Forward Industries, Inc. (FWDI) P/E Ratio History
Historical price-to-earnings valuation from 1997 to 2021
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FWDI Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Forward Industries, Inc. (FWDI) trades at a price-to-earnings ratio of -0.2x, with a stock price of $4.67 and trailing twelve-month earnings per share of $-7.59.
The current P/E is 100% below its 5-year average of 114.6x. Over the past five years, FWDI's P/E has ranged from a low of 7.8x to a high of 1425.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.4x, FWDI trades at a 101% discount to its sector peers. The sector includes 302 companies with P/E ratios ranging from 0.1x to 199.2x.
Relative to the broader market, FWDI trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FWDI DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FWDI P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $281M | 21.6 | 1.54 | +13% | |
| $266M | 27.1 | - | -73% | |
| $1B | 12.2Lowest | 0.51Best | -26% | |
| $168B | 40.9 | 1.47 | +74%Best | |
| $13B | 18.8 | 3.23 | +1% | |
| $20B | 26.0 | 2.15 | -4% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FWDI Historical P/E Data (1997–2021)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2021 Q4 | $23.90 | $0.48 | 50.0x | -25% | |
| FY2021 Q3 | Wed Jun 30 2021 00:00:00 GM | $29.60 | $0.45 | 66.4x | -0% |
| FY2021 Q2 | Wed Mar 31 2021 00:00:00 GM | $28.50 | $0.02 | 1425.0x | +2045% |
| FY2019 Q1 | Mon Dec 31 2018 00:00:00 GM | $13.00 | $0.80 | 16.3x | -76% |
| FY2018 Q4 | Sun Sep 30 2018 00:00:00 GM | $15.30 | $1.46 | 10.5x | -84% |
| FY2018 Q3 | Sat Jun 30 2018 00:00:00 GM | $16.20 | $1.43 | 11.3x | -83% |
| FY2018 Q2 | Sat Mar 31 2018 00:00:00 GM | $14.20 | $1.83 | 7.8x | -88% |
| FY2018 Q1 | Sun Dec 31 2017 00:00:00 GM | $24.60 | $0.56 | 44.2x | -33% |
| FY2017 Q4 | Sat Sep 30 2017 00:00:00 GM | $24.58 | $0.66 | 37.5x | -44% |
| FY2017 Q3 | Fri Jun 30 2017 00:00:00 GM | $21.00 | $0.69 | 30.5x | -54% |
| FY2017 Q2 | Fri Mar 31 2017 00:00:00 GM | $23.76 | $0.19 | 125.7x | +89% |
| FY2017 Q1 | Sat Dec 31 2016 00:00:00 GM | $25.00 | $0.66 | 37.7x | -43% |
Average P/E for displayed period: 66.4x
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Start ComparisonFWDI — Frequently Asked Questions
Quick answers to the most common questions about buying FWDI stock.
Is FWDI stock overvalued or undervalued?
FWDI trades at -0.2x P/E, below its 5-year average of 114.6x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does FWDI's valuation compare to peers?
Forward Industries, Inc. P/E of -0.2x compares to sector median of 19.4x. The discount suggests lower growth expectations or higher risk.
What is FWDI's PEG ratio?
FWDI PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1997-2021.