Forum Energy Technologies, Inc. (FET) P/E Ratio History
ExpensiveTrading at 27.8x vs 5Y avg 19.0x · 83th percentile · Material premium to history · Data 2012–2026
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P/E Ratio Analysis
As of November 8, 2026, Forum Energy Technologies, Inc. (FET) trades at a price-to-earnings ratio of 27.8x, with a stock price of $69.69 and trailing twelve-month earnings per share of $2.50.
The current P/E is 46% above its 5-year average of 19.0x. Over the past five years, FET's P/E has ranged from a low of 10.1x to a high of 31.9x, placing the current valuation at the 83th percentile of its historical range.
Compared to the Energy sector median P/E of 12.6x, FET trades at a 121% premium to its sector peers. The sector includes 159 companies with P/E ratios ranging from 0.1x to 148.1x.
Relative to the broader market, FET commands a significant premium over the S&P 500 median P/E of 21.8x. 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 Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
FET P/E vs Peers
Oilfield Equipment Makers peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 63.5 | -Best | -33% | |
| $6B | 43.9 | -Best | -76% | |
| $784M | 491.5 | -Best | +101%Best | |
| $2B | 48.4 | -Best | -52% | |
| $27B | 13.2Lowest | -Best | -47% | |
| $75B | 24.3 | -Best | -24% | |
| $48B | 16.5 | -Best | -13% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
FET Historical P/E Data (2012–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q3 | Sep 30 2026 | $80.95 | $2.54 | 31.9x | +68% |
| FY2023 Q1 | Mar 31 2023 | $25.43 | $0.87 | 29.2x | +54% |
| FY2018 Q3 | Sep 30 2018 | $207.00 | $11.02 | 18.8x | -1% |
| FY2018 Q2 | Jun 30 2018 | $247.00 | $8.51 | 29.0x | +53% |
| FY2015 Q3 | Sep 30 2015 | $244.20 | $19.40 | 12.6x | -34% |
| FY2015 Q2 | - | $405.60 | $28.80 | 14.1x | -26% |
| FY2015 Q1 | - | $392.00 | $35.00 | 11.2x | -41% |
| FY2014 Q4 | Dec 31 2014 | $414.60 | $36.40 | 11.4x | -40% |
| FY2014 Q3 | - | $612.20 | $34.10 | 18.0x | -6% |
| FY2014 Q2 | Jun 30 2014 | $728.60 | $30.30 | 24.0x | +26% |
| FY2014 Q1 | Mar 31 2014 | $619.60 | $28.50 | 21.7x | +14% |
| FY2013 Q4 | - | $565.20 | $27.70 | 20.4x | +7% |
| FY2013 Q3 | Sep 30 2013 | $540.20 | $25.40 | 21.3x | +12% |
| FY2013 Q2 | Jun 30 2013 | $608.60 | $27.20 | 22.4x | +18% |
| FY2013 Q1 | Mar 31 2013 | $575.20 | $30.60 | 18.8x | -1% |
| FY2012 Q4 | Dec 31 2012 | $495.00 | $33.85 | 14.6x | -23% |
| FY2012 Q3 | Sep 30 2012 | $486.40 | $38.03 | 12.8x | -33% |
| FY2012 Q2 | Jun 30 2012 | $393.80 | $38.83 | 10.1x | -47% |
Average P/E for displayed period: 19.0x
FET Chart Terminal
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Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
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Peer Comparison
Compare growth, multiples, and margins vs sector.
FET — Frequently Asked Questions
Quick answers to the most common questions about buying FET stock.
What is FET's P/E ratio?
Forum Energy Technologies, Inc. (FET) trailing twelve-month P/E ratio is 27.8x, based on TTM diluted EPS of $2.50. The 5-year average P/E is 19.0x and the historical range spans 10.1x to 31.9x.
Is FET stock overvalued or undervalued?
FET trades at 27.8x P/E, above its 5-year average of 19.0x. The 83th percentile ranking within the 10.1x–31.9x historical range indicates a premium to historical valuation.
Is FET stock expensive?
Yes, FET is expensive relative to its own history. The current P/E of 27.8x is above the 5-year average of 19.0x and also above the Energy sector median of 12.6x. The stock sits at the 83th percentile of its 5-year valuation range.
What is FET's historical P/E range?
Over the past 5 years, FET's P/E ratio has ranged from 10.1x to 31.9x, with a median of 18.8x and an average of 19.0x. The current P/E of 27.8x places the stock at the 83th percentile of this range. Full historical data spans 2012–2026.
How does FET's P/E compare to the S&P 500?
FET trades at 27.8x P/E versus the S&P 500 median of 21.8x. The 28% premium to the market typically reflects higher expected earnings growth or quality.
How does FET's valuation compare to Energy peers?
Forum Energy Technologies, Inc. P/E of 27.8x compares to the Energy sector median of 12.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is FET's PEG ratio?
FET PEG ratio is N/A, based on a P/E of 27.8x and EPS growth of 92.6%. PEG normalises P/E by growth and helps compare stocks with different earnings trajectories.
What is FET's earnings yield?
FET earnings yield is 3.59%, the inverse of its 27.8x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.