The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-24), Forum Energy Technologies's share price is $19.45. Forum Energy Technologies's Book Value per Share for the quarter that ended in Dec. 2023 was $40.48. Hence, Forum Energy Technologies's PB Ratio of today is 0.48.
Good Sign:
Forum Energy Technologies Inc stock PB Ratio (=0.48) is close to 1-year low of 0.45
The historical rank and industry rank for Forum Energy Technologies's PB Ratio or its related term are showing as below:
FET'
s PB Ratio Range Over the Past 10 Years
Min: 0.04 Med: 0.67 Max: 2.36
Current: 0.48
During the past 13 years, Forum Energy Technologies's highest PB Ratio was 2.36. The lowest was 0.04. And the median was 0.67.
FET's PB Ratio is ranked better than 86.16% of 990
companies
in the Oil & Gas industry
Industry Median: 1.23
vs FET: 0.48
During the past 12 months, Forum Energy Technologies's average Book Value Per Share Growth Rate was -25.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -17.80% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -23.50% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -20.50% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Forum Energy Technologies was 36.90% per year. The lowest was -34.60% per year. And the median was -8.90% per year.
Back to Basics: PB Ratio
Forum Energy Technologies PB Ratio Historical Data
The historical data trend for Forum Energy Technologies's PB 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.
Competitive Comparison of Forum Energy Technologies's PB Ratio
For the Oil & Gas Equipment & Services subindustry, Forum Energy Technologies's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Forum Energy Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where Forum Energy Technologies's PB Ratio falls into.
Forum Energy Technologies PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Forum Energy Technologies's PB Ratio for today is calculated as follows:
* 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:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Forum Energy Technologies (NYSE:FET) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Forum Energy Technologies PB Ratio Related Terms
Thank you for viewing the detailed overview of Forum Energy Technologies's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Forum Energy Technologies (Forum Energy Technologies) Business Description
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.
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