As of today (2024-04-24), Forward Air's share price is $23.30. Forward Air's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $13.66. Hence, Forward Air's Price to Tangible Book Ratio of today is 1.71.
The historical rank and industry rank for Forward Air's Price-to-Tangible-Book or its related term are showing as below:
FWRD'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.69 Med: 7.4 Max: 18.96
Current: 1.71
During the past 13 years, Forward Air's highest Price to Tangible Book Ratio was 18.96. The lowest was 1.69. And the median was 7.40.
FWRD's Price-to-Tangible-Book is ranked worse than 59.89% of 880
companies
in the Transportation industry
Industry Median: 1.39
vs FWRD: 1.71
A closely related ratio is called PB Ratio. As of today, Forward Air's share price is $23.30. Forward Air's Book Value per Sharefor the quarter that ended in Dec. 2023 was $29.77. Hence, Forward Air's P/B Ratio of today is 0.78.
Forward Air Price-to-Tangible-Book Historical Data
The historical data trend for Forward Air's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Forward Air's Price-to-Tangible-Book
For the Integrated Freight & Logistics subindustry, Forward Air's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Forward Air's Price-to-Tangible-Book Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Forward Air's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Forward Air's Price-to-Tangible-Book falls into.
Forward Air Price-to-Tangible-Book Calculation
Forward Air's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Forward Air Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Forward Air's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. It generates maximum revenue from the Expedited Freight segment. Expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling.
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