Start with its own history
At 8.70×, FOR is 24.5% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · FORReal Estate - DevelopmentUpdated Nov 2, 2026
Forestar Group Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
8.70×
24.5% belowthe 10-year annual average
Share price24.18
÷Earnings per share2.78
Price and EPS in quote currency. Calculation details
Investors are paying 8.70 for every 1 of reported earnings per share.
P/E over time
2017 – 2026
Annual P/ESelected-period average 11.51×
3-year average8.43×3 positive annual observations
5-year average7.30×5 positive annual observations
10-year average11.51×10 positive annual observations
Peer median · TTM12.04×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 20 observations
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2026 | 9.23× | +14.5% |
| Sep 30, 2025 | 8.06× | +0.6% |
| Sep 30, 2024 | 8.01× | -0.7% |
| Sep 30, 2023 | 8.07× | +158.8% |
| Sep 30, 2022 | 3.12× | -62.4% |
| Sep 30, 2021 | 8.28× | -40.6% |
| Sep 30, 2020 | 13.94× | -39.8% |
| Sep 30, 2019 | 23.14× | +56.2% |
View all 20 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Sep 30, 2018 | 14.82× | -19.9% |
| Dec 31, 2017 | 18.49× | +94.6% |
| Dec 31, 2016 | 9.50× | N/M |
| Dec 31, 2015 | N/M | N/M |
| Dec 31, 2014 | 40.53× | +54.3% |
| Dec 31, 2013 | 26.26× | -43.9% |
| Dec 31, 2012 | 46.84× | -38.1% |
| Dec 31, 2011 | 75.65× | -45.1% |
| Dec 31, 2010 | 137.86× | +934.9% |
| Dec 31, 2009 | 13.32× | -52.4% |
| Dec 31, 2008 | 28.00× | -13.3% |
| Dec 29, 2007 | 32.29× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FOR compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FOR This stockForestar Group Inc. | 8.70× |
 KREFKKR Real Estate Finance Trust Inc. | N/M |
 EFCEllington Financial Inc. | 7.04× |
 ARIApollo Commercial Real Estate Finance, Inc. | 2.96× |
 SDHCSmith Douglas Homes Corp. | 14.19× |
 IIPRInnovative Industrial Properties, Inc. | 12.04× |
 VREVeris Residential, Inc. | 24.73× |
 LADRLadder Capital Corp | 11.62× |
 SILASila Realty Trust, Inc. | 44.00× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FOR’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 12.04×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take FOR into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("FOR", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 24.18 ÷ EPS 2.78 = 8.70×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 2, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
FOR P/E ratio: common questions
The essentials behind the numbers.
Forestar Group Inc.'s current P/E is 8.70× based on the quote data last updated Nov 2, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.