Forward Industries (FRA:23I0) Beta: N/A (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:23I0 Forward Industries Inc FRA:23I0
33 GF Score
Price €3.56
GF Value €0.16
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Forward Industries Beta?

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. As of today (2026-08-18), Forward Industries's Beta is Not available.

Forward Industries  (FRA:23I0) Beta Explanation

Beta is a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole. We usually compare beta to 1. A beta of 1 indicates that the security's price will move with the market. A beta of less than 1 means that the security will be less volatile than the market. A beta of greater than 1 indicates that the security's price will be more volatile than the market.

Beta is primarily used in the Capital Asset Pricing Model (CAPM) to calculate the Cost of Equity, which can be used in the calculation of WACC %. The formula of Cost of Equity is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)

Forward Industries Beta Related Terms

Forward Industries Beta Historical Data

* Premium members only.

The historical data trend for Forward Industries's Beta 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.

Forward Industries Beta Chart

Forward Industries Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Beta
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Forward Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Beta Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
FRA:23I0
33GF Score
Forward Industries Inc FRA:23I0
Beta is just one metric. See GF Score™, valuation, warning signs, and more.
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Forward Industries Beta Calculation

Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. A stock's beta can be calculated by dividing the product of the covariance of the individual stock's returns and the market's returns by the variance of the market's returns over a specified period. Basically, GuruFocus uses the returns calculated over three-year period.

Is Forward Industries (FRA:23I0) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Industries stock appears to be overvalued. The current stock price of €3.56 is trading 2121.9% above its estimated GF Value™ of €0.16. GuruFocus considers Forward Industries to be Significantly Overvalued.

Key valuation signals for FRA:23I0:

  • Beta: N/A
  • GF Value™: €0.16 vs. price of €3.56 (2121.9% above fair value)
  • GF Score™: 33/100 with 5 warning signs

No single metric tells the full story. See the FRA:23I0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Forward Industries Business Description

Other Exchanges FWDI:USAFORD1:Mexico
Address 700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788
Forward Industries Inc is a Solana-focused digital asset treasury company, with the idea to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. Its mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL and engaging with, providing tools to, and investing in the Solana network, Solana developers, and Solana-related projects in order to increase shareholder value. In connection with a private placement transaction in September 2025, it launched a digital asset treasury idea supported by investors and operating partners, including Galaxy Digital and Jump Crypto.
33GF Score

Get the complete analysis for FRA:23I0

Beta is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€3.56
Price
€0.16
GF Value