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Forward IndustriesMEX:FORD1 37 Days Payable is 6.36 as of Jun. 2026, which is 74% above its 10-year median of 3.65. GuruFocus rates MEX:FORD1 with a GF Score™ of 37/100 and a GF Value™ of MXN2.67. The stock has 5 warning signs investors should review. Among 1,021 Manufacturing - Apparel & Accessories companies, Forward Industries ranks worse than 96.38% on this metric.
The historical rank and industry rank for Forward Industries's Days Payable or its related term are showing as below:
MEX:FORD1'
s Days Payable Range Over the Past 10 Years
Min: 1.14 Med: 3.65 Max: 7.68
Current: 7.39
During the past 13 years, Forward Industries's highest Days Payable was 7.68. The lowest was 1.14. And the median was 3.65.
MEX:FORD1's Days Payable is ranked worse than 96.38% of 1021
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 53.9
vs MEX:FORD1: 7.39
Forward Industries's Days Payable
increased
from Jun. 2025 (5.24) to Jun. 2026 (6.36).
It may suggest that Forward Industriesdelayed paying its suppliers.
The historical data trend for Forward Industries'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.
MEX:FORD1 vs DBI, RCKY, FOSL: Days Payable Comparison
For the Footwear & Accessories subindustry, Forward Industries'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 Industries Days Payable vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Days Payable distribution charts can be found below:
* The bar in red indicates where Forward Industries'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 Industries's Days Payable for the fiscal year that ended in Sep. 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 Industries (MEX:FORD1) has a Days Payable of 6.36 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Forward Industries and its competitors. This is 74% above median its historical median of 3.65. Over the past decade, Forward Industries' Days Payable has ranged from 1.14 to 7.68. According to the industry distribution chart, Forward Industries ranks #984 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 96.4%.
Is Forward Industries' Days Payable too high?
Forward Industries' current Days Payable of 6.36 is 74% above median its 10-year median of 3.65. Over the past 10 years, this metric has ranged from a low of 1.14 to a high of 7.68. The Manufacturing - Apparel & Accessories industry median Days Payable is 53.90. Forward Industries' value of 6.36 is 88.2% below this industry median. Based on the distribution chart, Forward Industries ranks #984 out of 1021 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Forward Industries has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Forward Industries' Days Payable compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #984 out of 1021 companies for Days Payable. This places Forward Industries in the lower half of its industry. The industry median Days Payable is 53.90. Forward Industries' value of 6.36 is 88.2% below this benchmark. Historically, Forward Industries' own Days Payable has ranged from 1.14 to 7.68 over the past decade. While the company's 10-year median is 3.65 vs. the industry median of 53.90, Forward Industries 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 Manufacturing - Apparel & Accessories company?
The median Days Payable among Manufacturing - Apparel & Accessories companies is 53.90, based on 1,021 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 Industries's current Days Payable of 6.36 is 88.2% 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 Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Days Payable is 53.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current Days Payable is 6.36, which is 74% above median its own 10-year median of 3.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Industries stock overvalued right now?
Forward Industries (MEX:FORD1) has a current Days Payable of 6.36. The stock's GF Value™ is MXN2.67, compared to a current price of MXN63.41 — trading 2274.9% above its estimated fair value. The current Days Payable is 6.36, which is 74% above median its 10-year median of 3.65 and 88.2% below the Manufacturing - Apparel & Accessories industry median of 53.90. Forward Industries' overall GF Score™ is 37/100 with 5 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 Industries (MEX:FORD1), the current Days Payable is 6.36 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 Industries (MEX:FORD1) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Industries stock appears to be overvalued.
The current stock price of MXN63.41 is trading 2274.9% above its estimated GF Value™ of MXN2.67.
Key valuation signals for MEX:FORD1:
Days Payable: 6.36 (74% above median its 10-year median of 3.65)
GF Value™: MXN2.67 vs. price of MXN63.41 (2274.9% above fair value)
Industry Position: 88.2% below the Manufacturing - Apparel & Accessories median (#984 of 1021)
No single metric tells the full story. See the MEX:FORD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
37GF Score
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