Forward Industries, Inc. (FWDI)

Forward Industries Ratios and Metrics

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

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May 20, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Market Cap	342	2,203	4	8	13	24
Market Cap Growth	3783.88%	53533.93%	-46.29%	-42.86%	-44.35%	80.51%
Enterprise Value	378.13	2,167	6.56	8.4	15.46	27.79
Last Close Price	4.44	25.57	3.73	7.60	13.30	23.90
PE Ratio	-	-	-	-	-	47.80
PS Ratio	7.62	121.11	0.21	0.11	0.35	0.62
PB Ratio	0.61	1.50	1.38	2.92	2.14	3.23
P/TBV Ratio	0.44	0.12	1.38	3.20	2.17	3.35
P/FCF Ratio	-	-	9.03	8.45	9.80	-
P/OCF Ratio	-	-	7.90	7.35	8.72	-
EV/Sales Ratio	8.43	119.13	0.33	0.12	0.40	0.71
EV/EBITDA Ratio	45.01	-	-	17.66	17.22	-
EV/EBIT Ratio	46.19	-	-	52.61	26.26	-
EV/FCF Ratio	-	-	14.43	9.28	11.32	-
Debt / Equity Ratio	0.10	0.00	1.02	1.50	0.74	0.69
Debt / EBITDA Ratio	-	-	-	9.15	5.60	-
Debt / FCF Ratio	-	-	7.55	4.81	3.68	-
Net Debt / Equity Ratio	0.07	-0.02	0.22	0.45	0.39	0.55
Net Debt / EBITDA Ratio	-0.04	4.42	-0.36	2.46	2.73	-9.34
Net Debt / FCF Ratio	-2.23	7.87	1.44	1.29	1.80	-6.87
Asset Turnover	0.06	0.02	1.24	3.80	1.87	1.99
Inventory Turnover	-	-	88.56	57.50	21.68	18.51
Quick Ratio	0.36	15.00	0.68	0.94	1.01	1.41
Current Ratio	0.40	15.14	1.03	1.05	1.44	1.78
Return on Equity (ROE)	-144.53%	-22.96%	-77.59%	3.57%	6.56%	7.47%
Return on Assets (ROA)	-116.55%	-1.13%	-13.52%	0.74%	2.87%	-3.90%
Return on Invested Capital (ROIC)	-120.64%	-1.16%	-28.24%	2.13%	5.57%	-6.43%
Return on Capital Employed (ROCE)	-121.58%	-1.14%	-36.01%	1.82%	4.99%	-6.60%
Earnings Yield	-	-	-	-	-	2.09%
FCF Yield	-	-	11.07%	11.83%	10.20%	-
Buyback Yield / Dilution	-4873.17%	-516.78%	0.00%	-7.94%	2.32%	-9.00%
Total Shareholder Return	-4873.17%	-516.78%	0.00%	-7.94%	2.32%	-9.00%

Updated May 14, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.