Forum Energy Technologies, Inc. (FET) Fair Value 2026

FET · Oil & Gas Equipment & Services ·

By CirclFi Research Team · Data from SEC EDGAR, FRED & GDELT

Quality Score

6.6 /10

32 fundamental signals · 10 models active

Value Trap Risk

LOW (25/100)

Quick Summary — As of 2026-08-28, Forum Energy Technologies, Inc. (FET) trades at $80.61, versus a $56.36 median fair value across its 10 active models — 30.1% below the current price. QOC: 6.6/10. Value Trap Risk: 25/100 (LOW). 10/13 models active. Within that set, the Bayesian DCF component alone returns $36.41.

Key Facts

Ticker
FET
Price
$80.61
Quality Score
6.6/10
Value Trap Risk
25/100
Models Active
10/13
Last Updated
Strength: First Chicago suggests +44.5% upside with 60% confidence
Risk: Majority of models suggest overvaluation

Is Forum Energy Technologies, Inc. (FET) Undervalued or Overvalued in 2026?

According to CirclFi’s 10-model valuation engine, Forum Energy Technologies, Inc. (FET) appears overvalued as of : the median of 10 independent fair value estimates is $56.36, 30.1% below the current price of $80.61. Estimates range from $1.16 to $158.66. FET scores 6.6/10 on fundamental quality and 25/100 on value-trap risk.

For context, the median US equity CirclFi rates trades at an implied -23.4% versus its own 13-model consensus, across 3,809 rated companies as of 2026-08-28. FET’s -30.1% gap is wider than that market norm, and the Oil & Gas Equipment & Services sector median is -18.1%. Full market index →

This verdict compares price to intrinsic value only — it is not a buy or sell rating. For the decision case (bull vs bear arguments, risk factors, peers), read Should You Buy Forum Energy Technologies, Inc. Stock in 2026? →

What Fair Value Does Each Model Give FET?

10 Intrinsic Value Models vs. Current Price ($80.61)

Core Models (Unlocked)
Model Fair Value Upside
Intrinsic · High Conviction
 $36.41 -54.8%
Ensemble · Low Conviction
 $58.90 -26.9%
Scenario · High Conviction
 $116.45 +44.5%
Intrinsic · High Conviction
 $77.41 -4.0%
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What Is FET's Fair Value Range?

Spread across 10 independent models · $1.16 to $158.66

CirclFi's 10 active models place Forum Energy Technologies, Inc. (FET) between $1.16 and $158.66 per share, a spread of 279% of the median. The median of that range — $56.36 — is the fair value CirclFi publishes for FET, against a current price of $80.61.

Low · ML-RIVHigh · Regime Cross
$1.16median $56.36$158.66
Where the range comes from
Most bearish modelML Residual Income$1.16
Most bullish modelRegime Cross-Sectional$158.66
Model agreement2 bullish · 7 bearishwide

A band this wide is itself the finding. When independent methods land far apart, they are reading a business whose value depends heavily on which lens you apply — volatile earnings, heavy reinvestment, or an asset base that cash-flow and asset-based methods score differently. That disagreement is information: it says the choice of method matters more than usual for FET. Treat the median as one reading among several and compare the individual models below before acting.

Every figure above is one model's standalone output on FET, not a CirclFi price target. How each model works →

What Is Forum Energy Technologies, Inc. (FET) Worth in 2026?

According to the CirclFi Deep Alpha Valuation Engine, the balance of valuation evidence tilts cautious on Forum Energy Technologies, Inc. at its current price of $80.61. The median intrinsic value is estimated at $56.36 (-30.1% vs price), with 7 models flagging overvaluation risk. Notably, Regime Cross sees the most upside at +96.8% (fair value: $158.66), while ML-RIV is the most conservative at -98.6% ($1.16). The spread between these extremes — +195.4% — reveals how different analytical frameworks can reach starkly different conclusions.

What Do the Models Say About FET?

