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Saipem SpACHIX:SPMM 56 Equity-to-Asset is 0.59 as of Mar. 2026, which is 90% above its 10-year median of 0.31. GuruFocus rates CHIX:SPMM with a GF Score™ of 56/100 and a GF Value™ of €2.44 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,027 Oil & Gas companies, Saipem SpA ranks better than 63.68% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Saipem SpA's Total Stockholders Equity for the quarter that ended in Mar. 2026 was €2,664 Mil. Saipem SpA's Total Assets for the quarter that ended in Mar. 2026 was €4,501 Mil.
Therefore, Saipem SpA's Equity to Asset Ratio for the quarter that ended in Mar. 2026 was 0.59.
The historical rank and industry rank for Saipem SpA's Equity-to-Asset or its related term are showing as below:
CHIX:SPMm'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.03 Med: 0.31 Max: 0.71
Current: 0.59
During the past 13 years, the highest Equity to Asset Ratio of Saipem SpA was 0.71. The lowest was 0.03. And the median was 0.31.
CHIX:SPMm's Equity-to-Asset is ranked better than 63.68% of 1027
companies
in the Oil & Gas industry
Industry Median: 0.49
vs CHIX:SPMm: 0.59
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Saipem SpA Equity-to-Asset Related Terms
Saipem SpA Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Saipem SpA's Equity-to-Asset 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, FTI: Equity-to-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Saipem SpA's Equity to Asset Ratio 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 (CHIX:SPMM) has a Equity-to-Asset of 0.59 as of Mar. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Saipem SpA and its competitors. This is 90% above median its historical median of 0.31. Over the past decade, Saipem SpA's Equity-to-Asset has ranged from 0.03 to 0.71. According to the industry distribution chart, Saipem SpA ranks #373 out of 1027 companies in the Oil & Gas industry, placing it in the top 36.3%.
Is Saipem SpA's Equity-to-Asset too high?
Saipem SpA's current Equity-to-Asset of 0.59 is 90% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.71. The Oil & Gas industry median Equity-to-Asset is 0.49. Saipem SpA's value of 0.59 is 20.4% above this industry median. Based on the distribution chart, Saipem SpA ranks #373 out of 1027 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Saipem SpA has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's Equity-to-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #373 out of 1027 companies for Equity-to-Asset. This puts Saipem SpA in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Saipem SpA's value of 0.59 is 20.4% above this benchmark. Historically, Saipem SpA's own Equity-to-Asset has ranged from 0.03 to 0.71 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.49, 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,027 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current Equity-to-Asset of 0.59 is 20.4% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current Equity-to-Asset is 0.59, which is 90% above median its own 10-year median of 0.31. 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 €2.44, compared to a current price of €4.08 — trading 67.3% above its estimated fair value. The current Equity-to-Asset is 0.59, which is 90% above median its 10-year median of 0.31 and 20.4% above the Oil & Gas industry median of 0.49. Saipem SpA's overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Saipem SpA (CHIX:SPMM), the current Equity-to-Asset is 0.59 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 €4.08 is trading 67.3% above its estimated GF Value™ of €2.44.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for CHIX:SPMM:
Equity-to-Asset: 0.59 (90% above median its 10-year median of 0.31)
GF Value™: €2.44 vs. price of €4.08 (67.3% above fair value)
Industry Position: 20.4% above the Oil & Gas median (#373 of 1027)
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.
56GF Score
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