Forward Air Corporation P/E Ratio 2008–2025
Forward Air Corporation reported 9.82 of price-to-earnings ratio for fiscal 2023. That was 32.3% lower than fiscal 2022. Compared with fiscal 2018, the change was -41.0%. This is a fiscal-year-end price divided by diluted EPS—not a live valuation—and is omitted when annual EPS is not positive.
| Fiscal year | P/E Ratio | Change (YoY) |
|---|---|---|
| FY 2025 | — | — |
| FY 2024 | — | — |
| FY 2023 | 9.82 | -32.3% |
| FY 2022 | 14.52 | -52.9% |
| FY 2021 | 30.79 | -65.3% |
| FY 2020 | 88.73 | +302.7% |
| FY 2019 | 22.03 | +32.4% |
| FY 2018 | 16.64 | -10.6% |
| FY 2017 | 18.62 | -61.8% |
| FY 2016 | 48.73 | +120.3% |
| FY 2015 | 22.12 | -5.1% |
| FY 2014 | 23.30 | +4.7% |
| FY 2013 | 22.26 | +27.4% |
| FY 2012 | 17.47 | -0.8% |
| FY 2011 | 17.61 | -21.6% |
| FY 2010 | 22.46 | -64.6% |
| FY 2009 | 63.41 | +352.3% |
| FY 2008 | 14.02 | — |
Source: Forward Air Corporation SEC filings — fiscal-year-end price ÷ diluted EPS. Computed deterministically; refreshed nightly (last updated August 2, 2026). Open FWRD 10-K filings at SEC EDGAR · Methodology · Download CSV.
How to read this history
Forward Air Corporation reported 9.82 of price-to-earnings ratio for fiscal 2023. That was 32.3% lower than fiscal 2022. Compared with fiscal 2018, the change was -41.0%. This is a fiscal-year-end price divided by diluted EPS—not a live valuation—and is omitted when annual EPS is not positive. Values remain missing when the cached filing does not disclose a comparable line item; they are never estimated. Stock splits, reorganizations and fiscal-calendar changes can reduce comparability.
Prepared and reviewed by the stockportfolio.pro research desk. Corrections: support@stockportfolio.pro.
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What is Forward Air Corporation's price-to-earnings ratio?
Forward Air Corporation (FWRD) reported price-to-earnings ratio of 9.82 for fiscal year 2023, per its SEC filings.
How has Forward Air Corporation's price-to-earnings ratio changed over time?
Between fiscal 2008 and 2025, FWRD's price-to-earnings ratio declined at roughly 2.1% per year (compound annual rate), from 14.02 to 9.82.
Where does this data come from?
Figures are computed from Forward Air Corporation's official SEC filings (fiscal-year-end price ÷ diluted EPS), refreshed nightly. Not investment advice.
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