Forestar Group Inc. (FOR) Valuation — DCF, Graham & Comparables

Forestar Group Inc. (FOR) — Price $23.94 (closing price, October 30, 2026) — Real Estate — Real Estate - Development — NYSE

Latest reported results:

Valuation dashboard for Forestar Group Inc. (FOR) with P/E 8.61, P/B 0.67, EV/EBITDA 5.69 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Real Estate companies.

Forestar Group Inc. is an American company primarily engaged in developing residential lots. Its business model entails acquiring land, then preparing the necessary infrastructure for new single-family housing communities. These fully developed lots are subsequently sold to various home construction companies. Headquartered in Arlington, Texas, Forestar operates as a subsidiary of D.R. Horton, Inc.

Analysis Summary

Forestar Group Inc. reported revenue of $1.64B in the most recent fiscal year, growing at a 5-year CAGR of 4.3%. Net income reached $142.6M, with a 5.3% 5-year CAGR.

Trailing-twelve-month margins: gross margin 13.4%, operating margin 6.5%, net margin 8.7%.

At $23.94 (closing price, October 30, 2026), FOR trades at a P/E of 8.61 and an ROE of 7.73%. Market capitalisation stands at $1.2B.

Balance sheet quality for FOR: current ratio of 0.0. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio8.61
Price / Book0.67
EV / EBITDA5.69
Dividend Yield0.00%

Valuation Models

DCF Fair Value$57.27
vs Current Price+139.2%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
FORForestar Group Inc.$1.2B8.610.677.7%
HKLD.LHongkong Land Holdings Limited$15.8B7.830.577.4%
0R43.LNP3 Fastigheter AB (publ)SEK 11.9B8.581.1715.2%
0QO8.LPSP Swiss Property AGCHF 6.8B15.241.208.0%
HHHHoward Hughes Holdings Inc.$4.6B15.430.917.2%
JOEThe St. Joe Company$4.0B33.035.1915.8%
0GVS.LCatena AB (publ)SEK 3.9B1.136.9%
VTMXCorporación Inmobiliaria Vesta, S.A.B. de C.V.$3.1B6.561.0516.4%

Price

Price$23.94 (closing price, October 30, 2026)
Market Cap$1.2B
ExchangeNYSE
CountryUS

Profitability

Return on Equity7.73%
Return on Invested Capital13.24%
Return on Assets4.31%
Gross Margin13.41%
Operating Margin6.52%
Net Margin8.72%

Related companies: HKLD.L · 0R43.L · 0QO8.L · HHH · JOE · 0GVS.L · VTMX · 0QPD.L

Explore sector: Real Estate · Real Estate - Development

More sections of FOR: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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