Valuation Forward Air Corporation

Equities

Market Closed - Nasdaq Other stock markets 21:00:00 23/01/2026 GMT			5-day change	1st Jan Change
27.79 ^USD	-2.39%		-2.76%	+11.16%

01-06	Forward Air Corporation highlights comprehensive stakeholder initiatives in 2025 sustainability report	RE
11-06	Forward Air Corporation, Q3 2025 Earnings Call, Nov 05, 2025

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	2,114	3,264	2,789	1,613	933.8	868.4	868.4	-
Change	-	54.44%	-14.56%	-42.15%	-42.12%	-7%	0%	-
Enterprise Value (EV) ¹	2,236	3,264	2,789	3,366	2,553	2,495	2,390	2,202
Change	-	45.97%	-14.56%	20.68%	-24.16%	-2.27%	-4.17%	-7.9%
P/E ratio	91.5x	31.5x	14.7x	9.82x	-1.09x	-8.62x	-24.9x	141x
PBR	3.83x	-	-	2.14x	3.97x	6.26x	7.41x	5.71x
PEG	-	0x	0.2x	-0.9x	0x	0.1x	0.4x	-1x
Capitalization / Revenue	1.66x	1.96x	1.41x	1.18x	0.38x	0.35x	0.33x	0.31x
EV / Revenue	1.76x	1.96x	1.41x	2.46x	1.03x	1x	0.92x	0.79x
EV / EBITDA	20.1x	16.4x	8.9x	16.6x	8.3x	8.51x	7.68x	6.24x
EV / EBIT	30.3x	19.6x	10.4x	23.1x	15.8x	17.5x	15.7x	11.7x
EV / FCF	28.6x	38.1x	12.8x	19.5x	-23.6x	38.1x	28.4x	16.4x
FCF Yield	3.5%	2.63%	7.83%	5.12%	-4.24%	2.63%	3.52%	6.11%
Dividend per Share ²	-	0.84	0.96	0.96	-	-	-	-
Rate of return	-	0.69%	0.92%	1.53%	-	-	-	-
EPS ²	0.84	3.85	7.14	6.4	-29.66	-3.222	-1.115	0.1967
Distribution rate	-	21.8%	13.4%	15%	-	-	-	-
Net sales ¹	1,270	1,662	1,973	1,371	2,474	2,493	2,606	2,781
EBITDA ¹	111	198.9	313.4	203.1	307.7	293	311.2	352.8
EBIT ¹	73.92	166.7	267.7	145.7	161.4	142.7	152.5	187.6
Net income ¹	23.73	105.9	193.2	167.4	-817	-109.1	-39.71	8.59
Net Debt ¹	122.6	-	-	1,752	1,619	1,626	1,522	1,333
Reference price ²	76.84	121.09	104.89	62.87	32.25	27.79	27.79	27.79
Nbr of stocks (in thousands)	27,508	26,958	26,590	25,662	28,954	31,248	31,248	-
Announcement Date	11/02/21	09/02/22	08/02/23	28/02/24	26/02/25	-	-	-

¹USD in Million²USD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
FORWARD AIR CORPORATION	-8.62x	1x	8.51x	-	868M
UNITED PARCEL SERVICE, INC.	16.53x	1.26x	9.21x	6.06%	91.61B
FEDEX CORPORATION	18.35x	0.94x	8.33x	1.89%	71.53B
DHL GROUP	14.97x	0.85x	6.51x	4.04%	57.95B
EXPEDITORS INTERNATIONAL OF WASHINGTON INC.	26.96x	1.85x	18.25x	0.95%	21.34B
J&T GLOBAL EXPRESS LIMITED	39.6x	1.04x	12.86x	-.--%	12.28B
INPOST S.A.	25.89x	2.48x	8.68x	-.--%	7.82B
GXO LOGISTICS, INC.	102.65x	0.65x	9.69x	-.--%	6.57B
SINOTRANS LIMITED	6.88x	0.34x	5.28x	7.92%	5.61B
SG HOLDINGS CO.,LTD.	15.29x	0.69x	8.07x	3.51%	5.71B
Average	25.85x	1.11x	9.54x	2.71%	28.13B
Weighted average by Cap.	20.44x	1.12x	9.17x	3.6%