Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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 -0.09%65 Intrinsic Value: Projected FCF is $21.65 as of Aug. 05, 2026, which is 1414% above its 10-year median of 1.43. GuruFocus rates FORR with a GF Scoreâ„¢ of 65/100 and a GF Valueâ„¢ of $13.51 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 689 Business Services companies, Forrester Research ranks better than 75.76% on this metric.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
As of today (2026-08-05), Forrester Research's Intrinsic Value: Projected FCF is $21.65. The stock price of Forrester Research is $11.72. Therefore, Forrester Research's Price-to-Intrinsic-Value-Projected-FCF of today is 0.5.
The historical rank and industry rank for Forrester Research's Intrinsic Value: Projected FCF or its related term are showing as below:
FORR'
s Price-to-Projected-FCF Range Over the Past 10 Years
Min: 0.26 Med: 1.43 Max: 2.13
Current: 0.54
During the past 13 years, the highest Price-to-Intrinsic-Value-Projected-FCF of Forrester Research was 2.13. The lowest was 0.26. And the median was 1.43.
FORR's Price-to-Projected-FCF is ranked better than 75.76% of 689
companies
in the Business Services industry
Industry Median: 0.87
vs FORR: 0.54
Forrester Research (NAS:FORR) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
Forrester Research's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
11.72
/
14.352276247764
=
0.82
* 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 Intrinsic Value: Projected FCF Related Terms
Forrester Research Intrinsic Value: Projected FCF Historical Data
* Premium members only.
The historical data trend for Forrester Research's Intrinsic Value: Projected 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.
Forrester Research Intrinsic Value: Projected FCF Chart
FORR vs GLAI, EGG, RGP: Intrinsic Value: Projected FCF Comparison
For the Consulting Services subindustry, Forrester Research's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-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 Price-to-Projected-FCF vs Business Services Industry
For the Business Services industry and Industrials sector, Forrester Research's Price-to-Projected-FCF distribution charts can be found below:
* The bar in red indicates where Forrester Research's Price-to-Projected-FCF falls into.
Forrester Research Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $21.65 mean?
Forrester Research (FORR) has a Intrinsic Value: Projected FCF of $21.65 as of Aug. 05, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Forrester Research and its competitors. This is 1414% above median its historical median of 1.43. Over the past decade, Forrester Research's Intrinsic Value: Projected FCF has ranged from 0.26 to 2.13. According to the industry distribution chart, Forrester Research ranks #167 out of 689 companies in the Business Services industry, placing it in the top 24.2%.
Is Forrester Research's Intrinsic Value: Projected FCF too high?
Forrester Research's current Intrinsic Value: Projected FCF of $21.65 is 1414% above median its 10-year median of 1.43. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 2.13. The Business Services industry median Intrinsic Value: Projected FCF is 0.87. Forrester Research's value of $21.65 is 2388.5% above this industry median. Based on the distribution chart, Forrester Research ranks #167 out of 689 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Forrester Research has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Forrester Research's Intrinsic Value: Projected FCF compare to GLAI and EGG?
According to the Business Services industry distribution chart, Forrester Research ranks #167 out of 689 companies for Intrinsic Value: Projected FCF. This places Forrester Research in the top 24% of its industry — outperforming the majority of peers. The industry median Intrinsic Value: Projected FCF is 0.87. Forrester Research's value of $21.65 is 2388.5% above this benchmark. Historically, Forrester Research's own Intrinsic Value: Projected FCF has ranged from 0.26 to 2.13 over the past decade. While the company's 10-year median is 1.43 vs. the industry median of 0.87, 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 Intrinsic Value: Projected FCF for a Business Services company?
The median Intrinsic Value: Projected FCF among Business Services companies is 0.87, based on 689 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forrester Research's current Intrinsic Value: Projected FCF of $21.65 is 2388.5% 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on Forrester Research and its competitors. For the Business Services industry, the median Intrinsic Value: Projected FCF is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forrester Research's current Intrinsic Value: Projected FCF is $21.65, which is 1414% above median its own 10-year median of 1.43. 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 Modestly Undervalued. The stock's GF Value™ is $13.51, compared to a current price of $11.72 — trading 13.2% below its estimated fair value. The current Intrinsic Value: Projected FCF is $21.65, which is 1414% above median its 10-year median of 1.43 and 2388.5% above the Business Services industry median of 0.87. 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 Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For Forrester Research (FORR), the current Intrinsic Value: Projected FCF is $21.65 as of Aug. 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 $11.72 is trading 13.2% below its estimated GF Value™ of $13.51.
GuruFocus considers Forrester Research to be Modestly Undervalued.
Key valuation signals for FORR:
Intrinsic Value: Projected FCF: $21.65 (1414% above median its 10-year median of 1.43)
GF Value™: $13.51 vs. price of $11.72 (13.2% below fair value)
Industry Position: 2388.5% above the Business Services median (#167 of 689)
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
Get the complete analysis for FORR
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FORR has been successfully added to your 
