Forum Energy Technologies Inc (FET) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Forum Energy Technologies Inc stock $34.82, price $69.69, that is 50.0% below the price, quality 54 out of 100. Rating: strongly overvalued. Calculated from audited financials with 14 of our 26 valuation models and 37 quality factors, updated daily.
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Forum Energy Technologies Inc
FET · USOur calculation puts a fair price 50% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $13.57 – $90.91 · fair‑value band $25.58 – $46.97 · the $69.69 price screens above the $34.82 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, defense, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and Downhole.
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The Drilling and Completions segment designs, manufactures, and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation, and intervention markets, including applications in oil and natural gas, renewable energy, defense, and communications industries.
This segment also offers drilling capital equipment and consumable products; subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services; hydraulic fracturing pumps, cooling systems, and high-pressure flexible hoses and flow iron; wireline cable and pressure control equipment; and coiled tubing strings and pressure control equipment, as well as coiled line pipe and related services.
The Artificial Lift and Downhole Segment designs, manufactures, and supplies products and solutions for the artificial lift, well construction, production, and infrastructure markets.
This segment also offers products designed to safeguard artificial lift equipment and downhole cables; well construction casing and cementing equipment; customized downhole technology solutions, which provides sand and flow control products for heavy oil applications; engineered process systems, production equipment, and separation equipment; and a range of industrial valves.
It sells its products through distributors to drilling rig contractors, offshore service companies, governmental organizations, and oil and gas operators and producers.
The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.
Stock analysis
Forum Energy Technologies Inc (FET) currently trades at $69.69, while our model-based Fair Value estimate is $34.82, 50% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of $50.16 per share, and 0 of the 12 models we run sit above the $69.69 price.
Bear case: the Multiples group reads lowest at $5.53, and 12 of the 12 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $25.58 (bear) to $46.97 (bull), the price of $69.69 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 54/100 (solid quality), in the Energy sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Forum Energy Technologies Inc reported revenue of $791M in FY2025 versus $541M in FY2021, a compound +10.0%/yr. Reported net income was −$9.7M in FY2025.
Key figures
Market cap $800M Small · P/E ratio 27.4 · P/S ratio 0.92 · EPS (TTM) $2.54 · Net margin 3.5% · Return on equity 9.8% · Return on assets (EBIT) −1.9% (5-year average) · Operating margin 8.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 143% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at −50%, FET screens richer than that median.
Fair Value models
All 14 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 3 officers or directors sold shares worth $3.2M and none bought.
- SaleJohn C IvascuEVP, General Counsel & CCO4× since Mar 2, 2026: 19,392 shares, avg. $75.99$1.5MOct 27, 2026
- SaleDavid Lyle Williams Jr.EVP, CFO20,068 shares at $78.13$1.6MAug 20, 2026
- SaleMichael Dewayne DanfordSVP & CHO3× since May 13, 2026: 5,700 shares, avg. $68.04$387,819Aug 14, 2026
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
FET screens overvalued: fair value 50% below the price. Compare with SLB N.V →
Earlier news
- Forum Energy Technologies Announces Timing of Third Quarter 2026 Earnings Conference Call
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Compare Forum Energy Technologies Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Equipment & Services · 166 stocks
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- P/S ratio by industry
- EBIT margin by industry
- Piotroski F-Score screener with fair value
- Undervalued stocks: Energy
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Gaztransport & Technigaz SA GTT | €181.30 | €199.62 | +10% | vs FET |
| Yantai Jereh Oilfield Services Group 002353 | ¥79.44 | ¥87.38 | +10% | vs FET |
| China Oilfield Services Limited 601808 | ¥12.75 | ¥13.04 | +2% | vs FET |
| Subsea 7 S.A SUBC | kr 304.80 | kr 257.37 | −16% | vs FET |
| Halliburton Company HAL | $31.84 | $21.72 | −32% | vs FET |
| Baker Hughes Company BKR | $47.87 | $32.37 | −32% | vs FET |
| Tenaris S.A TEN | €26.64 | €17.62 | −34% | vs FET |
| Saipem SpA SPM | €4.24 | €2.72 | −36% | vs FET |
| SLB N.V SLB | $49.92 | $29.03 | −42% | vs FET |
| TechnipFMC plc FTI | $63.52 | $28.12 | −56% | vs FET |
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Frequently asked questions
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Key figures of Forum Energy Technologies Inc
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