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Forward Industries price to book ratio FWDI

Market value divided by the book value of the company's net assets, since 2011.

Today, Oct 23, 2026
1.1×
10-year median
2.1×
Against its 10-year history
11th
percentile: 0 is its lowest day, 100 its highest
10-year range
0.3× to 18.5×
Peer median
1.4×

Forward Industries' price to book ratio is 1.1× as of Oct 23, 2026.

That is below its ten-year median of 2.1×, lower than on 89% of days in the last ten years.

Over that time it ranged from 0.3× in Feb 2026 to 18.5× in Sep 2025.

The median for 10 credit services stocks of a similar size is 1.4×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far1.1×0.3×1.3×
20250.4×0.4×18.5×
20244.1×2.0×4.3×
20232.8×1.5×2.9×
20221.7×1.7×2.6×
20212.1×2.1×6.5×
20202.7×1.2×3.1×
20191.0×0.9×1.5×
20181.1×1.0×2.9×
20172.5×2.2×2.8×
20162.7×2.5×3.6×
20153.5×1.6×4.1×
20141.8×1.7×3.5×
20132.8×2.6×3.6×
20122.1×1.2×2.7×
20111.4×1.3×2.2×

Against its peers

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

CompanyPrice to book ratio
FWDIForward Industries1.1×
OPFIOppFi1.1×
PLBCPlumas Bancorp1.6×
OPRTOportun Financial1.0×
VELVelocity Financial0.8×
PRTHPriority Technologyn/m
TREELendingTree1.2×
RMNIRimini Streetn/m
CASSCass Information Systems2.9×
LSAKLesaka Technologies1.7×
MAXMediaAlpha25.7×
Peer median1.4×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Forward Industries

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