Forum Energy Technologies price to free cash flow FET

Market value divided by free cash flow over the last twelve months, since 2013.

Today, Oct 23, 2026: 18.4×
10-year median: 8.6×
Against its 10-year history: 66th; percentile: 0 is its lowest day, 100 its highest
10-year range: 0.2× to 322×
Peer median: 14.7×

Forum Energy Technologies' price to free cash flow is 18.4× as of Oct 23, 2026.

That is above its ten-year median of 8.6×, higher than on 66% of days in the last ten years.

Over that time it ranged from 0.2× in Mar 2020 to 322× in Sep 2017.

The median for 10 oilfield services stocks of a similar size is 14.7×.

Price to free cash flow over time

median 8.6×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	18.4×	5.5×	18.4×
2025	5.3×	2.0×	5.3×
2024	3.2×	3.0×	60.7×
2023	59.6×	57.3×	63.4×
2022	n/m a value too high to mean anything
2021	18.3×	15.2×	93.3×
2020	52.0×	0.2×	60.7×
2019	2.1×	1.3×	37.5×
2018	n/m a value too high to mean anything
2017	269×	28.4×	322×
2016	31.1×	4.7×	32.4×
2015	6.8×	6.4×	11.5×
2014	11.7×	9.8×	19.7×
2013	15.3×	14.2×	30.0×

Against its peers

Companies in Oil & Gas Equipment & Services nearest Forum Energy Technologies' size, closest first, today.

Company	Price to free cash flow
FETForum Energy Technologies	18.4×
HOSHornbeck Offshore Services	4.4×
RESRPC	35.5×
INVXInnovex International	n/m
CLBCore Laboratories	30.0×
NGSNatural Gas Services	n/m
LBRTLiberty Energy	n/m
RNGRRanger Energy Services	14.7×
OIIOceaneering International	13.6×
SEISolaris Energy Infrastructure	n/m
WHDCactus	n/m
Peer median	14.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Forum Energy Technologies

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.