Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Saipem SpA's Enterprise Value is €9,994 Mil.
Saipem SpA's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €678 Mil. Therefore, Saipem SpA's EV-to-EBIT ratio for today is 14.74.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Saipem SpA's Enterprise Value is €9,994 Mil.
Saipem SpA's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,744 Mil. Therefore, Saipem SpA's EV-to-EBITDA ratio for today is 5.73.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Saipem SpA's Enterprise Value is €9,994 Mil.
Saipem SpA's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €15,514 Mil. Therefore, Saipem SpA's EV-to-Revenue ratio for today is 0.64.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Saipem SpA's Enterprise Value is €9,994 Mil.
Saipem SpA's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1,198 Mil. Therefore, Saipem SpA's EV-to-FCF ratio for today is 8.34.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Saipem SpA (WBO:SPM3) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Saipem SpA's current Enterprise Value is €9,994 Mil.
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.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Saipem SpA's current Enterprise Value is €9,994 Mil.
Saipem SpA's EBITDA 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 €1,744 Mil.
Saipem SpA's current Enterprise Value is €9,994 Mil.
Saipem SpA's Revenue 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 €15,514 Mil.
Saipem SpA's current Enterprise Value is €9,994 Mil.
Saipem SpA's Cash Flow from Operations 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 €1,501 Mil.
Saipem SpA's current Enterprise Value is €9,994 Mil.
Saipem SpA's Free Cash Flow 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 €1,198 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.
Saipem SpA Enterprise Value Related Terms
Saipem SpA Enterprise Value Historical Data
* Premium members only.
The historical data trend for Saipem SpA's Enterprise Value 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: Enterprise Value Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Saipem SpA's Enterprise Value 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 Enterprise Value of €9,994 Mil as of Jun. 24, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Saipem SpA and its competitors.
Is Saipem SpA's Enterprise Value too high?
Saipem SpA's current Enterprise Value is €9,994 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 Enterprise Value compare to SLB and BKR?
Saipem SpA's Enterprise Value of €9,994 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 Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Saipem SpA and its competitors. Saipem SpA's current Enterprise Value is €9,994 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 Enterprise Value is €9,994 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Saipem SpA (WBO:SPM3), the current Enterprise Value is €9,994 Mil as of Jun. 24, 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:
Enterprise Value: €9,994 Mil
GF Value™: €2.49 vs. price of €4.55 (82.8% above fair value)
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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