Forward Industries (FWDI) Price to Book (2010 - 2025)
Forward Industries' Price to Book was 0.64 in fiscal Q1 2026 (quarter ended Dec 31, 2025), down 73.3% from 2.39 a year earlier but up 439.5% from the prior quarter.
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Analysis
Forward Industries (FWDI) Price to Book (2010 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Price to Book at Forward Industries came in at 0.12, down 91.5% from FY2024.
- In earlier fiscal years, Price to Book was 1.38 in FY2024 (-52.6%), 2.92 in FY2023 (+36.9%), 2.14 in FY2022 (-33.9%) and 3.23 in FY2021 (+54.8%).
- Quarterly Price to Book has moved between 0.12 (fiscal Q4 2025) and 3.96 (fiscal Q2 2021) over five years.
- Compared with a year earlier, Price to Book has declined for six straight quarters, with an average decline of 28.0% over the last eight quarters.
- The best year-over-year quarter for Price to Book over five years was fiscal Q2 2021 (growth of 137.1%); the worst was fiscal Q4 2025 (a decline of 91.5%).
- Per Business Quant data, FWDI's Price to Book in the three fiscal quarters before Q1 2026 was 0.12 (Q4 2025), 1.96 (Q3 2025) and 1.28 (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Infosys | 44.69 Bn | 44.75 Bn | 1.60 Bn |
| 2 | Cognizant Technology Solutions | 26.45 Bn | 19.61 Bn | 1.83 Bn |
| 3 | Td Synnex | 22.21 Bn | 16.36 Bn | 1.43 Bn |
| 4 | Cdw | 16.70 Bn | 14.69 Bn | 1.32 Bn |
| 5 | Cgi | 15.63 Bn | 13.41 Bn | - |
| 6 | Arrow Electronics | 12.33 Bn | 11.35 Bn | 1.13 Bn |
| 7 | Avnet | 8.78 Bn | 7.96 Bn | 865.03 Mn |
| 8 | Ingram Micro Holding | 6.70 Bn | 2.31 Bn | 958.68 Mn |
| 9 | EPAM Systems | 5.58 Bn | 1.22 Bn | 429.57 Mn |
| 10 | Forward Industries | 602.59 Mn | 602.59 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.64 |
| Sep 30, 2025 | 0.12 |
| Jun 30, 2025 | 1.96 |
| Mar 31, 2025 | 1.28 |
| Dec 31, 2024 | 2.39 |
| Sep 30, 2024 | 1.38 |
| Jun 30, 2024 | 3.77 |
| Mar 31, 2024 | 3.47 |
| Dec 31, 2023 | 3.18 |
| Sep 30, 2023 | 2.92 |
| Jun 30, 2023 | 2.15 |
| Mar 31, 2023 | 2.25 |
| Dec 31, 2022 | 1.84 |
| Sep 30, 2022 | 2.14 |
| Jun 30, 2022 | 2.11 |
| Mar 31, 2022 | 2.35 |
| Dec 31, 2021 | 2.05 |
| Sep 30, 2021 | 3.23 |
| Jun 30, 2021 | 3.96 |
| Mar 31, 2021 | 3.96 |
API Access
Forward Industries Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "FWDI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();