Forestar Group Inc
Forestar Group Inc. operates as a residential lot development company in the United States. It acquires land and develops infrastructure for single-family residential communities. The company sells its residential single-family finished lots to local, regional, and national homebuilders. Forestar Group Inc. was incorporated in 2005 and is headquartered in Arlington, Texas. Forestar Group Inc. ope… Read more
Forestar Group Inc (FOR) - Net Assets
Latest net assets as of December 2025: $1.79 Billion USD
Based on the latest financial reports, Forestar Group Inc (FOR) has net assets worth $1.79 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.18 Billion) and total liabilities ($1.39 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.79 Billion |
| % of Total Assets | 56.26% |
| Annual Growth Rate | 7.58% |
| 5-Year Change | 74.12% |
| 10-Year Change | 214.68% |
| Growth Volatility | 13.48 |
Forestar Group Inc - Net Assets Trend (2003–2025)
This chart illustrates how Forestar Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Forestar Group Inc (2003–2025)
The table below shows the annual net assets of Forestar Group Inc from 2003 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $1.77 Billion | +10.90% |
| 2024-09-30 | $1.60 Billion | +16.44% |
| 2023-09-30 | $1.37 Billion | +14.22% |
| 2022-09-30 | $1.20 Billion | +18.05% |
| 2021-09-30 | $1.02 Billion | +16.53% |
| 2020-09-30 | $871.80 Million | +7.78% |
| 2019-09-30 | $808.90 Million | -4.97% |
| 2018-09-30 | $851.16 Million | +40.54% |
| 2017-09-30 | $605.63 Million | +7.74% |
| 2016-09-30 | $562.12 Million | +11.51% |
| 2015-09-30 | $504.12 Million | -28.97% |
| 2014-09-30 | $709.74 Million | -0.79% |
| 2013-09-30 | $715.40 Million | +34.08% |
| 2012-09-30 | $533.55 Million | +4.37% |
| 2011-09-30 | $511.21 Million | -0.60% |
| 2010-09-30 | $514.28 Million | -0.78% |
| 2009-09-30 | $518.34 Million | +16.11% |
| 2008-09-30 | $446.44 Million | +1.04% |
| 2007-09-30 | $441.83 Million | +3.77% |
| 2006-09-30 | $425.80 Million | +11.67% |
| 2005-09-30 | $381.29 Million | +3.43% |
| 2004-09-30 | $368.66 Million | +4.10% |
| 2003-09-30 | $354.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forestar Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 104610000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.05 Billion | 59.17% |
| Common Stock | $50.70 Million | 2.87% |
| Other Components | $671.10 Million | 37.96% |
| Total Equity | $1.77 Billion | 100.00% |
Forestar Group Inc Competitors by Market Cap
The table below lists competitors of Forestar Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mawson Gold Ltd
PINK:MWSNF
|
$489.00 Million |
|
Shanghai Anlogic Infotech Co Ltd
SHG:688107
|
$489.21 Million |
|
Guangzhou Haoyun Security Technologies Co Ltd
SHE:300448
|
$489.26 Million |
|
Harbin Jiuzhou Electrical Co Ltd
SHE:300040
|
$489.29 Million |
|
Yunnan QuakeSafe Seismic Isolation Technologies Co Ltd Class A
SHE:300767
|
$488.69 Million |
|
Zoje Resources Investment Co Ltd
SHE:002021
|
$488.64 Million |
|
Xinya Electronic Co Ltd
SHG:605277
|
$488.48 Million |
|
Yueyang Xingchang Petro-Chemical Co Ltd
SHE:000819
|
$488.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forestar Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,594,100,000 to 1,767,900,000, a change of 173,800,000 (10.9%).
- Net income of 167,900,000 contributed positively to equity growth.
