Is FET's "Beat the Market" Strategy Its Key to Faster Growth?
Forum Energy Technologies (FET) is pursuing a 'Beat the Market' strategy to grow faster than oilfield activity by targeting specific markets. Since 2022, revenue per global rig has risen 34%, with FET aiming to double its share in targeted markets by 2030. The strategy focuses on limited competition, manufacturing expertise, differentiated technologies, and global expansion. FET's stock has surged 212.6% over the past year, trading at a forward P/E of 17.75, with 2026 earnings estimated at $4.01



