JOE vs FPH vs FOR Stock Comparison

St Joe, Five Point Holdings and Forestar Prices as of Oct 23, 2026 Peers: Industry group
JOE ST JOE Co
$67.62 +2.7% 1M +34.5% 1Y
Market cap
$3.89B
P/E
31.6x
Revenue (TTM)
$547.84M
Div. yield
0.01%
Real Estate Development Real Estate
5 wins
FPH Five Point Holdings, LLC
$4.22 -11.0% 1M -30.7% 1Y
Market cap
$316.18M
P/E
10.8x
Revenue (TTM)
$118.00M
Div. yield
–
Real Estate Development Real Estate
4 wins
FOR Forestar Group Inc.
$26.01 -2.7% 1M 0.0% 1Y
Market cap
$1.33B
P/E
7.8x
Revenue (TTM)
$1.72B
Div. yield
–
Real Estate Development Real Estate
2 wins

Head to Head

11 decided of 12

St Joe leads on 5 of the 12 questions below (St Joe 5, Five Point Holdings 4, Forestar 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionJOEFPHFORLeader
Larger companyMarket capitalisation $3.89B $316.18M $1.33B JOE
Cheaper on earningsLower P/E, profitable companies only 31.6x 10.8x 7.8x FOR
Cheaper on forward earningsLower price / next fiscal year consensus EPS 87.8x 3.9x 8.5x FPH
Faster revenue growthRevenue growth, trailing twelve months +28.4% -39.1% +11.8% JOE
More profitableNet margin, trailing twelve months 22.5% 24.9% 9.9% FPH
Better return on capitalReturn on invested capital — -4.0% 6.1% FOR
Less leveragedLower net debt / EBITDA — -0.7x 1.8x FPH
Higher dividend yieldTrailing dividend yield 0.01% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +34.5% -30.7% 0.0% JOE
Better 5-year returnAnnualised price return, 5 years +7.7%/yr -11.9%/yr +5.4%/yr JOE
Less volatileAnnualised volatility, 1 year 30.0% 29.3% 33.6% FPH
Higher overall scoreMean of the five percentile scores vs peers 70/100 52/100 55/100 JOE

Percentile Scorecard

JOEFPHFOR

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisJOEFPHFOR
Valuation 55 #18 of 39 63 #15 of 39 92 #4 of 39
Growth 88 #5 of 33 28 #24 of 33 53 #16 of 33
Profitability 93 #3 of 30 41 #18 of 30 62 #12 of 30
Financial Health 60 #16 of 38 76 #10 of 38 46 #21 of 38
Shareholder Returns 54 #7 of 14 – 23 #11 of 14
Overall 70 52 55
  • JOE ranked among 42 companies in Property Developers
  • FPH ranked among 42 companies in Property Developers
  • FOR ranked among 42 companies in Property Developers

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodJOEFPHFORSPY
1 month +2.7%-11.0%-2.7% -1.0%
3 months +8.9%-19.5%-8.3% +2.9%
6 months -4.8%-17.4%-7.5% +6.4%
Year to date +13.9%-24.5%+5.6% +11.4%
1 year +34.5%-30.7%0.0% +13.1%
3 years +36.6%+77.3%+11.4% +79.4%
3 years, per year +11.0%+21.1%+3.7% +21.5%
5 years +45.0%-46.9%+30.0% +67.7%
5 years, per year +7.7%-11.9%+5.4% +10.9%
10 years +271.5%—+130.6% +255.2%
10 years, per year +14.0%—+8.7% +13.5%

