Forum Markets, Incorporated (FRMM) Key Metrics
FRMM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $47.3M
- Enterprise value
- $89.9M
- P/E (TTM)
- —
- Forward P/E
- 32.3
- PEG ratio
- —
- Price / sales
- 4.4
- Price / book
- 0.5
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.50
FRMM key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFRMM valuation Price multiples at each fiscal year-end price.
FRMM returns How much profit the business earns on the capital it uses.
FRMM per-share figures Results divided by the shares outstanding at year-end.
FRMM financial health Debt, liquidity and how easily interest is covered.
FRMM valuation history
FRMM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FRMM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FRMM cash returned to shareholders
FRMM price vs earnings per share
FRMM key metrics
2021–2025| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Valuation | |||||
| Market capitalization | $40.0M | $57.8M | — | — | — |
| Enterprise value | $58.2M | $53.3M | — | — | — |
| Price / sales | 6.1 | — | — | — | — |
| Price / book | 0.2 | 6.2 | — | — | — |
| EV / sales | 8.9 | — | — | — | — |
| Earnings yield | −1,126.1% | −10.7% | — | — | — |
| Free cash flow yield | −65.1% | −2.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 115.6% | 0.0% | — | — | — |
| Share price at fiscal year-end | $4.90 | $18.20 | $40.66 | $644.10 | $14,820.00 |
| Per share | |||||
| Revenue per share | $0.80 | $0.00 | — | — | — |
| Earnings per share | −$55.18 | −$1.94 | — | — | — |
| Operating cash flow per share | −$3.19 | −$0.37 | — | — | — |
| Free cash flow per share | −$3.19 | −$0.37 | — | — | — |
| Cash per share | $0.98 | $1.44 | — | — | — |
| Book value per share | $29.32 | $2.91 | — | — | — |
| Tangible book value per share | $29.32 | $0.51 | — | — | — |
| Capex per share | $0.00 | $0.00 | — | — | — |
| Debt per share | $3.21 | $0.00 | — | — | — |
| Shares outstanding | 8.2M | 3.2M | — | — | — |
| Change in shares outstanding | +157.0% | — | — | — | — |
| Returns & profitability | |||||
| Return on equity (ROE) | −362.3% | −135.2% | — | −152.9% | −51.7% |
| Return on invested capital (ROIC) | −140.6% | −267.7% | — | −79.5% | −39.7% |
| Return on assets (ROA) | −282.4% | −68.4% | −160.1% | −94.0% | −32.4% |
| Return on tangible assets | −147.1% | −120.0% | −547.7% | −433.7% | −181.5% |
| Free cash flow margin | −397.9% | — | — | — | — |
| Financial health | |||||
| Total debt | $26.2M | $6,616 | $19,936 | $31,189 | $48,165 |
| Cash & short-term investments | $8.0M | $4.6M | $2.0M | $7.0M | $8.2M |
| Net debt | $18.2M | −$4.6M | −$2.0M | −$6.9M | −$8.2M |
| Debt / equity | 0.11 | 0.00 | — | 0.00 | 0.00 |
| Debt / assets | 0.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current ratio | 0.33 | 1.47 | 0.72 | 1.58 | 0.57 |
| Quick ratio | 0.33 | 1.47 | 0.72 | 1.58 | 0.57 |
| Interest coverage | -76.4 | -126.3 | -300.6 | -635.2 | -84.0 |
| Working capital | −$27.4M | $1.6M | −$1.4M | $3.3M | −$8.5M |
| Invested capital | $257.6M | $4.7M | −$2.1M | $4.4M | $31.1M |
| Tangible asset value | $239.4M | $1.6M | −$1.7M | $622,060 | −$12.2M |
| Net current asset value | −$53.3M | $1.6M | −$1.7M | $622,060 | −$12.2M |
| Graham net-net per share | −$7.21 | $0.33 | — | — | — |
| Capital allocation | |||||
| Share buybacks (net) | $46.3M | $0 | $0 | $1.0M | $0 |
| Capex / revenue | 0.0% | — | — | — | — |
| Capex / depreciation | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Stock-based compensation / revenue | 3,260.2% | — | — | — | — |
| SG&A / revenue | 3,665.8% | — | — | — | — |
| Efficiency | |||||
| Payables turnover | 0.00 | — | — | — | — |
| Asset turnover | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average payables | $922,500 | $1.1M | $1.8M | $1.2M | $586,611 |
| Intangibles / total assets | 0.0% | 59.7% | 30.8% | 54.6% | 82.1% |
Computed from FRMM's annual financial statements (latest annual report filed April 1, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FRMM valuation and financial ratios
Forum Markets earned a return on equity of −362.3% and a return on invested capital of −140.6% in fiscal 2025. It ended the year with $26.2 million of debt and $8.0 million in cash and short-term investments, net debt of $18.2 million. It returned $46.3 million to shareholders: $0 in dividends and $46.3 million in share buybacks.
See the FRMM income statement, the FRMM chart for price history, or the FRMM stock overview for the latest quote and news.
FRMM key metrics FAQ
What is Forum Markets's return on equity?
Forum Markets's return on equity (ROE) was −362.3% in fiscal 2025: net income of -$450.5 million on average shareholders' equity of $124.3 million.
What is Forum Markets's ROIC?
Forum Markets's return on invested capital was −140.6% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Forum Markets have?
Forum Markets had total debt of $26.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.11.
Does Forum Markets buy back its shares?
Yes. Forum Markets spent $46.3 million on net share repurchases in fiscal 2025 Shares outstanding changed +157.0% over the year, to 8.2M..
What is Forum Markets's free cash flow yield?
Forum Markets generated -$26.1 million of free cash flow in fiscal 2025, a free cash flow yield of −65.1% on its market value at year-end ($40.0 million).
What is Forum Markets's current ratio?
Forum Markets's current ratio was 0.33 at the end of fiscal 2025: current assets were 0.33 times current liabilities.