What is the P/B ratio for Forward Industries, Inc. (FWDI)?

The P/B ratio for FWDI stock is 1.30.

What is the estimated TTM average P/B ratio for Forward Industries, Inc. (FWDI)?

The estimated TTM average P/B ratio for FWDI stock is 0.60.

What is the estimated 3Y average P/B ratio for Forward Industries, Inc. (FWDI)?

The estimated 3Y average P/B ratio for FWDI stock is 15.85.

What is the estimated 5Y average P/B ratio for Forward Industries, Inc. (FWDI)?

The estimated 5Y average P/B ratio for FWDI stock is 22.80.

What is the estimated 10Y average P/B ratio for Forward Industries, Inc. (FWDI)?

The estimated 10Y average P/B ratio for FWDI stock is 19.55.

What is the estimated 15Y average P/B ratio for Forward Industries, Inc. (FWDI)?

The estimated 15Y average P/B ratio for FWDI stock is 21.06.

What is the estimated 20Y average P/B ratio for Forward Industries, Inc. (FWDI)?

The estimated 20Y average P/B ratio for FWDI stock is 20.76.

TGMCharts

Compounders Research Compare

Compare

Forward Industries, Inc.(FWDI)

Asset Management - Cryptocurrency · Austin, TX

$8.35+0.24 (+2.90%)

Delayed quote: Oct 6, 2026, 11:10 AM EDT

Compare

PB Ratio: 1.30

Name: Forward Industries, Inc. (FWDI) PB Ratio — historical time series
Creator: TGMCharts

Basis: FMP quote market capitalization / book value attributable to common shareholders (matching reported total stockholders equity minus preferred stock). Source: stored company filings and market data; unavailable inputs remain N/A.

Is the P/B ratio high or low?

The P/B ratio of 1.30 is 94% below its estimated 5-year average of 22.80, near the low end of its estimated 5-year range (0.21–1230.24).

As of 2026-10-06T15:12:12.317Z. 117.45% above its estimated 12-month average of 0.60.

Stored calculation inputs

Calculation as of: 2026-10-06T15:12:12.317Z.

Quote observation: 2026-10-06T15:10:24.000Z. Amounts in USD. The price header may show a later quote.

Quote market capitalization: 615,478,171
Total stockholders equity · period ending 2026-06-30: 474,211,212
Preferred stock · period ending 2026-06-30: 0
Book value attributable to common shareholders · period ending 2026-06-30: 474,211,212

FMP input reference: 53cc8bb949a9cc30f8dd076bb6fad68413f89d906fbf0064fa7f7c61f5b26b92

P/E Ratio|ROE|Debt to Equity|All Metrics

PB Ratio

FWDI PB Ratio Chart

1.30

Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-10-05.

FWDI PB Ratio

FWDI Average PB Ratio Chart

FWDI PB Ratio

FWDI Current vs Average PB Ratio Chart

FWDI PB Ratio Metrics

PB RATIO

1.30

PB RATIO AVG TTM

0.60

PB RATIO AVG 3Y

15.85

PB RATIO AVG 5Y

22.80

PB RATIO AVG 10Y

19.55

PB RATIO AVG 15Y

21.06

PB RATIO AVG 20Y

20.76

CURRENT VS TTM AVG

+117.45%

CURRENT VS 3Y AVG

-91.80%

CURRENT VS 5Y AVG

-94.30%

CURRENT VS 10Y AVG

-93.35%

CURRENT VS 15Y AVG

-93.83%

CURRENT VS 20Y AVG

-93.74%

SECTOR MEDIAN · FINANCIAL SERVICES

1.31

median of 518 covered companies

CURRENT VS SECTOR MEDIAN

-0.76%

vs the sector median at left

FWDI Competitors' PB Ratio

FWDI

Forward Industries, Inc.

