Forrester Research Inc (FORR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Forrester Research Inc stock $4.05, price $8.83, that is 54.1% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.
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Forrester Research Inc
FORR · USOur calculation puts a fair price 54% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range $5.05 – $60.73 · fair‑value band $3.97 – $4.11 · the $8.83 price screens above the $4.05 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Company profile
Forrester Research, Inc. operates as an independent research and advisory company in the United States, Europe, the United Kingdom, Canada, Asia Pacific, and internationally. It operates in three segments: Research, Consulting, and Events.
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The Research segment primary subscription research services include Forrester Decisions which are designed to provide business and technology leaders with a proven path to growth through customer obsession.
This segment delivers content, such as future trends, predictions, and market forecasts; deep consumer and business buyer data and insights; curated best practice models and tools to run business functions; operational and performance benchmarking data; and technology and service market landscapes and vendor evaluations.
Its Consulting segment provides consulting projects, content marketing, and advisory services. The Events segment hosts events related to business-to-business marketing, sales and product leadership, customer experience, security and risk, and new technology and innovation.
It sells its products and services through direct sales force. Forrester Research, Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.
Stock analysis
Forrester Research Inc (FORR) currently trades at $8.83, while our model-based Fair Value estimate is $4.05, 54% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $14.26 per share, and 6 of the 12 models we run sit above the $8.83 price.
Bear case: the Multiples group reads lowest at $1.29, and 6 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $3.97 (bear) to $4.11 (bull), the price of $8.83 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Forrester Research Inc reported revenue of $397M in FY2025 versus $494M in FY2021, a compound −5.3%/yr. Reported net income was −$119M in FY2025.
Key figures
Market cap $168M Micro · P/S ratio 0.56 · EPS (TTM) $−2.36 · Net margin −12.0% · Return on equity −30.3% · Return on assets (EBIT) 2.6% (5-year average) · Operating margin 2.1% · Revenue (TTM) $373M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 75% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −7% fair-value upside, at −54%, FORR screens richer than that median.
Fair Value models
All 12 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 3 officers or directors sold shares worth $198,910 and none bought.
- SaleLeo Christian FinnChief Financial Officer7,000 shares at $11.78$82,460Aug 20, 2026
- SaleRyan DarrahChief Legal Officer5,000 shares at $11.78$58,900Aug 20, 2026
- SaleCarrie JohnsonChief Product Officer5,000 shares at $11.51$57,550Aug 13, 2026
Plus 13 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
FORR screens overvalued: fair value 54% below the price. Compare with Verisk Analytics, Inc →
Compare Forrester Research Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Consulting Services · 74 stocks
Valuation Multiplesvs Consulting Services median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Dividend yield by industry
- EV/EBITDA by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Consulting Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Booz Allen Hamilton Holding BAH | $85.35 | $159.98 | +87% | vs FORR |
| ICF International, Inc ICFI | $79.68 | $99.21 | +25% | vs FORR |
| Huron Consulting Group HURN | $166.82 | $183.50 | +10% | vs FORR |
| Bureau Veritas SA BVI | €29.95 | €27.88 | −7% | vs FORR |
| FTI Consulting, Inc FCN | $195.71 | $182.15 | −7% | vs FORR |
| DKSH Holding DKSH | CHF 76.70 | CHF 65.52 | −15% | vs FORR |
| Verisk Analytics, Inc VRSK | $204.59 | $148.69 | −27% | vs FORR |
| SGS SA SGSN | CHF 101.95 | CHF 70.45 | −31% | vs FORR |
| Equifax Inc EFX | $189.59 | $109.01 | −43% | vs FORR |
| ALS Limited ALQ | A$20.80 | A$11.18 | −46% | vs FORR |
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Key figures of Forrester Research Inc
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