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Forward AirFWRD +4.38%56 Days Payable is 20.88 as of Mar. 2026, which is 60% above its 10-year median of 13.06. GuruFocus rates FWRD with a GF Score™ of 56/100 and a GF Value™ of $32.72 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 969 Transportation companies, Forward Air ranks worse than 80.6% on this metric.
The historical data trend for Forward Air's Days Payable 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.
For the Integrated Freight & Logistics subindustry, Forward Air's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Transportation Industry
For the Transportation industry and Industrials sector, Forward Air's Days Payable distribution charts can be found below:
* The bar in red indicates where Forward Air's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Forward Air's Days Payable for the fiscal year that ended in Dec. 2025 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.
Forward Air (FWRD) has a Days Payable of 20.88 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Forward Air and its competitors. This is 60% above median its historical median of 13.06. Over the past decade, Forward Air's Days Payable has ranged from 9.26 to 19.95. According to the industry distribution chart, Forward Air ranks #781 out of 969 companies in the Transportation industry, placing it in the top 80.6%.
Is Forward Air's Days Payable too high?
Forward Air's current Days Payable of 20.88 is 60% above median its 10-year median of 13.06. Over the past 10 years, this metric has ranged from a low of 9.26 to a high of 19.95. The Transportation industry median Days Payable is 38.39. Forward Air's value of 20.88 is 45.6% below this industry median. Based on the distribution chart, Forward Air ranks #781 out of 969 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Forward Air has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's Days Payable compare to RLGT and CYRX?
According to the Transportation industry distribution chart, Forward Air ranks #781 out of 969 companies for Days Payable. This places Forward Air in the lower half of its industry. The industry median Days Payable is 38.39. Forward Air's value of 20.88 is 45.6% below this benchmark. Historically, Forward Air's own Days Payable has ranged from 9.26 to 19.95 over the past decade. While the company's 10-year median is 13.06 vs. the industry median of 38.39, Forward Air has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Transportation company?
The median Days Payable among Transportation companies is 38.39, based on 969 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Air's current Days Payable of 20.88 is 45.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Forward Air and its competitors. For the Transportation industry, the median Days Payable is 38.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current Days Payable is 20.88, which is 60% above median its own 10-year median of 13.06. 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 $32.72, compared to a current price of $14.67 — trading 55.2% below its estimated fair value. The current Days Payable is 20.88, which is 60% above median its 10-year median of 13.06 and 45.6% below the Transportation industry median of 38.39. Forward Air's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Forward Air (FWRD), the current Days Payable is 20.88 as of Mar. 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 $14.67 is trading 55.2% below its estimated GF Value™ of $32.72.
GuruFocus considers Forward Air to be Possible Value Trap.
Key valuation signals for FWRD:
Days Payable: 20.88 (60% above median its 10-year median of 13.06)
GF Value™: $32.72 vs. price of $14.67 (55.2% below fair value)
Industry Position: 45.6% below the Transportation median (#781 of 969)
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 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.
56GF Score
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