The current P/E ratio for Forward Air stock as of Apr 29, 2024 is 3.51. This is calculated based on the TTM EPS of $6.42 and the stock price of $22.52 per share. The PE ratio has decreased by 77% from its last 4 quarters average of 15.2.
The average historical PE ratio of Forward Air for the last ten years is 28.34. The current price-to-earnings ratio of 3.51 is 88% 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 Dec 2023 quarter, when it reached 9.79 with a price of $62.87 and an EPS of $6.42.
Maximum annual increase: 300.17% in 2020
Maximum annual decrease: -65.8% in 2021
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.79 | -33.08% |
| 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% |
The current PE ratio of FWRD is under its 3, 5 and 10-year averages.
FWRD's PE ratio is below its peer stocks FDX and ODFL. Forward Air is currently trading at a lower PE ratio (3.51) than its peers average of 23.23.
| Stock name | PE ratio | Market cap |
|---|---|---|
| FWRD Forward Air Corp | 3.51 | $593.86M |
| FDX Fedex Corp | 15.19 | $65.42B |
| ARCB Arcbest Corp | 15.9 | $3.04B |
| EXPD Expeditors International Of Washington Inc | 22.53 | $16.37B |
| SAIA Saia Inc | 30.02 | $11.06B |
| ODFL Old Dominion Freight Line Inc | 32.49 | $40.1B |
The price to earnings ratio for FWRD stock as of Apr 29, 2024, stands at 3.51.
The 3-year average PE ratio for FWRD stock is 21.62.
The 5-year average PE ratio for FWRD stock is 29.43.
Over the last ten years, the quarterly PE ratio reached its highest level at 94.48 in the Mar 2021 quarter.
The current PE ratio of FWRD is 88% lower than the 10-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Apr 29, 2024), Forward Air's share price is $22.52. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.42. Therefore, Forward Air's price to earnings ratio for today is 3.51. PE RATIO(3.51) = STOCK PRICE($22.52) / TTM EPS($6.42)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.