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FORD (Forward Industries) Cyclically Adjusted PS Ratio : 0.18 (As of May. 30, 2025)


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What is Forward Industries Cyclically Adjusted PS Ratio?

As of today (2025-05-30), Forward Industries's current share price is $7.225. Forward Industries's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $40.21. Forward Industries's Cyclically Adjusted PS Ratio for today is 0.18.

The historical rank and industry rank for Forward Industries's Cyclically Adjusted PS Ratio or its related term are showing as below:

FORD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.08   Med: 0.36   Max: 1.21
Current: 0.18

During the past years, Forward Industries's highest Cyclically Adjusted PS Ratio was 1.21. The lowest was 0.08. And the median was 0.36.

FORD's Cyclically Adjusted PS Ratio is ranked better than
84.7% of 830 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.66 vs FORD: 0.18

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Forward Industries's adjusted revenue per share data for the three months ended in Mar. 2025 was $2.837. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $40.21 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Forward Industries Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Forward Industries's Cyclically Adjusted 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.

* Premium members only.

Forward Industries Cyclically Adjusted PS Ratio Chart

Forward Industries Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.59 0.31 0.18 0.09

Forward Industries Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PS Ratio 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 0.14 0.11 0.09 0.12 0.10

Competitive Comparison of Forward Industries's Cyclically Adjusted PS Ratio

For the Footwear & Accessories subindustry, Forward Industries's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted 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 Cyclically Adjusted PS Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Forward Industries's Cyclically Adjusted PS Ratio falls into.


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Forward Industries Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Forward Industries's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=7.225/40.21
=0.18

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Forward Industries's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=2.837/134.9266*134.9266
=2.837

Current CPI (Mar. 2025) = 134.9266.

Forward Industries Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 8.639 100.684 11.577
201509 9.060 100.392 12.177
201512 8.281 99.792 11.197
201603 8.112 100.470 10.894
201606 7.679 101.688 10.189
201609 7.628 101.861 10.104
201612 7.524 101.863 9.966
201703 5.228 102.862 6.858
201706 8.230 103.349 10.745
201709 7.136 104.136 9.246
201712 7.119 104.011 9.235
201803 9.587 105.290 12.286
201806 9.990 106.317 12.678
201809 10.043 106.507 12.723
201812 10.685 105.998 13.601
201903 8.575 107.251 10.788
201906 10.398 108.070 12.982
201909 9.595 108.329 11.951
201912 8.807 108.420 10.960
202003 8.322 108.902 10.311
202006 10.020 108.767 12.430
202009 8.844 109.815 10.866
202012 9.679 109.897 11.883
202103 8.471 111.754 10.227
202106 9.481 114.631 11.160
202109 10.424 115.734 12.153
202112 11.232 117.630 12.884
202203 10.253 121.301 11.405
202206 10.526 125.017 11.360
202209 5.358 125.227 5.773
202212 9.695 125.222 10.446
202303 9.681 127.348 10.257
202306 7.908 128.729 8.289
202309 7.711 129.860 8.012
202312 6.496 129.419 6.772
202403 4.606 131.776 4.716
202406 7.163 132.554 7.291
202409 6.654 133.029 6.749
202412 6.009 133.157 6.089
202503 2.837 134.927 2.837

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Forward Industries  (NAS:FORD) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Forward Industries Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Forward Industries's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Forward Industries Business Description

Traded in Other Exchanges
N/A
Address
700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788
Forward Industries Inc is a provider of carrying and protective solutions. The company 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 tablets, personal computers, barcode Scanners, GPS devices, and others. The company 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 Design segment.
Executives
Kathleen Weisberg officer: Chief Financial Officer 700 VETERANS MEMORIAL HWY, SUITE 100, HAUPPAUGE NY 11788
Sangita Shah director C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Sharon Hemond Hrynkow director 4816 KING SOLOMON DRIVE, ANNADALE VA 22003
James W Zigler director
Wild Robert W Jr. officer: COO of Subsidiary 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Mitchell Maiman officer: President of Subsidiary 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Paul Jean Severino officer: COO of Subsidiary 700 VETERANS MEMORIAL HIGHWAY, SUITE 100, HAUPPAUGE NY 11788
Thomas Edward Kramer officer: CEO to Subsidiary 8560 COTTONWOOD ST. NW, SUITE 100, MINNEAPOLIS MN 55433
Anthony Camarda officer: Chief Financial Officer 700 VETERANS HWY, SUITE 100, HAUPPAUGE NY 11788
Douglas David Matthews officer: Sr VP/Chief Operating Officer 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Jenny P. Yu 10 percent owner 9255 DOHENY ROAD, APT. 2905, WEST HOLLYWOOD CA 90069
James M Frost director 477 S. ROSEMARY AVE., SUITE 219, WEST PALM BEACH FL 33401
Michael L. Luetkemeyer director 411 LANDMARK DRIVE, WILMINGTON NC 28412
Sharon Hrynkow director C/O FORWARD INDUSTRIES, INC., 477 ROSEMARY AVE., STE. 219, WEST PALM BEACH FL 33401
Michael D Matte officer: Chief Financial Officer