Forward Industries (MEX:FORD1) Moat Score: 2/10 (As of Aug. 18, 2026)

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MEX:FORD1 Forward Industries Inc MEX:FORD1
37 GF Score
Price MXN63.41
GF Value MXN2.67
! 5 Warning Signs
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What is Forward Industries Moat Score?

Forward Industries MEX:FORD1 37 Moat Score is 2 as of Aug. 18, 2026. 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 1,137 Manufacturing - Apparel & Accessories companies, Forward Industries ranks better than 94.02% on this metric.

Forward Industries has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Forward Industries has No Moat: Forward Industries lacks significant competitive advantages. It does not exhibit strong brand strength, network effects, or durable cost advantages, resulting in a very weak moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Forward Industries might have No Moat - Very weak/transient advantages.

Forward Industries  (MEX:FORD1) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Forward Industries Moat Score Related Terms

MEX:FORD1 vs DBI, RCKY, FOSL: Moat Score Comparison

For the Footwear & Accessories subindustry, Forward Industries's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's Moat Score distribution charts can be found below:

* The bar in red indicates where Forward Industries's Moat Score falls into.


MEX:FORD1
37GF Score
Forward Industries Inc MEX:FORD1
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
Forward Industries (MEX:FORD1) has a Moat Score of 2 as of Aug. 18, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Forward Industries ranks #68 out of 1137 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 6%.
Is Forward Industries' Moat Score too high?
Forward Industries' current Moat Score is 2. Based on the distribution chart, Forward Industries ranks #68 out of 1137 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' Moat Score compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #68 out of 1137 companies for Moat Score. This places Forward Industries in the top 6% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Manufacturing - Apparel & Accessories company?
A good Moat Score depends on the Manufacturing - Apparel & Accessories industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Forward Industries's current Moat Score is 2. 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 Moat Score of 2. 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 Moat Score is 2. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Forward Industries (MEX:FORD1), the current Moat Score is 2 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:

  • Moat Score: 2
  • GF Value™: MXN2.67 vs. price of MXN63.41 (2274.9% above fair value)
  • GF Score™: 37/100 with 5 warning signs

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 Business Description

Other Exchanges FWDI:USA23I0:Germany
Address 700 Veterans Memorial Highway, Suite 100, Hauppauge, New York, NY, USA, 11788
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

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN63.41
Price
MXN2.67
GF Value