Forum Energy Technologies, Inc. (FET) P/E Ratio History
Historical price-to-earnings valuation from 2012 to 2023
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FET Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Forum Energy Technologies, Inc. (FET) trades at a price-to-earnings ratio of -67.2x, with a stock price of $54.42 and trailing twelve-month earnings per share of $-0.54.
The current P/E is 468% below its 5-year average of 18.3x. Over the past five years, FET's P/E has ranged from a low of 10.1x to a high of 29.2x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, FET trades at a 501% discount to its sector peers. The sector includes 173 companies with P/E ratios ranging from 3.2x to 186.1x.
Relative to the broader market, FET trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our FET DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
FET P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 84.1 | -Best | -33% | |
| $7B | 49.5 | -Best | -76% | |
| $2B | 47.6 | -Best | -65% | |
| $105M | 4.6Lowest | -Best | +239%Best | |
| $2B | 1993.6 | -Best | +101% | |
| $5B | 35.6 | -Best | -52% | |
| $33B | 26.1 | -Best | -47% | |
| $80B | 22.6 | -Best | -24% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
FET Historical P/E Data (2012–2023)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $25.43 | $0.87 | 29.2x | +60% |
| FY2018 Q3 | Sun Sep 30 2018 00:00:00 GM | $207.00 | $11.02 | 18.8x | +3% |
| FY2018 Q2 | Sat Jun 30 2018 00:00:00 GM | $247.00 | $8.51 | 29.0x | +59% |
| FY2015 Q3 | Wed Sep 30 2015 00:00:00 GM | $244.20 | $19.40 | 12.6x | -31% |
| FY2015 Q2 | $405.60 | $28.80 | 14.1x | -23% | |
| FY2015 Q1 | $392.00 | $35.00 | 11.2x | -39% | |
| FY2014 Q4 | Wed Dec 31 2014 00:00:00 GM | $414.60 | $36.40 | 11.4x | -38% |
| FY2014 Q3 | $612.20 | $34.10 | 18.0x | -2% | |
| FY2014 Q2 | Mon Jun 30 2014 00:00:00 GM | $728.60 | $30.30 | 24.0x | +32% |
| FY2014 Q1 | Mon Mar 31 2014 00:00:00 GM | $619.60 | $28.50 | 21.7x | +19% |
| FY2013 Q4 | $565.20 | $27.70 | 20.4x | +12% | |
| FY2013 Q3 | Mon Sep 30 2013 00:00:00 GM | $540.20 | $25.40 | 21.3x | +16% |
Average P/E for displayed period: 18.3x
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Start ComparisonFET — Frequently Asked Questions
Quick answers to the most common questions about buying FET stock.
Is FET stock overvalued or undervalued?
FET trades at -67.2x P/E, below its 5-year average of 18.3x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does FET's valuation compare to peers?
Forum Energy Technologies, Inc. P/E of -67.2x compares to sector median of 16.8x. The discount suggests lower growth expectations or higher risk.
What is FET's PEG ratio?
FET PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2012-2023.