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Forward IndustriesFRA:23I0 +3.34%33 FCF Margin % is -31.09% as of Jun. 2026. GuruFocus rates FRA:23I0 with a GF Score™ of 33/100 and a GF Value™ of €0.16 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,040 Manufacturing - Apparel & Accessories companies, Forward Industries ranks worse than 92.12% on this metric.
The historical rank and industry rank for Forward Industries's FCF Margin % or its related term are showing as below:
FRA:23I0'
s FCF Margin % Range Over the Past 10 Years
Min: -34.6 Med: 0.86 Max: 3.57
Current: -34.6
During the past 13 years, the highest FCF Margin % of Forward Industries was 3.57%. The lowest was -34.60%. And the median was 0.86%.
FRA:23I0's FCF Margin % is ranked worse than 92.12% of 1040
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.275
vs FRA:23I0: -34.60
The historical data trend for Forward Industries's FCF Margin % 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.
FRA:23I0 vs DBI, RCKY, FOSL: FCF Margin % Comparison
For the Footwear & Accessories subindustry, Forward Industries's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Forward Industries's FCF Margin % falls into.
* 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 (FRA:23I0) has a FCF Margin % of -31.09% as of Jun. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Forward Industries and its competitors. According to the industry distribution chart, Forward Industries ranks #958 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 92.1%.
Is Forward Industries' FCF Margin % too high?
Forward Industries' current FCF Margin % is -31.09%. Based on the distribution chart, Forward Industries ranks #958 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Forward Industries has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forward Industries' FCF Margin % compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #958 out of 1040 companies for FCF Margin %. This places Forward Industries in the lower half of its industry. The industry median FCF Margin % is 2.28. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Manufacturing - Apparel & Accessories company?
The median FCF Margin % among Manufacturing - Apparel & Accessories companies is 2.28, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Forward Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median FCF Margin % is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current FCF Margin % is -31.09%. 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?
Based on GuruFocus' analysis, Forward Industries (FRA:23I0) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.16, compared to a current price of €3.56 — trading 2121.9% above its estimated fair value. The current FCF Margin % is -31.09%. Forward Industries' overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Forward Industries (FRA:23I0), the current FCF Margin % is -31.09% 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 (FRA:23I0) Overvalued in 2026?
Based on GuruFocus' analysis, Forward Industries stock appears to be overvalued.
The current stock price of €3.56 is trading 2121.9% above its estimated GF Value™ of €0.16.
GuruFocus considers Forward Industries to be Significantly Overvalued.
Key valuation signals for FRA:23I0:
FCF Margin %: -31.09%
GF Value™: €0.16 vs. price of €3.56 (2121.9% above fair value)
No single metric tells the full story. See the FRA:23I0 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.
33GF Score
Get the complete analysis for FRA:23I0
FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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