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What is Forum Energy Technologies, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on Forum Energy Technologies, Inc.'s reported free cash flow gives $116.56 per share. The share price was $82.83 on September 25, 2026, 29% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$64.4M
Average free cash flow, last 5 years
$21.2M
Cash
$37.5M
balance sheet of March 31, 2026
Debt
$153.7M
balance sheet of March 31, 2026
Diluted shares, fiscal 2025
11,883,000
Revenue growth per year, last 5 years
9.1%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear4.0%3.0%2.0%10.0%$67.63-18%
Base9.0%6.0%2.5%9.0%$116.56+41%
Bull14.0%8.5%3.0%8.0%$207.86+151%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$152.43$163.46$176.95$193.81$215.48
8.0%$125.60$132.76$141.21$151.36$163.76
9.0%$106.02$110.92$116.56$123.15$130.93
10.0%$91.14$94.62$98.56$103.06$108.26
11.0%$79.45$82.00$84.85$88.06$91.69

Where the presets come from

Base: years 1 to 5 grow at Forum Energy Technologies, Inc.'s revenue growth rate over the last 5 fiscal years (9.1% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Forum Energy Technologies, Inc. company page