Forward Air Corp
NASDAQ:FWRD

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Forward Air Corp
NASDAQ:FWRD
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Price: 23.44 USD 3.03% Market Closed
Market Cap: $739.5m

EV/S

0.9
Current
2%
Cheaper
vs 3-y average of 1

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.9
=
Enterprise Value
$2.1B
/
Revenue
$2.5B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
0.9
=
Enterprise Value
$2.1B
/
Revenue
$2.5B

Valuation Scenarios

Forward Air Corp is trading below its 3-year average

If EV/S returns to its 3-Year Average (1), the stock would be worth $23.92 (2% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+225%
Average Upside
75%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 0.9 $23.44
0%
3-Year Average 1 $23.92
+2%
5-Year Average 1.4 $33.95
+45%
Industry Average 1.2 $30.11
+28%
Country Average 3 $76.09
+225%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
$2.1B
/
Jan 2026
$2.5B
=
0.9
Current
$2.1B
/
Dec 2026
$2.7B
=
0.8
Forward
$2.1B
/
Dec 2027
$2.8B
=
0.8
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 83% of companies in the United States of America
Percentile
17th
Based on 11 256 companies
17th percentile
0.9
Low
0 — 1.6
Typical Range
1.6 — 5.3
High
5.3 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 1.6
Median 3
70th Percentile 5.3
Max 4 613 320.1

Forward Air Corp
Glance View

Forward Air Corp. engages in the provision of less-than-truckload (LTL), truckload, intermodal and pool distribution services. The company is headquartered in Greeneville, Tennessee and currently employs 4,035 full-time employees. The firm provides less-than-truckload (LTL), final mile, truckload and intermodal drayage services across the United States and in Canada. The firm operates through two segments: Expedited Freight and Intermodal. The Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL services. Expedited Freight offers customers local pick-up and delivery and other services including final-mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage and other handling. The Intermodal segment provides first- and last-mile high value intermodal container drayage services both to and from seaports and railheads. Intermodal also offers dedicated contract and Container Freight Station (CFS) warehouse and handling services.

FWRD Intrinsic Value
44.15 USD
Undervaluation 47%
Intrinsic Value
Price $23.44
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