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Forum Energy Technologies (Forum Energy Technologies) PS Ratio : 0.27 (As of Apr. 25, 2024)


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What is Forum Energy Technologies PS Ratio?

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Forum Energy Technologies's share price is $19.45. Forum Energy Technologies's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $72.09. Hence, Forum Energy Technologies's PS Ratio for today is 0.27.

The historical rank and industry rank for Forum Energy Technologies's PS Ratio or its related term are showing as below:

FET' s PS Ratio Range Over the Past 10 Years
Min: 0.02   Med: 0.8   Max: 3.65
Current: 0.27

During the past 13 years, Forum Energy Technologies's highest PS Ratio was 3.65. The lowest was 0.02. And the median was 0.80.

FET's PS Ratio is ranked better than
83.42% of 947 companies
in the Oil & Gas industry
Industry Median: 1.17 vs FET: 0.27

Forum Energy Technologies's Revenue per Sharefor the three months ended in Dec. 2023 was $18.12. Its Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $72.09.

Warning Sign:

Forum Energy Technologies Inc revenue per share has been in decline for the last 5 years.

During the past 12 months, the average Revenue per Share Growth Rate of Forum Energy Technologies was -38.50% per year. During the past 3 years, the average Revenue per Share Growth Rate was -7.70% per year. During the past 5 years, the average Revenue per Share Growth Rate was -16.00% per year. During the past 10 years, the average Revenue per Share Growth Rate was -13.00% per year.

During the past 13 years, Forum Energy Technologies's highest 3-Year average Revenue per Share Growth Rate was 21.50% per year. The lowest was -26.30% per year. And the median was -8.75% per year.

Back to Basics: PS Ratio


Forum Energy Technologies PS Ratio Historical Data

The historical data trend for Forum Energy Technologies's PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Forum Energy Technologies PS Ratio Chart

Forum Energy Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.13 0.17 0.25 0.31

Forum Energy Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.30 0.29 0.28 0.31

Competitive Comparison of Forum Energy Technologies's PS Ratio

For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies's PS Ratio, along with its competitors' market caps and PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Forum Energy Technologies's PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Forum Energy Technologies's PS Ratio distribution charts can be found below:

* The bar in red indicates where Forum Energy Technologies's PS Ratio falls into.



Forum Energy Technologies PS Ratio Calculation

The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.

Forum Energy Technologies's PS Ratio for today is calculated as

PS Ratio=Share Price/Revenue per Share (TTM)
=19.45/72.088
=0.27

Forum Energy Technologies's Share Price of today is $19.45.
Forum Energy Technologies's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $72.09.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

It can also be calculated from the numbers for the whole company:

PS Ratio=Market Cap/Revenue

The Revenue here is for the trailing 12 months.


Forum Energy Technologies  (NYSE:FET) PS Ratio Explanation

The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.

When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.

Similar to the PE Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PS Ratio measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.


Forum Energy Technologies PS Ratio Related Terms

Thank you for viewing the detailed overview of Forum Energy Technologies's PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Forum Energy Technologies (Forum Energy Technologies) Business Description

Traded in Other Exchanges
Address
10344 Sam Houston Park Drive, Suite 300, Houston, TX, USA, 77064
Forum Energy Technologies Inc is a global products company, serving the oil, natural gas, industrial and renewable energy industries. The company designs, manufactures, and distributes products and engages in aftermarket parts supply and services that complement its product offering. Its products include highly engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. It operates in three reporting segments, namely drilling and downhole, completions, and production. Revenue largely comes from consumable products and activity-based equipment. Consumable products include valves, centrifugal pumps, mud pump fluid end components, rig sensors, inserts, and dies.
Executives
C Christopher Gaut director, officer: President, CEO & COB 1401 MCKINNEY STREET, SUITE 2400, HOUSTON TX 77010
John C Ivascu officer: SVP and General Counsel 920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
Neal Lux officer: SVP Operations 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Katherine Campbell Keller officer: VP PAO 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Scf Partners, Inc. 10 percent owner, other: Member of Group 600 TRAVIS STE 6600, HOUSTON TX 77002
Rowsey Paul E Iii director CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102
Emily Reichert director 10344 SAM HOUSTON PARK DRIVE, SUITE 300, HOUSTON TX 77064
Evelyn M Angelle director 10200 BELLAIRE BLVD., 2NE-12A, HOUSTON TX 77072
David C Baldwin director 11700 OLD KATY ROAD, SUITE 300, HOUSTON TX 77079
Andrew L Waite director
Michael Dewayne Danford officer: VP - Human Resources 3300 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032
John Mcelroy officer: Principal Accounting Officer 10344 SAM HOUSTON PARK DRIVE, HOUSTON TX 77064
Scf Gp Llc 10 percent owner 600 TRAVIS STREET, SUITE 6600, HOUSTON TX 77002
Prady Iyyanki officer: EVP & Chief Operating Officer 920 MEMORIAL CITY WAY, SUITE 1000, HOUSTON TX 77024
James Whelan Harris officer: SVP & CFO 920 MEMORIAL CITY WAY, STE. 800, HOUSTON TX 77024