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Forward Industries price to free cash flow FWDI

Market value divided by free cash flow over the last twelve months, since 2014.

Today, Oct 23, 2026
n/m
not a meaningful number
Last meaningful
20.8×
Feb 2025
10-year median
15.3×
10-year range
3.9× to 312×
Peer median
11.0×

Forward Industries' price to free cash flow is not a meaningful number today: free cash flow over the last twelve months was zero, negative or not reported.

It was last meaningful in Feb 2025, at 20.8×.

On the days it had one over the last ten years, its median was 15.3×, from 3.9× in Mar 2024 to 312× in Aug 2021.

Price to free cash flow 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
202520.8×17.0×21.1×
202416.8×3.9×17.5×
20238.1×8.1×126×
20227.9×7.9×245×
2021213×193×312×
202064.8×58.9×68.1×
201916.4×14.2×16.4×
201813.6×8.1×13.6×
201748.5×20.9×51.6×
201630.5×20.7×48.4×
201581.4×79.8×96.6×
201484.0×7.3×86.5×

Against its peers

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

CompanyPrice to free cash flow
FWDIForward Industriesn/m
OPFIOppFi1.2×
PLBCPlumas Bancorp13.9×
OPRTOportun Financialn/m
VELVelocity Financial26.8×
PRTHPriority Technology6.2×
TREELendingTree5.1×
RMNIRimini Street5.9×
CASSCass Information Systems16.8×
LSAKLesaka Technologies11.0×
MAXMediaAlpha13.0×
Peer median11.0×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Forward Industries

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