SAPMY (Saipem SpA) EBIT: $372 Mil (TTM As of Jun. 2026)

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SAPMY Saipem SpA SAPMY
38 GF Score
Price $0.97
GF Value $0.76
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Saipem SpA EBIT?

Saipem SpA SAPMY +2.11% 38 EBIT is $372 Mil as of Jun. 2026. GuruFocus rates SAPMY with a GF Score™ of 38/100 and a GF Value™ of $0.76 (Modestly Overvalued). The stock has 8 warning signs investors should review.

Saipem SpA's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2026 was $308 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2026 was $372 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Saipem SpA's annualized ROC % for the quarter that ended in Jun. 2026 was 2.17%. Saipem SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 14.20%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Saipem SpA's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 3.66%.


Saipem SpA  (OTCPK:SAPMY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Saipem SpA's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=531.92074807346 * ( 1 - 50% )/( (11987.61115 + 12519.135)/ 2 )
=265.96037403673/12253.373075
=2.17 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17163.4123 - 4319.6271 - ( 2761.13195 - max(0, 9857.15885 - 10713.3329+2761.13195))
=11987.61115

Invested Capital(Q: Jun. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=17191.8021 - 4205.0574 - ( 2671.8921 - max(0, 10639.5498 - 11107.1595+2671.8921))
=12519.135

Note: The Operating Income data used here is two times the semi-annual (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Saipem SpA's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=615.90823461138/( ( (4633.20525 + max(-2077.60205, 0)) + (4043.8521 + max(-2602.1508, 0)) )/ 2 )
=615.90823461138/( ( 4633.20525 + 4043.8521 )/ 2 )
=615.90823461138/4338.528675
=14.20 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3174.53835 + 2602.5812 + 813.89385) - (4319.6271 + 3801.69465 + 547.2937)
=-2077.60205

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3556.8063 + 2666.1756 + 648.2511) - (4205.0574 + 4597.2093 + 671.1171)
=-2602.1508

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Jun. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Saipem SpA's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2026 )
=372.044/10161.117
=3.66 %

* 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 EBIT Related Terms


Saipem SpA EBIT Historical Data

* Premium members only.

The historical data trend for Saipem SpA's EBIT 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 EBIT Chart

Saipem SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2,641.73 78.82 446.50 823.17 783.23

Saipem SpA Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 Jun26
EBIT 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 322.10 501.20 344.04 442.01 307.95

SAPMY vs SLB, BKR, HAL: EBIT Comparison

For the Oil & Gas Equipment & Services subindustry, Saipem SpA's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saipem SpA's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Saipem SpA's EV-to-EBIT falls into.


SAPMY
38GF Score
Saipem SpA SAPMY
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Saipem SpA EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was $372 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $372 Mil mean?
Saipem SpA (SAPMY) has a EBIT of $372 Mil as of Jun. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Saipem SpA.
Is Saipem SpA's EBIT too high?
Saipem SpA's current EBIT is $372 Mil. Overall, Saipem SpA has a GF Score™ of 38/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's EBIT compare to SLB and BKR?
Saipem SpA's EBIT of $372 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 EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Saipem SpA. Saipem SpA's current EBIT is $372 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 (SAPMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $0.76, compared to a current price of $0.97 — trading 27.6% above its estimated fair value. The current EBIT is $372 Mil. Saipem SpA's overall GF Score™ is 38/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Saipem SpA (SAPMY), the current EBIT is $372 Mil 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 (SAPMY) Overvalued in 2026?

Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued. The current stock price of $0.97 is trading 27.6% above its estimated GF Value™ of $0.76. GuruFocus considers Saipem SpA to be Modestly Overvalued.

Key valuation signals for SAPMY:

  • EBIT: $372 Mil
  • GF Value™: $0.76 vs. price of $0.97 (27.6% above fair value)
  • GF Score™: 38/100 with 8 warning signs

No single metric tells the full story. See the SAPMY 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.
38GF Score

Get the complete analysis for SAPMY

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

$0.97
Price
$0.76
GF Value