As at Jul 25, 2024, the FOR stock has a PE ratio of 8.01. This is based on the current EPS of $3.87 and the stock price of $31 per share. A decrease of 9% has been seen in the P/E ratio compared to the average of 8.8 of the last 4 quarters.
The mean historical PE ratio of Forestar Group over the last ten years is 14.32. The current 8.01 PE ratio is 44% below the historical average. Over the past ten years, FOR's PE ratio was at its highest in the Sep 2016 quarter at 78.07, with a price of $11.71 and an EPS of $0.15. The Sep 2022 quarter recorded the bottom point at 3.12, with a price of $11.19 and an EPS of $3.59.
Maximum annual increase: 158.65% in 2023
Maximum annual decrease: -62.32% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 8.07 | 158.65% |
| 2022 | 3.12 | -62.32% |
| 2021 | 8.28 | -41.07% |
| 2020 | 14.05 | -39.28% |
| 2019 | 23.14 | 25.15% |
| 2017 | 18.49 | 94.63% |
| 2016 | 9.5 | N/A |
| 2015 | N/A | N/A |
| 2014 | 40.53 | 54.34% |
| 2013 | 26.26 | -43.94% |
FOR's current P/E ratio is above the 3-year historical average, but it is below the 5 and 10-year averages.
FOR's PE ratio is lower than its peer stocks LPX and RYN.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FOR Forestar Group Inc | 8.25 | $1.62B |
| RYN Rayonier Inc | 26.5 | $4.46B |
| LPX Louisiana-Pacific Corp | 26.67 | $7B |
| JOE ST JOE Co | 52.64 | $3.72B |
| TRC Tejon Ranch Co | 643 | $516.92M |
| STRS Stratus Properties Inc | N/A | $234.15M |
FOR stock has a price to earnings ratio of 8.01 as of Jul 25, 2024.
Over the last 3 years, the average price to earnings ratio for FOR stock is 6.92.
Over the last 5 years, the average price to earnings ratio for FOR stock is 10.16.
The highest quarterly PE ratio in the last ten years has been 78.07 and it was in the Sep 2016 quarter.
FOR's current price to earnings ratio is 44% below its 10-year historical average.
FOR's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
You can calculate the PE ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Jul 25, 2024), Forestar Group's stock price is $31. The earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $3.87. Therefore, Forestar Group's P/E ratio for today is 8.01. PE RATIO(8.01) = STOCK PRICE($31) / TTM EPS($3.87)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.