORR) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.55, compared to a current price of $11.50 — trading 15.1% below its estimated fair value. The current Cash-to-Debt is 2.33, which is 54% above median its 10-year median of 1.51 and 94.2% above the Business Services industry median of 1.20. Forrester Research's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Forrester Research (FORR), the current Cash-to-Debt is 2.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Forrester Research (FORR) Overvalued in 2026?
Based on GuruFocus' analysis, Forrester Research stock appears to be undervalued.
The current stock price of $11.50 is trading 15.1% below its estimated GF Value™ of $13.55.
GuruFocus considers Forrester Research to be Modestly Undervalued.
Key valuation signals for FORR:
Cash-to-Debt: 2.33 (54% above median its 10-year median of 1.51)
GF Value™: $13.55 vs. price of $11.50 (15.1% below fair value)
Industry Position: 94.2% above the Business Services median (#426 of 1074)
No single metric tells the full story. See the FORR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forrester Research Inc 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.
64GF Score
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