Saipem SpAMIL:SPM -5.18%53 EV-to-FCF is 7.78 as of Jun. 27, 2026, which is 9% above its 10-year median of 7.13. GuruFocus rates MIL:SPM with a GF Score™ of 53/100 and a GF Value™ of €2.47 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 576 Oil & Gas companies, Saipem SpA ranks better than 74.13% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Saipem SpA's Enterprise Value is €9,317 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 for today is 7.78.
The historical rank and industry rank for Saipem SpA's EV-to-FCF or its related term are showing as below:
MIL:SPM'
s EV-to-FCF Range Over the Past 10 Years
Min: -30.48 Med: 7.13 Max: 188.55
Current: 7.78
During the past 13 years, the highest EV-to-FCF of Saipem SpA was 188.55. The lowest was -30.48. And the median was 7.13.
MIL:SPM's EV-to-FCF is ranked better than 74.13% of 576
companies
in the Oil & Gas industry
Industry Median: 15.705
vs MIL:SPM: 7.78
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Saipem SpA's share price for today is €4.174.
Saipem SpA's Earnings per Share (Diluted) 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 €0.151.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Saipem SpA EV-to-FCF Related Terms
Saipem SpA EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Saipem SpA's EV-to-FCF 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 EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Saipem SpA's EV-to-FCF falls into.
Saipem SpA's current Enterprise Value is €9,317 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 (MIL:SPM) has a EV-to-FCF of 7.78 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Saipem SpA and its competitors. This is near median its historical median of 7.13. According to the industry distribution chart, Saipem SpA ranks #149 out of 576 companies in the Oil & Gas industry, placing it in the top 25.9%.
Is Saipem SpA's EV-to-FCF too high?
Saipem SpA's current EV-to-FCF of 7.78 is near median its 10-year median of 7.13. The Oil & Gas industry median EV-to-FCF is 15.71. Saipem SpA's value of 7.78 is 50.5% below this industry median. Based on the distribution chart, Saipem SpA ranks #149 out of 576 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Saipem SpA has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's EV-to-FCF compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #149 out of 576 companies for EV-to-FCF. This puts Saipem SpA in the upper half of its industry. The industry median EV-to-FCF is 15.71. Saipem SpA's value of 7.78 is 50.5% below this benchmark. While the company's 10-year median is 7.13 vs. the industry median of 15.71, Saipem SpA has consistently been below 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.71, based on 576 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current EV-to-FCF of 7.78 is 50.5% below 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current EV-to-FCF is 7.78, which is near median its own 10-year median of 7.13. 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 (MIL:SPM) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.47, compared to a current price of €4.17 — trading 69% above its estimated fair value. The current EV-to-FCF is 7.78, which is near median its 10-year median of 7.13 and 50.5% below the Oil & Gas industry median of 15.71. Saipem SpA's overall GF Score™ is 53/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Saipem SpA (MIL:SPM), the current EV-to-FCF is 7.78 as of Jun. 27, 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 (MIL:SPM) Overvalued in 2026?
Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued.
The current stock price of €4.17 is trading 69% above its estimated GF Value™ of €2.47.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for MIL:SPM:
EV-to-FCF: 7.78 (near median its 10-year median of 7.13)
GF Value™: €2.47 vs. price of €4.17 (69% above fair value)
Industry Position: 50.5% below the Oil & Gas median (#149 of 576)
No single metric tells the full story. See the MIL:SPM 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.
53GF Score
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