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Stock Price: $26.09 • 10/24/26
Forestar (FOR) develops residential land into finished building lots for homebuilders.
June-quarter profit rose 9% as lot deliveries grew 1%, despite housing affordability pressures. It had 23,500 lots under contract, mostly with controlling shareholder D.R. Horton. Its October 29 report will show whether deliveries and margins held up.
With a market cap of approximately $1.3 billion, FOR trades at approximately 0.7x its June book value. That value rests largely on land rather than cash. Debt, weaker housing demand, land write-downs and potential share sales remain risks.
Opinion: FOR appears potentially undervalued if steady lot deliveries preserve its book value and October results show resilient margins.
Daily closes 路 through Oct 23, 2026 路 Yahoo Finance
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