Current

Market Cap

$615.48M

PB Ratio

1.30

TTM Avg

0.60

3Y Avg

15.85

5Y Avg

22.80

AROW

Arrow Financial Corporation

vs FWDI

Market Cap

$619.67M

PB Ratio

1.39

TTM Avg

1.33

3Y Avg

1.22

5Y Avg

1.28

GAIN

Gladstone Investment Corp.

vs FWDI

Market Cap

$618.83M

PB Ratio

0.96

TTM Avg

0.98

3Y Avg

1.03

5Y Avg

1.04

HIFS

Hingham Institution for Savings

vs FWDI

Market Cap

$619.30M

PB Ratio

1.22

TTM Avg

1.33

3Y Avg

1.21

5Y Avg

1.41

Chaince Digital Holdings Inc.

vs FWDI

Market Cap

$619.59M

PB Ratio

13.25

TTM Avg

8.64

3Y Avg

8.63

5Y Avg

7.73

HYPOF

Hypoport SE

vs FWDI

Market Cap

$630.67M

PB Ratio

1.44

TTM Avg

2.89

3Y Avg

3.29

5Y Avg

4.98

FBIZ

First Business Financial Services, Inc.

vs FWDI

Market Cap

$600.07M

PB Ratio

1.57

TTM Avg

1.34

3Y Avg

1.22

5Y Avg

1.18

ABTC

American Bitcoin Corp

vs FWDI

Market Cap

$630.56M

PB Ratio

0.94

TTM Avg

1.81

3Y Avg

1.58

5Y Avg

0.82

GCBC

Greene County Bancorp, Inc.

vs FWDI

Market Cap

$595.55M

PB Ratio

2.14

TTM Avg

1.74

3Y Avg

2.08

5Y Avg

2.30

CCB

Coastal Financial Corporation

vs FWDI

Market Cap

$635.42M

PB Ratio

1.37

TTM Avg

2.63

3Y Avg

2.63

5Y Avg

2.65

NAME	MARKET CAP	PB RATIO	TTM	3Y	5Y
Forward Industries, Inc. (FWDI)	$615.48M	1.30	0.60	15.85	22.80
Arrow Financial Corporation (AROW)vs ›	$619.67M	1.39	1.33	1.22	1.28
Gladstone Investment Corp. (GAIN)vs ›	$618.83M	0.96	0.98	1.03	1.04
Hingham Institution for Savings (HIFS)vs ›	$619.30M	1.22	1.33	1.21	1.41
Chaince Digital Holdings Inc. (CD)vs ›	$619.59M	13.25	8.64	8.63	7.73
Hypoport SE (HYPOF)vs ›	$630.67M	1.44	2.89	3.29	4.98
First Business Financial Services, Inc. (FBIZ)vs ›	$600.07M	1.57	1.34	1.22	1.18
American Bitcoin Corp (ABTC)vs ›	$630.56M	0.94	1.81	1.58	0.82
Greene County Bancorp, Inc. (GCBC)vs ›	$595.55M	2.14	1.74	2.08	2.30
Coastal Financial Corporation (CCB)vs ›	$635.42M	1.37	2.63	2.63	2.65

P/B vs. estimated history

At 1.30, P/B is below its estimated 20-year median — higher than 4% of readings in its estimated 20-year history.

estimated 20-year low

0.21

median

20.71

estimated 20-year high

1230.24

estimated 20-year lowestimated 20-year high

Book Value Analysis

P/B Ratio

1.30

Market Price / Book Value per Share

PB Ratio Formula & Definition

PB Ratio = Market Cap / (Total Shareholders' Equity − Preferred Stock)

The price-to-book ratio compares market capitalization to book value attributable to common shareholders (total equity minus preferred stock). Lower values can indicate a cheaper valuation relative to net assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

PB Ratio FAQ

What is the P/B ratio for Forward Industries, Inc. (FWDI)?: The P/B ratio for FWDI stock is 1.30.
Is Forward Industries, Inc.'s P/B ratio high or low?: The P/B ratio of 1.30 is 94% below its estimated 5-year average of 22.80, near the low end of its estimated 5-year range (0.21–1230.24).
What is the estimated TTM average P/B ratio for Forward Industries, Inc. (FWDI)?: The estimated TTM average P/B ratio for FWDI stock is 0.60.
What is the estimated 3Y average P/B ratio for Forward Industries, Inc. (FWDI)?: The estimated 3Y average P/B ratio for FWDI stock is 15.85.
What is the estimated 5Y average P/B ratio for Forward Industries, Inc. (FWDI)?: The estimated 5Y average P/B ratio for FWDI stock is 22.80.
What is the estimated 10Y average P/B ratio for Forward Industries, Inc. (FWDI)?: The estimated 10Y average P/B ratio for FWDI stock is 19.55.
What is the estimated 15Y average P/B ratio for Forward Industries, Inc. (FWDI)?: The estimated 15Y average P/B ratio for FWDI stock is 21.06.
What is the estimated 20Y average P/B ratio for Forward Industries, Inc. (FWDI)?: The estimated 20Y average P/B ratio for FWDI stock is 20.76.

