Boyar Research’s Forgotten Forty Delivers Strong Performance in 2025

Boyar Research today reported that its 2025 Forgotten Forty delivered a 12.95% return, outperforming major value-oriented U.S. equity benchmarks.

The Forgotten Forty is Boyar Research’s flagship annual publication and highlights 40 U.S. listed companies selected from the firm’s research universe where the firm believes there is the greatest potential for outperformance in the year ahead.

Boyar Research has published the Forgotten Forty annually for more than three decades. The report is distributed to the firm’s research subscribers and is also sold on an a la carte basis to both individual and institutional investors worldwide.

“Many clients use the Forgotten Forty as a way to begin the year with a focused set of ideas drawn from our broader research coverage,” said Jonathan Boyar, President of Boyar Research. “Each company included has already been the subject of a full-length Boyar Research report, and The Forgotten Forty reflects the companies in our universe where our analyst team has the highest conviction that those stocks can outperform in the year ahead due to identifiable catalysts.”

For more information about the Forgotten Forty, please click here

About Boyar Research

Founded in 1975, Boyar Research is an independent equity research firm known for its fundamental, valuation-driven approach and its focus on identifying underappreciated businesses with clear catalysts for value realization. The firm’s research is used by investors globally.

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Boyar Research reports that its 2025 Forgotten Forty delivered a 12.95% return, outperforming major value-oriented U.S. equity benchmarks.