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Forum Energy TechnologiesFET -0.53%47 Debt-to-Equity is 0.50 as of Jun. 2026, which is 33% below its 10-year median of 0.75. 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 809 Oil & Gas companies, Forum Energy Technologies ranks worse than 65.88% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Forum Energy Technologies's Debt-to-Equity or its related term are showing as below:
FET'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.32 Med: 0.75 Max: 1.11
Current: 0.79
During the past 13 years, the highest Debt-to-Equity Ratio of Forum Energy Technologies was 1.11. The lowest was 0.32. And the median was 0.75.
FET's Debt-to-Equity is ranked worse than 65.88% of 809
companies
in the Oil & Gas industry
Industry Median: 0.45
vs FET: 0.79
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Forum Energy Technologies Debt-to-Equity Related Terms
Forum Energy Technologies Debt-to-Equity 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 Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Forum Energy Technologies's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Forum Energy Technologies's Debt-to-Equity 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 Debt-to-Equity of 0.50 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forum Energy Technologies and its competitors. This is 33% below median its historical median of 0.75. Over the past decade, Forum Energy Technologies' Debt-to-Equity has ranged from 0.32 to 1.11. According to the industry distribution chart, Forum Energy Technologies ranks #533 out of 809 companies in the Oil & Gas industry, placing it in the top 65.9%.
Is Forum Energy Technologies' Debt-to-Equity too high?
Forum Energy Technologies' current Debt-to-Equity of 0.50 is 33% below median its 10-year median of 0.75. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.11. The Oil & Gas industry median Debt-to-Equity is 0.45. Forum Energy Technologies' value of 0.50 is 11.1% above this industry median. Based on the distribution chart, Forum Energy Technologies ranks #533 out of 809 companies in the Oil & Gas industry, which is below 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' Debt-to-Equity compare to EROK and ACDC?
According to the Oil & Gas industry distribution chart, Forum Energy Technologies ranks #533 out of 809 companies for Debt-to-Equity. This places Forum Energy Technologies in the lower half of its industry. The industry median Debt-to-Equity is 0.45. Forum Energy Technologies' value of 0.50 is 11.1% above this benchmark. Historically, Forum Energy Technologies' own Debt-to-Equity has ranged from 0.32 to 1.11 over the past decade. While the company's 10-year median is 0.75 vs. the industry median of 0.45, 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 Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.45, based on 809 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forum Energy Technologies's current Debt-to-Equity of 0.50 is 11.1% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Forum Energy Technologies and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Energy Technologies's current Debt-to-Equity is 0.50, which is 33% below median its own 10-year median of 0.75. 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 Debt-to-Equity is 0.50, which is 33% below median its 10-year median of 0.75 and 11.1% above the Oil & Gas industry median of 0.45. 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 Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Forum Energy Technologies (FET), the current Debt-to-Equity is 0.50 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:
Debt-to-Equity: 0.50 (33% below median its 10-year median of 0.75)
GF Value™: $19.77 vs. price of $82.42 (316.9% above fair value)
Industry Position: 11.1% above the Oil & Gas median (#533 of 809)
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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