Forian Inc
NASDAQ:FORA

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Forian Inc
NASDAQ:FORA
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Price: 2.12 USD 4.95%
Market Cap: 65.8m USD
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Relative Value

The Relative Value of one FORA stock under the Base Case scenario is 2.04 USD. Compared to the current market price of 2.12 USD, Forian Inc is Overvalued by 4%.

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
2.04 USD
Overvaluation 4%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
78
vs Industry
33
Median 3Y
4.1
Median 5Y
4.1
Industry
2.3
Forward
3.3
vs History
vs Industry
24
Median 3Y
-3.9
Median 5Y
-4.1
Industry
23.1
Forward
-13
vs History
vs Industry
2
Median 3Y
-13
Median 5Y
-16.5
Industry
14.2
vs History
vs Industry
5
Median 3Y
-10.9
Median 5Y
-14.8
Industry
20.1
vs History
91
vs Industry
29
Median 3Y
4.3
Median 5Y
5.1
Industry
2.2
vs History
82
vs Industry
41
Median 3Y
3.3
Median 5Y
3.3
Industry
2.4
Forward
2
vs History
82
vs Industry
54
Median 3Y
4.4
Median 5Y
4.4
Industry
5
vs History
vs Industry
Median 3Y
-7.1
Median 5Y
-7
Industry
12.7
Forward
136.5
vs History
vs Industry
Median 3Y
-7
Median 5Y
-6.1
Industry
17.1
Forward
6.7
vs History
vs Industry
3
Median 3Y
-13.1
Median 5Y
-14.8
Industry
14
vs History
vs Industry
4
Median 3Y
-13.7
Median 5Y
-15
Industry
18
vs History
58
vs Industry
15
Median 3Y
5.9
Median 5Y
6
Industry
1.9

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
65.9m USD 3.3 -25.5 -7.5 -7.4
US
Veeva Systems Inc
NYSE:VEEV
35.9B USD 13.6 54.1 45.7 48.4
US
Cerner Corp
LSE:0R00
31.3B USD 5.4 53.1 21.9 43.2
AU
Pro Medicus Ltd
ASX:PME
26.7B AUD 160.4 322.2 225.5 225.5
US
Doximity Inc
NYSE:DOCS
10.7B USD 20.7 61.5 46.4 48.8
US
Waystar Holding Corp
NASDAQ:WAY
6.3B USD 6.9 -119.8 24.5 68.2
JP
M3 Inc
TSE:2413
934B JPY 3.8 23.9 11.8 13.8
US
Inspire Medical Systems Inc
NYSE:INSP
5.4B USD 7.1 163.2 271.8 370.2
SE
Sectra AB
STO:SECT B
53.5B SEK 29.5 119.5 -71.4 -71.4
US
Vocera Communications Inc
F:V00
2.4B EUR 10.7 -294.8 239.5 3 835.2
CN
Winning Health Technology Group Co Ltd
SZSE:300253
16.2B CNY 5.1 45.1 32.4 32.4
P/E Multiple
Earnings Growth P/E to Growth
US
Forian Inc
NASDAQ:FORA
Average P/E: 105.3
Negative Multiple: -25.5
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
54.1
142%
0.4
US
C
Cerner Corp
LSE:0R00
53.1
N/A N/A
AU
Pro Medicus Ltd
ASX:PME
322.2
131%
2.5
US
Doximity Inc
NYSE:DOCS
61.5
78%
0.8
US
W
Waystar Holding Corp
NASDAQ:WAY
Negative Multiple: -119.8 N/A N/A
JP
M3 Inc
TSE:2413
23.9
33%
0.7
US
Inspire Medical Systems Inc
NYSE:INSP
163.2
N/A N/A
SE
Sectra AB
STO:SECT B
119.5
81%
1.5
US
V
Vocera Communications Inc
F:V00
Negative Multiple: -294.8 N/A N/A
CN
Winning Health Technology Group Co Ltd
SZSE:300253
45.1
142%
0.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Forian Inc
NASDAQ:FORA
Average EV/EBITDA: 102.2
Negative Multiple: -7.5
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
45.7
221%
0.2
US
C
Cerner Corp
LSE:0R00
21.9
N/A N/A
AU
Pro Medicus Ltd
ASX:PME
225.5
130%
1.7
US
Doximity Inc
NYSE:DOCS
46.4
92%
0.5
US
W
Waystar Holding Corp
NASDAQ:WAY
24.5
N/A N/A
JP
M3 Inc
TSE:2413
11.8
24%
0.5
US
Inspire Medical Systems Inc
NYSE:INSP
271.8
N/A N/A
SE
Sectra AB
STO:SECT B
Negative Multiple: -71.4 N/A N/A
US
V
Vocera Communications Inc
F:V00
239.5
N/A N/A
CN
Winning Health Technology Group Co Ltd
SZSE:300253
32.4
143%
0.2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Forian Inc
NASDAQ:FORA
Average EV/EBIT: 520.6
Negative Multiple: -7.4
N/A N/A
US
Veeva Systems Inc
NYSE:VEEV
48.4
239%
0.2
US
C
Cerner Corp
LSE:0R00
43.2
N/A N/A
AU
Pro Medicus Ltd
ASX:PME
225.5
122%
1.8
US
Doximity Inc
NYSE:DOCS
48.8
102%
0.5
US
W
Waystar Holding Corp
NASDAQ:WAY
68.2
N/A N/A
JP
M3 Inc
TSE:2413
13.8
N/A N/A
US
Inspire Medical Systems Inc
NYSE:INSP
370.2
N/A N/A
SE
Sectra AB
STO:SECT B
Negative Multiple: -71.4 N/A N/A
US
V
Vocera Communications Inc
F:V00
3 835.2
N/A N/A
CN
Winning Health Technology Group Co Ltd
SZSE:300253
32.4
123%
0.3

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