Forward Industries

NAQ:FWDI · US3498624093

Electronic Equipment, Instruments & ComponentsSmall

360

Value35

Profit price62

Cash yield1

Owner Earnings Yield1

Dividend Yield1

Sales & asset price42

Price/Sales16

EV / Gross Profit14

Price/Book97

Quality41

Returns on capital16

Return on Capital45

Cash Return on Capital3

Return on Equity1

Profit margins57

EBIT Margin94

Gross Profitability20

Cash backing51

Accruals100

Owner Earnings Margin1

Growth50

Sales growth100

Profit growth87

Reinvestment98

Price momentum5

Safety38

Debt load64

Debt serviceability7

Refinancing13

Debt Payback1

Liquidity100

Sentiment68

Analyst ratings100

Expectations trend74

Opinion Changes50

Price Target Upside97

Market mood7

Value Creation8/20creating some value

Creates more value than its capital costs
Owner earnings growing
Owner earnings per share growing
Reinvests at strong returns
Solid earnings base

What this means

Forward Industries clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA

IndustryElectronic Equipment, Instruments & Components

SizeSmall

TypePublic Company

ExchangeNASDAQCM

Founded1961

Employees11

Websiteforwardindustries.com

ISINUS3498624093

Last UpdateApr 2, 2026

Indices

NASDAQ (USA)

Themes

Digital MediaSoftware DevelopmentDetectors, Sensors and MemsDigital Asset ManagementCryptocurrencyBlockchainWearablesElectronicsMobile

Description

Forward Industries, Inc. (Forward) operates as a Solana focused digital asset treasury company. The company’s strategy is to buy, hold, stake, trade, invest in, and grow SOL and SOL related digital assets, protocols and businesses. The company has s…

Analysis

Middle-of-the-road

Forward Industries, Inc. is a middle-of-the-road business: neither the economics nor the price stand out from the peer group.

Valuation data is not available for this company.

The trajectory is moderate and the balance sheet is stretched. The company scores 8/20 on our value-creation score: creating some value. Analysts lean positive.

Nothing is flagged here: no red or amber gates, no divergence between profits and cash. That is itself information: the numbers are straightforward. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250

2026

All-time high

Mar 2026

All-time low

Jun 2026

Average rank

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023

Price/Sales

—

Price/Earnings

—

Price/Book

—

Dividend Yield

—

Value (overall)

—

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View

1 · Watch OutGood· 100

Value

1 · ExpensiveGood Value· 100

Quality

1 · Weak FundamentalsHigh Quality· 100

Growth

1 · Tough TimesHigh Growth· 100

Safety

1 · High LeverageWell-Financed· 100

Sentiment

1 · SkepticismPositive· 100

Learn More →