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Forward Air Corporation (FWRD) Fair Value & Analysis

Industrials · US · Market cap $431M

Price$13.08
Fair Value$16.13
Upside+23.3%
Quality93/100
Evidence: Medium Range $12.10 – $20.16

Fair value as of: Jun 24, 2026

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Analysis

Forward Air Corporation (FWRD) currently trades at $13.08, while our model-based Fair Value estimate is $16.13 — implying the stock looks roughly 23.3% undervalued today. We read business quality at 93/100 (high quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.

About the company

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides in…

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Frequently asked questions

Is Forward Air Corporation (FWRD) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $16.13 versus a price of $13.08 — about +23% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FWRD?
Our 21-model fair value for Forward Air Corporation is $16.13 (as of Jun 24, 2026), built from audited fundamentals. The current price is $13.08.
What is the quality score of FWRD?
Forward Air Corporation has a Quality Score of 93/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.