Forward Industries Ratios and Metrics

Market cap in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 18, 2026	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Market Cap	433	2,203	4	8	13	24
Market Cap Growth	8563.09%	53533.98%	-46.29%	-42.86%	-44.35%	75.03%
Enterprise Value	440.3	2,167	6.56	8.4	15.46	27.79
Last Close Price	5.21	25.57	3.73	7.60	13.30	23.90
PE Ratio	-	-1.04	-2.11	-2.24	-9.50	47.80
PS Ratio	13.14	121.11	0.21	0.11	0.35	0.62
PB Ratio	0.53	1.50	1.38	2.92	2.14	3.23
P/TBV Ratio	0.19	0.12	1.38	3.20	2.17	3.35
P/FCF Ratio	-	-486.49	9.03	8.45	9.80	-40.38
P/OCF Ratio	-	-489.27	7.90	7.35	8.72	-45.52
EV/Sales Ratio	12.58	119.13	0.33	0.12	0.40	0.71
EV/EBITDA Ratio	104.88	-268.81	-3.61	17.66	17.22	-63.50
EV/EBIT Ratio	112.21	-258.17	-3.05	52.61	26.26	-36.33
EV/FCF Ratio	-	-478.52	14.43	9.28	11.32	-46.67
Debt / Equity Ratio	0.01	0.00	1.02	1.50	0.74	0.69
Debt / EBITDA Ratio	-0.01	-0.32	-1.89	9.15	5.60	-12.56
Debt / FCF Ratio	-0.49	-0.56	7.55	4.81	3.68	-9.23
Net Debt / Equity Ratio	-0.02	-0.02	0.22	0.45	0.39	0.55
Net Debt / EBITDA Ratio	0.03	4.42	-0.36	2.46	2.73	-9.34
Net Debt / FCF Ratio	1.62	7.87	1.44	1.29	1.80	-6.87
Asset Turnover	0.08	0.02	1.24	3.80	1.87	1.99
Inventory Turnover	37.43	-	88.56	89.06	21.68	18.51
Quick Ratio	2.62	14.40	0.43	0.94	1.01	1.41
Current Ratio	6.24	15.14	1.03	1.05	1.44	1.78
Return on Equity (ROE)	-170.72%	-22.96%	-77.60%	3.57%	6.56%	7.47%
Return on Assets (ROA)	-130.90%	-1.13%	-13.52%	0.74%	2.87%	-3.90%
Return on Invested Capital (ROIC)	-137.08%	-1.16%	-28.24%	2.13%	5.57%	-6.43%
Return on Capital Employed (ROCE)	-133.20%	-1.14%	-36.01%	1.82%	4.99%	-6.60%
Earnings Yield	-163.55%	-96.17%	-47.45%	-44.61%	-10.53%	2.09%
FCF Yield	-2.61%	-0.21%	11.07%	11.83%	10.20%	-2.48%
Buyback Yield / Dilution	-3.27%	-41.25%	0.00%	0.00%	0.00%	-1.11%
Total Shareholder Return	-	-41.25%	0.00%	0.00%	0.00%	-1.11%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.