10 of 13 models are currently active for FET. Of these, 2 models suggest upside while 8 models suggest overvaluation. Taken together, their median fair value for FET is $56.36 — the figure CirclFi publishes as this stock's fair value. One component of that median, the Bayesian DCF, returns $36.41 on its own, implying -54.8% downside from the current price. See which stocks rank higher →

How Does FET Rank in Oil & Gas Equipment & Services?

Among 53 Oil & Gas Equipment & Services stocks, FET ranks #36 by Quality of Company score. CirclFi's QOC score of 6.6/10 evaluates 32 fundamental signals. A score of 6.6 indicates above-average quality.

As a oil and gas company, Forum Energy Technologies, Inc. operates in a sector where finding and development costs (F&D) is a critical driver of valuation. Investors evaluating FET should weigh these sector-specific dynamics alongside our model-derived fair values.

Is FET a Value Trap?

CirclFi's Value Trap algorithm assigns FET a score of 25/100 (LOW). This indicates low risk. The financial profile does not exhibit typical value trap warning signs. The score cross-references apparent undervaluation against fundamental deterioration signals. Browse lowest value-trap stocks →

Multi-Model Methodology

10 of 13 models are active for Forum Energy Technologies, Inc.. Broad coverage provides high confidence. Each model applies a fundamentally different valuation philosophy. See the complete methodology →

According to the CirclFi Quality of Company (QOC) framework, which evaluates 32 signals including margin stability, revenue growth trajectory, leverage, and free cash flow generation, Forum Energy Technologies, Inc. is rated at 6.6/10. This solid-tier score maintains reasonable quality metrics with some areas for improvement.

The gap between the most bullish and bearish model spans +195.4% — demonstrating why single-model analysis is dangerous. Browse all stocks with 13-model coverage →

Data Sources & Confidence

Every FET valuation is built from SEC EDGAR XBRL filings — 700+ standardized financial tags. Macroeconomic context from FRED calibrates discount rates, while GDELT news sentiment feeds into our Sentiment SOTP model. All pipelines run daily. Read the complete data methodology →

Across FET's 10 active models, average confidence is 40%. Lower confidence may reflect limited history or high volatility.

CirclFi's output is a research starting point, not a buy/sell signal. All data updates daily. Read the full methodology →

This analysis is produced by the CirclFi Valuation Engine using quantitative models applied to SEC EDGAR filings, public market feeds, and FRED macroeconomic indicators. It is not financial advice.

Read the full investment analysis: Should You Buy Forum Energy Technologies, Inc. Stock in 2026? →

Bull case, bear case, risk factors & peer comparison — updated daily

Which Similar Oil & Gas Equipment & Services Stocks Should You Also Analyze?

11 related Oil & Gas Equipment & Services stocks with 13-model coverage

GEOSGeospace Technologies CorporationQOC 6.7DWSNDawson Geophysical CompanyQOC 6.4OISOil States International, Inc.QOC 6.8AESIAtlas Energy Solutions Inc.QOC 6.1WTTRSelect Water Solutions, Inc.QOC 6.8KLNGKoil Energy Solutions, Inc.QOC 6.0QSEPQS Energy, Inc.QOC 3.9NESRNational Energy Services Reunited Corp.QOC 8.4KGSKodiak Gas Services, Inc.QOC 7.9WHDCactus, Inc.QOC 9.2FTITechnipFMC plcQOC 8.9

Read investment analysis: GEOS · DWSN · OIS · AESI · WTTR · KLNG · QSEP · NESR · KGS · WHD · FTI

Which Other Stocks Have a Similar Quality Score to FET?

7 companies across all industries closest to FET’s Quality of Company score of 6.6/10.

