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Forum Energy TechnologiesFET -0.53%47 Current Ratio is 2.19 as of Jun. 2026, which is 23% below its 10-year median of 2.83. GuruFocus rates FET with a GF Score™ of 47/100 and a GF Value™ of $19.77 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,025 Oil & Gas companies, Forum Energy Technologies ranks better than 70.63% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Forum Energy Technologies's current ratio for the quarter that ended in Jun. 2026 was 2.19.
Forum Energy Technologies has a current ratio of 2.19. It generally indicates good short-term financial strength.
The historical rank and industry rank for Forum Energy Technologies's Current Ratio or its related term are showing as below:
FET'
s Current Ratio Range Over the Past 10 Years
Min: 1.93 Med: 2.83 Max: 5.29
Current: 2.19
During the past 13 years, Forum Energy Technologies's highest Current Ratio was 5.29. The lowest was 1.93. And the median was 2.83.
FET's Current Ratio is ranked better than 70.63% of 1025
companies
in the Oil & Gas industry
Industry Median: 1.36
vs FET: 2.19
Forum Energy Technologies (NYSE:FET) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Forum Energy Technologies Current Ratio Related Terms
Forum Energy Technologies Current Ratio Historical Data
* 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.
For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies's Current Ratio, along with its competitors' market caps and Current 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 Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Forum Energy Technologies's Current Ratio distribution charts can be found below:
* The bar in red indicates where Forum Energy Technologies's Current Ratio falls into.
* 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.
Forum Energy Technologies (FET) has a Current Ratio of 2.19 as of Jun. 2026. This is 23% below median its historical median of 2.83. Over the past decade, Forum Energy Technologies' Current Ratio has ranged from 1.93 to 5.29. According to the industry distribution chart, Forum Energy Technologies ranks #301 out of 1025 companies in the Oil & Gas industry, placing it in the top 29.4%.
Is Forum Energy Technologies' Current Ratio too high?
Forum Energy Technologies' current Current Ratio of 2.19 is 23% below median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 1.93 to a high of 5.29. The Oil & Gas industry median Current Ratio is 1.36. Forum Energy Technologies' value of 2.19 is 61% above this industry median. Based on the distribution chart, Forum Energy Technologies ranks #301 out of 1025 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Forum Energy Technologies has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Forum Energy Technologies' Current Ratio compare to EROK and ACDC?
According to the Oil & Gas industry distribution chart, Forum Energy Technologies ranks #301 out of 1025 companies for Current Ratio. This puts Forum Energy Technologies in the upper half of its industry. The industry median Current Ratio is 1.36. Forum Energy Technologies' value of 2.19 is 61% above this benchmark. Historically, Forum Energy Technologies' own Current Ratio has ranged from 1.93 to 5.29 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 1.36, Forum Energy Technologies has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.36, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forum Energy Technologies's current Current Ratio of 2.19 is 61% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Energy Technologies's current Current Ratio is 2.19, which is 23% below median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forum Energy Technologies stock overvalued right now?
Based on GuruFocus' analysis, Forum Energy Technologies (FET) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.77, compared to a current price of $82.42 — trading 316.9% above its estimated fair value. The current Current Ratio is 2.19, which is 23% below median its 10-year median of 2.83 and 61% above the Oil & Gas industry median of 1.36. Forum Energy Technologies' overall GF Score™ is 47/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Forum Energy Technologies (FET), the current Current Ratio is 2.19 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Forum Energy Technologies (FET) Overvalued in 2026?
Based on GuruFocus' analysis, Forum Energy Technologies stock appears to be overvalued.
The current stock price of $82.42 is trading 316.9% above its estimated GF Value™ of $19.77.
GuruFocus considers Forum Energy Technologies to be Significantly Overvalued.
Key valuation signals for FET:
Current Ratio: 2.19 (23% below median its 10-year median of 2.83)
GF Value™: $19.77 vs. price of $82.42 (316.9% above fair value)
Industry Position: 61% above the Oil & Gas median (#301 of 1025)
No single metric tells the full story. See the FET stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Forum Energy Technologies Inc is a manufacturing company serving the oil, natural gas, industrial, and renewable energy industries. Its products include engineered capital equipment, as well as products that are consumed in the drilling, well construction, production, and transportation of oil and natural gas. The company operates in two reportable segments: Drilling and Completions, and Artificial Lift and Downhole. Maximum revenue is generated from the Drilling and Completions segment, which offers products used in the drilling process, and other products like hydraulic fracturing pumps, ROVs and trenchers, submarine rescue vehicles, etc. Geographically, the firm generates maximum revenue from the U.S., followed by Canada, Middle East, Europe and Africa, Asia-Pacific, and Latin America.
47GF Score
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