NYSE: FTI · Oil & Gas Equipment & Services
TechnipFMC (FTI) fair value: undervalued or overvalued?
As of 31 Oct 2026, Faircurve's model values TechnipFMC (FTI) at $69.13 a share. The stock last closed at $66.74, which puts the model's fair value 3.6% above the price. On the model's bands that reads as Fairly valued.
Revalued . Price is the close of 3 Nov 2026. TechnipFMC plc.
The report adds the live price, the chart against the range the options market prices, the next earnings date and the analysts' consensus. No account needed.
This week, in three parts
What happenedThe run of 31 Oct 2026 moved the fair value from $70.23 to $69.13 (-1.6%). The stock's own trading multiple fell with its price, and the fair value follows it in part: most of the move.
What the model makes of itThe price of $66.74 is 3.6% below it: Fairly valued, on a medium evidence grade.
What's nextNext report on 18 Feb 2027. Options prices imply a move of about 11% either way over the next month. The next weekly run is on Saturday 7 Nov 2026.
What price range does the model give FTI?
The calibrated range for FTI over 63 trading days is $59.38 to $77.05. It sits around the last close, and its width comes from the volatility that FTI's own options imply (39% a year), calibrated weekly against realised prices (n = 6,661 past valuations, refreshed 31 Oct 2026). Ranges built this way held the price 60% of the time at this horizon. The fair value is the model's opinion and rides beside the range. It is not the centre of it.
The model's own simulated range, from the 20th to the 80th percentile of its runs, is $44.09 to $106.26. In 51% of the simulations the fair value came out above the price the model ran on.
Faircurve Insights · 31 Oct 2026
TechnipFMC plc (FTI) is a global technology and services provider primarily focused on the energy industry. It operates across Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East.
Faircurve's model gives a fair value of $69.13 a share on 31 Oct 2026, the midpoint of 2,000 simulations. The previous run, on 24 Oct 2026, gave $70.23, so the fair value moved -1.6%. In the model's own words: "The stock's own trading multiple fell with its price, and the fair value follows it in part: most of the move." The calibrated range over 63 trading days is $59.38 to $77.05. Ranges built this way held the price 60% of the time at this horizon. The model grades the evidence Medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It does not say whether the fair value is right.
The model's overall quality score for the company is 84 out of 100. Profitability scores 100, with ROIC of 36.7% against a peer median of 13.3%. Capital discipline scores 98, with net buybacks at 4.3% of market value against a peer median of 2.3%. The balance sheet scores 91, with net debt to EBITDA of 0.12x against a peer median of 1.03x. Stability scores 60, with five-year EBITDA margin downside volatility of 2.2 pts, the same as the peer median. The model compares the company with Halliburton Company (HAL), Slb N.V. (SLB), NOV Inc. (NOV), Weatherford International plc (WFRD), Archrock, Inc. (AROC), Kodiak Gas Services, Inc. (KGS) and Cactus, Inc. (WHD). Baker Hughes Company (BKR) is also a comparable company, but it has no verdict on this date.
Written from the figures on this page for the 31 Oct 2026 valuation and checked by rule before publishing: every number is one printed here, no forecast, no instruction. The price, the gap and the verdict are the page's own and change daily. Not a recommendation.
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When does FTI report earnings, and how has the stock reacted?
TechnipFMC's next earnings report is scheduled for 18 Feb 2027. Companies can move their dates.
On 4 Nov 2026, FTI's 30 day implied volatility worked out to a move of about 11.4% over one month, in either direction. That is a size, not a direction.
On 29 Oct 2026 FTI moved 6.2% in one session, against the 2.8% a day that options had priced: 2.3 times the implied size, around an earnings report.
Around its last 8 reports: what the options market priced, and what followed
Each move runs from the last close before the report to the first close after it, so it covers companies that report before the open and after the close. The median size across FTI's last 8 reports, ignoring direction, was 2.8%.
What the options market has priced for a month's move in FTI
How does FTI score on business quality?