RIOTRiot Platforms, Inc.QOC 6.6MECMayville Engineering Company, Inc.QOC 6.6NSYSNortech Systems IncorporatedQOC 6.6STLAStellantis N.V.QOC 6.6MLPMaui Land & Pineapple Company, Inc.QOC 6.6MYOMyomo, Inc.QOC 6.6NVDANVIDIA CorporationQOC 10.0

Read investment analysis: RIOT · MEC · NSYS · STLA · MLP · MYO · NVDA

What Else Do Investors Ask About Forum Energy Technologies, Inc.’s Valuation?

What is Forum Energy Technologies, Inc.'s intrinsic value in 2026?

CirclFi puts Forum Energy Technologies, Inc. (FET)'s intrinsic value at $56.36 — the median of 10 independent model estimates as of 2026-08-28, ranging from $1.16 to $158.66. One component of that median, the Bayesian DCF, runs 10,000 Monte Carlo simulations with jump-diffusion and returns $36.41 on its own. The Quality of Company score is 6.6/10 across 32 fundamental signals. All models use SEC EDGAR filings updated daily. See our methodology page for how each model works.

Is FET overvalued or undervalued right now?

At $80.61, 2 of 10 active models suggest FET may be undervalued, while 8 indicate potential overvaluation. The median of all 10 fair value estimates is $56.36, 30.1% below the current price of $80.61 — a consensus view that FET is overvalued. The assessment depends on which methodology best fits Forum Energy Technologies, Inc.'s business model in Oil & Gas Equipment & Services.

What does a Quality of Company score of 6.6 mean for FET?

Forum Energy Technologies, Inc.'s QOC of 6.6/10 reflects 32 fundamental signals: profitability margins, revenue growth consistency, balance sheet leverage, free cash flow generation, and capital allocation efficiency. Scores between 5-7 reflect moderate fundamentals with areas for improvement.

How many valuation models does CirclFi run on FET?

CirclFi analyzes FET with 13 institutional-grade models daily: Bayesian DCF (Monte Carlo + jump-diffusion), EPV (Greenwald zero-growth), EROIC Spread (McKinsey reinvestment), First Chicago (3-scenario), Markov DDM (regime-switching), ML-RIV (machine learning residual income), Dynamic NAV (asset-based), PWERM (option-theoretic), Regime Cross-Sectional (relative), Sentiment SOTP (hybrid), CUCE Ensemble (meta-model), FTNN Topology (neural network), and RCMH-DCF (conditional regime). Currently 10 of 13 are active for this stock. Read the full methodology →

Which valuation models are most bullish and most bearish on FET?

Of the 10 models currently active on FET, Regime Cross-Sectional is the most bullish at $158.66 per share, and ML Residual Income is the most bearish at $1.16. CirclFi's published fair value for FET is the median of that range, $56.36, not either extreme. The gap between the two ends equals 279% of the median — a wide spread, meaning the methods genuinely disagree and the median should carry less weight. Browse stocks by value-trap risk →

Is FET a value trap in 2026?

Forum Energy Technologies, Inc.'s Value Trap score is 25/100 (LOW). This low score indicates the current valuation is not artificially depressed by fundamental deterioration, suggesting genuine opportunity rather than a trap.

Cite this analysis — “According to CirclFi’s 10-model valuation engine, Forum Energy Technologies, Inc. (FET) has a median fair value of $56.36 — 30.1% below the current price of $80.61 — as of 2026-08-28.” Source: circlfi.com/stock/FET/ · Methodology
Primary sources for this FET valuation
  • Financial statements: Forum Energy Technologies, Inc. 10-K and 10-Q filings on SEC EDGAR (CIK 0001401257) — 700+ standardized XBRL tags, published by the U.S. Securities and Exchange Commission.
  • Discount-rate inputs: FRED, Federal Reserve Bank of St. Louis — risk-free rates, VIX, yield curve, inflation.
  • News sentiment: The GDELT Project — global media tone, input to the Sentiment SOTP model.
  • Model definitions: CirclFi methodology — the published specification for all 13 models, including the academic sources each one implements.

Market data for FET as of ; valuations recomputed .

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