Forge Innovation Development Corp (FGNV) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Forge Innovation Development Corp $0.00, price $0.00, upside +0.0%, quality 22 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range $0.0011 – $5.00 · fair‑value band $0.0011 – $0.0011 · the $0.0011 price screens below the $0.0011 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Forge Innovation Development Corp., together with its subsidiaries, focuses on commercial and residential land development business in the United States. It focuses on real estate development, land purchasing and selling, and property management activities.
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Forge Innovation Development Corp., together with its subsidiaries, focuses on commercial and residential land development business in the United States. It focuses on real estate development, land purchasing and selling, and property management activities. The company was formerly known as You-Go enterprises, LLC and changed its name to Forge Innovation Development Corp. in November 2016. Forge Innovation Development Corp. was incorporated in 2016 and is based in Jurupa Valley, California.
Stock analysis
Forge Innovation Development Corp (FGNV) currently trades at $0.0011, while our model-based Fair Value estimate is $0.0011, so the stock looks roughly fairly valued today (gap 0.0%).
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 78/100, which puts the evidence level at low.
Scenario range: $0.0011 (bear) to $0.0011 (bull), the price of $0.0011 sits inside 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 22/100 (below-average quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Forge Innovation Development Corp reported revenue of $668K in FY2024 versus $36.0K in FY2020, a compound +107.6%/yr. Reported net income was −$1.3M in FY2024.
Key figures
Market cap $55.4K · P/S ratio 0.08 · EPS (TTM) $−0.0100 · Net margin −120% · Return on equity −68.9% · Return on assets (EBIT) −69.0% · Operating margin 1.5% · Revenue (TTM) $696K.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 26 out of 100 (medium confidence).
What moves the price
The share trades about 98% below its 52-week high and at its 52-week low.
For context, the median of 10 Real Estate peers we cover trades at −10% fair-value upside, at 0%, FGNV screens cheaper than that median.
Fair Value models
Bear $0.0011Fair Value $0.0011Bull $0.0011
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+52.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+164.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+79.4%
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+72.0%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−791.1% (2019) → −162.1% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
Compare Forge Innovation Development Corp with another stock
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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.Real Estate Services · 525 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score22 · Bottom 25%
Fair Value upside+0.0% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets−1.4% · Bottom 25%
Net margin (TTM)−119.5% · Bottom 25%
Operating margin (TTM)1.5% · Bottom 25%
Growth and dividend
Revenue growth9.9% · Above median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Forge Innovation Development Corp Fair Value". https://www.fairvalue-calculator.com/stock/FGNV
Frequently asked questions
Is Forge Innovation Development Corp (FGNV) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of $0.0011 versus the last price from Sep 25, 2026 of $0.0011, about +0% upside (fairly valued).
What is the fair value of FGNV?
Our model-based fair value for Forge Innovation Development Corp is $0.0011 (as of Sep 27, 2026), built from audited fundamentals. Last price (from Sep 25, 2026): $0.0011.
What is the quality score of FGNV?
Forge Innovation Development Corp has a Quality Score of 22/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Forge Innovation Development Corp (FGNV)?
Our model-based price target is the fair value of $0.0011 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario $0.0011, optimistic scenario $0.0011. It is a calculation from audited fundamentals, not an analyst target.
What is the Forge Innovation Development Corp stock forecast for 2026?
Our models put fair value at $0.0011, about +0% upside versus the last price from Sep 25, 2026 of $0.0011 (fairly valued). Cautious scenario $0.0011, optimistic scenario $0.0011. The calculation is refreshed regularly with new filings.
What is the revenue of Forge Innovation Development Corp (FGNV)?
Forge Innovation Development Corp reported trailing-twelve-month revenue of about $696K (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Forge Innovation Development Corp (FGNV)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Forge Innovation Development Corp it is $0.0011 per share (as of Sep 27, 2026), against a price of $0.0011. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Forge Innovation Development Corp stock overvalued or undervalued in 2026?
As of Sep 27, 2026, FGNV trades below its calculated fair value: price $0.0011, fair value $0.0011, a gap of about +0% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FGNV?
No. The price is what the market pays today ($0.0011); the fair value is what the company's own numbers justify ($0.0011). For Forge Innovation Development Corp the two are $0.0000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Forge Innovation Development Corp worth?
The market values Forge Innovation Development Corp at about $55.4K (market capitalisation, as of Sep 27, 2026). Per share that is $0.0011; our models calculate a fair value of $0.0011 per share.
What do the bullish and bearish scenarios say about FGNV?
Our models span a range for Forge Innovation Development Corp: cautious scenario $0.0011, base $0.0011, optimistic $0.0011 per share (as of Sep 27, 2026, price $0.0011). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Forge Innovation Development Corp (FGNV)?
Balance-sheet figures for Forge Innovation Development Corp (as of Sep 27, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 22/100, which measures business quality independently of the share price.
How far is FGNV from its 52-week high?
Forge Innovation Development Corp trades at $0.0011, about 98% below its 52-week high of $0.0500 and at the low of $0.0011 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0011 is for.
Which stocks are comparable to Forge Innovation Development Corp?
From the same area (Real Estate) we also value CBRE Group, KE Holdings, Swire Properties Limited, Cellnex Telecom, S.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Forge Innovation Development Corp stock attractive at the current price?
The data as of Sep 27, 2026: price $0.0011, calculated fair value $0.0011 (+0%), Quality Score 22/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FGNV calculated?
We run Forge Innovation Development Corp through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $0.0011, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Forge Innovation Development Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Forge Innovation Development Corp (FGNV)?
The latest price we hold is from Sep 25, 2026 and stands at $0.0011. Our model-based fair value is $0.0011, about +0% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Forge Innovation Development Corp right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band ($0.0011 to $0.0011), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Forge Innovation Development Corp
How large is the market capitalisation of Forge Innovation Development Corp (FGNV)?
The market capitalisation of Forge Innovation Development Corp is $55.4K. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Forge Innovation Development Corp (FGNV)?
The price-to-sales ratio of Forge Innovation Development Corp is 0.08 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Forge Innovation Development Corp (FGNV)?
Earnings per share at Forge Innovation Development Corp are $−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Forge Innovation Development Corp (FGNV)?
The net margin of Forge Innovation Development Corp is −120% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Forge Innovation Development Corp (FGNV)?
The return on equity (ROE) of Forge Innovation Development Corp is −68.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Forge Innovation Development Corp (FGNV)?
On an EBIT basis the return on assets of Forge Innovation Development Corp is −69.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Forge Innovation Development Corp (FGNV)?
The operating margin of Forge Innovation Development Corp is 1.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Forge Innovation Development Corp (FGNV)?
Revenue at Forge Innovation Development Corp is growing +9.9% versus a year earlier (3y avg +165%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Forge Innovation Development Corp (FGNV) generate?
The free cash flow of Forge Innovation Development Corp is −$266K (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Forge Innovation Development Corp (FGNV) carry?
The net debt of Forge Innovation Development Corp is $5.4M (fiscal year 2024). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 27, 2026