Forward Industries, Inc. (FWDI)

NASDAQ: FWDI · Real-Time Price · USD

7.70

+1.50 (24.19%)

At close: Sep 18, 2026, 4:00 PM EDT

7.77

+0.07 (0.91%)

After-hours: Sep 18, 2026, 7:58 PM EDT

Forward Industries Ratios and Metrics

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

Millions USD. Fiscal year is Oct - Sep.

Total Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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 Capitalization	569	2,175	4	8	13	24
Market Cap Growth	887.19%	52862.92%	-46.32%	-42.83%	-44.19%	79.97%
Enterprise Value	674	2,182	5	9	16	28
Last Close Price	7.70	25.57	3.73	7.60	13.30	23.90

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
PE Ratio	-	-	-	-	-	45.77
Forward PE	71.10	39.25	39.25	39.25	39.25	39.25
PS Ratio	10.70	119.60	0.21	0.21	0.35	0.61
PB Ratio	1.20	1.48	1.38	2.92	2.13	3.22
P/TBV Ratio	1.20	1.48	5.64	-	3.93	5.49
P/FCF Ratio	-	-	9.03	8.45	9.80	-
P/OCF Ratio	-	-	7.90	7.35	8.72	-

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
EV/Sales Ratio	12.68	119.98	0.26	0.26	0.43	0.72
EV/EBITDA Ratio	66.25	-	-	19.72	18.24	-
EV/EBIT Ratio	67.26	-	-	58.74	27.83	-
EV/FCF Ratio	-	-	11.20	10.36	12.00	-

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Debt / Equity Ratio	0.25	0.00	1.16	1.66	0.80	0.74
Debt / EBITDA Ratio	11.06	-	-	3.97	3.29	31.73
Debt / FCF Ratio	-	-	7.55	4.81	3.68	-
Net Debt / Equity Ratio	0.22	-0.02	0.22	0.45	0.39	0.55
Net Debt / EBITDA Ratio	10.35	5.90	-0.41	2.46	2.73	-9.34
Net Debt / FCF Ratio	-5.72	7.87	1.44	1.29	1.80	-6.87
Asset Turnover	0.17	0.02	1.24	1.92	1.87	1.99
Inventory Turnover	-	-	-	56.35	19.28	16.42
Quick Ratio	0.12	15.01	0.68	0.94	1.01	1.41
Current Ratio	0.17	15.14	1.03	1.05	1.44	1.78
Return on Equity (ROE)	-461.37%	-22.96%	-77.59%	3.57%	6.56%	7.47%
Return on Assets (ROA)	2.05%	-0.53%	-7.58%	0.52%	1.80%	-2.44%
Return on Invested Capital (ROIC)	1.72%	-0.89%	-52.67%	2.27%	5.78%	-6.67%
Return on Capital Employed (ROCE)	2.10%	-0.40%	-36.20%	2.40%	5.40%	-6.00%

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 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
Earnings Yield	-193.75%	-7.68%	-47.49%	-48.84%	-10.30%	2.19%
FCF Yield	-3.23%	-0.21%	11.07%	11.83%	10.20%	-2.48%
Buyback Yield / Dilution	-6796.57%	-516.78%	-	-7.94%	2.32%	-8.97%