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Forward IndustriesMEX:FORD1 37 Gross Margin % is 62.19% as of Jun. 2026, which is 210% above its 10-year median of 20.05. 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 1,028 Manufacturing - Apparel & Accessories companies, Forward Industries ranks better than 95.62% on this metric.
The historical rank and industry rank for Forward Industries's Gross Margin % or its related term are showing as below:
MEX:FORD1'
s Gross Margin % Range Over the Past 10 Years
Min: 16.93 Med: 20.05 Max: 70.56
Current: 70.56
During the past 13 years, the highestGross Margin % of Forward Industries was 70.56%. The lowest was 16.93%. And the median was 20.05%.
MEX:FORD1's Gross Margin % is ranked better than 95.62% of 1028
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 28.32
vs MEX:FORD1: 70.56
Forward Industries had a gross margin of 62.19% for the quarter that ended in Jun. 2026 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Forward Industries was 7.80% per year.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Forward Industries had a gross margin of 62.19% for the quarter that ended in Jun. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Forward Industries Gross Margin % Related Terms
Forward Industries Gross Margin % Historical Data
* Premium members only.
The historical data trend for Forward Industries's Gross 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.
MEX:FORD1 vs DBI, RCKY, FOSL: Gross Margin % Comparison
For the Footwear & Accessories subindustry, Forward Industries's Gross Margin %, along with its competitors' market caps and Gross 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 Gross Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Forward Industries's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Forward Industries (MEX:FORD1) has a Gross Margin % of 62.19% as of Jun. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Forward Industries and its competitors. This is 210% above median its historical median of 20.05. Over the past decade, Forward Industries' Gross Margin % has ranged from 16.93 to 70.56. According to the industry distribution chart, Forward Industries ranks #45 out of 1028 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 4.4%.
Is Forward Industries' Gross Margin % too high?
Forward Industries' current Gross Margin % of 62.19% is 210% above median its 10-year median of 20.05. Over the past 10 years, this metric has ranged from a low of 16.93 to a high of 70.56. The Manufacturing - Apparel & Accessories industry median Gross Margin % is 28.32. Forward Industries' value of 62.19% is 119.6% above this industry median. Based on the distribution chart, Forward Industries ranks #45 out of 1028 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position 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' Gross Margin % compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #45 out of 1028 companies for Gross Margin %. This places Forward Industries in the top 4% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 28.32. Forward Industries' value of 62.19% is 119.6% above this benchmark. Historically, Forward Industries' own Gross Margin % has ranged from 16.93 to 70.56 over the past decade. While the company's 10-year median is 20.05 vs. the industry median of 28.32, Forward Industries has consistently been above 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 Gross Margin % for a Manufacturing - Apparel & Accessories company?
The median Gross Margin % among Manufacturing - Apparel & Accessories companies is 28.32, based on 1,028 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Industries's current Gross Margin % of 62.19% is 119.6% above 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Forward Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Gross Margin % is 28.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current Gross Margin % is 62.19%, which is 210% above median its own 10-year median of 20.05. 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 Gross Margin % of 62.19%. 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 Gross Margin % is 62.19%, which is 210% above median its 10-year median of 20.05 and 119.6% above the Manufacturing - Apparel & Accessories industry median of 28.32. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Forward Industries (MEX:FORD1), the current Gross Margin % is 62.19% 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:
Gross Margin %: 62.19% (210% above median its 10-year median of 20.05)
GF Value™: MXN2.67 vs. price of MXN63.41 (2274.9% above fair value)
Industry Position: 119.6% above the Manufacturing - Apparel & Accessories median (#45 of 1028)
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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