Forward Industries EV/EBIT FWDI

Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2016.

Today, Oct 23, 2026: n/m; an operating loss
Last meaningful: 57.3×; Feb 2024
10-year median: 32.1×
10-year range: 10.7× to 163×
Peer median: 11.5×

Forward Industries has no meaningful EV/EBIT today: it made an operating loss of $941.1M over the last twelve months.

It was last meaningful in Feb 2024, at 57.3×.

On the days it had one over the last ten years, its median was 32.1×, from 10.7× in Dec 2020 to 163× in Aug 2021.

EV/EBIT over time

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2024	57.3×	53.6×	57.3×
2023	55.5×	55.5×	57.5×
2022	131×	115×	133×
2021	118×	11.9×	163×
2020	11.2×	10.7×	11.7×
2019	40.1×	32.5×	40.1×
2018	30.4×	11.1×	52.5×
2017	28.9×	25.8×	118×
2016	27.9×	15.5×	66.3×

Against its peers

Companies in Financial - Credit Services nearest Forward Industries' size, closest first, today.

Company	EV/EBIT
FWDIForward Industries	n/m
OPFIOppFi	5.0×
PLBCPlumas Bancorp	n/m
OPRTOportun Financial	73.7×
VELVelocity Financial	13.3×
PRTHPriority Technology	11.5×
TREELendingTree	6.2×
RMNIRimini Street	12.9×
CASSCass Information Systems	6.3×
LSAKLesaka Technologies	22.0×
MAXMediaAlpha	10.1×
Peer median	11.5×

What the EV/EBIT tells you

What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.

Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.

More on Forward Industries

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.