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Forestar Group Inc. FOR

NYSE · stock · Real Estate · website · IPO 2007-12-12 · LEI

Forestar Group Inc. statistics & valuation

Market cap$1.6B
P / E9.7×
P / S1.0×
P / B0.9×
Net margin10.1%
Return on equity9.5%
FCF margin-12.0%
Net debt$423.5M
Enterprise value USD$2.1B
Graham number +73.5%$50.64

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($50.64); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-97.50% 29.70% 44.00% 7.70% 6.50% 8.30% 11.80% 11.60% 13.50% 10.10% 2015201620172019202020212022202320242025
Gross margin (%)
2015201620172019202020212022202320242025
Operating margin (%)
11.00% 71.10% 34.80% 2015201620172019202020212022202320242025
Return on equity (%)
-42.30% 10.40% 8.30% 4.10% 7.00% 10.80% 14.90% 12.20% 12.80% 9.50% 2015201620172019202020212022202320242025
Shares outstanding
34.3M 42.3M 42.4M 42.0M 48.1M 49.6M 49.8M 50.1M 50.8M 51.1M 2015201620172019202020212022202320242025
Net debt ($)
$285.1M -$155.4M -$213.4M $77.7M $246.8M $550.9M $441.2M $79.0M $225.2M $423.5M 2015201620172019202020212022202320242025
Share buybacks ($)
2015201620172019202020212022202320242025
Return on assets (%)
-21.90% 8.00% 6.60% 2.30% 3.50% 5.20% 7.60% 6.80% 7.20% 5.40% 2015201620172019202020212022202320242025
Free cash flow margin (%)
-91.50% -18.10% -23.00% 6.90% 25.20% -10.60% -12.00% 2015201620172019202020212022202320242025
Debt / equity (×)
0.76× 0.20× 0.18× 0.57× 0.74× 0.69× 0.59× 0.51× 0.44× 0.45× 2015201620172019202020212022202320242025
EPS ($)
-$6.22 $1.38 $1.19 $0.79 $1.26 $2.25 $3.59 $3.33 $4.00 $3.29 2015201620172019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Forestar Group Inc. trades at about 8.9× earnings — near its 10-year norm (10-year range 3.2×–34.9×, median 9.5×).

3.2× 34.9×

Shaded band = 10-year range (3.2×–34.9×); dot = today's 8.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2017FY2016FY2015
Operating margin———————34.8%71.1%11.0%
Net margin10.1%13.5%11.6%11.8%8.3%6.5%7.7%44.0%29.7%-97.5%
FCF margin-12.0%-10.6%25.2%6.9%-23.0%-18.1%-91.5%———
Return on assets5.4%7.2%6.8%7.6%5.2%3.5%2.3%6.6%8.0%-21.9%
Return on equity9.5%12.8%12.2%14.9%10.8%7.0%4.1%8.3%10.4%-42.3%
Debt / equity0.45×0.44×0.51×0.59×0.69×0.74×0.57×0.18×0.20×0.76×

Computed from company filings · US · as of 2025-09-30. Facts plus Stocktoria's own computed scores — not investment advice.