Forum Energy Technologies makes subsea and drilling equipment, including the wellhead and riser systems and pressure-control products that oil and gas operators buy for offshore and high-spec onshore work. Its edge is a installed-base and aftermarket franchise in engineered equipment, where spare parts and service keep margins steadier than the project cycle alone would suggest. Revenue grew 13.2% over the trailing period, and the 28.0% gross margin and 9.3% operating margin show the business is converting that growth into some profit, though not yet much. The stock trades at 15.1 times forward earnings against a trailing P/E of zero, meaning reported earnings are roughly breakeven and the market is pricing a recovery in profitability, with ROE still slightly negative at -0.5%. The name is small at $885M in market cap and sits in no major index, so coverage is thin and the case rests on whether margins can keep widening from here; that is the question worth testing in a deeper look.
Plain-English pros, cons, and what to watch. Pro feature.
See what each model says, the assumptions behind it, the bad, normal and good cases, and why the fair value changed.
The full quality picture: a reason under every score, how the scores moved, and the conviction breakdown.
The full analyst picture: the price-target distribution against the current price, forward consensus estimates, and how ACCE's own models compare.
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Follow the informed money: 13F position changes, insider and Congress trades, and 13D activist filings.
| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 19 Oct 2026, 18:04 CEST | Rating | Overvalued | first publication | $78.70 |
| 19 Oct 2026, 18:04 CEST | Fair value | $45.78 | $51.25 | $78.70 |
| 13 Oct 2026, 00:00 CEST | ACCE price target | $84.00 | first publication | $84.61 |
| 7 Oct 2026, 00:00 CEST | Fair value | $51.25 | $50.24 | $87.37 |
| 27 Sept 2026, 00:00 CEST | Fair value | $50.24 | $51.44 | $82.83 |
| 20 Sept 2026, 00:00 CEST | Fair value | $51.44 | $52.17 | $82.08 |
| 5 Sept 2026, 00:00 CEST | Fair value | $52.17 | $52.77 | $81.87 |
| 2 Sept 2026, 00:00 CEST | Fair value | $52.77 | $52.06 | $81.97 |
| 30 Aug 2026, 00:00 CEST | Fair value | $52.06 | $50.73 | $80.61 |
| 27 Aug 2026, 00:00 CEST | Fair value | $50.73 | $52.10 | $75.35 |
Answered from Forum Energy Technologies Inc. Common Stock fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| FET Forum Energy Technologies Inc. Common Stock | $87.17 | $46 | 90% above | - | -0.5% | 44 | 68 |
| AESI Atlas Energy Solutions Inc. Common Stock | $8.60 | - | - | - | -9.9% | 31 | 24 |
| PUMP ProPetro Holding Corp. Common Stock | $7.22 | - | - | - | -1.5% | 35 | 37 |
| VTOL Bristow Group Inc. Common Stock | $38.03 | $43 | 12% below | 11.1x | 10.1% | 54 | 47 |
| RES RPC Inc. Common Stock | $6.02 | $5 | 10% above | 56.8x | 2.1% | 43 | 51 |
| HLX Helix Energy Solutions Group Inc. Common Stock | $10.60 | $8 | 25% above | 44.2x | 37.6% | 88 | 78 |
| NEXT NextDecade Corporation Common Stock | $5.91 | - | - | - | -15.8% | 13 | 21 |
Where FET ranks against its sector peers on each metric.