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FWRD Forward Air PE ratio, current and historical analysis

The current P/E ratio for Forward Air stock as of Nov 29, 2023 is 15.49. This is calculated based on the TTM EPS of $4.1 and the stock price of $63.52 per share. The PE ratio has decreased by 5% from its last 4 quarters average of 16.4.

FWRD PE ratio history

How has FWRD's PE ratio performed in the past

The average historical PE ratio of Forward Air for the last ten years is 28.65. The current price-to-earnings ratio of 15.49 is 46% less than the historical average. Analyzing the last ten years, FWRD's PE ratio reached its highest point in the Mar 2021 quarter at 94.48, when the price was $88.81 and the EPS was $0.94. The lowest point was recorded in the Sep 2022 quarter, when it reached 12.8 with a price of $90.26 and an EPS of $7.05.


Forward Air PE ratio by year

Maximum annual increase: 300.17% in 2020

Maximum annual decrease: -65.8% in 2021

Year PE ratio Change
2022 14.63 -53.24%
2021 31.29 -65.8%
2020 91.48 300.17%
2019 22.86 30.85%
2018 17.47 -11.81%
2017 19.81 -62.37%
2016 52.64 120.34%
2015 23.89 -5.61%
2014 25.31 4.33%
2013 24.26 26.09%

FWRD average PE ratio chart

What is the average PE ratio of FWRD for the past years

The current PE ratio of FWRD is under its 3, 5 and 10-year averages.

3-year avg
5-year avg
10-year avg
15-year avg

FWRD PE vs peers

What is FWRD's PE ratio compared to its peers

FWRD's PE ratio is less than its peer stocks ODFL and EXPD, but it is above FDX's and ARCB's. Forward Air is currently trading at a lower PE ratio (15.49) than its peers average of 23.48.

Stock name PE ratio Market cap
FDX Fedex Corp 15.38 $63.84B
ARCB Arcbest Corp 15.46 $2.78B
FWRD Forward Air Corp 15.49 $1.63B
EXPD Expeditors International Of Washington Inc 22.26 $17.38B
SAIA Saia Inc 30.35 $10.19B
ODFL Old Dominion Freight Line Inc 33.94 $41.89B

Frequently asked questions

What is Forward Air's PE ratio?

The price to earnings ratio for FWRD stock as of Nov 29, 2023, stands at 15.49.

What is the 3-year average PE ratio for Forward Air (FWRD)?

The 3-year average PE ratio for FWRD stock is 34.5.

What is the 5-year average PE ratio for Forward Air (FWRD)?

The 5-year average PE ratio for FWRD stock is 29.36.

What is the highest PE ratio for FWRD?

Over the last ten years, the quarterly PE ratio reached its highest level at 94.48 in the Mar 2021 quarter.

How does the current PE ratio for FWRD compare to its historical average?

The current PE ratio of FWRD is 46% lower than the 10-year historical average.

How is FWRD's PE ratio calculated (Forward Air PE ratio formula)?

The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Nov 29, 2023), Forward Air's share price is $63.52. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2023 is $4.1. Therefore, Forward Air's price to earnings ratio for today is 15.49. PE RATIO(15.49) = STOCK PRICE($63.52) / TTM EPS($4.1)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.