Forward Industries, Inc. (FWDI) P/E Ratio History
Deep ValueTrading at -1.7x · 0th percentile of 5-year range · Significant discount to historical valuation · Data 1997–2021
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P/E Ratio Analysis
As of June 28, 2026, Forward Industries, Inc. (FWDI) trades at a price-to-earnings ratio of -1.7x, with a stock price of $4.11 and trailing twelve-month earnings per share of $-10.89.
The current P/E is 100% below its 5-year average of 1145.5x. Over the past five years, FWDI's P/E has ranged from a low of 77.6x to a high of 14250.0x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 21.6x, FWDI trades at a 108% discount to its sector peers. The sector includes 309 companies with P/E ratios ranging from 0.1x to 184.9x.
Relative to the broader market, FWDI trades at a notable discount to the S&P 500 median P/E of 25.3x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FWDI P/E vs Peers
Specialty carry, protection and custom goods peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $271M | 20.8 | 1.48 | +13% | |
| $274M | 27.8 | - | -73% | |
| $1B | 12.8Lowest | 0.54Best | -26% | |
| $201B | 49.0 | 1.76 | +74%Best | |
| $13B | 18.9 | 3.23 | +1% | |
| $22B | 28.2 | 2.33 | -4% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FWDI Historical P/E Data (1997–2021)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2021 Q4 | - | $23.90 | $0.05 | 500.0x | -25% |
| FY2021 Q3 | Jun 30 2021 | $29.60 | $0.04 | 663.7x | -0% |
| FY2021 Q2 | Mar 31 2021 | $28.50 | $0.00 | 14250.0x | +2045% |
| FY2019 Q1 | Dec 31 2018 | $13.00 | $0.08 | 162.7x | -76% |
| FY2018 Q4 | Sep 30 2018 | $15.30 | $0.15 | 105.1x | -84% |
| FY2018 Q3 | Jun 30 2018 | $16.20 | $0.14 | 113.3x | -83% |
| FY2018 Q2 | Mar 31 2018 | $14.20 | $0.18 | 77.6x | -88% |
| FY2018 Q1 | Dec 31 2017 | $24.60 | $0.06 | 442.4x | -33% |
| FY2017 Q4 | Sep 30 2017 | $24.58 | $0.07 | 374.7x | -44% |
| FY2017 Q3 | Jun 30 2017 | $21.00 | $0.07 | 304.8x | -54% |
| FY2017 Q2 | Mar 31 2017 | $23.76 | $0.02 | 1257.1x | +89% |
| FY2017 Q1 | Dec 31 2016 | $25.00 | $0.07 | 377.1x | -43% |
| FY2016 Q4 | Sep 30 2016 | $29.80 | $0.08 | 390.6x | -41% |
| FY2016 Q3 | - | $23.60 | $0.09 | 259.3x | -61% |
| FY2016 Q2 | - | $25.80 | $0.14 | 183.0x | -72% |
| FY2016 Q1 | - | $29.60 | $0.04 | 740.0x | +11% |
| FY2007 Q3 | Jun 30 2007 | $66.40 | $0.06 | 1059.0x | +59% |
| FY2007 Q2 | Mar 31 2007 | $83.20 | $0.14 | 599.4x | -10% |
| FY2007 Q1 | Dec 31 2006 | $83.80 | $0.15 | 547.0x | -18% |
| FY2006 Q4 | Sep 30 2006 | $102.40 | $0.20 | 503.9x | -24% |
| FY2006 Q3 | Jun 30 2006 | $83.00 | $0.59 | 140.7x | -79% |
| FY2006 Q2 | Mar 31 2006 | $214.00 | $0.88 | 243.2x | -63% |
| FY2006 Q1 | Dec 31 2005 | $178.00 | $1.14 | 156.1x | -76% |
| FY2005 Q4 | Sep 30 2005 | $469.40 | $1.25 | 375.5x | -43% |
| FY2005 Q3 | - | $319.80 | $0.96 | 333.1x | -50% |
| FY2005 Q2 | - | $259.80 | $0.68 | 382.1x | -42% |
| FY2005 Q1 | Dec 31 2004 | $83.60 | $0.49 | 170.6x | -74% |
