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FWRD Forward Air PE ratio, current and historical analysis

The current P/E ratio for Forward Air stock as of Jun 20, 2024 is 9.31. This is calculated based on the TTM EPS of $2.24 and the stock price of $20.86 per share. The PE ratio has decreased by 37% from its last 4 quarters average of 14.8.

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 27.98. The current price-to-earnings ratio of 9.31 is 67% 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.

Average
27.98
Median
22.93
Minimum
9.79
Maximum
94.48

Forward Air PE ratio by year

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%

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
20.98
5-year avg
28.66
10-year avg
27.98
15-year avg
28.19

FWRD PE vs peers

What is FWRD's PE ratio compared to its peers

FWRD's PE ratio is below its peer stocks FDX and ODFL. Forward Air is currently trading at a lower PE ratio (9.31) than its peers average of 25.17.

Stock name PE ratio Market cap
FWRD Forward Air Corp 9.23 $546.35M
FDX Fedex Corp 14.56 $62.7B
ARCB Arcbest Corp 20.95 $2.5B
EXPD Expeditors International Of Washington Inc 26.88 $18.04B
ODFL Old Dominion Freight Line Inc 30.56 $37.92B
SAIA Saia Inc 33.21 $12.24B

Frequently asked questions

What is Forward Air's PE ratio?

The price to earnings ratio for FWRD stock as of Jun 20, 2024, stands at 9.31.

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

The 3-year average PE ratio for FWRD stock is 20.98.

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

The 5-year average PE ratio for FWRD stock is 28.66.

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 67% lower than the 10-year historical average.

Why is Forward Air's PE ratio so low?

A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.

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 (Jun 20, 2024), Forward Air's share price is $20.86. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $2.24. Therefore, Forward Air's price to earnings ratio for today is 9.31. PE RATIO(9.31) = STOCK PRICE($20.86) / TTM EPS($2.24)

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