ValueScreener company report

Forestar Group Inc. (FOR)

Name: Forestar Group Inc. (FOR) filed financial figures
Creator: ValueScreener

NYSE / Real Estate / Real Estate - Development

Share price

25.69 USD Market dataClose of Oct 15, 2026

Market capitalisation

1.31B USD Market dataClose of Oct 15, 2026

Market data: Oct 15, 2026
Filed accounts: FY2025, filed Nov 19, 2025
Ratios computed: Oct 15, 2026
Filed years: 15, FY2009 to FY2025

Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means

SEC filingFiled with the SEC: Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
Company statementCompany statement: What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
Market dataMarket data: Prices, market value and what analysts publish, with the date they are as of.
ComputedComputed by ValueScreener: Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.

Reading

1 of 10

Overview

What the business is, what it costs, and how it reads on four questions.

Market dataSEC filingComputed

Quality

Return on equity

9.5% Computed

From the FY2025 filing

Read quality

Financial strength

Debt to equity

n/a Computed

From the FY2025 filing

Why n/a

The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.

Read financial strength

Valuation

Price to earnings

7.78x Computed

FY2025 accounts, priced at the latest close

Read valuation

Cash generation

Free cash flow yield

-15.2% Computed

FY2025 accounts, priced at the latest close

Read cash generation

Revenue and net income, as filed

Revenue Net income10 filed fiscal years, from the annual reports; the table in Filings names each document.

Named tests met: 4 of 30 Which tests

The business, and the score behind its five axes

The reading, in brief

Is it cheap

Price to earnings is 7.78x at the close of 2026-10-15 on FY2025 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits below the lowest.

Today, against the Real Estate sector (51 companies), 7.78x sits at the 38th percentile; the middle half of that group runs from 5.30x to 20.41x.

Is it good

Return on equity was 9.5% in FY2025, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.

Today, against the Real Estate sector (221 companies), 9.5% sits at the 75th percentile; the middle half of that group runs from -4.0% to 9.5%.

Year by year against peers: Whether Forestar Group Inc.'s return on equity stayed above the median of the Real Estate sector, year by year. (FY2020 to FY2025, 6 fiscal years of Forestar Group Inc. with a comparable figure)
The direction: Which way Forestar Group Inc.'s return on equity has moved, and how steadily. (FY2015 to FY2025, 10 filed years of Forestar Group Inc.)
What could explain it: What in Forestar Group Inc.'s filed statements could explain the movements. (6 readings drawn from the statement lines Forestar Group Inc. filed)
What to check next: What to check next on Forestar Group Inc., and where in its filings. (3 questions for Forestar Group Inc.)
In one paragraph: One paragraph on Forestar Group Inc.'s returns, cash, balance sheet and price. (8 of sixteen figures read for Forestar Group Inc.)

These are FOR’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.

Research FORPart of Serious. New accounts start with 30 days of Professional, free, no card.

2 of 10

What changed

The newest filing, what it moved, and when the next one is due.

SEC filingCompany statement

The newest accounts on file are the FY2025 annual report: 10-K, filed Nov 19, 2025, accession 0001628280-25-053125.

3 of 10

Quality

The returns the business earns on its capital, and the margins behind them.

SEC filingComputed

Forestar Group Inc: returns on capital and margins, each with its source
Figure	Value, source and document
Return on invested capital, after tax Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Return on equity	9.5% ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Return on capital employed, pre-tax Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Return on assets	5.3% ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Gross margin	21.9% ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Operating margin Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Net margin	10.1% ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125

FOR 10.1%

9.5%23.5%

Net margin: FOR against the 5 companies named under Valuation context, each as filed for its own latest year. Placement only: no average is drawn.

4 of 10

Financial strength

What it owes against what it owns, and whether it can meet what falls due.

SEC filingComputedCompany statement

Forestar Group Inc: leverage, liquidity and distress, each with its source
Figure	Value, source and document
Debt to equity Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Current ratio Why n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Quick ratio Why n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Interest coverage Why n/a No operating income line is filed for this year.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Altman Z-score Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Net debt Why n/a The FY2025 balance sheet carries no net debt we could read.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125

Total assets Total liabilities Shareholders’ equity

The balance sheet, line by line

Financial health

What Forestar Group Inc owned and owed at the end of fiscal 2025, from the balance sheet it filed (10-K, filed Nov 19, 2025, 0001628280-25-053125).

Forestar Group Inc: balance sheet position
Total assets	3.14B FiledFY2025 10-K, filed Nov 19, 2025
Total liabilities	1.37B FiledFY2025 10-K, filed Nov 19, 2025
Shareholders' equity	1.77B FiledFY2025 10-K, filed Nov 19, 2025
Cash	379.2M FiledFY2025 10-K, filed Nov 19, 2025
Total debt	n/a FiledFY2025 10-K, filed Nov 19, 2025
Net debt	n/a
Current ratio	n/a
Debt to equity	n/a

Debt to equity: FY2025: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Current ratio: FY2025: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
Interest cover: FY2025: No operating income line is filed for this year.

Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.

5 of 10

Valuation context

What the market charges for it, against its own record and companies like it.

Market dataSEC filingComputed

Forestar Group Inc: what the market charges, each with its source
Figure	Value, source and document
Price to earnings	7.78x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
P/E on trailing twelve months	7.43x ComputedClose of Oct 15, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings
Price to book	0.74x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Price to sales	0.79x ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Enterprise value to EBIT Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Enterprise value to EBITDA Why n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Price to earnings over growth	0.37 ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Diluted earnings per share	3.29 USD FiledFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Graham number	50.70 USD ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125

We publish no fair value or price target of our own. Value FOR on your own assumptions in the DCF workbench, starting from the filed figures.

Its own record, and companies like it

Valuation

What the market charges for Forestar Group Inc today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.

Forestar Group Inc: valuation
Share price	25.69 USD
Market capitalisation	1.31B USD
Enterprise value to EBITDA	n/a
Graham number	50.70 USD
Diluted earnings per share, FY2025	3.29 USD

Price to earnings on trailing twelve months, a different basis from the fiscal-year P/E above, since Oct 3, 2016: low 3.02x, median 9.17x, high 356.67x, latest 7.43x. 2,355 trading days with a meaningful ratio, 167 more on a loss and left out. Each close over the trailing twelve months of earnings as known that day: a quarter counts from the day it was filed.

Companies like Forestar Group Inc

Same sector (Real Estate) and size band (Small, 300M to 2B), nearest in market value and net margin. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.

6 of 10

Cash generation

Whether profit arrives as cash, and what is paid back to shareholders.

SEC filingComputed

Forestar Group Inc: cash generation and what is paid out, each with its source
Figure	Value, source and document
Free cash flow yield	-15.2% ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Free cash flow	-199.9M USD ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Free cash flow margin	-12.0% ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Dividend yield Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedClose of Oct 15, 2026 · FY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Payout ratio Why n/a We do not hold this figure for this company, so there is nothing to show.	n/a ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125

Free cash flow Net incomeProfit that arrives as cash stands level with net income; a gap year after year is worth reading about.

7 of 10

Filings

Every figure, the year it is for and the document it was read from.

SEC filingMarket data

The filed figures

Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.

Forestar Group Inc.: the eight ratios, with the fiscal year and filing date behind each.
Figure	Value	Year	As of
	7.78x	FY2025	Oct 15, 2026
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	0.74x	FY2025	Oct 15, 2026
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tabForm10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	-15.2%	FY2025	Oct 15, 2026
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	n/a	FY2025	Nov 19, 2025
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2025. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tabForm10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one.
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	n/a	FY2025	Nov 19, 2025
n/a The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2025. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	n/a	FY2025	Nov 19, 2025
n/a Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2025. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	0.79x	FY2025	Oct 15, 2026
FormulaMarket capitalisation / revenue As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	0.37	FY2025	Oct 15, 2026
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	n/a	FY2025	Oct 15, 2026
n/a We hold no figure here and no stored reason for its absence. The gap is ours, not the company's.
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 15, 2026, over the filed figures of FY2025: a price is in this figure, and it moved after the filing. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tabForm10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	-2.24	FY2025	Nov 19, 2025
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2025. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tabForm10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tabForm10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab
	1/9	FY2025	Nov 19, 2025
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2025. Form10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itIncome statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tabForm10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itBalance sheetFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tabForm10-KFiledNov 19, 2025PeriodFY2025Accession0001628280-25-053125What we read from itCash flow statementFY2025Open on SEC.gov, accession 0001628280-25-053125, leaves this page and opens in a new tab

The figures are computed from the accounts for fiscal 2025, the newest full year on file. 15 filed fiscal years on record, FY2009 to FY2025, from SEC EDGAR. Prices as of Oct 15, 2026. Ratios recomputed Oct 15, 2026. Two facts, because a recompute is not a fresh quote.

The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.

Ten years of filed figures, year by year

Ten years of filed figures

10 filed fiscal years, FY2015 to FY2025, read from the annual reports Forestar Group Inc filed with the SEC. Each year names its filing. Amounts in USD, as filed.

