FWRD (Forward Air) ROCE %: 0.91% (As of Mar. 2026)

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FWRD Forward Air Corp FWRD
56 GF Score
Price $15.11
GF Value $32.72
Valuation Possible Value Trap
! 7 Warning Signs
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What is Forward Air ROCE %?

Forward Air FWRD +3.00% 56 ROCE % is 0.91% as of Mar. 2026. GuruFocus rates FWRD with a GF Score™ of 56/100 and a GF Value™ of $32.72 (Possible Value Trap). The stock has 7 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Forward Air's annualized ROCE % for the quarter that ended in Mar. 2026 was 0.91%.

Forward Air  (NAS:FWRD) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Forward Air ROCE % Related Terms

Forward Air ROCE % Historical Data

* Premium members only.

The historical data trend for Forward Air's ROCE % 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.

Forward Air ROCE % Chart

Forward Air Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.08 24.86 4.67 -41.10 1.42

Forward Air Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.66 1.39 3.64 0.00 0.91
FWRD
56GF Score
Forward Air Corp FWRD
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Forward Air ROCE % Calculation

Forward Air's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=33.55/( ( (2802.641 - 384.046) + (2718.944 - 428.325) )/ 2 )
=33.55/( (2418.595+2290.619)/ 2 )
=33.55/2354.607
=1.42 %

Forward Air's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=20.728/( ( (2718.944 - 428.325) + (2695.879 - 441.897) )/ 2 )
=20.728/( ( 2290.619 + 2253.982 )/ 2 )
=20.728/2272.3005
=0.91 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 0.91% mean?
Forward Air (FWRD) has a ROCE % of 0.91% as of Mar. 2026.
Is Forward Air's ROCE % too high?
Forward Air's current ROCE % is 0.91%. The Transportation industry median ROCE % is 7.76. Forward Air's value of 0.91% is 88.3% below this industry median. Overall, Forward Air has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Forward Air's ROCE % compare to RLGT and CYRX?
Forward Air's ROCE % of 0.91% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.76. Forward Air's value of 0.91% is 88.3% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.76, based on 990 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forward Air's current ROCE % of 0.91% is 88.3% below 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Air's current ROCE % is 0.91%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forward Air stock overvalued right now?
Based on GuruFocus' analysis, Forward Air (FWRD) is currently considered Possible Value Trap. The stock's GF Value™ is $32.72, compared to a current price of $15.11 — trading 53.8% below its estimated fair value. The current ROCE % is 0.91% and 88.3% below the Transportation industry median of 7.76. Forward Air's overall GF Score™ is 56/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Forward Air (FWRD), the current ROCE % is 0.91% as of Mar. 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 Air (FWRD) Overvalued in 2026?

Based on GuruFocus' analysis, Forward Air stock appears to be undervalued. The current stock price of $15.11 is trading 53.8% below its estimated GF Value™ of $32.72. GuruFocus considers Forward Air to be Possible Value Trap.

Key valuation signals for FWRD:

  • ROCE %: 0.91%
  • GF Value™: $32.72 vs. price of $15.11 (53.8% below fair value)
  • GF Score™: 56/100 with 7 warning signs
  • Industry Position: 88.3% below the Transportation median

No single metric tells the full story. See the FWRD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Forward Air Business Description

Address 3200 Olympus Boulevard, Suite 300, Dallas, TX, USA, 75019
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight, Omni Logistics, and Intermodal and Corporate. The company generates maximum revenue from the Omni Logistics segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in North and South America, Europe, and Asia.
56GF Score

Get the complete analysis for FWRD

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

$15.11
Price
$32.72
GF Value