Forward Industries (FRA:23I0) Quality Rank

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
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.

FRA:23I0 Forward Industries Inc FRA:23I0
33 GF Score
Price €3.56
GF Value €0.16
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Forward Industries Quality Rank?

The Quality Rank measures the business quality of a company relative to other companies. It is ranked based on the strength of the balance sheet, as well as the profitability and growth of the business. The ranked companies are split in equal numbers and then ranked from 1 to 10, with 10 being the highest.

The rank of balance sheet (30%)

The rank of balance sheet is done through the ranking of:
  • Interest coverage
  • Zscore
  • Debt to revenue
  • Equity to asset
  • Cash to debt

The rank of Profitability (70%)

The ranking of Profitability is done by ranking:
  • Operating margin mean rank (10-year mean average profit margine)
  • Operating margin growth rank
  • Fscore
  • Predictability rank
  • Revenue growth rank (5 year), when the growth is higher than 25%, set it as 25%
  • Num of year profit (number of years that is profitable within the last 10 years)
  • ROIC median (10-year median of ROIC)

Forward Industries Quality Rank Related Terms

FRA:23I0
33GF Score
Forward Industries Inc FRA:23I0
Quality Rank is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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:

  • Quality Rank:
  • GF Value™: €0.16 vs. price of €3.56 (2121.9% above fair value)
  • GF Score™: 33/100 with 5 warning signs

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 Business Description

Other Exchanges FWDI:USAFORD1:Mexico
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.
33GF Score

Get the complete analysis for FRA:23I0

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

€3.56
Price
€0.16
GF Value