Saipem SpA (WBO:SPM3) Construction In Progress: €0 Mil (As of Mar. 2026)


WBO:SPM3 Saipem SpA WBO:SPM3
44 GF Score
Price €4.55
GF Value €2.49
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Saipem SpA Construction In Progress?

Saipem SpA WBO:SPM3 +1.90% 44 Construction In Progress is €0 Mil as of Mar. 2026. GuruFocus rates WBO:SPM3 with a GF Score™ of 44/100 and a GF Value™ of €2.49 (Significantly Overvalued). The stock has 8 warning signs investors should review.

Saipem SpA's quarterly construction in progress increased from Sep. 2025 (€0 Mil) to Dec. 2025 (€84 Mil) but then declined from Dec. 2025 (€84 Mil) to Mar. 2026 (€0 Mil).

Saipem SpA's annual construction in progress declined from Dec. 2023 (€173 Mil) to Dec. 2024 (€67 Mil) but then increased from Dec. 2024 (€67 Mil) to Dec. 2025 (€84 Mil).

Saipem SpA Construction In Progress Historical Data

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The historical data trend for Saipem SpA's Construction In Progress 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.

Saipem SpA Construction In Progress Chart

Saipem SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 115.00 124.00 173.00 67.00 84.00

Saipem SpA Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 84.00 0.00
WBO:SPM3
44GF Score
Saipem SpA WBO:SPM3
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Saipem SpA Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €0 Mil mean?
Saipem SpA (WBO:SPM3) has a Construction In Progress of €0 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Saipem SpA and its competitors.
Is Saipem SpA's Construction In Progress too high?
Saipem SpA's current Construction In Progress is €0 Mil. Overall, Saipem SpA has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's Construction In Progress compare to SLB and BKR?
Saipem SpA's Construction In Progress of €0 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Saipem SpA and its competitors. Saipem SpA's current Construction In Progress is €0 Mil. 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 (WBO:SPM3) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.49, compared to a current price of €4.55 — trading 82.8% above its estimated fair value. The current Construction In Progress is €0 Mil. Saipem SpA's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Saipem SpA (WBO:SPM3), the current Construction In Progress is €0 Mil as of Mar. 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 (WBO:SPM3) Overvalued in 2026?

Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued. The current stock price of €4.55 is trading 82.8% above its estimated GF Value™ of €2.49. GuruFocus considers Saipem SpA to be Significantly Overvalued.

Key valuation signals for WBO:SPM3:

  • Construction In Progress: €0 Mil
  • GF Value™: €2.49 vs. price of €4.55 (82.8% above fair value)
  • GF Score™: 44/100 with 8 warning signs

No single metric tells the full story. See the WBO:SPM3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Saipem SpA Business Description

Industry EnergyOil & Gas
Address Via Luigi Russolo, 5, Milano, ITA, 20138
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.
44GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€4.55
Price
€2.49
GF Value