Forward Air PE ratio FWRD

Share price divided by earnings per share over the last twelve months, since 2011.

Today, Oct 23, 2026: n/m; losses over the last year
Last meaningful: 11.6×; Jul 2024
10-year median: 20.3×
10-year range: 2.4× to 111×
Peer median: 22.4×

Forward Air has no meaningful PE ratio today: it lost $8.90 a share over the last twelve months, and a PE needs earnings.

It was last meaningful in Jul 2024, at 11.6×.

On the days it had one over the last ten years, its median was 20.3×, from 2.4× in May 2024 to 111× in Mar 2021.

PE ratio over time

median 20.3×

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

Year	End of year	Low	High
2024	11.6×	2.4×	15.2×
2023	15.3×	11.4×	17.1×
2022	15.9×	15.9×	52.0×
2021	55.0×	38.5×	111×
2020	41.3×	14.2×	42.0×
2019	22.0×	16.2×	22.4×
2018	16.3×	15.7×	29.5×
2017	27.0×	25.6×	57.5×
2016	38.2×	20.8×	40.0×
2015	27.1×	23.4×	30.6×
2014	26.3×	23.7×	28.1×
2013	24.5×	20.4×	24.5×
2012	19.8×	17.0×	24.2×
2011	21.1×	17.4×	28.3×

Against its peers

Companies in Integrated Freight & Logistics nearest Forward Air's size, closest first, today.

Company	PE ratio
FWRDForward Air	n/m
RLGTRadiant Logistics	22.4×
HUBGHub	14.9×
BCOBrinks	25.7×
Peer median	22.4×

What the PE ratio tells you

Share price divided by earnings per share over the last twelve months. It is the price tag on a dollar of profit: 20× means you pay $20 for $1 of yearly earnings.

Blank while earnings are negative. A very low PE can mean the market expects profits to fall, so read it with growth and the company's own history.

More on Forward Air

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