FWDI PB Ratio History

DATE	PB RATIO
2026-10-05	1.48
2026-10-02	1.49
2026-10-01	1.43
2026-09-30	1.43
2026-09-29	1.46
2026-09-28	1.47
2026-09-25	1.54
2026-09-24	1.53
2026-09-23	1.47
2026-09-22	1.57
2026-09-21	1.49
2026-09-18	1.41
2026-09-17	1.13
2026-09-16	1.10
2026-09-15	1.11
2026-09-14	1.27
2026-09-11	1.20
2026-09-10	1.18
2026-09-09	1.20
2026-09-08	1.25
2026-09-04	1.15
2026-09-03	1.22
2026-09-02	1.14
2026-09-01	1.14
2026-08-31	1.16
2026-08-28	1.08
2026-08-27	1.22
2026-08-26	1.08
2026-08-25	1.11
2026-08-24	1.05
2026-08-21	0.94
2026-08-20	0.92
2026-08-19	0.90
2026-08-18	0.83
2026-08-17	0.78
2026-08-14	0.78
2026-08-13	0.76
2026-08-12	0.76
2026-08-11	0.74
2026-08-10	0.73
2026-08-07	0.75
2026-08-06	0.72
2026-08-05	0.73
2026-08-04	0.73
2026-08-03	0.70
2026-07-31	0.69
2026-07-30	0.71
2026-07-29	0.65
2026-07-28	0.69
2026-07-27	0.70
2026-07-24	0.67
2026-07-23	0.73
2026-07-22	0.75
2026-07-21	0.74
2026-07-20	0.72
2026-07-17	0.69
2026-07-16	0.73
2026-07-15	0.74
2026-07-14	0.78
2026-07-13	0.71
2026-07-10	0.74
2026-07-09	0.71
2026-07-08	0.70
2026-07-07	0.74
2026-07-06	0.83
2026-07-02	0.83
2026-07-01	0.81
2026-06-30	0.73
2026-06-29	0.73
2026-06-26	0.68
2026-06-25	0.61
2026-06-24	0.63
2026-06-23	0.71
2026-06-22	0.74
2026-06-18	0.76
2026-06-17	0.80
2026-06-16	0.83
2026-06-15	0.83
2026-06-12	0.74
2026-06-11	0.73
2026-06-10	0.66
2026-06-09	0.70
2026-06-08	0.71
2026-06-05	0.64
2026-06-04	0.68
2026-06-03	0.73
2026-06-02	0.77
2026-06-01	0.80
2026-05-29	0.81
2026-05-28	0.78
2026-05-27	0.78
2026-05-26	0.81
2026-05-22	0.79
2026-05-21	0.82
2026-05-20	0.76
2026-05-19	0.70
2026-05-18	0.73
2026-05-15	0.77
2026-05-14	0.57
2026-05-13	0.52
2026-05-12	0.53
2026-05-11	0.56
2026-05-08	0.54
2026-05-07	0.53
2026-05-06	0.56
2026-05-05	0.53
2026-05-04	0.51
2026-05-01	0.50
2026-04-30	0.52
2026-04-29	0.48
2026-04-28	0.48
2026-04-27	0.50
2026-04-24	0.52
2026-04-23	0.52
2026-04-22	0.55
2026-04-21	0.53
2026-04-20	0.55
2026-04-17	0.55
2026-04-16	0.54
2026-04-15	0.52
2026-04-14	0.51
2026-04-13	0.52
2026-04-10	0.51
2026-04-09	0.52
2026-04-08	0.50
2026-04-07	0.48
2026-04-06	0.50
2026-04-02	0.48
2026-04-01	0.50
2026-03-31	0.50
2026-03-30	0.48
2026-03-27	0.48
2026-03-26	0.51
2026-03-25	0.55
2026-03-24	0.54
2026-03-23	0.55
2026-03-20	0.53
2026-03-19	0.56
2026-03-18	0.56
2026-03-17	0.62
2026-03-16	0.59
2026-03-13	0.53
2026-03-12	0.53
2026-03-11	0.56
2026-03-10	0.57
