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Saipem SpACHIX:SPMM +0.84%46 Earnings Yield (Joel Greenblatt) % is 7.69% as of Mar. 2026. GuruFocus rates CHIX:SPMM with a GF Score™ of 46/100 and a GF Value™ of €2.47 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,032 Oil & Gas companies, Saipem SpA ranks better than 61.63% on this metric.
Saipem SpA's Enterprise Value for the quarter that ended in Mar. 2026 was €8,777 Mil.
Saipem SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €678 Mil. Saipem SpA's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 7.69%.
The historical rank and industry rank for Saipem SpA's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
CHIX:SPMm'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -83.69 Med: -2.82 Max: 16.76
Current: 6.94
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Saipem SpA was 16.76%. The lowest was -83.69%. And the median was -2.82%.
CHIX:SPMm's Earnings Yield (Joel Greenblatt) % is ranked better than 61.63% of 1032
companies
in the Oil & Gas industry
Industry Median: 4.795
vs CHIX:SPMm: 6.94
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Saipem SpA's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Saipem SpA Earnings Yield (Joel Greenblatt) % Related Terms
Saipem SpA Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Saipem SpA's Earnings Yield (Joel Greenblatt) % 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.
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Saipem SpAs Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Saipem SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €678 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 7.69% mean?
Saipem SpA (CHIX:SPMM) has a Earnings Yield (Joel Greenblatt) % of 7.69% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Saipem SpA and its competitors. According to the industry distribution chart, Saipem SpA ranks #396 out of 1032 companies in the Oil & Gas industry, placing it in the top 38.4%.
Is Saipem SpA's Earnings Yield (Joel Greenblatt) % too high?
Saipem SpA's current Earnings Yield (Joel Greenblatt) % is 7.69%. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 4.80. Saipem SpA's value of 7.69% is 60.4% above this industry median. Based on the distribution chart, Saipem SpA ranks #396 out of 1032 companies in the Oil & Gas industry, which is above 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 Earnings Yield (Joel Greenblatt) % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #396 out of 1032 companies for Earnings Yield (Joel Greenblatt) %. This puts Saipem SpA in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 4.80. Saipem SpA's value of 7.69% is 60.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 4.80, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current Earnings Yield (Joel Greenblatt) % of 7.69% is 60.4% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 4.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current Earnings Yield (Joel Greenblatt) % is 7.69%. 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 €2.47, compared to a current price of €4.37 — trading 77.1% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 7.69% and 60.4% above the Oil & Gas industry median of 4.80. Saipem SpA's overall GF Score™ is 46/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Saipem SpA (CHIX:SPMM), the current Earnings Yield (Joel Greenblatt) % is 7.69% 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 €4.37 is trading 77.1% above its estimated GF Value™ of €2.47.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for CHIX:SPMM:
Earnings Yield (Joel Greenblatt) %: 7.69%
GF Value™: €2.47 vs. price of €4.37 (77.1% above fair value)
Industry Position: 60.4% above the Oil & Gas median (#396 of 1032)
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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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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