A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Forrester Research's Debt-to-EBITDA or its related term are showing as below:
FORR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.58 Med: 2.09 Max: 4.97
Current: -2.58
During the past 13 years, the highest Debt-to-EBITDA Ratio of Forrester Research was 4.97. The lowest was -2.58. And the median was 2.09.
FORR's Debt-to-EBITDA is ranked worse than 100% of 839
companies
in the Business Services industry
Industry Median: 1.6
vs FORR: -2.58
Forrester Research (NAS:FORR) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Forrester Research Debt-to-EBITDA Related Terms
Forrester Research Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Forrester Research's Debt-to-EBITDA 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.
For the Consulting Services subindustry, Forrester Research's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Business Services Industry
For the Business Services industry and Industrials sector, Forrester Research's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Forrester Research's Debt-to-EBITDA 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Forrester Research (FORR) has a Debt-to-EBITDA of -1.22 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Forrester Research. According to the industry distribution chart, Forrester Research ranks #999999 out of 839 companies in the Business Services industry.
Is Forrester Research's Debt-to-EBITDA too high?
Forrester Research's current Debt-to-EBITDA is -1.22. Based on the distribution chart, Forrester Research ranks #999999 out of 839 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, Forrester Research has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forrester Research's Debt-to-EBITDA compare to RGP and EGG?
According to the Business Services industry distribution chart, Forrester Research ranks #999999 out of 839 companies for Debt-to-EBITDA. This places Forrester Research in the lower half of its industry. The industry median Debt-to-EBITDA is 1.60. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.60, based on 839 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Forrester Research. For the Business Services industry, the median Debt-to-EBITDA is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forrester Research's current Debt-to-EBITDA is -1.22. 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 Possible Value Trap. The stock's GF Value™ is $13.69, compared to a current price of $9.44 — trading 31% below its estimated fair value. The current Debt-to-EBITDA is -1.22. Forrester Research's overall GF Score™ is 58/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Forrester Research (FORR), the current Debt-to-EBITDA is -1.22 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 $9.44 is trading 31% below its estimated GF Value™ of $13.69.
GuruFocus considers Forrester Research to be Possible Value Trap.
Key valuation signals for FORR:
Debt-to-EBITDA: -1.22
GF Value™: $13.69 vs. price of $9.44 (31% below fair value)
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.
58GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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