Forward Industries (FWDI) Price to Sales (2011 - 2025)
Forward Industries' Price to Sales came in at 16.04 for fiscal Q1 2026 (quarter ended Dec 31, 2025), compared with 0.28 a year earlier and up 68.0% from the prior quarter.
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Analysis
Forward Industries (FWDI) Price to Sales (2011 - 2025) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Forward Industries' Price to Sales was 9.55.
- Going back by fiscal year, Price to Sales was 0.21 in FY2024 (-1.4%), 0.21 in FY2023 (-40.5%), 0.35 in FY2022 (-43.2%) and 0.62 in FY2021 (+54.6%).
- The fiscal Q1 2026 figure represents the highest quarterly Price to Sales in data going back to fiscal Q2 2011.
- Year-over-year, Price to Sales increased in three of the last six quarters, with growth averaging 16.3%.
- The fastest year-over-year change in Price to Sales over five years came in fiscal Q2 2021 (growth of 161.5%), and the weakest in fiscal Q3 2022 (a decline of 58.0%).
- Business Quant data shows FWDI's Price to Sales at 9.55 (Q4 2025), 0.44 (Q3 2025) and 0.26 (Q2 2025) in the three fiscal quarters before Q1 2026.
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 | 16.04 |
| Sep 30, 2025 | 9.55 |
| Jun 30, 2025 | 0.44 |
| Mar 31, 2025 | 0.26 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 0.19 |
| Jun 30, 2024 | 0.20 |
| Mar 31, 2024 | 0.21 |
| Dec 31, 2023 | 0.22 |
| Sep 30, 2023 | 0.21 |
| Jun 30, 2023 | 0.29 |
| Mar 31, 2023 | 0.32 |
| Dec 31, 2022 | 0.30 |
| Sep 30, 2022 | 0.35 |
| Jun 30, 2022 | 0.34 |
| Mar 31, 2022 | 0.40 |
| Dec 31, 2021 | 0.38 |
| Sep 30, 2021 | 0.62 |
| Jun 30, 2021 | 0.81 |
| Mar 31, 2021 | 0.78 |
API Access
Forward Industries Price to Sales 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-sales&ticker=FWDI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-sales", "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-sales&ticker=FWDI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();