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Forestar GroupFOR +0.14%83 ROC (Joel Greenblatt) % is 338.63% as of Jun. 2026, which is 44% below its 10-year median of 604.08. 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 1,752 Real Estate companies, Forestar Group ranks better than 87.5% on this metric.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. Forestar Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 338.63%.
The historical rank and industry rank for Forestar Group's ROC (Joel Greenblatt) % or its related term are showing as below:
FOR'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 25.22 Med: 604.08 Max: 1057.89
Current: 391.64
During the past 13 years, Forestar Group's highest ROC (Joel Greenblatt) % was 1057.89%. The lowest was 25.22%. And the median was 604.08%.
FOR's ROC (Joel Greenblatt) % is ranked better than 87.5% of 1752
companies
in the Real Estate industry
Industry Median: 13.465
vs FOR: 391.64
Forestar Group's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -10.50% per year.
Forestar Group (NYSE:FOR) ROC (Joel Greenblatt) % Explanation
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
Forestar Group ROC (Joel Greenblatt) % Related Terms
Forestar Group ROC (Joel Greenblatt) % Historical Data
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The historical data trend for Forestar Group's ROC (Joel Greenblatt) % 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 vs CCS, FPH, SKYH: ROC (Joel Greenblatt) % Comparison
For the Real Estate - Development subindustry, Forestar Group's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % 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 ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Forestar Group's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Forestar Group's ROC (Joel Greenblatt) % falls into.
Forestar Group ROC (Joel Greenblatt) % Calculation
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.
* 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 ROC (Joel Greenblatt) % of 338.63% mean?
Forestar Group (FOR) has a ROC (Joel Greenblatt) % of 338.63% as of Jun. 2026. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Forestar Group and its competitors. This is 44% below median its historical median of 604.08. Over the past decade, Forestar Group's ROC (Joel Greenblatt) % has ranged from 25.22 to 1,057.89. According to the industry distribution chart, Forestar Group ranks #219 out of 1752 companies in the Real Estate industry, placing it in the top 12.5%.
Is Forestar Group's ROC (Joel Greenblatt) % too high?
Forestar Group's current ROC (Joel Greenblatt) % of 338.63% is 44% below median its 10-year median of 604.08. Over the past 10 years, this metric has ranged from a low of 25.22 to a high of 1,057.89. The Real Estate industry median ROC (Joel Greenblatt) % is 13.47. Forestar Group's value of 338.63% is 2414.9% above this industry median. Based on the distribution chart, Forestar Group ranks #219 out of 1752 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. 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 ROC (Joel Greenblatt) % compare to CCS and FPH?
According to the Real Estate industry distribution chart, Forestar Group ranks #219 out of 1752 companies for ROC (Joel Greenblatt) %. This places Forestar Group in the top 13% of its industry — outperforming the majority of peers. The industry median ROC (Joel Greenblatt) % is 13.47. Forestar Group's value of 338.63% is 2414.9% above this benchmark. Historically, Forestar Group's own ROC (Joel Greenblatt) % has ranged from 25.22 to 1,057.89 over the past decade. While the company's 10-year median is 604.08 vs. the industry median of 13.47, Forestar Group 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 ROC (Joel Greenblatt) % for a Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 13.47, based on 1,752 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forestar Group's current ROC (Joel Greenblatt) % of 338.63% is 2414.9% 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 ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on Forestar Group and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forestar Group's current ROC (Joel Greenblatt) % is 338.63%, which is 44% below median its own 10-year median of 604.08. 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 $29.23 — trading 2.9% below its estimated fair value. The current ROC (Joel Greenblatt) % is 338.63%, which is 44% below median its 10-year median of 604.08 and 2414.9% above the Real Estate industry median of 13.47. 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 ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For Forestar Group (FOR), the current ROC (Joel Greenblatt) % is 338.63% 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 $29.23 is trading 2.9% below its estimated GF Value™ of $30.11.
GuruFocus considers Forestar Group to be Fairly Valued.
Key valuation signals for FOR:
ROC (Joel Greenblatt) %: 338.63% (44% below median its 10-year median of 604.08)
GF Value™: $30.11 vs. price of $29.23 (2.9% below fair value)
Industry Position: 2414.9% above the Real Estate median (#219 of 1752)
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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