Saipem SpAWBO:SPM3 +1.90%44 Days Payable is 116.54 as of Mar. 2026, which is 3% below its 10-year median of 120.73. 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. Among 849 Oil & Gas companies, Saipem SpA ranks better than 68.43% on this metric.
Saipem SpA's average Accounts Payable for the
three
months ended in Mar. 2026 was €3,585 Mil. Saipem SpA's Cost of Goods Sold for the
three
months ended in Mar. 2026 was €2,807 Mil.
Hence, Saipem SpA's Days Payable for the
three
months ended in Mar. 2026 was 116.54.
The historical rank and industry rank for Saipem SpA's Days Payable or its related term are showing as below:
WBO:SPM3'
s Days Payable Range Over the Past 10 Years
Min: 96.17 Med: 120.73 Max: 136.92
Current: 102.48
During the past 13 years, Saipem SpA's highest Days Payable was 136.92. The lowest was 96.17. And the median was 120.73.
WBO:SPM3's Days Payable is ranked better than 68.43% of 849
companies
in the Oil & Gas industry
Industry Median: 57.95
vs WBO:SPM3: 102.48
Saipem SpA's Days Payable
increased
from Mar. 2025 (100.55) to Mar. 2026 (116.54).
It may suggest that Saipem SpAdelayed paying its suppliers.
Saipem SpA Days Payable Related Terms
Saipem SpA Days Payable Historical Data
* Premium members only.
The historical data trend for Saipem SpA's Days Payable 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.
WBO:SPM3 vs SLB, BKR, HAL: Days Payable Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Days Payable distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Days Payable falls into.
Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.
Saipem SpA's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (WBO:SPM3) has a Days Payable of 116.54 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Saipem SpA and its competitors. This is near median its historical median of 120.73. Over the past decade, Saipem SpA's Days Payable has ranged from 96.17 to 136.92. According to the industry distribution chart, Saipem SpA ranks #268 out of 849 companies in the Oil & Gas industry, placing it in the top 31.6%.
Is Saipem SpA's Days Payable too high?
Saipem SpA's current Days Payable of 116.54 is near median its 10-year median of 120.73. Over the past 10 years, this metric has ranged from a low of 96.17 to a high of 136.92. The Oil & Gas industry median Days Payable is 57.95. Saipem SpA's value of 116.54 is 101.1% above this industry median. Based on the distribution chart, Saipem SpA ranks #268 out of 849 companies in the Oil & Gas industry, which is above the industry midpoint. 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 Days Payable compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #268 out of 849 companies for Days Payable. This puts Saipem SpA in the upper half of its industry. The industry median Days Payable is 57.95. Saipem SpA's value of 116.54 is 101.1% above this benchmark. Historically, Saipem SpA's own Days Payable has ranged from 96.17 to 136.92 over the past decade. While the company's 10-year median is 120.73 vs. the industry median of 57.95, 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 Days Payable for an Oil & Gas company?
The median Days Payable among Oil & Gas companies is 57.95, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current Days Payable of 116.54 is 101.1% 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 Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median Days Payable is 57.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current Days Payable is 116.54, which is near median its own 10-year median of 120.73. 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 Days Payable is 116.54, which is near median its 10-year median of 120.73 and 101.1% above the Oil & Gas industry median of 57.95. 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 Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Saipem SpA (WBO:SPM3), the current Days Payable is 116.54 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:
Days Payable: 116.54 (near median its 10-year median of 120.73)
GF Value™: €2.49 vs. price of €4.55 (82.8% above fair value)
Industry Position: 101.1% above the Oil & Gas median (#268 of 849)
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 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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