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Forestar Group Valuation Multiples
Discover revenue and EBITDA valuation multiples for Forestar Group and similar public comparables like Grupo Gmp, TLG Immobilien, Abacus Storage King, Kinea Indices Precos and more.
Forestar Group Overview
About Forestar Group
Forestar Group Inc is a residential lot development company engaged in land acquisition and development for the sale of finished single-family residential lots to local, regional, and national homebuilders. The company operates through a single real estate segment, which acquires land, installs infrastructure for residential communities, and generates all revenue from lot sales. Its communities mainly support entry-level, first-time move-up, and active-adult homes, with certain communities also marketed to build-to-rent operators. The company generally invests in entitled, short-duration projects that can be developed in phases to align lot production with market demand and support efficient capital deployment.
Founded
2007
HQ

Employees
433
Website
Sectors
Financials (LTM)
EV
$2B
Forestar Group Financials
Forestar Group reported last 12-month revenue of $2B and EBITDA of $208M.
In the same LTM period, Forestar Group generated $358M in gross profit, $208M in EBITDA, and $159M in net income.
Revenue (LTM)
Forestar Group P&L
In the most recent fiscal year, Forestar Group reported revenue of $2B and EBITDA of $216M.
Forestar Group expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $2B | XXX | XXX | XXX |
| Gross Profit | $358M | XXX | $364M | XXX | XXX | XXX |
| Gross Margin | 22% | XXX | 22% | XXX | XXX | XXX |
| EBITDA | $208M | XXX | $216M | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBIT Margin | 12% | XXX | 13% | XXX | XXX | XXX |
| Net Profit | $159M | XXX | $168M | XXX | XXX | XXX |
| Net Margin | 10% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $424M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Forestar Group Stock Performance
Forestar Group has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Forestar Group's stock price is $28.00.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $3.30 |
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Start Free TrialForestar Group Valuation Multiples
Forestar Group trades at 1.2x EV/Revenue multiple, and 9.7x EV/EBITDA.
EV / Revenue (LTM)
Forestar Group Financial Valuation Multiples
As of April 7, 2026, Forestar Group has market cap of $1B and EV of $2B.
Equity research analysts estimate Forestar Group's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Forestar Group has a P/E ratio of 9.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.2x | XXX | XXX | XXX |
| EV/EBITDA | 9.7x | XXX | 9.4x | XXX | XXX | XXX |
| EV/EBIT | 10.0x | XXX | 9.6x | XXX | XXX | XXX |
| EV/Gross Profit | 5.7x | XXX | 5.6x | XXX | XXX | XXX |
| P/E | 9.0x | XXX | 8.5x | XXX | XXX | XXX |
| EV/FCF | 38.0x | XXX | (105.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Forestar Group Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Forestar Group Margins & Growth Rates
Forestar Group's revenue in the last 12 month grew by 4%.
Forestar Group's revenue per employee in the last FY averaged $3.8M, while opex per employee averaged $0.4M for the same period.
Forestar Group's rule of 40 is 14% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Forestar Group's rule of X is 16% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Forestar Group Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 4% | XXX | (1%) | XXX | XXX | XXX |
| EBITDA Margin | 13% | XXX | 13% | XXX | XXX | XXX |
| EBITDA Growth | 2% | XXX | (7%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 14% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 16% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $3.8M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | 9% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Forestar Group Public Comps
See public comps and valuation multiples for other Real Estate Development comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Grupo Gmp | XXX | XXX | XXX | XXX | XXX | XXX |
| TLG Immobilien | XXX | XXX | XXX | XXX | XXX | XXX |
| Abacus Storage King | XXX | XXX | XXX | XXX | XXX | XXX |
| Kinea Indices Precos | XXX | XXX | XXX | XXX | XXX | XXX |
| Saudi Real Estate | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Forestar Group M&A Activity
Forestar Group acquired XXX companies to date.
Last acquisition by Forestar Group was on XXXXXXXX, XXXXX. Forestar Group acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Forestar Group
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialForestar Group Investment Activity
Forestar Group invested in XXX companies to date.
Forestar Group made its latest investment on XXXXXXXX, XXXXX. Forestar Group invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Forestar Group
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Forestar Group
| When was Forestar Group founded? | Forestar Group was founded in 2007. |
| Where is Forestar Group headquartered? | Forestar Group is headquartered in United States. |
| How many employees does Forestar Group have? | As of today, Forestar Group has over 433 employees. |
| Who is the CEO of Forestar Group? | Forestar Group's CEO is Anthony W. Oxley. |
| Is Forestar Group publicly listed? | Yes, Forestar Group is a public company listed on NYSE. |
| What is the stock symbol of Forestar Group? | Forestar Group trades under FOR ticker. |
| When did Forestar Group go public? | Forestar Group went public in 1973. |
| Who are competitors of Forestar Group? | Forestar Group main competitors are Grupo Gmp, TLG Immobilien, Abacus Storage King, Kinea Indices Precos. |
| What is the current market cap of Forestar Group? | Forestar Group's current market cap is $1B. |
| What is the current revenue of Forestar Group? | Forestar Group's last 12 months revenue is $2B. |
| What is the current revenue growth of Forestar Group? | Forestar Group revenue growth (NTM/LTM) is 4%. |
| What is the current EV/Revenue multiple of Forestar Group? | Current revenue multiple of Forestar Group is 1.2x. |
| Is Forestar Group profitable? | Yes, Forestar Group is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Forestar Group? | Forestar Group's last 12 months EBITDA is $208M. |
| What is Forestar Group's EBITDA margin? | Forestar Group's last 12 months EBITDA margin is 13%. |
| What is the current EV/EBITDA multiple of Forestar Group? | Current EBITDA multiple of Forestar Group is 9.7x. |
| What is the current FCF of Forestar Group? | Forestar Group's last 12 months FCF is $53M. |
| What is Forestar Group's FCF margin? | Forestar Group's last 12 months FCF margin is 3%. |
| What is the current EV/FCF multiple of Forestar Group? | Current FCF multiple of Forestar Group is 38.0x. |
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