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5-Year Return on Invested Incremental Capital (5-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 5-year.
Forward Industries's 5-Year ROIIC % for the quarter that ended in Sep. 2025 was -0.38%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Forward Industries's 5-Year ROIIC % or its related term are showing as below:
MEX:FORD1's 5-Year ROIIC % is ranked worse than 60.96% of 958
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 3.05
vs MEX:FORD1: -0.38
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Forward Industries 5-Year ROIIC % Related Terms
Forward Industries 5-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Forward Industries's 5-Year ROIIC % 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: 5-Year ROIIC % Comparison
For the Footwear & Accessories subindustry, Forward Industries's 5-Year ROIIC %, along with its competitors' market caps and 5-Year ROIIC % 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 5-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Forward Industries's 5-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Forward Industries's 5-Year ROIIC % falls into.
Forward Industries's 5-Year ROIIC % for the quarter that ended in Sep. 2025 is calculated as:
5-Year ROIIC %
=
5-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
5-Year Incremental Invested Capital**
=
( -116.779 (Sep. 2025) - -21.362 (Sep. 2020) )
/
( 26321.762 (Sep. 2025) - 268.14 (Sep. 2020) )
=
-95.417
/
26053.622
=
-0.37%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 5-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Forward Industries (MEX:FORD1) has a 5-Year ROIIC % of -0.38 as of Sep. 2025. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Forward Industries and its competitors. According to the industry distribution chart, Forward Industries ranks #584 out of 958 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 61%.
Is Forward Industries' 5-Year ROIIC % too high?
Forward Industries' current 5-Year ROIIC % is -0.38. Based on the distribution chart, Forward Industries ranks #584 out of 958 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Forward Industries has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Forward Industries' 5-Year ROIIC % compare to DBI and RCKY?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Forward Industries ranks #584 out of 958 companies for 5-Year ROIIC %. This places Forward Industries in the lower half of its industry. The industry median 5-Year ROIIC % is 3.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year ROIIC % for a Manufacturing - Apparel & Accessories company?
The median 5-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 3.05, based on 958 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year ROIIC % 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 5-Year ROIIC % mean?
A high 5-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 5-Year ROIIC % measures the change in earnings as a percentage of change in investment over 5-year. View historical data on Forward Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 5-Year ROIIC % is 3.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forward Industries's current 5-Year ROIIC % is -0.38. 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 5-Year ROIIC % of -0.38. 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 5-Year ROIIC % is -0.38. 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 5-Year ROIIC % calculated?
5-Year ROIIC % is calculated from a company's financial statements. For Forward Industries (MEX:FORD1), the current 5-Year ROIIC % is -0.38 as of Sep. 2025. 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:
5-Year ROIIC %: -0.38
GF Value™: MXN2.67 vs. price of MXN63.41 (2274.9% above fair value)
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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