2026-03-09	0.56
2026-03-06	0.54
2026-03-05	0.55
2026-03-04	0.58
2026-03-03	0.49
2026-03-02	0.51
2026-02-27	0.48
2026-02-26	0.51
2026-02-25	0.52
2026-02-24	0.46
2026-02-23	0.46
2026-02-20	0.51
2026-02-19	0.51
2026-02-18	0.51
2026-02-17	0.53
2026-02-13	0.54
2026-02-12	0.22
2026-02-11	0.23
2026-02-10	0.23
2026-02-09	0.25
2026-02-06	0.24
2026-02-05	0.21
2026-02-04	0.24
2026-02-03	0.26
2026-02-02	0.27
2026-01-30	0.30
2026-01-29	0.31
2026-01-28	0.32
2026-01-27	0.33
2026-01-26	0.33
2026-01-23	0.36
2026-01-22	0.36
2026-01-21	0.35
2026-01-20	0.34
2026-01-16	0.40
2026-01-15	0.38
2026-01-14	0.41
2026-01-13	0.38
2026-01-12	0.35
2026-01-09	0.34
2026-01-08	0.36
2026-01-07	0.35
2026-01-06	0.36
2026-01-05	0.36
2026-01-02	0.34
2025-12-31	0.31
2025-12-30	0.30
2025-12-29	0.30
2025-12-26	0.32
2025-12-24	0.32
2025-12-23	0.31
2025-12-22	0.32
2025-12-19	0.32
2025-12-18	0.32
2025-12-17	0.32
2025-12-16	0.33
2025-12-15	0.33
2025-12-12	0.35
2025-05-14	1120.55
2025-05-13	1134.44
2025-05-12	1138.60
2025-05-09	1091.39
2025-05-08	1102.50
2025-05-07	1019.19
2025-05-06	1112.22
2025-05-05	1230.24
2025-05-02	1023.35
2025-05-01	915.05
2025-04-30	937.26
2025-04-29	852.56
2025-04-28	845.62
2025-04-25	785.91
2025-04-24	802.57
2025-04-23	790.08
2025-04-22	795.63
2025-04-21	760.92
2025-04-17	766.47
2025-04-16	763.70
2025-04-15	760.92
2025-04-14	790.08
2025-04-11	672.05
2025-04-10	681.77
2025-04-09	716.49
2025-04-08	742.87
2025-04-07	723.43
2025-04-04	944.21
2025-04-03	683.16
2025-04-02	622.07
2025-04-01	592.91
2025-03-31	576.24
2025-03-28	559.58
2025-03-27	602.63
2025-03-26	548.47
2025-03-25	540.14
2025-03-24	526.26
2025-03-21	526.26
2025-03-20	516.54
2025-03-19	512.37
2025-03-18	501.26
2025-03-17	497.10
2025-03-14	501.26
2025-03-13	479.05
2025-03-12	519.31
2025-03-11	544.31
2025-03-10	530.42
2025-03-07	594.29
2025-03-06	630.40
2025-03-05	642.89
2025-03-04	637.34
2025-03-03	629.01
2025-02-28	663.72
2025-02-27	691.49
2025-02-26	695.66
2025-02-25	687.33
2025-02-24	690.10

Showing the most recent 260 of 4,429 data points. The chart above shows the full history.

PB Ratio: 1.30

FWDI PB Ratio Chart

FWDI Average PB Ratio Chart

FWDI Current vs Average PB Ratio Chart

FWDI PB Ratio Metrics

FWDI Competitors' PB Ratio

P/B vs. estimated history

Book Value Analysis

PB Ratio Formula & Definition

PB Ratio FAQ

FWDI PB Ratio History

Related Metrics