TacticScaleWhat Everforth Does & How It Makes Money (EFOR)
Updated October 2026 · reflects Everforth's latest reported financials
IT consulting and tech staffing firm serving businesses and federal government. It earns fees from IT consulting, project, and creative digital marketing services for commercial clients, plus permanent placement fees for recruiting talent.
How Everforth makes money
It earns fees from IT consulting, project, and creative digital marketing services for commercial clients, plus permanent placement fees for recruiting talent. It also earns revenue from IT solutions contracts with federal government agencies.
What Everforth does
Everforth, Inc., formerly ASGN Incorporated (renamed in April 2026), is a Glen Allen, Virginia-based IT solutions provider founded in 1985 that serves clients in the United States, Canada, and Europe. It operates two segments. The Commercial segment serves mainly Fortune 1000 and mid-market companies with consulting, creative digital marketing, and permanent placement services. Its main solution areas are cloud and infrastructure, data and AI, software engineering, customer experience, cybersecurity, and enterprise platforms. Key industries include financial services, consumer and industrial, technology, media and telecom, and healthcare. The Federal Government segment provides advanced IT solutions in data and AI, cybersecurity, and enterprise platforms to defense, intelligence, national security, and federal civilian clients. The company operates through well-known brands including Apex Systems, Creative Circle, CyberCoders, ECS, GlideFast, and TopBloc.
Products & services
- Apex Systems
- Creative Circle
- CyberCoders
- ECS
- GlideFast
- TopBloc
What is Everforth worth?
On an owner-earnings DCF, Everforth's most-likely value is about $69 versus a recent price near $38 (83% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$49) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $38 is below even the no-growth floor ($49); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -2.9%/yr. A bargain only if that pessimism is overdone.
⚠ High leverage — net debt is 6.0× annual cash flow. Net debt is subtracted from this fair value, but refinancing at higher rates, principal timing, and share dilution aren’t modeled — the equity can be worth far less if cash flow weakens.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
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