Is Forward Industries, Inc. overvalued or undervalued?

As of 27 December 2024, the valuation grade for Forward Industries, Inc. has moved from expensive to risky. The company appears to be overvalued given its significant losses and negative return metrics. Key ratios include a Price to Book Value of 2.03, an EV to EBIT of -2.09, and an EV to EBITDA of -2.34, indicating poor financial health compared to its peers.
In comparison to its peers, Movado Group, Inc. and Superior Group of Cos., Inc. are both very attractive with P/E ratios of 26.84 and 23.59, respectively, highlighting the stark contrast in valuation. Forward Industries has also underperformed against the S&P 500 over the past week, with a return of -8.53% compared to the index's 1.05%, although it has shown impressive returns over the longer term, such as 778.55% over the past year.