Forum Energy Technologies, Inc. (FET) stock analysis

P/E against its history

Not enough price and earnings history to compare.

P/E above the industry

Forum Energy Technologies's P/E of 29.7 is above the Construction, Mining, and Materials Handling median of 29.1.

EV/EBITDA below its 5-year median

Forum Energy Technologies's EV/EBITDA of 15.0 is below its 5-year median of 19.3.

P/B above the industry

Forum Energy Technologies's price-to-book of 2.73 is above the Construction, Mining, and Materials Handling median of 1.38.

Trading above fair value

The share price of $75.77 is above our fair value estimate of $66.17.

Margin of safety under 20%

The price is 14.5% above fair value, so there is no margin of safety.

Revenue growing under 10% a year

Revenue grew 4.2% a year over the last three fiscal years, short of the 10% we look for.

EPS growth over 3 years

Needs positive EPS three years ago and today.

Earnings acceleration

Needs positive net income now, a year ago and five years ago.

Growing faster than the industry

Revenue grew 10.6% over the last twelve months; the Construction, Mining, and Materials Handling median is 10.4%.

Guidance raised

Forum Energy Technologies raised its Full Year 2026 Revenue outlook on Oct 29, 2026.

Gross margin improving

Gross margin was 30.6% over the last twelve months, against 27.9% a year earlier.

Return on equity under 15%

Return on equity was 9.8% over the last twelve months and averaged -13.3% over five years; we look for 15% on both.

Return on capital over 10%

Return on invested capital was 10.1%, above the 10% that usually covers the cost of capital.

Return on equity above the industry

Forum Energy Technologies's return on equity of 9.8% is above the Construction, Mining, and Materials Handling median of 4.5%.

Earnings over 5 years

Needs positive net income five years ago and in the latest year.

Net margin above its 5-year average

Net margin was 3.5% over the last twelve months, against a 5-year average of -7.0%.

Net margin above the industry

Forum Energy Technologies's net margin of 3.5% is above the Construction, Mining, and Materials Handling median of 2.6%.

High debt

Debt is 40.1% of shareholders' equity, above the 40% we consider low.

Debt falling against equity

Debt to equity fell from 72.5% five years ago to 40.1%.

Debt covered by cash flow

Operating cash flow over the last twelve months equals 53.7% of total debt.

Interest coverage

Interest expense is not reported separately.

Short-term assets cover short-term debts

Current assets are 2.04 times current liabilities.

Elevated bankruptcy risk

The Altman Z-score is 1.37; above 3 is the safe zone and below 1.8 the distress zone.

No dividend

Forum Energy Technologies has not paid a dividend in the last twelve months.

Yield against Treasuries

No dividend.

Yield against the market

No dividend.

Dividend stability

No dividend.

Earnings cover

No dividend.

Cash-flow cover

No dividend.