Forrester ResearchFORR +3.00%57 EV-to-FCF is 8.80 as of Jul. 05, 2026, which is 52% below its 10-year median of 18.43. 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 720 Business Services companies, Forrester Research ranks better than 63.89% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Forrester Research's Enterprise Value is $100.3 Mil.
Forrester Research's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $11.4 Mil. Therefore, Forrester Research's EV-to-FCF for today is 8.80.
The historical rank and industry rank for Forrester Research's EV-to-FCF or its related term are showing as below:
FORR'
s EV-to-FCF Range Over the Past 10 Years
Min: -216.21 Med: 18.43 Max: 85.88
Current: 8.8
During the past 13 years, the highest EV-to-FCF of Forrester Research was 85.88. The lowest was -216.21. And the median was 18.43.
FORR's EV-to-FCF is ranked better than 63.89% of 720
companies
in the Business Services industry
Industry Median: 12.47
vs FORR: 8.80
EV-to-FCF 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-FCF Explanation
EV-to-FCF 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 $9.44.
Forrester Research's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.830.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Forrester Research EV-to-FCF Related Terms
Forrester Research EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Forrester Research's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Business Services Industry
For the Business Services industry and Industrials sector, Forrester Research's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Forrester Research's EV-to-FCF falls into.
Forrester Research's current Enterprise Value is $100.3 Mil.
Forrester Research's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.4 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-FCF of 8.80 as of Jul. 05, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Forrester Research and its competitors. This is 52% below median its historical median of 18.43. According to the industry distribution chart, Forrester Research ranks #260 out of 720 companies in the Business Services industry, placing it in the top 36.1%.
Is Forrester Research's EV-to-FCF too high?
Forrester Research's current EV-to-FCF of 8.80 is 52% below median its 10-year median of 18.43. The Business Services industry median EV-to-FCF is 12.47. Forrester Research's value of 8.80 is 29.4% below this industry median. Based on the distribution chart, Forrester Research ranks #260 out of 720 companies in the Business Services industry, which is above 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 EV-to-FCF compare to RGP and EGG?
According to the Business Services industry distribution chart, Forrester Research ranks #260 out of 720 companies for EV-to-FCF. This puts Forrester Research in the upper half of its industry. The industry median EV-to-FCF is 12.47. Forrester Research's value of 8.80 is 29.4% below this benchmark. While the company's 10-year median is 18.43 vs. the industry median of 12.47, 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-FCF for a Business Services company?
The median EV-to-FCF among Business Services companies is 12.47, based on 720 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forrester Research's current EV-to-FCF of 8.80 is 29.4% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Forrester Research and its competitors. For the Business Services industry, the median EV-to-FCF is 12.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forrester Research's current EV-to-FCF is 8.80, which is 52% below median its own 10-year median of 18.43. 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 EV-to-FCF is 8.80, which is 52% below median its 10-year median of 18.43 and 29.4% below the Business Services industry median of 12.47. 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 EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Forrester Research (FORR), the current EV-to-FCF is 8.80 as of Jul. 05, 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:
EV-to-FCF: 8.80 (52% below median its 10-year median of 18.43)
GF Value™: $13.68 vs. price of $9.44 (31% below fair value)
Industry Position: 29.4% below the Business Services median (#260 of 720)
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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