As of 2026-03-13, the Intrinsic Value of Forward Air Corp (FWRD) is 119.18 USD. This FWRD valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 16.57 USD, the upside of Forward Air Corp is 619.40%.
The range of the Intrinsic Value is 70.43 - 243.38 USD
Based on its market price of 16.57 USD and our intrinsic valuation, Forward Air Corp (FWRD) is undervalued by 619.40%.
| Range | Selected | Upside | |
| a | |||
| DCF (Growth 5y) | 70.43 - 243.38 | 119.18 | 619.4% |
| DCF (Growth 10y) | 159.11 - 438.59 | 238.09 | 1337.3% |
| DCF (EBITDA 5y) | 7.54 - 17.94 | 13.07 | -21.1% |
| DCF (EBITDA 10y) | 59.88 - 79.02 | 69.78 | 321.2% |
| Fair Value | -17.25 - -17.25 | -17.25 | -204.12% |
| P/E | (64.64) - (63.40) | (62.87) | -479.5% |
| EV/EBITDA | (32.72) - (4.15) | (17.22) | -203.9% |
| EPV | 160.85 - 194.34 | 177.59 | 972.1% |
| DDM - Stable | (26.95) - (87.34) | (57.15) | -445.0% |
| DDM - Multi | (8.44) - (22.09) | (12.30) | -174.3% |
| Market Cap (mil) | 517.66 |
| Beta | 2.41 |
| Outstanding shares (mil) | 31.25 |
| Enterprise Value (mil) | 2,137.29 |
| Market risk premium | 4.60% |
| Cost of Equity | 8.26% |
| Cost of Debt | 5.00% |
| WACC | 5.15% |