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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 -2.09%65 EV-to-OCF is 6.88 as of Aug. 09, 2026, which is 56% below its 10-year median of 15.78. GuruFocus rates FORR with a GF Score™ of 65/100 and a GF Value™ of $12.02 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,096 Business Services companies, Forrester Research ranks worse than 50.46% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Forrester Research's Enterprise Value is $158.2 Mil.
Forrester Research's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $23.0 Mil. Therefore, Forrester Research's EV-to-OCF for today is 6.88.
The historical rank and industry rank for Forrester Research's EV-to-OCF or its related term are showing as below:
FORR'
s EV-to-OCF Range Over the Past 10 Years
Min: -69.42 Med: 15.78 Max: 90.16
Current: 6.88
During the past 13 years, the highest EV-to-OCF of Forrester Research was 90.16. The lowest was -69.42. And the median was 15.78.
FORR's EV-to-OCF is ranked worse than 50.46% of 1096
companies
in the Business Services industry
Industry Median: 7.075
vs FORR: 6.88
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Forrester Research (NAS:FORR) EV-to-OCF Explanation
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Forrester Research's PE Ratio (TTM) for today is calculated as:
Forrester Research's share price for today is $11.82.
Forrester Research's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.250.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Forrester Research EV-to-OCF Related Terms
Forrester Research EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Forrester Research's EV-to-OCF 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 EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Business Services Industry
For the Business Services industry and Industrials sector, Forrester Research's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Forrester Research's EV-to-OCF falls into.
Forrester Research's current Enterprise Value is $158.2 Mil.
Forrester Research's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $23.0 Mil.
* 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 EV-to-OCF of 6.88 as of Aug. 09, 2026. This is 56% below median its historical median of 15.78. According to the industry distribution chart, Forrester Research ranks #553 out of 1096 companies in the Business Services industry, placing it in the top 50.5%.
Is Forrester Research's EV-to-OCF too high?
Forrester Research's current EV-to-OCF of 6.88 is 56% below median its 10-year median of 15.78. The Business Services industry median EV-to-OCF is 7.08. Forrester Research's value of 6.88 is 2.8% below this industry median. Based on the distribution chart, Forrester Research ranks #553 out of 1096 companies in the Business Services industry, which is below the industry midpoint. Overall, Forrester Research has a GF Score™ of 65/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Forrester Research's EV-to-OCF compare to GLAI and EGG?
According to the Business Services industry distribution chart, Forrester Research ranks #553 out of 1096 companies for EV-to-OCF. This places Forrester Research in the lower half of its industry. The industry median EV-to-OCF is 7.08. Forrester Research's value of 6.88 is 2.8% below this benchmark. While the company's 10-year median is 15.78 vs. the industry median of 7.08, Forrester Research 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 EV-to-OCF for a Business Services company?
The median EV-to-OCF among Business Services companies is 7.08, based on 1,096 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forrester Research's current EV-to-OCF of 6.88 is 2.8% 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Business Services industry, the median EV-to-OCF is 7.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forrester Research's current EV-to-OCF is 6.88, which is 56% below median its own 10-year median of 15.78. 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 Fairly Valued. The stock's GF Value™ is $12.02, compared to a current price of $11.82 — trading 1.7% below its estimated fair value. The current EV-to-OCF is 6.88, which is 56% below median its 10-year median of 15.78 and 2.8% below the Business Services industry median of 7.08. Forrester Research's overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Forrester Research (FORR), the current EV-to-OCF is 6.88 as of Aug. 09, 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 $11.82 is trading 1.7% below its estimated GF Value™ of $12.02.
GuruFocus considers Forrester Research to be Fairly Valued.
Key valuation signals for FORR:
EV-to-OCF: 6.88 (56% below median its 10-year median of 15.78)
GF Value™: $12.02 vs. price of $11.82 (1.7% below fair value)
Industry Position: 2.8% below the Business Services median (#553 of 1096)
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.
65GF Score
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