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Saipem SpACHIX:SPMM 46 Debt-to-Equity is 0.47 as of Mar. 2026, which is 47% below its 10-year median of 0.88. GuruFocus rates CHIX:SPMM with a GF Score™ of 46/100 and a GF Value™ of €2.48 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 796 Oil & Gas companies, Saipem SpA ranks worse than 50.13% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Saipem SpA's Debt-to-Equity or its related term are showing as below:
CHIX:SPMm'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.88 Max: 12.07
Current: 0.47
During the past 13 years, the highest Debt-to-Equity Ratio of Saipem SpA was 12.07. The lowest was 0.12. And the median was 0.88.
CHIX:SPMm's Debt-to-Equity is ranked worse than 50.13% of 796
companies
in the Oil & Gas industry
Industry Median: 0.465
vs CHIX:SPMm: 0.47
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Saipem SpA Debt-to-Equity Related Terms
Saipem SpA Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Saipem SpA's Debt-to-Equity 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.
CHIX:SPMM vs SLB, BKR, HAL: Debt-to-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Debt-to-Equity 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 Debt-to-Equity of 0.47 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Saipem SpA and its competitors. This is 47% below median its historical median of 0.88. Over the past decade, Saipem SpA's Debt-to-Equity has ranged from 0.12 to 12.07. According to the industry distribution chart, Saipem SpA ranks #399 out of 796 companies in the Oil & Gas industry, placing it in the top 50.1%.
Is Saipem SpA's Debt-to-Equity too high?
Saipem SpA's current Debt-to-Equity of 0.47 is 47% below median its 10-year median of 0.88. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 12.07. The Oil & Gas industry median Debt-to-Equity is 0.47. Saipem SpA's value of 0.47 is 1.1% above this industry median. Based on the distribution chart, Saipem SpA ranks #399 out of 796 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Saipem SpA has a GF Score™ of 46/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's Debt-to-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #399 out of 796 companies for Debt-to-Equity. This places Saipem SpA in the lower half of its industry. The industry median Debt-to-Equity is 0.47. Saipem SpA's value of 0.47 is 1.1% above this benchmark. Historically, Saipem SpA's own Debt-to-Equity has ranged from 0.12 to 12.07 over the past decade. While the company's 10-year median is 0.88 vs. the industry median of 0.47, 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 Debt-to-Equity for an Oil & Gas company?
The median Debt-to-Equity among Oil & Gas companies is 0.47, based on 796 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current Debt-to-Equity of 0.47 is 1.1% 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median Debt-to-Equity is 0.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current Debt-to-Equity is 0.47, which is 47% below median its own 10-year median of 0.88. 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 €2.48, compared to a current price of €4.34 — trading 74.9% above its estimated fair value. The current Debt-to-Equity is 0.47, which is 47% below median its 10-year median of 0.88 and 1.1% above the Oil & Gas industry median of 0.47. Saipem SpA's overall GF Score™ is 46/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Saipem SpA (CHIX:SPMM), the current Debt-to-Equity is 0.47 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 (CHIX:SPMM) Overvalued in 2026?
Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued.
The current stock price of €4.34 is trading 74.9% above its estimated GF Value™ of €2.48.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for CHIX:SPMM:
Debt-to-Equity: 0.47 (47% below median its 10-year median of 0.88)
GF Value™: €2.48 vs. price of €4.34 (74.9% above fair value)
Industry Position: 1.1% above the Oil & Gas median (#399 of 796)
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.
46GF Score
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