- Share repurchases of 1,800,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $167.90 Million | +9.5% |
| Share Repurchases | $1.80 Million | -0.1% |
| Other Changes | $7.70 Million | +0.44% |
| Total Change | $- | 10.90% |
Book Value vs Market Value Analysis
This analysis compares Forestar Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.73x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.55x to 0.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-09-30 | $10.01 | $25.49 | x |
| 2004-09-30 | $10.42 | $25.49 | x |
| 2005-09-30 | $10.78 | $25.49 | x |
| 2006-09-30 | $12.03 | $25.49 | x |
| 2007-09-30 | $12.24 | $25.49 | x |
| 2008-09-30 | $12.44 | $25.49 | x |
| 2009-09-30 | $14.19 | $25.49 | x |
| 2010-09-30 | $14.01 | $25.49 | x |
| 2011-09-30 | $14.24 | $25.49 | x |
| 2012-09-30 | $14.92 | $25.49 | x |
| 2013-09-30 | $19.28 | $25.49 | x |
| 2014-09-30 | $16.22 | $25.49 | x |
| 2015-09-30 | $14.64 | $25.49 | x |
| 2016-09-30 | $13.24 | $25.49 | x |
| 2017-09-30 | $14.26 | $25.49 | x |
| 2018-09-30 | $21.26 | $25.49 | x |
| 2019-09-30 | $19.24 | $25.49 | x |
| 2020-09-30 | $18.11 | $25.49 | x |
| 2021-09-30 | $20.72 | $25.49 | x |
| 2022-09-30 | $24.04 | $25.49 | x |
| 2023-09-30 | $27.31 | $25.49 | x |
| 2024-09-30 | $31.38 | $25.49 | x |
| 2025-09-30 | $34.73 | $25.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forestar Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.10%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.77x
- Recent ROE (9.50%) is above the historical average (5.17%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 4.31% | 12.72% | 0.22x | 1.51x | $-20.17 Million |
| 2004 | 7.71% | 16.80% | 0.33x | 1.40x | $-8.43 Million |
| 2005 | 9.15% | 22.44% | 0.29x | 1.43x | $-3.23 Million |
| 2006 | 12.18% | 22.98% | 0.36x | 1.46x | $9.26 Million |
| 2007 | 5.72% | 13.93% | 0.24x | 1.73x | $-18.53 Million |
| 2008 | 2.68% | 7.50% | 0.20x | 1.83x | $-32.67 Million |
| 2009 | 11.53% | 40.41% | 0.19x | 1.53x | $7.86 Million |
| 2010 | 1.01% | 5.06% | 0.13x | 1.55x | $-45.83 Million |
| 2011 | 1.40% | 5.28% | 0.17x | 1.56x | $-43.80 Million |
| 2012 | 2.44% | 7.50% | 0.19x | 1.73x | $-40.01 Million |
| 2013 | 4.13% | 8.86% | 0.28x | 1.65x | $-41.66 Million |
| 2014 | 2.34% | 5.41% | 0.24x | 1.78x | $-54.14 Million |
| 2015 | -42.47% | -81.19% | 0.27x | 1.95x | $-263.21 Million |
| 2016 | 10.46% | 29.72% | 0.27x | 1.31x | $2.58 Million |
| 2017 | 8.32% | 43.96% | 0.15x | 1.26x | $-10.17 Million |
| 2018 | 6.67% | 57.04% | 0.12x | 1.00x | $-29.77 Million |
| 2019 | 4.08% | 7.70% | 0.29x | 1.80x | $-47.83 Million |
| 2020 | 6.98% | 6.53% | 0.54x | 2.00x | $-26.29 Million |
| 2021 | 10.86% | 8.31% | 0.63x | 2.07x | $8.71 Million |
| 2022 | 14.92% | 11.77% | 0.65x | 1.96x | $58.97 Million |
| 2023 | 12.19% | 11.62% | 0.58x | 1.80x | $30.01 Million |
| 2024 | 12.76% | 13.48% | 0.53x | 1.78x | $43.99 Million |
| 2025 | 9.50% | 10.10% | 0.53x | 1.77x | $-8.89 Million |
Industry Comparison
This section compares Forestar Group Inc's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $8,708,016,178
- Average return on equity (ROE) among peers: -18.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forestar Group Inc (FOR) | $1.79 Billion | 4.31% | 0.78x | $488.81 Million |
| Applied Development Holdings Limited (ADHLF) | $872.99 Million | -18.66% | 0.65x | $1.95 Million |
| Alset Ehome International Inc (AEI) | $29.20 Million | -17.09% | 0.67x | $7.53 Million |
| Autris (AUTR) | $-56.91K | 0.00% | 0.00x | $1.57K |
| AMREP Corporation (AXR) | $127.47 Million | 9.98% | 0.05x | $80.48 Million |
| Ayala Land Inc (AYAAF) | $50.75 Billion | 8.64% | 0.64x | $3.06 Billion |
| Bayport International Holdings Inc (BAYP) | $124.43K | -208.38% | 2.27x | $1.00 |
| Beijing North Star Company Limited (BEIJF) | $8.81 Billion | 5.10% | 1.91x | $161.03 Million |
| China Overseas Land Investment (CAOVY) | $25.08 Billion | 15.75% | 1.41x | $20.11 Billion |
| C C Land Holdings Limited (CCLHF) | $354.40 Million | 7.00% | 0.52x | $141.49 Million |
| Century Communities Inc (CCS) | $1.06 Billion | 10.64% | 1.35x | $1.45 Billion |