Forward Air Corporation (FWRD) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Forward Air Corporation stock (FWRD) is currently trading at $16.61. Forward Air Corporation PS ratio (Price-to-Sales) is 0.20. Analyst consensus price target for FWRD is $35.33. WallStSmart rates FWRD as Underperform.
- FWRD PE ratio analysis and historical PE chart
- FWRD PS ratio (Price-to-Sales) history and trend
- FWRD intrinsic value — DCF, Graham Number, EPV models
- FWRD stock price prediction 2025 2026 2027 2028 2029 2030
- FWRD fair value vs current price
- FWRD insider transactions and insider buying
- Is FWRD undervalued or overvalued?
- Forward Air Corporation financial analysis — revenue, earnings, cash flow
- FWRD Piotroski F-Score and Altman Z-Score
- FWRD analyst price target and Smart Rating
Forward Air Corporation
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Smart Analysis
Forward Air Corporation (FWRD) · 10 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in peg ratio, price/sales, eps growth. Concerns around return on equity and operating margin. Mixed signals suggest waiting for clearer direction before acting.
Forward Air Corporation (FWRD) Key Strengths (4)
Growing significantly faster than its price suggests
Paying less than $1 for every $1 of annual revenue
Earnings per share surging 145.00% year-over-year
101.68% of shares held by major funds and institutions
Supporting Valuation Data
Forward Air Corporation (FWRD) Areas to Watch (6)
Company is destroying shareholder value
Revenue declining -0.30%, a shrinking business
Company is losing money with a negative profit margin
Near-zero operating margins, business under pressure
Premium pricing at 4.3x book value
Small-cap company with higher risk but more growth potential
Forward Air Corporation (FWRD) Detailed Analysis Report
Overall Assessment
This company scores 50/100 in our Smart Analysis, earning a D+ grade. Out of 10 metrics analyzed, 4 register as strengths (avg 10.0/10) while 6 fall into concern territory (avg 1.7/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on PEG Ratio, Price/Sales, EPS Growth. Valuation metrics including PEG Ratio (0.66), Price/Sales (0.20) suggest the stock is attractively priced. Growth metrics are encouraging with EPS Growth at 145.00%.
The Bear Case
The primary concerns are Return on Equity, Revenue Growth, Profit Margin. Some valuation metrics including Price/Book (4.31) suggest expensive pricing. Growth concerns include Revenue Growth at -0.30%, which may limit upside. Profitability pressure is visible in Return on Equity at -63.30%, Operating Margin at 3.59%, Profit Margin at -4.32%.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether Return on Equity improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at -63.30% needing improvement to support the investment thesis. Third, growth sustainability, with Revenue Growth at -0.30% needing to reaccelerate.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. There are more areas of concern than strength, warranting a more conservative position size. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (PEG Ratio, Price/Sales) and negatives (Return on Equity, Revenue Growth). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
FWRD Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
FWRD's Price-to-Sales ratio of 0.20x trades 22% below its historical average of 0.25x (0th percentile). The current valuation is 39% below its historical high of 0.32x set in Mar 2026, and -2% above its historical low of 0.2x in Mar 2026. Over the past 12 months, the PS ratio has compressed from ~0.3x as trailing revenue scaled faster than the stock price.
Compare FWRD with Competitors
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Data-driven financial summary for Forward Air Corporation (FWRD) · INDUSTRIALS › INTEGRATED FREIGHT & LOGISTICS
The Big Picture
Forward Air Corporation is in a turnaround phase, with management focused on restoring profitability. Revenue reached 2.5B with 30% decline year-over-year. The company is currently unprofitable, posting a -432.0% profit margin.
Key Findings
Revenue contracted 30% YoY. Worth determining whether this is cyclical or structural.
The company is unprofitable with a -432.0% profit margin. The path to breakeven will be the key catalyst.
What to Watch Next
Debt management: total debt of 2.2B is significantly higher than cash (140M). Monitor refinancing risk.
Sector dynamics: monitor INTEGRATED FREIGHT & LOGISTICS industry trends, competitive moves, and regulatory changes that could impact Forward Air Corporation.
Bottom Line
Forward Air Corporation is in turnaround mode. The path to profitability remains the critical question. Speculative investors may see opportunity in the recovery story, but conservative investors should wait for consistent positive earnings before committing capital.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
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About Forward Air Corporation(FWRD)
NASDAQ
INDUSTRIALS
INTEGRATED FREIGHT & LOGISTICS
USA
Forward Air Corporation is a light freight logistics and transportation company in the United States and Canada. The company is headquartered in Greeneville, Tennessee.