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Forrester Research Valuation Multiples
Discover revenue and EBITDA valuation multiples for Forrester Research and similar public comparables like Bluebik Group, Business Online, Saudi Networkers Services, Resources Connection 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
$61M
Forrester Research Financials
Forrester Research reported last 12-month revenue of $384M and EBITDA of $33M.
In the same LTM period, Forrester Research generated $218M in gross profit, $33M in EBITDA, and had net loss of ($84M).
Revenue (LTM)
Forrester Research P&L
In the most recent fiscal year, Forrester Research reported revenue of $397M and EBITDA of $36M.
Forrester Research expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $384M | XXX | $397M | XXX | XXX | XXX |
| Gross Profit | $218M | XXX | $226M | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | 57% | XXX | XXX | XXX |
| EBITDA | $33M | XXX | $36M | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBIT Margin | 7% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | ($84M) | XXX | ($119M) | XXX | XXX | XXX |
| Net Margin | (22%) | XXX | (30%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Forrester Research Stock Performance
Forrester Research has current market cap of $117M, and enterprise value of $61M.
Market Cap Evolution
Forrester Research's stock price is $6.11.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $61M | $117M | 0.0% | XXX | XXX | XXX | $-6.22 |
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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 April 19, 2026, Forrester Research has market cap of $117M and EV of $61M.
Equity research analysts estimate Forrester Research's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Forrester Research has a P/E ratio of (1.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $117M | XXX | $117M | XXX | XXX | XXX |
| EV (current) | $61M | XXX | $61M | XXX | XXX | XXX |
| EV/Revenue | 0.2x | XXX | 0.2x | XXX | XXX | XXX |
| EV/EBITDA | 1.9x | XXX | 1.7x | XXX | XXX | XXX |
| EV/EBIT | 2.2x | XXX | 2.0x | XXX | XXX | XXX |
| EV/Gross Profit | 0.3x | XXX | 0.3x | XXX | XXX | XXX |
| P/E | (1.4x) | XXX | (1.0x) | XXX | XXX | XXX |
| EV/FCF | 43.8x | XXX | 3.4x | XXX | XXX | XXX |
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's revenue in the last 12 month declined by (8%).
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 (20%) (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).
Forrester Research Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (8%) | XXX | (11%) | XXX | XXX | XXX |
| EBITDA Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| EBITDA Growth | (19%) | XXX | (29%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (4%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (20%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 38% | XXX | 38% | XXX | XXX | XXX |
| G&A Expenses to Revenue | 13% | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 55% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Forrester Research Public Comps
See public comps and valuation multiples for other Business Consulting and Market Research comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Forrester Research | XXX | XXX | XXX | XXX | XXX | XXX |
| Bluebik Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Business Online | XXX | XXX | XXX | XXX | XXX | XXX |
| Saudi Networkers Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Resources Connection | XXX | XXX | XXX | XXX | XXX | XXX |
| Llorente & Cuenca | 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.
Forrester Research M&A Activity
Forrester Research acquired XXX companies to date.
Last acquisition by Forrester Research was on XXXXXXXX, XXXXX. Forrester Research acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Forrester Research
| 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 TrialForrester Research Investment Activity
Forrester Research invested in XXX companies to date.
Forrester Research made its latest investment on XXXXXXXX, XXXXX. Forrester Research invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Forrester Research
| 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 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 are Bluebik Group, Business Online, Saudi Networkers Services, Resources Connection. |
| What is the current market cap of Forrester Research? | Forrester Research's current market cap is $117M. |
| What is the current revenue of Forrester Research? | Forrester Research's last 12 months revenue is $384M. |
| What is the current revenue growth of Forrester Research? | Forrester Research revenue growth (NTM/LTM) is (8%). |
| What is the current EV/Revenue multiple of Forrester Research? | Current revenue multiple of Forrester Research is 0.2x. |
| Is Forrester Research profitable? | Yes, Forrester Research is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Forrester Research? | Forrester Research's last 12 months EBITDA is $33M. |
| What is Forrester Research's EBITDA margin? | Forrester Research's last 12 months EBITDA margin is 9%. |
| 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 $1M. |
| What is Forrester Research's FCF margin? | Forrester Research's last 12 months FCF margin is 0%. |
| What is the current EV/FCF multiple of Forrester Research? | Current FCF multiple of Forrester Research is 43.8x. |
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