| FY2004 Q4 | - | $45.60 | $0.31 | 147.1x | -78% |
| FY2004 Q3 | Jun 30 2004 | $52.60 | $0.25 | 214.0x | -68% |
| FY2004 Q2 | Mar 31 2004 | $44.20 | $0.23 | 195.7x | -71% |
| FY2004 Q1 | Dec 31 2003 | $48.00 | $0.18 | 273.0x | -59% |
| FY2003 Q4 | - | $47.60 | $0.25 | 193.7x | -71% |
| FY2003 Q3 | Jun 30 2003 | $32.40 | $0.23 | 139.8x | -79% |
| FY2003 Q2 | Mar 31 2003 | $36.80 | $0.24 | 152.2x | -77% |
| FY2003 Q1 | - | $22.02 | $0.22 | 99.3x | -85% |
| FY2002 Q4 | Sep 30 2002 | $16.20 | $0.14 | 114.2x | -83% |
| FY2000 Q3 | Jun 30 2000 | $42.50 | $0.23 | 188.9x | -72% |
| FY2000 Q2 | Mar 31 2000 | $62.50 | $0.24 | 259.6x | -61% |
| FY2000 Q1 | Dec 31 1999 | $65.00 | $0.25 | 260.0x | -61% |
| FY1999 Q4 | - | $47.50 | $0.14 | 339.3x | -49% |
| FY1998 Q3 | - | $56.26 | $0.10 | 548.9x | -17% |
| FY1998 Q2 | - | $57.50 | $0.11 | 511.1x | -23% |
| FY1998 Q1 | Dec 31 1997 | $45.00 | $0.11 | 400.0x | -40% |
| FY1997 Q4 | - | $30.00 | $0.06 | 480.0x | -28% |
Average P/E for displayed period: 664.3x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
29+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
FWDI — Frequently Asked Questions
Quick answers to the most common questions about buying FWDI stock.
What is FWDI's P/E ratio?
Forward Industries, Inc. (FWDI) trailing twelve-month P/E ratio is -1.7x, based on TTM diluted EPS of $-10.89. The 5-year average P/E is 1145.5x and the historical range spans 77.6x to 14250.0x.
Is FWDI stock overvalued or undervalued?
FWDI trades at -1.7x P/E, below its 5-year average of 1145.5x. At the 0th percentile of its historical range (77.6x–14250.0x), the stock is priced at a discount to its own history.
Is FWDI stock expensive?
No, FWDI is not expensive on a historical basis. The current P/E of -1.7x is below the 5-year average of 1145.5x and sits at the 0th percentile of its valuation range.
What is FWDI's historical P/E range?
Over the past 5 years, FWDI's P/E ratio has ranged from 77.6x to 14250.0x, with a median of 442.4x and an average of 1145.5x. The current P/E of -1.7x places the stock at the 0th percentile of this range. Full historical data spans 1997–2021.
How does FWDI's P/E compare to the S&P 500?
FWDI trades at -1.7x P/E versus the S&P 500 median of 25.3x. The 107% discount to the market suggests lower growth expectations or perceived higher risk.
How does FWDI's valuation compare to Consumer Cyclical peers?
Forward Industries, Inc. P/E of -1.7x compares to the Consumer Cyclical sector median of 21.6x. The discount suggests lower growth expectations, weaker margins, or higher perceived risk relative to peers. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FWDI's PEG ratio?
FWDI PEG ratio is N/A, based on a P/E of -1.7x and EPS growth of -1289.3%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is FWDI's earnings yield?
FWDI earnings yield is N/A, the inverse of its -1.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.