Forestar Group Inc: revenue, earnings, free cash flow and returns, by fiscal year, with the filing each year was read from
Year	Revenue	Operating income	Net income	EPS, diluted	Free cash flow	Operating margin	Return on equity	Filing
FY2025	1.66B	n/a	167.9M	3.29	-199.9M	n/a	9.5%	10-K, Nov 19, 20250001628280-25-053125
FY2024	1.51B	n/a	203.4M	4.00	-160.6M	n/a	12.8%	10-K, Nov 19, 20240001406587-24-000118
FY2023	1.44B	n/a	166.9M	3.33	362.8M	n/a	12.2%	10-K, Nov 17, 20230001406587-23-000118
FY2022	1.52B	n/a	178.8M	3.59	105.2M	n/a	14.9%	10-K, Nov 17, 20220001406587-22-000128
FY2021	1.33B	n/a	110.2M	2.25	-304.7M	n/a	10.9%	10-K, Nov 18, 20210001406587-21-000093
FY2020	931.8M	78.1M	60.8M	1.26	-169.0M	n/a	7.0%	10-K, Nov 19, 20200001406587-20-000087
FY2019	428.3M	45.7M	33.0M	0.79	-392.1M	n/a	4.1%	10-K, Nov 21, 20190001406587-19-000036
FY2017	114.3M	39.8M	50.3M	1.19	-15.4M	34.8%	8.3%	10-K, Feb 28, 20180001406587-18-000002
FY2016	197.3M	140.4M	58.6M	1.38	61.0M	71.1%	10.5%	10-K, Mar 3, 20170001406587-17-000005
FY2015	218.6M	23.9M	-213.0M	-6.22	20.4M	10.9%	-42.5%	10-K, Mar 4, 20160001406587-16-000077

Revenue, compound annual growth FY2015 to FY2025: 22.5%
Earnings: Earnings was not positive in both 2015 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
Earnings per share: Earnings per share was not positive in both 2015 and 2025, so a compound rate across the window is not defined. Both figures are in the table.
Free cash flow: Free cash flow was not positive in both 2015 and 2025, so a compound rate across the window is not defined. Both figures are in the table.

Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.

8 of 10

Risks and guardrails

The accounting screens, the published tests, and the lines you can set to be told.

ComputedCompany statement

Forestar Group Inc: accounting screens and published tests, each with its source
Figure	Value, source and document
Beneish M-score	-2.24 ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Piotroski F-score	1/9 ComputedFY2025 10-K, filed Nov 19, 2025, 0001628280-25-053125
Named tests met	4 of 30 Computed
Beta	0.56 ComputedClose of Oct 15, 2026

The named tests

Of 30 tests value investors published: 4 met, 16 not met, 10 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.

Which tests, by name(all 30)

Meets: P/E times P/B (Benjamin Graham); Owner earnings yield; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman)
Does not: Deep value; Large cap, low P/E; High F-score, low P/B (Joseph Piotroski); Three forensic scores; High returns and growth; Gross margin, turnover (Robert Novy-Marx); High yield, low payout; Dividends and buybacks; Low beta, profitable; Near the 52-week low; High returns, low debt; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Tangible book or below; Cash-flow yield and ROIC; Clean books, high ROIC
Not measured: Defensive investor (Benjamin Graham); Earnings yield and ROIC (Joel Greenblatt); Low PEG, low debt (Peter Lynch); EV/EBITDA and coverage; ROIC at or above WACC; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); Book or below, low debt (Walter Schloss); Cash-covered dividend; Low P/E, growth, yield (John Neff). A test with a figure we could not read is incomplete, never met and never failed.

Figures we could not read(14)

Current Ratio: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
Debt to Equity: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Positive Earnings Streak: We hold 7 profitable filed years in a row; the test needs 10.
EV/EBIT: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Return on Invested Capital: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Altman Z-Score: We do not hold this figure for this company, so there is nothing to show.
EV/EBITDA: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Interest Coverage: No operating income line is filed for this year.
Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
ROIC-WACC Spread: The debt total on file was summed from short-term debt, long-term debt and lease obligations, and at least one of those was never captured. An absent term is spent as a zero inside that sum, and this balance sheet does not show the term is empty, so we will not build a leverage ratio, an enterprise value or a return on capital on it, or rank the company on one.
Price To Ncav: Our archived statements for this filer carry no current assets line, so we cannot compute this from source and show you where it came from.
Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
Dividend Streak: We do not hold this figure for this company, so there is nothing to show.

9 of 10

Declared positions

Whether anybody here owns this company.

Positions declared by the founder: no holding in any company shown here, as of October 3, 2026.

10 of 10

Next step

What to do with what you have read.

Value it in the DCF workbench

A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.

What this cannot tell you

14 figures could not be read on this company, among them Current Ratio, Debt to Equity, Positive Earnings Streak. Each blank in the table above names the rest, with its reason. 10 named tests come back incomplete because of them, which is neither met nor missed.

And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.

Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.

Monitor my portfolio How this is computed

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ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Four questions, at a glance

Quality

Financial strength

Valuation

Cash generation

Revenue and net income, as filed

The reading, in brief

Financial health

Valuation

Companies like Forestar Group Inc

The filed figures

Ten years of filed figures

The named tests

What this cannot tell you

Margin Notes