Risk

MeasureJOEFPHFORSPY
Volatility, 1Y 30.0%29.3%33.6% 12.7%
Downside volatility, 1Y 26.5%30.4%31.9% 12.7%
Beta vs S&P 500, 1Y 0.480.530.81 1.00
Return / volatility, 1Y 1.15-1.050.00 1.03
Max drawdown, 5Y -48.7%-74.8%-54.7% -25.4%
From 52-week high -7.1%-33.0%-18.7% -2.5%
52-week high $72.79$6.30$31.98 $779.14
52-week low $49.03$4.22$23.09 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleJOEFPHFOR
P/E now vs peer median 31.4xmedian 7.8x 10.9xmedian 7.8x 7.8xmedian 7.8x
P/S now vs peer median 7.0xmedian 4.9x 5.3xmedian 4.9x 0.8xmedian 4.9x
EV/EBITDA now vs peer median 17.6xmedian 11.2x -5.8xmedian 11.2x 8.0xmedian 11.2x
P/FCF now vs peer median 20.2xmedian 6.4x 103.9xmedian 6.4x 4.7xmedian 6.4x
P/B now vs peer median 5.0xmedian 0.6x 0.3xmedian 0.6x 0.7xmedian 0.6x
PEG now vs peer median 2.31median 0.33 0.33median 0.33 1.67median 0.33

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsJOEFPHFOR
Revenue $547.84M $118.00M $1.72B
Gross profit $241.34M -$10.11M $368.90M
Operating income $165.33M -$131.54M $213.60M
Net income $123.71M $79.23M $170.50M
Free cash flow $191.24M $6.01M $282.90M
EPS (diluted) $2.15 $0.39 $3.32
Cash & equivalents $117.32M $358.72M $394.90M
Total debt – $1.78B $793.80M
Shares (diluted) 57.17M 76.10M 51.30M
Enterprise value $3.38B -$1.15B -$19.12M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricJOEFPHFOR
P/E 31.4x 10.9x 7.8x
P/FCF 20.2x 103.9x 4.7x
P/Operating cash flow 17.8x 98.4x 4.7x
P/S 7.0x 5.3x 0.8x
P/B 5.0x 0.3x 0.7x
P/Tangible book 5.0x 0.3x 0.7x
EV/EBITDA 17.6x -5.8x 8.0x
EV/EBIT 22.6x -5.4x 8.1x
EV/Revenue 6.8x 6.0x 1.0x
EV/FCF 19.5x 118.2x 6.1x
EV/Operating cash flow 17.2x 111.9x 6.1x
PEG (3Y EPS CAGR) 2.31 0.33 1.67

Growth

14 metrics
MetricJOEFPHFOR
Revenue growth (1Y) 28.4% -39.1% 11.8%
Revenue CAGR (3Y) 19.6% 2.4% 10.8%
Gross profit growth (1Y) 38.5% 90.0% 6.7%
Gross profit CAGR (3Y) – 53.6% 9.9%
Operating income growth (1Y) 63.9% 51.4% 5.7%
Operating income CAGR (3Y) 29.8% 15.7% 5.4%
Net income growth (1Y) 52.3% -67.8% 4.9%
Net income CAGR (3Y) 14.2% 0.7% 5.5%
EPS growth (1Y) 51.0% -6.4% 4.1%
EPS CAGR (3Y) 13.6% 32.9% 4.7%
Operating cash flow growth (1Y) 84.3% -97.0% 184.8%
Operating cash flow CAGR (3Y) 44.3% -50.3% 3.6%
Free cash flow growth (1Y) 134.2% -97.1% 183.9%
Free cash flow CAGR (3Y) 47.3% -51.2% 3.7%

Profitability

14 metrics
MetricJOEFPHFOR
Gross margin 44.1% -8.6% 21.4%
EBITDA margin 38.7% -103.9% 12.6%
Operating margin 30.2% -111.5% 12.4%
Pretax margin 30.3% 79.1% 13.1%
Net margin 22.5% 24.9% 9.9%
FCF margin 34.9% 5.1% 16.4%
Operating cash flow margin 39.6% 5.4% 16.5%
Return on equity 16.0% 3.4% 9.3%
Return on assets 8.2% 2.5% 5.3%
Return on invested capital – -4.0% 6.1%
Return on capital employed – – –
Asset turnover 0.4x 0.0x 0.5x
Cash conversion (OCF / net income) 1.8x 0.1x 1.7x
Stock comp / revenue 0.2% 7.0% 0.5%

