Forrester ResearchFORR +3.00%57 Debt-to-Equity is 0.59 as of Mar. 2026, which is 4% above its 10-year median of 0.57. GuruFocus rates FORR with a GF Score™ of 57/100 and a GF Value™ of $13.68 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 955 Business Services companies, Forrester Research ranks worse than 64.19% 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 Forrester Research's Debt-to-Equity or its related term are showing as below:
FORR'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.27 Med: 0.57 Max: 1.49
Current: 0.59
During the past 13 years, the highest Debt-to-Equity Ratio of Forrester Research was 1.49. The lowest was 0.27. And the median was 0.57.
FORR's Debt-to-Equity is ranked worse than 64.19% of 955
companies
in the Business Services industry
Industry Median: 0.33
vs FORR: 0.59
Forrester Research (NAS:FORR) Debt-to-Equity Explanation
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.
Forrester Research Debt-to-Equity Related Terms
Forrester Research Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Forrester Research'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 Consulting Services subindustry, Forrester Research'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.
Forrester Research Debt-to-Equity vs Business Services Industry
For the Business Services industry and Industrials sector, Forrester Research's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Forrester Research'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.
Forrester Research (FORR) has a Debt-to-Equity of 0.59 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forrester Research and its competitors. This is near median its historical median of 0.57. Over the past decade, Forrester Research's Debt-to-Equity has ranged from 0.27 to 1.49. According to the industry distribution chart, Forrester Research ranks #613 out of 955 companies in the Business Services industry, placing it in the top 64.2%.
Is Forrester Research's Debt-to-Equity too high?
Forrester Research's current Debt-to-Equity of 0.59 is near median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 1.49. The Business Services industry median Debt-to-Equity is 0.33. Forrester Research's value of 0.59 is 78.8% above this industry median. Based on the distribution chart, Forrester Research ranks #613 out of 955 companies in the Business Services industry, which is below the industry midpoint. Overall, Forrester Research has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forrester Research's Debt-to-Equity compare to RGP and EGG?
According to the Business Services industry distribution chart, Forrester Research ranks #613 out of 955 companies for Debt-to-Equity. This places Forrester Research in the lower half of its industry. The industry median Debt-to-Equity is 0.33. Forrester Research's value of 0.59 is 78.8% above this benchmark. Historically, Forrester Research's own Debt-to-Equity has ranged from 0.27 to 1.49 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.33, 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 Debt-to-Equity for a Business Services company?
The median Debt-to-Equity among Business Services companies is 0.33, based on 955 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. Forrester Research's current Debt-to-Equity of 0.59 is 78.8% 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 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 Forrester Research and its competitors. For the Business Services industry, the median Debt-to-Equity is 0.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forrester Research's current Debt-to-Equity is 0.59, which is near median its own 10-year median of 0.57. 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 $13.68, compared to a current price of $9.44 — trading 31% below its estimated fair value. The current Debt-to-Equity is 0.59, which is near median its 10-year median of 0.57 and 78.8% above the Business Services industry median of 0.33. Forrester Research's overall GF Score™ is 57/100 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 Forrester Research (FORR), the current Debt-to-Equity is 0.59 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 $13.68.
GuruFocus considers Forrester Research to be Possible Value Trap.
Key valuation signals for FORR:
Debt-to-Equity: 0.59 (near median its 10-year median of 0.57)
GF Value™: $13.68 vs. price of $9.44 (31% below fair value)
Industry Position: 78.8% above the Business Services median (#613 of 955)
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.
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