Quantifying the influence of individual training samples is essential for enhancing the transparency and accountability of large language models (LLMs) and vision-language models (VLMs). However, existing data valuation methods often rely on Hessian information or model retraining, making them computationally prohibitive for billion-parameter models. In this work, we introduce For-Value, a forward-only data valuation framework that enables scalable and efficient influence estimation for both LLMs and VLMs. By leveraging the rich representations of modern foundation models, For-Value computes influence scores using a simple closed-form expression based solely on a single forward pass, thereby eliminating the need for costly gradient computations. Our theoretical analysis demonstrates that For-Value accurately estimates per-sample influence by capturing alignment in hidden representations and prediction errors between training and validation samples. Extensive experiments show that For-Value matches or outperforms gradient-based baselines in identifying impactful fine-tuning examples and effectively detecting mislabeled data.