Forian Inc
NASDAQ:FORA

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Forian Inc
NASDAQ:FORA
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Price: 2.12 USD 0.47% Market Closed
Market Cap: 65.9m USD

Relative Value

The Relative Value of one FORA stock under the Base Case scenario is 2.41 USD. Compared to the current market price of 2.12 USD, Forian Inc is Undervalued by 12%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

FORA Relative Value
Base Case
2.41 USD
Undervaluation 12%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
91
vs Industry
35
Median 3Y
3.5
Median 5Y
3.9
Industry
2.3
Forward
2.2
vs History
vs Industry
24
Median 3Y
-16.2
Median 5Y
-9.9
Industry
22.6
Forward
34.6
vs History
18
vs Industry
2
Median 3Y
-7.2
Median 5Y
-11.9
Industry
14.3
vs History
vs Industry
5
Median 3Y
-14.8
Median 5Y
-8.5
Industry
21.6
vs History
88
vs Industry
36
Median 3Y
3.1
Median 5Y
3.7
Industry
2.2
vs History
76
vs Industry
49
Median 3Y
2.8
Median 5Y
2.9
Industry
2.5
Forward
1.3
vs History
72
vs Industry
59
Median 3Y
3.7
Median 5Y
4.1
Industry
5.1
vs History
vs Industry
Median 3Y
-8.2
Median 5Y
-6
Industry
11.9
Forward
38.9
vs History
vs Industry
Median 3Y
-7
Median 5Y
-5.5
Industry
16.8
Forward
-8.9
vs History
20
vs Industry
3
Median 3Y
-6.8
Median 5Y
-9.4
Industry
14.6
vs History
15
vs Industry
4
Median 3Y
-8.2
Median 5Y
-9.2
Industry
18.6
vs History
76
vs Industry
15
Median 3Y
4.6
Median 5Y
5
Industry
1.8

Multiples Across Competitors

FORA Competitors Multiples
Forian Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Forian Inc
NASDAQ:FORA
65.7m USD 2.3 -77.1 -14.3 -13.3
US
Veeva Systems Inc
NYSE:VEEV
36.7B USD 11.9 42.6 32.3 33.8
US
Cerner Corp
LSE:0R00
31.3B USD 5.4 53.1 21.9 43.2
AU
Pro Medicus Ltd
ASX:PME
23.3B AUD 105.5 202 139.6 139.6
JP
M3 Inc
TSE:2413
1.4T JPY 4.3 31.3 15.9 19.6
US
Doximity Inc
NYSE:DOCS
8.3B USD 13.4 32.9 28.8 30.2
US
Waystar Holding Corp
NASDAQ:WAY
5.7B USD 5.5 51.5 17.1 26.8
SE
Sectra AB
STO:SECT B
48.4B SEK 21.6 74.8 -147.9 -147.9
IN
Inventurus Knowledge Solutions Ltd
NSE:IKS
288.6B INR 10.8 59.4 36.9 43.1
CN
Winning Health Technology Group Co Ltd
SZSE:300253
19.5B CNY 9 -63.3 -125.3 -125.3
US
Vocera Communications Inc
F:V00
2.4B EUR 12 -331.7 271 4 339.2
P/E Multiple
Earnings Growth PEG
US
Forian Inc
NASDAQ:FORA
Average P/E: 68.4
Negative Multiple: -77.1
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
42.6
32%
1.3
US
C
Cerner Corp
LSE:0R00
53.1
N/A N/A
AU
Pro Medicus Ltd
ASX:PME
202
32%
6.3
JP
M3 Inc
TSE:2413
31.3
16%
2
US
Doximity Inc
NYSE:DOCS
32.9
18%
1.8
US
W
Waystar Holding Corp
NASDAQ:WAY
51.5
N/A N/A
SE
Sectra AB
STO:SECT B
74.8
17%
4.4
IN
I
Inventurus Knowledge Solutions Ltd
NSE:IKS
59.4
31%
1.9
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -63.3
92%
N/A
US
V
Vocera Communications Inc
F:V00
Negative Multiple: -331.7 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Forian Inc
NASDAQ:FORA
Average EV/EBITDA: 70.5
Negative Multiple: -14.3
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
32.3
39%
0.8
US
C
Cerner Corp
LSE:0R00
21.9
N/A N/A
AU
Pro Medicus Ltd
ASX:PME
139.6
32%
4.4
JP
M3 Inc
TSE:2413
15.9
14%
1.1
US
Doximity Inc
NYSE:DOCS
28.8
23%
1.3
US
W
Waystar Holding Corp
NASDAQ:WAY
17.1
24%
0.7
SE
Sectra AB
STO:SECT B
Negative Multiple: -147.9 N/A N/A
IN
I
Inventurus Knowledge Solutions Ltd
NSE:IKS
36.9
24%
1.5
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -125.3
36%
N/A
US
V
Vocera Communications Inc
F:V00
271
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Forian Inc
NASDAQ:FORA
Average EV/EBIT: 584.4
Negative Multiple: -13.3
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
33.8
39%
0.9
US
C
Cerner Corp
LSE:0R00
43.2
N/A N/A
AU
Pro Medicus Ltd
ASX:PME
139.6
31%
4.5
JP
M3 Inc
TSE:2413
19.6
N/A N/A
US
Doximity Inc
NYSE:DOCS
30.2
25%
1.2
US
W
Waystar Holding Corp
NASDAQ:WAY
26.8
58%
0.5
SE
Sectra AB
STO:SECT B
Negative Multiple: -147.9 N/A N/A
IN
I
Inventurus Knowledge Solutions Ltd
NSE:IKS
43.1
26%
1.7
CN
Winning Health Technology Group Co Ltd
SZSE:300253
Negative Multiple: -125.3
47%
N/A
US
V
Vocera Communications Inc
F:V00
4 339.2
N/A N/A