Overview Dividends

(FOR) Forestar - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3462321015

Residential Lots, Land Acquisition, Infrastructure Development

Real Estate Development
Market Cap in USD: 1,303m

IPO / Inception: 2007-12-12
Return 12m vs S&P 500: -9.73%

EPS (Earnings per Share)

EPS CAGR: -50.60%
EPS Trend: -16.8%

Last SUE: -1.13
Qual. Beats: 0

Revenue

Rev. CAGR: 14.19%
Rev. Trend: 23.2%

Last SUE: 1.49
Qual. Beats: 1

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	48.9%
Value at Risk 5%th	69.2%
Relative Tail Risk	-14.11%

Reward TTM
Sharpe Ratio	0.25
Alpha	-10.35
CAGR/Max DD	0.32

Character TTM
Hurst Exponent	0.345
Beta	0.773
Beta Downside	0.520

Drawdowns 3y
Max DD	54.72%
Mean DD	22.83%
Median DD	22.10%

Description: FOR Forestar November 17, 2025

Forestar Group Inc. (NYSE: FOR) is a U.S.-based residential lot developer that acquires raw land, installs basic infrastructure (roads, utilities, drainage) and sells finished single-family lots to homebuilders ranging from local contractors to national builders. The firm was founded in 2005, is headquartered in Arlington, Texas, and operates as a wholly-owned subsidiary of D.R. Horton, the nation’s largest homebuilder.

Key operating metrics (as of the most recent 10-K) include a land inventory of roughly 2,300 acres, an average lot price of $78 k, and a gross margin on lot sales of about 38 %. The business is highly sensitive to macro-drivers such as U.S. housing starts, mortgage-rate trends, and regional population growth-particularly in Sun Belt metros where demand for single-family homes remains above the national average.

If you want a data-rich, side-by-side comparison of FOR’s valuation multiples and risk profile, a quick look at ValueRay’s analyst toolkit can provide the deeper quantitative context you need to assess the opportunity.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (168.0m TTM) > 0 and > 6% of Revenue (6% = 99.7m TTM)

FCFTA -0.07 (>2.0%) and ΔFCFTA -1.36pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 23.78% (prev 6.62%; Δ 17.16pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.07 (>3.0%) and CFO -197.7m <= Net Income 168.0m (YES >=105%, WARN >=100%)

Net Debt (437.9m) to EBITDA (217.8m) ratio: 2.01 <= 3.0 (WARN <= 3.5)

Current Ratio 5.60 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (50.9m) change vs 12m ago -0.20% (target <= -2.0% for YES)

Gross Margin 21.87% (prev 23.88%; Δ -2.02pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 58.53% (prev 53.15%; Δ 5.38pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -42.86 (EBITDA TTM 217.8m / Interest Expense TTM -5.00m) >= 6 (WARN >= 3)

Altman Z'' 3.21

(A) 0.14 = (Total Current Assets 481.2m - Total Current Liabilities 85.9m) / Total Assets 2.84b

(B) 0.31 = Retained Earnings (Balance) 878.2m / Total Assets 2.84b

(D) 0.75 = Book Value of Equity 928.9m / Total Liabilities 1.25b

Total Rating: 3.21 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 44.49

1. Piotroski 3.50pt

2. FCF Yield -11.44%

3. FCF Margin -11.98%

4. Debt/Equity 0.51

5. Debt/Ebitda 2.01

6. ROIC - WACC (= 1.10)%

7. RoE 10.28%

8. Rev. Trend 23.19%

9. EPS Trend -16.78%

What is the price of FOR shares?

As of January 10, 2026, the stock is trading at USD 27.41 with a total of 141,960 shares traded.
Over the past week, the price has changed by +12.71%, over one month by +9.90%, over three months by +7.15% and over the past year by +9.20%.

Is FOR a buy, sell or hold?

Forestar has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy FOR.

Strong Buy: 3
Buy: 0
Hold: 1
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the FOR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	32.3	17.7%
Analysts Target Price	32.3	17.7%
ValueRay Target Price	29.5	7.5%

FOR Fundamental Data Overview January 10, 2026

P/E Trailing = 7.4883
P/S = 0.7839
P/B = 0.7092
P/EG = 3.5
Beta = 1.416
Revenue TTM = 1.66b USD
EBIT TTM = 214.3m USD
EBITDA TTM = 217.8m USD
Long Term Debt = 802.7m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 817.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 437.9m USD (from netDebt column, last quarter)
Enterprise Value = 1.74b USD (1.30b + Debt 817.1m - CCE 379.2m)
Interest Coverage Ratio = -42.86 (Ebit TTM 214.3m / Interest Expense TTM -5.00m)
EV/FCF = -8.74x (Enterprise Value 1.74b / FCF TTM -199.2m)
FCF Yield = -11.44% (FCF TTM -199.2m / Enterprise Value 1.74b)
FCF Margin = -11.98% (FCF TTM -199.2m / Revenue TTM 1.66b)
Net Margin = 10.11% (Net Income TTM 168.0m / Revenue TTM 1.66b)
Gross Margin = 21.87% ((Revenue TTM 1.66b - Cost of Revenue TTM 1.30b) / Revenue TTM)
Gross Margin QoQ = 22.31% (prev 20.41%)
Tobins Q-Ratio = 0.61 (Enterprise Value 1.74b / Total Assets 2.84b)
Interest Expense / Debt = 0.24% (Interest Expense 2.00m / Debt 817.1m)
Taxrate = 23.08% (26.1m / 113.1m)
NOPAT = 164.8m (EBIT 214.3m * (1 - 23.08%))
Current Ratio = 5.60 (Total Current Assets 481.2m / Total Current Liabilities 85.9m)
Debt / Equity = 0.51 (Debt 817.1m / totalStockholderEquity, last quarter 1.60b)
Debt / EBITDA = 2.01 (Net Debt 437.9m / EBITDA 217.8m)
Debt / FCF = -2.20 (negative FCF - burning cash) (Net Debt 437.9m / FCF TTM -199.2m)
Total Stockholder Equity = 1.63b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.92% (Net Income 168.0m / Total Assets 2.84b)
RoE = 10.28% (Net Income TTM 168.0m / Total Stockholder Equity 1.63b)
RoCE = 8.80% (EBIT 214.3m / Capital Employed (Equity 1.63b + L.T.Debt 802.7m))
RoIC = 6.55% (NOPAT 164.8m / Invested Capital 2.52b)
WACC = 5.46% (E(1.30b)/V(2.12b) * Re(8.76%) + D(817.1m)/V(2.12b) * Rd(0.24%) * (1-Tc(0.23)))
Discount Rate = 8.76% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.43%
Fair Price DCF = unknown (Cash Flow -199.2m)
EPS Correlation: -16.78 | EPS CAGR: -50.60% | SUE: -1.13 | # QB: 0
Revenue Correlation: 23.19 | Revenue CAGR: 14.19% | SUE: 1.49 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.66 | Chg30d=+0.000 | Revisions Net=+0 | Analysts=3
EPS current Year (2026-09-30): EPS=3.03 | Chg30d=+0.000 | Revisions Net=-2 | Growth EPS=-8.3% | Growth Revenue=-0.6%
EPS next Year (2027-09-30): EPS=3.49 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+15.3% | Growth Revenue=+10.7%

Additional Sources for FOR Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle