What is FWRD's health score?

FORWARD AIR CORP (FWRD) has a TradeApes health score of 61 out of 100, rated Healthy. This composite score evaluates financial strength, operating trends, valuation, capital allocation, and risk factors.

What is FWRD's estimated fair value?

Based on our 5-year discounted cash flow model, FORWARD AIR CORP's estimated fair value is $12.04 per share, representing a 13.8% upside from the current price. This is a model estimate, not a price target or investment recommendation.

Is FWRD undervalued or overvalued?

Our model currently rates FWRD as Fair Value. This assessment combines health metrics, valuation multiples, and market sentiment. Individual investors should conduct their own due diligence.

Crunching the numbers for FWRD... Refresh in a moment for the full analysis.

FORWARD AIR CORP (FWRD)

Industrials Fair Value low healthy

$10.58

Updated: 2026-05-30

TradeApes Score

Financial Strength

35 Weak

Operating Trend

60 Healthy

Relative Value

85 Strong

Capital Allocation

50 Mixed

Risk

80 Strong

Est. Fair Value $12.04

DCF Upside +13.8%

Sector Rank #2859 of 3772

Key Findings

+ Historically cheap — EV/EBITDA in bottom 25% of its 5-year range

Unlock Full Report →

− Very high leverage — net debt/EBITDA above 5×

Unlock Full Report →

4 free score cards remaining

TradeApes provides financial data, analytics, and research tools. TradeApes is not a registered investment adviser, broker-dealer, or tax advisor. The information presented is for educational and informational purposes only and does not constitute investment, financial, or tax advice.

11 sector-leading stocks delivered to your inbox every Sunday. Free.

No spam. Unsubscribe anytime.