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.
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.
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% |
The current PE ratio of FWRD is under its 3, 5 and 10-year averages.
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 |
The price to earnings ratio for FWRD stock as of Nov 29, 2023, stands at 15.49.
The 3-year average PE ratio for FWRD stock is 34.5.
The 5-year average PE ratio for FWRD stock is 29.36.
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 46% lower than the 10-year historical average.
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.