FWRD Relative Valuation
FWRD's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, FWRD is overvalued; if below, it's undervalued.
Historical Valuation
Forward Air Corp (Delaware) (FWRD) is now in the Fair zone, suggesting that its current forward PS ratio of 0.00 is considered Fairly compared with the five-year average of 35.39. The fair price of Forward Air Corp (Delaware) (FWRD) is between NaN to NaN according to relative valuation methord.
Relative Value
Fair Zone
NaN-NaN
Current Price：25.19
Fair
-100.24
PE
1Y
3Y
5Y
Trailing
Forward
9.20
EV/EBITDA
Forward Air Corp (Delaware). (FWRD) has a current EV/EBITDA of 9.20. The 5-year average EV/EBITDA is 10.04. The thresholds are as follows: Strongly Undervalued below 5.17, Undervalued between 5.17 and 7.60, Fairly Valued between 12.47 and 7.60, Overvalued between 12.47 and 14.90, and Strongly Overvalued above 14.90. The current Forward EV/EBITDA of 9.20 falls within the Historic Trend Line -Fairly Valued range.
18.53
EV/EBIT
Forward Air Corp (Delaware). (FWRD) has a current EV/EBIT of 18.53. The 5-year average EV/EBIT is 14.62. The thresholds are as follows: Strongly Undervalued below 7.72, Undervalued between 7.72 and 11.17, Fairly Valued between 18.08 and 11.17, Overvalued between 18.08 and 21.53, and Strongly Overvalued above 21.53. The current Forward EV/EBIT of 18.53 falls within the Overvalued range.
0.30
PS
Forward Air Corp (Delaware). (FWRD) has a current PS of 0.30. The 5-year average PS is 0.96. The thresholds are as follows: Strongly Undervalued below -0.17, Undervalued between -0.17 and 0.40, Fairly Valued between 1.52 and 0.40, Overvalued between 1.52 and 2.09, and Strongly Overvalued above 2.09. The current Forward PS of 0.30 falls within the Undervalued range.
6.43
P/OCF
Forward Air Corp (Delaware). (FWRD) has a current P/OCF of 6.43. The 5-year average P/OCF is 6.59. The thresholds are as follows: Strongly Undervalued below -22.11, Undervalued between -22.11 and -7.76, Fairly Valued between 20.94 and -7.76, Overvalued between 20.94 and 35.29, and Strongly Overvalued above 35.29. The current Forward P/OCF of 6.43 falls within the Historic Trend Line -Fairly Valued range.
9.24
P/FCF
Forward Air Corp (Delaware). (FWRD) has a current P/FCF of 9.24. The 5-year average P/FCF is 10.99. The thresholds are as follows: Strongly Undervalued below -6.29, Undervalued between -6.29 and 2.35, Fairly Valued between 19.63 and 2.35, Overvalued between 19.63 and 28.27, and Strongly Overvalued above 28.27. The current Forward P/FCF of 9.24 falls within the Historic Trend Line -Fairly Valued range.
Forward Air Corp (Delaware) (FWRD) has a current Price-to-Book (P/B) ratio of 5.63. Compared to its 3-year average P/B ratio of 3.33 , the current P/B ratio is approximately 69.01% higher. Relative to its 5-year average P/B ratio of 3.74, the current P/B ratio is about 50.29% higher. Forward Air Corp (Delaware) (FWRD) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 1.70%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 2.48% , the current FCF yield is about -100.00% lower.
5.71
P/B
Median3y
3.33
Median5y
3.74
1.97
FCF Yield
Median3y
1.70
Median5y
2.48
Competitors Valuation Multiple
The average P/S ratio for FWRD's competitors is , providing a benchmark for relative valuation. Forward Air Corp (Delaware) Corp (FWRD) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -3.69%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of FWRD decreased by 20.74% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -4.90 to -5.43.
The secondary factor is the Revenue Growth, contributed -3.69%to the performance.
Overall, the performance of FWRD in the past 1 year is driven by P/E Change. Which is more unsustainable.
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FAQ
Is Forward Air Corp (Delaware) (FWRD) currently overvalued or undervalued?
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What is the current P/B ratio for Forward Air Corp (Delaware) (FWRD) as of Dec 05 2025?
What is the current FCF Yield for Forward Air Corp (Delaware) (FWRD) as of Dec 05 2025?
What is the current Forward P/E ratio for Forward Air Corp (Delaware) (FWRD) as of Dec 05 2025?