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As of today (2024-05-02), Forward Air's current share price is $21.02. Forward Air's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $49.50. Forward Air's Cyclically Adjusted PS Ratio for today is 0.42.
The historical rank and industry rank for Forward Air's Cyclically Adjusted PS Ratio or its related term are showing as below:
During the past years, Forward Air's highest Cyclically Adjusted PS Ratio was 3.25. The lowest was 0.42. And the median was 2.29.
FWRD's Cyclically Adjusted PS Ratio is ranked better thanThe Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.
Forward Air's adjusted revenue per share data for the three months ended in Dec. 2023 was $4.977. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $49.50 for the trailing ten years ended in Dec. 2023.
The historical data trend for Forward Air's Cyclically Adjusted PS Ratio 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 Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cyclically Adjusted PS Ratio | Get a 7-Day Free Trial | 2.31 | 2.28 | 2.18 | 1.38 | 1.27 |
For the Integrated Freight & Logistics subindustry, Forward Air's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.
For the Transportation industry and Industrials sector, Forward Air's Cyclically Adjusted PS Ratio distribution charts can be found below:
* The bar in red indicates where Forward Air's Cyclically Adjusted PS Ratio falls into.
Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.
Forward Air's Cyclically Adjusted PS Ratio for today is calculated as
Cyclically Adjusted PS Ratio | = | Share Price | / | Cyclically Adjusted Revenue per Share |
= | 21.02 | / | 49.5 | |
= | 0.42 |
* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:
For example, Forward Air's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:
Adj_RevenuePerShare | = | Revenue per Share | / | CPI of Dec. 2023 (Change) | * | Current CPI (Dec. 2023) |
= | 4.977 | / | 129.4194 | * | 129.4194 | |
= | 4.977 |
Current CPI (Dec. 2023) = 129.4194.
Forward Air Quarterly Data
Revenue per Share | CPI | Adj_RevenuePerShare | |
201403 | 5.479 | 99.695 | 7.113 |
201406 | 6.172 | 100.560 | 7.943 |
201409 | 6.514 | 100.428 | 8.394 |
201412 | 6.999 | 99.070 | 9.143 |
201503 | 6.647 | 99.621 | 8.635 |
201506 | 8.028 | 100.684 | 10.319 |
201509 | 7.971 | 100.392 | 10.276 |
201512 | 8.296 | 99.792 | 10.759 |
201603 | 7.495 | 100.470 | 9.655 |
201606 | 7.888 | 101.688 | 10.039 |
201609 | 8.226 | 101.861 | 10.452 |
201612 | 10.317 | 101.863 | 13.108 |
201703 | 8.704 | 102.862 | 10.951 |
201706 | 9.427 | 103.349 | 11.805 |
201709 | 9.963 | 104.136 | 12.382 |
201712 | 10.966 | 104.011 | 13.645 |
201803 | 10.265 | 105.290 | 12.617 |
201806 | 11.285 | 106.317 | 13.737 |
201809 | 11.389 | 106.507 | 13.839 |
201812 | 6.006 | 105.998 | 7.333 |
201903 | 11.221 | 107.251 | 13.540 |
201906 | 10.675 | 108.070 | 12.784 |
201909 | 11.170 | 108.329 | 13.345 |
201912 | 11.395 | 108.420 | 13.602 |
202003 | 10.933 | 108.902 | 12.993 |
202006 | 10.159 | 108.767 | 12.088 |
202009 | 12.026 | 109.815 | 14.173 |
202012 | 12.776 | 109.897 | 15.046 |
202103 | 13.172 | 111.754 | 15.254 |
202106 | 15.345 | 114.631 | 17.325 |
202109 | 15.459 | 115.734 | 17.287 |
202112 | 6.813 | 117.630 | 7.496 |
202203 | 17.231 | 121.301 | 18.384 |
202206 | 19.090 | 125.017 | 19.762 |
202209 | 18.959 | 125.227 | 19.594 |
202212 | 7.018 | 125.222 | 7.253 |
202303 | 16.128 | 127.348 | 16.390 |
202306 | 15.448 | 128.729 | 15.531 |
202309 | 16.043 | 129.860 | 15.989 |
202312 | 4.977 | 129.419 | 4.977 |
Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.
Thank you for viewing the detailed overview of Forward Air's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Chris C Ruble | officer: Sr. Vice President, Operations | PO BOX 1058, GREENVILLIE TN 37744 |
Kyle R Mitchin | officer: Senior VP, Human Resources | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Nancee L Ronning | officer: Chief Commercial Officer | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Javier Polit | director | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Mayes George S Jr | director | 5995 MAYFAIR ROAD, NORTH CANTON OH 44720 |
Craig Carlock | director | C/O THE FRESH MARKET, INC., 628 GREEN VALLEY ROAD, SUITE 500, GREENSBORO NC 27408 |
George M Lynch | director | 2566 KENT RIDGE COURT, BLOOMFIELD HILLS MI 48025 |
C Robert Campbell | director | 800 DOUGLAS ROAD, 12TH FLOOR, CORAL GABLES FL 33134 |
Michael L Hance | officer: Senior VP, CLO and Secretary | 430 AIRPORT ROAD, GREENEVILLE TN 37745 |
Chitra Nayak | director | 1400 16TH STREET, SAN FRANCISCO CA 94103 |
Thomas Schmitt | officer: President & CEO | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
Ronald W Allen | director | P O BOX 1734, ATLANTA GA 30301 |
Laurie Anne Tucker | director | 65 MARYS CREEK COVE NORTH, EADS TN 38028 |
Scott M Niswonger | director, 10 percent owner, officer: CEO & Chairman | 165 MADISON AVENUE, MEMPHIS TN 38103 |
Rebecca J Garbrick | officer: CAO, VP and Controller | 1915 SNAPPS FERRY ROAD, BUILDING N, GREENEVILLE TN 37745 |
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