P/E ratio for Forward Air (FWRD)
P/E ratio as of June 2024 (TTM): 4.08
According to Forward Air's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.08293. At the end of 2022 the company had a P/E ratio of 14.6.
P/E ratio history for Forward Air from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 14.6 | -53.25% |
| 2021 | 31.3 | -65.8% |
| 2020 | 91.5 | 300.17% |
| 2019 | 22.9 | 30.86% |
| 2018 | 17.5 | -10.9% |
| 2017 | 19.6 | -62.35% |
| 2016 | 52.1 | 117.9% |
| 2015 | 23.9 | -5.12% |
| 2014 | 25.2 | 3.81% |
| 2013 | 24.3 | 26.11% |
| 2012 | 19.2 | -2.77% |
| 2011 | 19.8 | -22.62% |
| 2010 | 25.6 | -65.27% |
| 2009 | 73.6 | 348.93% |
| 2008 | 16.4 | -20.56% |
| 2007 | 20.6 | 11.31% |
| 2006 | 18.5 | -28.65% |
| 2005 | 26.0 | -6.67% |
| 2004 | 27.9 | 24.06% |
| 2003 | 22.4 | 16.24% |
| 2002 | 19.3 | -47.6% |
| 2001 | 36.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Expeditors EXPD | 17.9 | 337.51% | 🇺🇸 USA |
 Old Dominion Freight Line
ODFL | 15.3 | 274.72% | 🇺🇸 USA |
 FedEx FDX | 15.1 | 270.58% | 🇺🇸 USA |
 Saia
SAIA | 31.9 | 681.70% | 🇺🇸 USA |
 ArcBest ARCB | 13.6 | 232.69% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.