Forward Industries (MEX:FWDI) Growth Rank: 5 (As of Sep. 09, 2026) — 67% Above Median

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:FWDI Forward Industries Inc MEX:FWDI
37 GF Score
Price MXN63.41
GF Value MXN1.66
! 6 Warning Signs
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What is Forward Industries Growth Rank?

Forward Industries MEX:FWDI 37 Growth Rank is 5 as of Sep. 09, 2026, which is 67% above its 10-year median of 3.00. GuruFocus rates MEX:FWDI with a GF Score™ of 37/100 and a GF Value™ of MXN1.66. The stock has 6 warning signs investors should review.

Forward Industries has the Growth Rank of 5.

GuruFocus Growth Rank measures the growth of a company in terms of its revenue and profitability, rated on a scale from 1 to 10. Historically, the companies with the highest growth ranks performed the best over the long term. It is calculated using the following criteria:

1. 5-year revenue growth rate, the higher, the better.
2. 3-year revenue growth rate, the higher, the better.
3. 5-year EBITDA growth rate, the higher, the better.
4. The predictability of 5-year revenue. The most consistent it is, the higher the rank.

A higher score reflects a greater ability to drive business growth, with companies considered to have strong and sustainable expansion potential. Conversely, a lower score indicates challenges in achieving consistent growth and scalability.

GuruFocus found that the Growth Rank is the second of the two most-sensitive parameters among the five parameters checked. Please click GF Score to see more details on GF Score's 5 Key Aspects of Analysis.

Please note that we are using the five-year EBITDA growth rate as a parameter, so the company needs to have had positive growth over that time. The reason we use EBITDA instead of earnings per share is that with EBITDA, we can rank a lot more companies since a company may have positive EBITDA but negative EPS. Since we are looking at the growth here, EBITDA gives us a pretty clear picture about the growth in the company's business operations.

Forward Industries Growth Rank Related Terms

MEX:FWDI vs WEYS, RCKY, FOSL: Growth Rank Comparison

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

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

* The bar in red indicates where Forward Industries's Growth Rank falls into.


MEX:FWDI
37GF Score
Forward Industries Inc MEX:FWDI
Growth Rank is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Growth Rank →
What does a Growth Rank of 5 mean?
Forward Industries (MEX:FWDI) has a Growth Rank of 5 as of Sep. 09, 2026. Growth Rank measures the growth of a company in terms of its revenue and profitability. View historical data on Forward Industries and its competitors. This is 67% above median its historical median of 3.00. Over the past decade, Forward Industries' Growth Rank has ranged from 1.00 to 5.00.
Is Forward Industries' Growth Rank too high?
Forward Industries' current Growth Rank of 5 is 67% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 5.00. Overall, Forward Industries has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Forward Industries' Growth Rank compare to WEYS and RCKY?
Forward Industries' Growth Rank of 5 can be compared against companies in the Manufacturing - Apparel & Accessories industry. Historically, Forward Industries' own Growth Rank has ranged from 1.00 to 5.00 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Growth Rank for a Manufacturing - Apparel & Accessories company?
A good Growth Rank depends on the Manufacturing - Apparel & Accessories industry context. However, Growth Rank 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 Growth Rank mean?
A high Growth Rank can signal that a stock is expensive relative to its fundamentals. Growth Rank measures the growth of a company in terms of its revenue and profitability. View historical data on Forward Industries and its competitors. Forward Industries's current Growth Rank is 5, which is 67% above median its own 10-year median of 3.00. 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:FWDI) has a current Growth Rank of 5. The stock's GF Value™ is MXN1.66, compared to a current price of MXN63.41 — trading 3719.9% above its estimated fair value. The current Growth Rank is 5, which is 67% above median its 10-year median of 3.00. Forward Industries' overall GF Score™ is 37/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Growth Rank calculated?
Growth Rank is calculated from a company's financial statements. For Forward Industries (MEX:FWDI), the current Growth Rank is 5 as of Sep. 09, 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:FWDI) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Industries stock appears to be overvalued. The current stock price of MXN63.41 is trading 3719.9% above its estimated GF Value™ of MXN1.66.

Key valuation signals for MEX:FWDI:

  • Growth Rank: 5 (67% above median its 10-year median of 3.00)
  • GF Value™: MXN1.66 vs. price of MXN63.41 (3719.9% above fair value)
  • GF Score™: 37/100 with 6 warning signs

No single metric tells the full story. See the MEX:FWDI 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:FWDI

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

MXN63.41
Price
MXN1.66
GF Value