The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Forward Industries's share price is $0.535.
Forward Industries's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $3.28. Hence, Forward Industries's PS Ratio for today is 0.16.
The historical rank and industry rank for Forward Industries's PS Ratio or its related term are showing as below:
FORD'
s PS Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.38 Max: 1.25
Current: 0.16
During the past 13 years, Forward Industries's highest PS Ratio was 1.25. The lowest was 0.14. And the median was 0.38.
Forward Industries Inc revenue per share is in decline over the past 12 months.
During the past 12 months, the average Revenue per Share Growth Rate of Forward Industries was -8.30% per year.
During the past 3 years, the average Revenue per Share Growth Rate was 0.50% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -0.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 0.10% per year.
During the past 13 years, Forward Industries's highest 3-Year average Revenue per Share Growth Rate was 35.10% per year. The lowest was -34.60% per year. And the median was 0.05% per year.
Back to Basics: PS Ratio
Forward Industries PS Ratio Historical Data
The historical data trend for Forward Industries's PS Ratio 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 Industries's PS Ratio
For the Footwear & Accessories subindustry, Forward Industries's PS Ratio, along with its competitors' market caps and PS Ratio 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 Industries's PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's PS Ratio distribution charts can be found below:
* The bar in red indicates where Forward Industries's PS Ratio falls into.
Forward Industries PS Ratio Calculation
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Forward Industries's Share Price of today is $0.535. Forward Industries's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.28.
* 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:
Forward Industries (NAS:FORD) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Forward Industries PS Ratio Related Terms
Thank you for viewing the detailed overview of Forward Industries's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Forward Industries (Forward Industries) Business Description
Forward Industries Inc is a provider of carrying and protective solutions. It designs and distributes product protection for handheld electronic devices. Forward Industries sells soft-sided carrying cases for blood glucose diagnostic kits and portable consumer electronic devices such as smartphones, tablets, personal computers, notebooks, and global Positioning System devices. It operates in two segments, the OEM distribution segment sources and distributes carrying cases and other accessories for medical monitoring and diagnostic kits and a variety of other portable electronic and non-electronic devices directly to OEMs; The design segment provides a full spectrum of hardware and software product design and engineering services. The majority of revenue is generated from the US.
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