Forward Industries, Inc.
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Forward Industries, Inc.'s yearly results (2022–2025), compared with Consumer Cyclical companies in United States. Tap ? on any ratio for what it means.
What stands out
- Tangible Net Worth Ratio: Of every $100 of net worth, $100 is tangible; the rest is goodwill and other intangibles, often from buying other companies. More tangible than almost all Consumer Cyclical companies in United States.
- Tangible Assets Ratio: Of every $100 the company owns, $100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles. More tangible than almost all Consumer Cyclical companies in United States.
- Shareholder Slice Ratio: Share count rose 8,462% in 3 years, so each share's slice of the company became smaller. Bigger rise in share count than 98% of Consumer Cyclical companies in United States.
Where $100 of sales goes
Latest year (Sep 2025). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
—Loss-making or profit too small
Over the last 3 years profit was a loss or under 2% of sales, so cash per 100 of profit is not meaningful.
Self-Funding Ratio
-13.0×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 97% of Consumer Cyclical companies in United States.
Cash Locked Ratio
—Data incomplete
Growth quality
Steadiness Ratio
0/3 · 1/3Sales grew in 0 of the last 3 years; profit grew in 1 of 3.
Less steady than 91% of Consumer Cyclical companies in United States.
Growth Efficiency Ratio
—Sales fell 52%
Sales fell 52% in 3 years, so extra profit per extra sales cannot be measured.
Asset Productivity Ratio
-52% / +6944%In 3 years sales changed by -52% while total assets changed by +6944%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
-10.0×Operating cash was negative last year, while some debt falls due within a year.
Lower than 95% of Consumer Cyclical companies in United States.
Cash Cushion Ratio
+7%Cash, after subtracting all debt, equals 7% of its market value (net cash).
Higher than 90% of Consumer Cyclical companies in United States.
Tangible Assets Ratio
100%Of every $100 the company owns, $100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than almost all Consumer Cyclical companies in United States.
Tangible Net Worth Ratio
100%Of every $100 of net worth, $100 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than almost all Consumer Cyclical companies in United States.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (13)
Forward Industries, Inc. made a loss over the last year. Forward Industries, Inc. owes $0.21 for every $1 it owns. Forward Industries, Inc. made a loss in each of the last two years.
Compared with Consumer Cyclical companies in United States · latest annual results Sep 2025.
P/E ratio
LossForward Industries, Inc. made a loss over the last year, so its P/E ratio is not meaningful.
P/B ratio
1.12The share price is 1.12 times Forward Industries, Inc.'s book value per share, lower than 71% of Consumer Cyclical companies in United States.
Market cap
$533 MThe total market value of all of Forward Industries, Inc.'s shares at today's price (share price × number of shares), smaller than 62% of Consumer Cyclical companies in United States. PosiCap size class: Mini Cap.
Net worth (book value)
$474 MWhat Forward Industries, Inc. would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (30 Jun 2026).
Book value per share
$6.22Net worth divided by the number of shares. The share price of $6.99 is 1.1 times this, which is the P/B above.
Return on equity (ROE)
-461.4%Forward Industries, Inc. lost 461.4% of its shareholders' money over the last year, lower than 97% of Consumer Cyclical companies in United States.
Owes vs Owns
0.21×Forward Industries, Inc. owes $0.21 for every $1 it owns (low), lower than 96% of Consumer Cyclical companies in United States.
Dividend yield
NoneForward Industries, Inc. does not currently pay a dividend.
Revenue growth
-9%Revenue fell 9% in the year to Sep 2025, and shrank 22% a year on average over 3 years.
Profit growth
LossForward Industries, Inc. made a loss in each of the last two years.
Profit margin
-918.1%Forward Industries, Inc. lost $918 for every $100 of revenue.
Interest cover
Not coveredForward Industries, Inc.'s operating profit did not cover its interest costs in the year to Sep 2025.
Cash vs debt
Net cashForward Industries, Inc. held $36 M more cash than debt (net cash) at Sep 2025.
Questions
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Forward Industries, Inc.: $533 M ÷ $474 M (30 Jun 2026) = 1.1.
What is Forward Industries, Inc.'s return on equity?
Forward Industries, Inc. lost 461.4% of its shareholders' money over the last year, lower than 97% of Consumer Cyclical companies in United States.
How much does Forward Industries, Inc. owe compared with what it owns?
Forward Industries, Inc. owes $0.21 for every $1 it owns (low), lower than 96% of Consumer Cyclical companies in United States.
Does Forward Industries, Inc. pay a dividend?
No. Forward Industries, Inc. does not currently pay a dividend.
Is Forward Industries, Inc.'s revenue growing?
Revenue fell 9% in the year to Sep 2025, and shrank 22% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.