Financial Health

11 metrics
MetricJOEFPHFOR
Debt / assets – 13.8% 24.6%
Debt / equity – 0.2x 0.4x
Net debt / EBITDA – -0.7x 1.8x
Debt / FCF – 73.9x 2.8x
Liabilities / assets 48.8% 27.7% 42.3%
Equity / assets 51.2% 72.3% 57.7%
Interest coverage 5.7x – –
Current ratio – – –
Quick ratio – – –
Cash ratio – – –
Altman Z-score – – –

Shareholder Returns

7 metrics
MetricJOEFPHFOR
Dividend yield 0.9% – –
Net buyback yield 1.6% – 0.0%
Shareholder yield 2.6% – 0.0%
Payout ratio (earnings) 28.8% – –
Payout ratio (FCF) 18.7% – –
Dividend growth (1Y) 9.2% – –
Dividend CAGR (3Y) 15.2% – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusJOEFPHFOR
Forward P/E 87.8xFY2026 3.9xFY2023 8.5xFY2026
EPS, next fiscal year $0.77FY2026 $1.09FY2023 $3.06FY2026
EPS growth, next FY -42.1%FY2026 – -7.0%FY2026
EPS growth, the year after – -37.6% -12.4%
Revenue, next fiscal year $273.72MFY2026 $559.28MFY2023 $1.77BFY2026
Revenue growth, next FY -29.7%FY2026 – +6.9%FY2026
Revenue growth, the year after – -42.5% +1.0%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersJOEFPHFOR
Held by institutions 87.6% 25.2% 36.6%
Institutions holding 320 88 185
Change in shares held, QoQ -0.2% +0.3% +0.1%
Institutions buying 160 37 97
Institutions selling 97 28 49
Buyers to sellers 1.65 1.32 1.98

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

JOEFPHFOR
JOE 1.00 0.26 0.32
FPH 0.26 1.00 0.43
FOR 0.32 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, JOE, FPH and FOR?

St Joe (JOE) is the largest by market capitalisation: St Joe (JOE) $3.89B, Five Point Holdings (FPH) $316.18M, Forestar (FOR) $1.33B.

Which stock is cheaper, JOE, FPH and FOR?

Forestar (FOR) trades on the lowest price-to-earnings ratio (St Joe (JOE) 31.6x, Five Point Holdings (FPH) 10.8x, Forestar (FOR) 7.8x). On next year's consensus earnings, Five Point Holdings (FPH) is cheapest (St Joe (JOE) 87.8x, Five Point Holdings (FPH) 3.9x, Forestar (FOR) 8.5x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

St Joe (JOE) grew revenue fastest over the trailing twelve months: St Joe (JOE) +28.4%, Five Point Holdings (FPH) -39.1%, Forestar (FOR) +11.8%.

Which company is more profitable?

Five Point Holdings (FPH) has the highest net margin (St Joe (JOE) 22.5%, Five Point Holdings (FPH) 24.9%, Forestar (FOR) 9.9%). On return on invested capital, Forestar (FOR) leads (Five Point Holdings (FPH) -4.0%, Forestar (FOR) 6.1%).

Which stock has performed better?

Over the past year St Joe (JOE) returned the most: St Joe (JOE) +34.5%, Five Point Holdings (FPH) -30.7%, Forestar (FOR) 0.0%. Over five years, St Joe (JOE) compounded fastest (St Joe (JOE) +7.7%/yr, Five Point Holdings (FPH) -11.9%/yr, Forestar (FOR) +5.4%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: St Joe (JOE) 0.01%, Five Point Holdings (FPH) 0.00%, Forestar (FOR) 0.00%. Five Point Holdings (FPH) and Forestar (FOR) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Five Point Holdings (FPH) has been the steadiest (St Joe (JOE) 30.0%, Five Point Holdings (FPH) 29.3%, Forestar (FOR) 33.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, JOE, FPH and FOR?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, St Joe (JOE) leads on 5. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.