TechnipFMC's overall quality score is 84 out of 100. Each factor below is a score against comparable companies, not a percentile of the metric beside it.
| Factor | Score (0 to 100) | Headline measure | Peer median |
|---|---|---|---|
| ProfitabilityReturn on invested capital against the peer group, with a bonus for an improving trend. | 100 | 36.7%ROIC | 13.3% |
| Earnings qualityHow much of reported profit is cash: free cash flow to net income, and the accrual ratio (the share of earnings that is not cash). | 75 | 1.24xFCF / net income | 1.17x |
| Growth qualityTrailing revenue growth, forward growth from consensus, and the direction of analysts' rating changes. | 72 | 9.4%Revenue growth, trailing | -2.5% |
| Capital disciplineReinvestment efficiency (capital spending per unit of revenue) and net buybacks. | 98 | 4.3%Net buybacks / market value | 2.3% |
| Balance sheetNet debt to EBITDA and interest coverage. | 91 | 0.12xNet debt / EBITDA | 1.03x |
| StabilityDownside volatility of the EBITDA margin over the last five years. | 60 | 2.2 ptsEBITDA margin downside volatility, 5y | 2.2 pts |
How does FTI compare with similar companies?
The companies in oil & gas equipment & services closest to TechnipFMC in market value, each on the same model and the same date.
| Company | Last close | Model fair value | Gap | Model verdict |
|---|---|---|---|---|
| HAL Halliburton Company | $34.07 | $38.81 | +13.9% | Fairly valued |
| BKR Baker Hughes Company | $52.79 | $51.31 | -2.8% | Low evidence grade |
| SLB Slb N.V. | $52.13 | $53.47 | +2.6% | Fairly valued |
| NOV NOV Inc. | $18.49 | $19.39 | +4.9% | Fairly valued |
| WFRD Weatherford International plc | $87.70 | $106.05 | +20.9% | Undervalued |
| AROC Archrock, Inc. | $31.45 | $29.20 | -7.2% | Fairly valued |
| KGS Kodiak Gas Services, Inc. | $46.54 | $56.77 | +22.0% | Undervalued |
| WHD Cactus, Inc. | $62.03 | $64.49 | +4.0% | Fairly valued |
What the comparable companies' multiples alone would give for FTI, the peer-implied price, is $69.56 a share on this run. The fair value weighs that against the company's own multiple.
All oil & gas equipment & services stocks ranked by gap to fair value
TechnipFMC at a glance
TechnipFMC plc is a global technology and services provider primarily focused on the energy industry, operating across Europe, Central Asia, North and Latin America, the Asia Pacific, Africa, and the Middle East.
- Market value
- $27.0B
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Revenue expected, next twelve months
- $11.3B
- Consensus revenue growth, next fiscal year
- +8.2%
- Analysts with estimates
- 12
- Beta to the US market
- 0.52
- First valued by Faircurve
- 11 Jul 2026
At the close of 3 Nov 2026, 52.1% of the 1,081 graded US stocks the model covers traded below the model's fair value. FTI was among them.
How the fair value is worked out: the model prices TechnipFMC on the value of the whole business, debt included, against the operating profit analysts expect next year (forward EV/EBITDA), runs 2,000 simulations across its inputs and takes the midpoint. The full method is documented here.
What changed in the latest valuation?
On 24 Oct 2026 the model's fair value for FTI was $70.23. As of 31 Oct 2026 it is $69.13, a change of -1.6%. The stock's own trading multiple fell with its price, and the fair value follows it in part: most of the move. The model revalues every stock it covers each week, and again after an earnings report.
Questions about TechnipFMC's valuation
Is TechnipFMC stock undervalued or overvalued?
On Faircurve's model, FTI reads as Fairly valued as of 31 Oct 2026. The model's fair value is $69.13 a share against a last close of $66.74, a gap of +3.6%.
What is FTI's fair value?
$69.13 a share as of 31 Oct 2026, the midpoint of 2,000 simulations. The model's own 20th to 80th percentile range is $44.09 to $106.26.
What price range does the model give FTI?
$59.38 to $77.05 over 63 trading days. Ranges built this way held the price 60% of the time across 6,661 past valuations, refreshed 31 Oct 2026.
When does TechnipFMC report earnings next?
The next report is scheduled for 18 Feb 2027. Companies can move their dates.
How much has FTI moved on past earnings reports?
Across its last 8 reports the median two session move was 2.8%, ignoring direction. The largest was +8.5% around the report of 24 Jul 2025.
How confident is the model in this valuation?
The model's evidence grade for FTI is medium. The grade looks at how complete the inputs are, how many comparable companies there are and how closely they agree, and how wide the range of outcomes is. It is not a probability that the fair value is right, or that the price reaches it.
The model's own ideas on FTI
The model holds no idea open on FTI today. Signed-in readers see the rule each idea runs on, the floor and the exit level the model set and its time limit, and the model's closed ideas on FTI with their outcomes. A free account is enough.