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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Forward Industries's enterprise value is MXN7,172.9 Mil.
Forward Industries's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was MXN-9,175.2 Mil. Therefore, Forward Industries's EV-to-EBITDA for today is -0.78.
The historical rank and industry rank for Forward Industries's EV-to-EBITDA or its related term are showing as below:
MEX:FORD1'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -2633.98 Med: 7.69 Max: 64.41
Current: -0.83
During the past 13 years, the highest EV-to-EBITDA of Forward Industries was 64.41. The lowest was -2633.98. And the median was 7.69.
MEX:FORD1's EV-to-EBITDA is ranked worse than 100% of 870
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 9.52
vs MEX:FORD1: -0.83
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Forward Industries's PE Ratio (TTM) for today is calculated as:
Forward Industries's share price for today is MXN63.41.
Forward Industries's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-208.826.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Forward Industries's EV-to-EBITDA 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: EV-to-EBITDA Comparison
For the Footwear & Accessories subindustry, Forward Industries's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Forward Industries's EV-to-EBITDA falls into.
Forward Industries's current Enterprise Value is MXN7,172.9 Mil.
Forward Industries's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN-9,175.2 Mil.
* 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 EV-to-EBITDA of -0.78 as of Aug. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Forward Industries. According to the industry distribution chart, Forward Industries ranks #999999 out of 870 companies in the Manufacturing - Apparel & Accessories industry.
Is Forward Industries' EV-to-EBITDA too high?
Forward Industries' current EV-to-EBITDA is -0.78. Based on the distribution chart, Forward Industries ranks #999999 out of 870 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' EV-to-EBITDA compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #999999 out of 870 companies for EV-to-EBITDA. This places Forward Industries in the lower half of its industry. The industry median EV-to-EBITDA is 9.52. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Manufacturing - Apparel & Accessories company?
The median EV-to-EBITDA among Manufacturing - Apparel & Accessories companies is 9.52, based on 870 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Forward Industries. For the Manufacturing - Apparel & Accessories industry, the median EV-to-EBITDA is 9.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current EV-to-EBITDA is -0.78. 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 EV-to-EBITDA of -0.78. 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 EV-to-EBITDA is -0.78. 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 EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Forward Industries (MEX:FORD1), the current EV-to-EBITDA is -0.78 as of Aug. 18, 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:
EV-to-EBITDA: -0.78
GF Value™: MXN2.67 vs. price of MXN63.41 (2274.9% above fair value)
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
Get the complete analysis for MEX:FORD1
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