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Saipem SpACHIX:SPMM 48 Cash-to-Debt is 0.78 as of Jun. 2026, which is 37% above its 10-year median of 0.57. GuruFocus rates CHIX:SPMM with a GF Score™ of 48/100 and a GF Value™ of €2.53 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 986 Oil & Gas companies, Saipem SpA ranks better than 57.51% on this metric.
Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Saipem SpA's cash to debt ratio for the quarter that ended in Jun. 2026 was 0.78.
If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, Saipem SpAcouldn't pay off its debt using the cash in hand for the quarter that ended in Jun. 2026.
The historical rank and industry rank for Saipem SpA's Cash-to-Debt or its related term are showing as below:
CHIX:SPMm'
s Cash-to-Debt Range Over the Past 10 Years
Min: 0.02 Med: 0.57 Max: 0.84
Current: 0.78
During the past 13 years, Saipem SpA's highest Cash to Debt Ratio was 0.84. The lowest was 0.02. And the median was 0.57.
CHIX:SPMm's Cash-to-Debt is ranked better than 57.51% of 986
companies
in the Oil & Gas industry
Industry Median: 0.555
vs CHIX:SPMm: 0.78
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.
Saipem SpA Cash-to-Debt Related Terms
Saipem SpA Cash-to-Debt Historical Data
* Premium members only.
The historical data trend for Saipem SpA's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
CHIX:SPMM vs SLB, BKR, HAL: Cash-to-Debt Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Saipem SpA Cash-to-Debt vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Cash-to-Debt falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Saipem SpA (CHIX:SPMM) has a Cash-to-Debt of 0.78 as of Jun. 2026. This is 37% above median its historical median of 0.57. Over the past decade, Saipem SpA's Cash-to-Debt has ranged from 0.02 to 0.84. According to the industry distribution chart, Saipem SpA ranks #419 out of 986 companies in the Oil & Gas industry, placing it in the top 42.5%.
Is Saipem SpA's Cash-to-Debt too high?
Saipem SpA's current Cash-to-Debt of 0.78 is 37% above median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.02 to a high of 0.84. The Oil & Gas industry median Cash-to-Debt is 0.56. Saipem SpA's value of 0.78 is 40.5% above this industry median. Based on the distribution chart, Saipem SpA ranks #419 out of 986 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Saipem SpA has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's Cash-to-Debt compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #419 out of 986 companies for Cash-to-Debt. This puts Saipem SpA in the upper half of its industry. The industry median Cash-to-Debt is 0.56. Saipem SpA's value of 0.78 is 40.5% above this benchmark. Historically, Saipem SpA's own Cash-to-Debt has ranged from 0.02 to 0.84 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 0.56, Saipem SpA has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash-to-Debt for an Oil & Gas company?
The median Cash-to-Debt among Oil & Gas companies is 0.56, based on 986 companies in the industry. Companies in the top quartile (top 25%) have a Cash-to-Debt significantly above this median, while those in the bottom quartile fall well below. However, Cash-to-Debt should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current Cash-to-Debt of 0.78 is 40.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash-to-Debt mean?
A high Cash-to-Debt can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Cash-to-Debt is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current Cash-to-Debt is 0.78, which is 37% above median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Saipem SpA stock overvalued right now?
Based on GuruFocus' analysis, Saipem SpA (CHIX:SPMM) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.53, compared to a current price of €4.39 — trading 73.3% above its estimated fair value. The current Cash-to-Debt is 0.78, which is 37% above median its 10-year median of 0.57 and 40.5% above the Oil & Gas industry median of 0.56. Saipem SpA's overall GF Score™ is 48/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash-to-Debt calculated?
Cash-to-Debt is calculated from a company's financial statements. For Saipem SpA (CHIX:SPMM), the current Cash-to-Debt is 0.78 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Saipem SpA (CHIX:SPMM) Overvalued in 2026?
Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued.
The current stock price of €4.39 is trading 73.3% above its estimated GF Value™ of €2.53.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for CHIX:SPMM:
Cash-to-Debt: 0.78 (37% above median its 10-year median of 0.57)
GF Value™: €2.53 vs. price of €4.39 (73.3% above fair value)
Industry Position: 40.5% above the Oil & Gas median (#419 of 986)
No single metric tells the full story. See the CHIX:SPMM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Saipem SpA specializes in engineering and construction of projects for the energy and infrastructure sectors, offshore and onshore. The company operates through Asset-Based Services, Offshore Drilling, and Energy Carriers segments. Key revenue is generated from Asset-Based Services, which includes the Offshore Engineering & Construction and Offshore Wind activities. The Energy Carriers segment includes the Onshore Engineering & Construction, Sustainable Infrastructures, and Robotics & Industrialized Solutions activities. Its revenue by geographical segment includes Italy, Rest of Europe, CSI, Rest of Asia, etc.
48GF Score
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