Forum Energy TechnologiesFET -1.26%47 EV-to-FCF is 12.85 as of Jul. 09, 2026, which is 100% above its 10-year median of 6.44. GuruFocus rates FET with a GF Score™ of 47/100 and a GF Value™ of $19.12 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 576 Oil & Gas companies, Forum Energy Technologies ranks better than 58.68% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Forum Energy Technologies's Enterprise Value is $752.0 Mil.
Forum Energy Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $58.5 Mil. Therefore, Forum Energy Technologies's EV-to-FCF for today is 12.85.
The historical rank and industry rank for Forum Energy Technologies's EV-to-FCF or its related term are showing as below:
FET'
s EV-to-FCF Range Over the Past 10 Years
Min: -504.34 Med: 6.44 Max: 1576.97
Current: 12.85
During the past 13 years, the highest EV-to-FCF of Forum Energy Technologies was 1576.97. The lowest was -504.34. And the median was 6.44.
FET's EV-to-FCF is ranked better than 58.68% of 576
companies
in the Oil & Gas industry
Industry Median: 15.47
vs FET: 12.85
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Forum Energy Technologies (NYSE:FET) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Forum Energy Technologies's PE Ratio (TTM) for today is calculated as:
Forum Energy Technologies's share price for today is $48.59.
Forum Energy Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.590.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Forum Energy Technologies EV-to-FCF Related Terms
Forum Energy Technologies EV-to-FCF 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 EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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 EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Forum Energy Technologies's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Forum Energy Technologies's EV-to-FCF falls into.
Forum Energy Technologies's current Enterprise Value is $752.0 Mil.
Forum Energy Technologies's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $58.5 Mil.
* 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 EV-to-FCF of 12.85 as of Jul. 09, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Forum Energy Technologies and its competitors. This is 100% above median its historical median of 6.44. According to the industry distribution chart, Forum Energy Technologies ranks #238 out of 576 companies in the Oil & Gas industry, placing it in the top 41.3%.
Is Forum Energy Technologies' EV-to-FCF too high?
Forum Energy Technologies' current EV-to-FCF of 12.85 is 100% above median its 10-year median of 6.44. The Oil & Gas industry median EV-to-FCF is 15.47. Forum Energy Technologies' value of 12.85 is 16.9% below this industry median. Based on the distribution chart, Forum Energy Technologies ranks #238 out of 576 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' EV-to-FCF compare to NGS and EROK?
According to the Oil & Gas industry distribution chart, Forum Energy Technologies ranks #238 out of 576 companies for EV-to-FCF. This puts Forum Energy Technologies in the upper half of its industry. The industry median EV-to-FCF is 15.47. Forum Energy Technologies' value of 12.85 is 16.9% below this benchmark. While the company's 10-year median is 6.44 vs. the industry median of 15.47, Forum Energy Technologies has consistently been below 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.47, based on 576 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Forum Energy Technologies's current EV-to-FCF of 12.85 is 16.9% below 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Forum Energy Technologies and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Energy Technologies's current EV-to-FCF is 12.85, which is 100% above median its own 10-year median of 6.44. 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 $19.12, compared to a current price of $48.59 — trading 154.1% above its estimated fair value. The current EV-to-FCF is 12.85, which is 100% above median its 10-year median of 6.44 and 16.9% below the Oil & Gas industry median of 15.47. Forum Energy Technologies' overall GF Score™ is 47/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Forum Energy Technologies (FET), the current EV-to-FCF is 12.85 as of Jul. 09, 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 $48.59 is trading 154.1% above its estimated GF Value™ of $19.12.
GuruFocus considers Forum Energy Technologies to be Significantly Overvalued.
Key valuation signals for FET:
EV-to-FCF: 12.85 (100% above median its 10-year median of 6.44)
GF Value™: $19.12 vs. price of $48.59 (154.1% above fair value)
Industry Position: 16.9% below the Oil & Gas median (#238 of 576)
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.
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