P/E ratio for Forum Energy Technologies (FET)
P/E ratio as of April 2024 (TTM): -55.6
According to Forum Energy Technologies 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is -55.5714. At the end of 2022 the company had a P/E ratio of 47.6.
P/E ratio history for Forum Energy Technologies from 2012 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 47.6 | -4446% |
| 2021 | -1.09 | 59.81% |
| 2020 | -0.6851 | 109.2% |
| 2019 | -0.3275 | -72.72% |
| 2018 | -1.20 | -95.06% |
| 2017 | -24.3 | -0.6% |
| 2016 | -24.4 | 158.96% |
| 2015 | -9.44 | -186.06% |
| 2014 | 11.0 | -44.5% |
| 2013 | 19.8 | 43.11% |
| 2012 | 13.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 NOV NOV | 14.8 | -126.68% | 🇺🇸 USA |
 Schlumberger SLB | 16.8 | -130.26% | 🇺🇸 USA |
 TechnipFMC
FTI | -372 | 569.84% | 🇬🇧 UK |
 Helix Energy Solutions HLX | 78.6 | -241.52% | 🇺🇸 USA |
 Dril-Quip DRQ | -382 | 587.40% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.