FWRD (Forward Air) 3-Year Book Growth Rate: -48.70% (As of Jun. 2026)

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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.
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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.

FWRD Forward Air Corp FWRD
60 GF Score
Price $18.10
GF Value $27.51
Valuation Possible Value Trap
! 7 Warning Signs
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What is Forward Air 3-Year Book Growth Rate?

Forward Air FWRD +1.80% 60 3-Year Book Growth Rate is -48.70% as of Jun. 2026. GuruFocus rates FWRD with a GF Score™ of 60/100 and a GF Value™ of $27.51 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 948 Transportation companies, Forward Air ranks worse than 98.52% on this metric.

Forward Air's Book Value per Share for the quarter that ended in Jun. 2026 was $-3.42.

During the past 12 months, Forward Air's average Book Value per Share Growth Rate was -169.00% per year. During the past 3 years, the average Book Value per Share Growth Rate was -48.70% per year. During the past 5 years, the average Book Value per Share Growth Rate was -29.00% per year. During the past 10 years, the average Book Value per Share Growth Rate was -7.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

During the past 13 years, the highest 3-Year average Book Value per Share Growth Rate of Forward Air was 69.60% per year. The lowest was -48.70% per year. And the median was 10.15% per year.


Forward Air  (NAS:FWRD) 3-Year Book Growth Rate Explanation

Book Value per Share is the ratio of equity available to common shareholders divided by the shares outstanding. Book value per share effectively indicates a firm's net asset value on a per-share basis. It can be used by investors to gauge whether a stock price is undervalued by comparing it to the firm's market value per share. Theoretically, it is what the shareholders will receive if the company is liquidated.


Forward Air 3-Year Book Growth Rate Related Terms


FWRD vs RLGT, CYRX, PAL: 3-Year Book Growth Rate Comparison

For the Integrated Freight & Logistics subindustry, Forward Air's 3-Year Book Growth Rate, along with its competitors' market caps and 3-Year Book Growth Rate 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 3-Year Book Growth Rate vs Transportation Industry

For the Transportation industry and Industrials sector, Forward Air's 3-Year Book Growth Rate distribution charts can be found below:

* The bar in red indicates where Forward Air's 3-Year Book Growth Rate falls into.


FWRD
60GF Score
Forward Air Corp FWRD
3-Year Book Growth Rate is just one metric. See GF Score™, valuation, warning signs, and more.
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Forward Air 3-Year Book Growth Rate Calculation

This is the 3-year average growth rate of Book Value per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Book Value per Share growth rate.

What does a 3-Year Book Growth Rate of -48.70% mean?
Forward Air (FWRD) has a 3-Year Book Growth Rate of -48.70% as of Jun. 2026. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for Forward Air and its competitors. According to the industry distribution chart, Forward Air ranks #934 out of 948 companies in the Transportation industry, placing it in the top 98.5%.
Is Forward Air's 3-Year Book Growth Rate too high?
Forward Air's current 3-Year Book Growth Rate is -48.70%. Based on the distribution chart, Forward Air ranks #934 out of 948 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Forward Air has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's 3-Year Book Growth Rate compare to RLGT and CYRX?
According to the Transportation industry distribution chart, Forward Air ranks #934 out of 948 companies for 3-Year Book Growth Rate. This places Forward Air in the lower half of its industry. The industry median 3-Year Book Growth Rate is 6.00. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Book Growth Rate for a Transportation company?
The median 3-Year Book Growth Rate among Transportation companies is 6.00, based on 948 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Book Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Book Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Book Growth Rate mean?
A high 3-Year Book Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Book Growth Rate is the 3-year average growth rate of Book Value per Share. View historical data for Forward Air and its competitors. For the Transportation industry, the median 3-Year Book Growth Rate is 6.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current 3-Year Book Growth Rate is -48.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Air stock overvalued right now?
Based on GuruFocus' analysis, Forward Air (FWRD) is currently considered Possible Value Trap. The stock's GF Value™ is $27.51, compared to a current price of $18.10 — trading 34.2% below its estimated fair value. The current 3-Year Book Growth Rate is -48.70%. Forward Air's overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Book Growth Rate calculated?
3-Year Book Growth Rate is calculated from a company's financial statements. For Forward Air (FWRD), the current 3-Year Book Growth Rate is -48.70% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Forward Air (FWRD) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Air stock appears to be undervalued. The current stock price of $18.10 is trading 34.2% below its estimated GF Value™ of $27.51. GuruFocus considers Forward Air to be Possible Value Trap.

Key valuation signals for FWRD:

  • 3-Year Book Growth Rate: -48.70%
  • GF Value™: $27.51 vs. price of $18.10 (34.2% below fair value)
  • GF Score™: 60/100 with 7 warning signs

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


Forward Air Business Description

Address 3200 Olympus Boulevard, Suite 300, Dallas, TX, USA, 75019
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The 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. The Company conducts business in North and South America, Europe, and Asia.
60GF Score

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3-Year Book Growth Rate is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$18.10
Price
$27.51
GF Value