Should Value Investors Buy Forum Energy Technologies (FET) Stock?

Core Insights - The Zacks Rank system emphasizes earnings estimates and revisions to identify winning stocks [1] - Value investing remains a favored strategy for identifying strong stocks across various market conditions [2] - The Style Scores system, particularly the "Value" category, helps investors find stocks with high value grades [3] Company Analysis: Forum Energy Technologies (FET) - Forum Energy Technologies holds a Zacks Rank of 1 (Strong Buy) and a Value grade of A, indicating strong investment potential [4] - The stock has a P/E ratio of 9.86, significantly lower than the industry average P/E of 13.83, suggesting it may be undervalued [4] - FET's Forward P/E has fluctuated between 9.86 and 56.81 over the past 52 weeks, with a median of 41.72 [4] - The company has a P/B ratio of 0.77, which is favorable compared to the industry average P/B of 1.20, indicating solid valuation metrics [5] - FET's P/B has ranged from 0.39 to 0.81 in the last 12 months, with a median of 0.48 [5] - Overall, the metrics suggest that Forum Energy Technologies is likely undervalued, making it a strong candidate for value investors [6]