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Forrester Research Valuation Multiples
Discover Forrester Research's revenue and EBITDA valuation multiples and M&A history, alongside public comparables like Expleo Solutions, Tanabe Consulting Group, Keyrus, Business Online and more.
Forrester Research Overview
About Forrester Research
Forrester Research Inc provides independent research, data, and advisory services. It operates through the following segments: The Research segment develops and delivers research, connect, and analytics products; The consulting segment includes the revenues and the related costs of the company's consulting organization, and the Events segment is engaged in developing and hosting in-person and virtual events.
Founded
1983
HQ

Employees
1.6K
Website
Financials (LTM)
EV
$57M
Valuation Multiples
Start free trialForrester Research Financials
Forrester Research reported last 12-month revenue of $380M and EBITDA of $30M.
In the same LTM period, Forrester Research generated $217M in gross profit, $30M in EBITDA, and had net loss of ($75M).
Revenue (LTM)
Forrester Research P&L
In the most recent fiscal year, Forrester Research reported revenue of $397M and EBITDA of $36M.
Forrester Research is unprofitable as of last fiscal year, with gross margin of 57%, EBITDA margin of 9%, and net margin of (30%).
Financial data powered by Morningstar, Inc.
Forrester Research Stock Performance
Forrester Research has current market cap of $140M, and enterprise value of $57M.
Market Cap Evolution
Forrester Research's stock price is $7.22.
Forrester Research share price increased by 2.6% in the last 30 days, and decreased by 27.1% in the last year.
Forrester Research has an EPS (earnings per share) of $-6.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $57M | $140M | 2.6% | 2.6% | 27.6% | -27.1% | $-6.15 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialForrester Research Valuation Multiples
Forrester Research trades at 0.2x EV/Revenue multiple, and 1.9x EV/EBITDA.
EV / Revenue (LTM)
Forrester Research Financial Valuation Multiples
As of June 2, 2026, Forrester Research has market cap of $140M and EV of $57M.
Forrester Research has a P/E ratio of (1.9x).
Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Forrester Research 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.


Forrester Research Margins & Growth Rates
Forrester Research decreased revenue by 10% and EBITDA by 40% in the last fiscal year.
In the most recent fiscal year, Forrester Research reported gross margin of 57%, EBITDA margin of 9%, and net margin of (30%).
Forrester Research Margins
Forrester Research Growth Rates
Data powered by FactSet, Inc. and Morningstar, Inc.
Forrester Research Operational KPIs
Forrester Research's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Forrester Research's Rule of 40 is (4%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Forrester Research's Rule of X is (19%) (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).
Data powered by FactSet, Inc. and Morningstar, Inc.
Forrester Research Competitors
Forrester Research competitors include Expleo Solutions, Tanabe Consulting Group, Keyrus, Business Online, Resources Connection, One Point One Solutions, Robot Consulting, Alan Allman, Woongjin and Bluebik Group.
Most Forrester Research public comparables operate across Business Consulting and Market Research.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| 0.8x | - | 4.7x | - | |||
| 1.1x | 6.8x | 9.2x | - | |||
| 0.5x | - | 7.3x | - | |||
| 4.9x | - | 10.6x | - | |||
| 0.2x | 0.2x | 4.3x | 36.5x | |||
| 5.3x | - | 18.8x | - | |||
| 40.7x | - | (51.6x) | - | |||
| 0.8x | 0.8x | 9.3x | 8.8x | |||
This data is available for Pro users. Sign up to see all Forrester Research competitors and their valuation data. Start Free Trial | ||||||
Acquisitions by Forrester Research
Forrester Research has acquired 3 companies to date.
Last acquisition by Forrester Research was on November 27th 2018. Forrester Research acquired SiriusDecisions for $245M (EV/Revenue multiple available to Pro users).
Latest Acquisitions by Forrester Research
| Description | SiriusDecisions is a Stamford-headquartered global business-to-business research and advisory firm equipping sales, marketing, and product executives with intelligence on revenue operations. Acquired by Forrester Research in 2019, it offers inquiry-based sessions with analysts experienced in practitioner roles, focusing on frameworks for performance optimization, buyer journey mapping, and cross-functional alignment. | FeedbackNow is a Zurich-based company manufacturing physical feedback buttons and analytics software for measuring customer experience in retail and service environments. Businesses deploy the devices at touchpoints to capture real-time sentiment, with dashboards providing analysis to drive improvements. | GlimpzIt is a machine learning platform automating marketing content creation from unstructured media. Tel Aviv-headquartered, it analyzes images, videos, and text to generate emotionally resonant ads, social posts, and emails tailored to audience psychographics. Integrated with Facebook Ads and Instagram, GlimmerzIt tests variants via A/B experiments and scales high-performers for e-commerce brands in fashion and consumer goods. |
| HQ Country | |||
| HQ City | Norwalk, CT | Lausanne | San Francisco, CA |
| Deal Date | 27 Nov 2018 | 10 Jul 2018 | 10 Jul 2018 |
| Valuation | $245M | $8M | $5M |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Forrester Research acquisitions and their M&A valuation multiples. Start Free Trial | |||
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Start Free TrialAbout Forrester Research
| When was Forrester Research founded? | Forrester Research was founded in 1983. |
| Where is Forrester Research headquartered? | Forrester Research is headquartered in United States. |
| How many employees does Forrester Research have? | As of today, Forrester Research has over 1K employees. |
| Who is the CEO of Forrester Research? | Forrester Research's CEO is George F. Colony. |
| Is Forrester Research publicly listed? | Yes, Forrester Research is a public company listed on Nasdaq. |
| What is the stock symbol of Forrester Research? | Forrester Research trades under FORR ticker. |
| When did Forrester Research go public? | Forrester Research went public in 1996. |
| Who are competitors of Forrester Research? | Forrester Research main competitors include Expleo Solutions, Tanabe Consulting Group, Keyrus, Business Online, Resources Connection, One Point One Solutions, Robot Consulting, Alan Allman, Woongjin, Bluebik Group. |
| What is the current market cap of Forrester Research? | Forrester Research's current market cap is $140M. |
| What is the current revenue of Forrester Research? | Forrester Research's last 12 months revenue is $380M. |
| What is the current revenue growth of Forrester Research? | Forrester Research revenue growth (NTM/LTM) is (6%). |
| What is the current EV/Revenue multiple of Forrester Research? | Current revenue multiple of Forrester Research is 0.2x. |
| What is the current EBITDA of Forrester Research? | Forrester Research's last 12 months EBITDA is $30M. |
| What is Forrester Research's EBITDA margin? | Forrester Research's last 12 months EBITDA margin is 8%. |
| What is the current EV/EBITDA multiple of Forrester Research? | Current EBITDA multiple of Forrester Research is 1.9x. |
| What is the current FCF of Forrester Research? | Forrester Research's last 12 months FCF is ($6M). |
| What is Forrester Research's FCF margin? | Forrester Research's last 12 months FCF margin is (2%). |
| What is the current EV/FCF multiple of Forrester Research? | Current FCF multiple of Forrester Research is (10.0x). |
| How many companies Forrester Research has acquired to date? | As of June 2026, Forrester Research has acquired 3 companies. |
| What was the largest acquisition by Forrester Research? | $245M acquisition of SiriusDecisions on 27th November 2018 was the largest M&A Forrester Research has done to date. |
| What companies Forrester Research acquired? | Forrester Research acquired SiriusDecisions, FeedbackNow, and GlimpzIt. |
| In how many companies Forrester Research has invested to date? | Forrester Research hasn't invested in any companies yet (or none have been disclosed publicly). |
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