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Forestar GroupFOR +0.33%83 Debt-to-Equity is 0.44 as of Jun. 2026, which is 14% below its 10-year median of 0.51. GuruFocus rates FOR with a GF Score™ of 83/100 and a GF Value™ of $30.11 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,542 Real Estate companies, Forestar Group ranks better than 64.2% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Forestar Group's Debt-to-Equity or its related term are showing as below:
FOR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.17 Med: 0.51 Max: 0.77
Current: 0.44
During the past 13 years, the highest Debt-to-Equity Ratio of Forestar Group was 0.77. The lowest was 0.17. And the median was 0.51.
FOR's Debt-to-Equity is ranked better than 64.2% of 1542
companies
in the Real Estate industry
Industry Median: 0.745
vs FOR: 0.44
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Forestar Group Debt-to-Equity Related Terms
Forestar Group Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Forestar Group's Debt-to-Equity 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 Real Estate - Development subindustry, Forestar Group's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
Forestar Group Debt-to-Equity vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Forestar Group's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Forestar Group's Debt-to-Equity 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.
Forestar Group (FOR) has a Debt-to-Equity of 0.44 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forestar Group and its competitors. This is 14% below median its historical median of 0.51. Over the past decade, Forestar Group's Debt-to-Equity has ranged from 0.17 to 0.77. According to the industry distribution chart, Forestar Group ranks #552 out of 1542 companies in the Real Estate industry, placing it in the top 35.8%.
Is Forestar Group's Debt-to-Equity too high?
Forestar Group's current Debt-to-Equity of 0.44 is 14% below median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.17 to a high of 0.77. The Real Estate industry median Debt-to-Equity is 0.75. Forestar Group's value of 0.44 is 40.9% below this industry median. Based on the distribution chart, Forestar Group ranks #552 out of 1542 companies in the Real Estate industry, which is above the industry midpoint. Overall, Forestar Group has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Forestar Group's Debt-to-Equity compare to CCS and FPH?
According to the Real Estate industry distribution chart, Forestar Group ranks #552 out of 1542 companies for Debt-to-Equity. This puts Forestar Group in the upper half of its industry. The industry median Debt-to-Equity is 0.75. Forestar Group's value of 0.44 is 40.9% below this benchmark. Historically, Forestar Group's own Debt-to-Equity has ranged from 0.17 to 0.77 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.75, Forestar Group has consistently been below 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 Debt-to-Equity for a Real Estate company?
The median Debt-to-Equity among Real Estate companies is 0.75, based on 1,542 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forestar Group's current Debt-to-Equity of 0.44 is 40.9% below 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forestar Group and its competitors. For the Real Estate industry, the median Debt-to-Equity is 0.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forestar Group's current Debt-to-Equity is 0.44, which is 14% below median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forestar Group stock overvalued right now?
Based on GuruFocus' analysis, Forestar Group (FOR) is currently considered Fairly Valued. The stock's GF Value™ is $30.11, compared to a current price of $29.29 — trading 2.7% below its estimated fair value. The current Debt-to-Equity is 0.44, which is 14% below median its 10-year median of 0.51 and 40.9% below the Real Estate industry median of 0.75. Forestar Group's overall GF Score™ is 83/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Forestar Group (FOR), the current Debt-to-Equity is 0.44 as of Jun. 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 Forestar Group (FOR) Overvalued in 2026?
Based on GuruFocus' analysis, Forestar Group stock appears to be undervalued.
The current stock price of $29.29 is trading 2.7% below its estimated GF Value™ of $30.11.
GuruFocus considers Forestar Group to be Fairly Valued.
Key valuation signals for FOR:
Debt-to-Equity: 0.44 (14% below median its 10-year median of 0.51)
GF Value™: $30.11 vs. price of $29.29 (2.7% below fair value)
Industry Position: 40.9% below the Real Estate median (#552 of 1542)
No single metric tells the full story. See the FOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forestar Group Inc is a residential lot development company engaged in land acquisition and development for the sale of finished single-family residential lots to local, regional, and national homebuilders. The company operates through a single real estate segment, which acquires land, installs infrastructure for residential communities, and generates all revenue from lot sales. Its communities mainly support entry-level, first-time move-up, and active-adult homes, with certain communities also marketed to build-to-rent operators. The company generally invests in entitled, short-duration projects that can be developed in phases to align lot production with market demand and support efficient capital deployment.
83GF Score
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