Saipem SpA (CHIX:SPMM) Goodwill-to-Asset: 0.14 (As of Mar. 2026)

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CHIX:SPMM Saipem SpA CHIX:SPMM
56 GF Score
Price €4.27
GF Value €2.49
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Saipem SpA Goodwill-to-Asset?

Saipem SpA CHIX:SPMM +4.73% 56 Goodwill-to-Asset is 0.14 as of Mar. 2026. GuruFocus rates CHIX:SPMM with a GF Score™ of 56/100 and a GF Value™ of €2.49 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. Saipem SpA's Goodwill for the quarter that ended in Mar. 2026 was €641 Mil. Saipem SpA's Total Assets for the quarter that ended in Mar. 2026 was €4,501 Mil. Therefore, Saipem SpA's Goodwill to Asset Ratio for the quarter that ended in Mar. 2026 was 0.14.


Saipem SpA  (CHIX:SPMm) Goodwill-to-Asset Explanation

If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.

Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.

Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.


Saipem SpA Goodwill-to-Asset Related Terms


Saipem SpA Goodwill-to-Asset Historical Data

* Premium members only.

The historical data trend for Saipem SpA's Goodwill-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.

Saipem SpA Goodwill-to-Asset Chart

Saipem SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Goodwill-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.06 0.05 0.05 0.04 0.04

Saipem SpA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Dec22 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Goodwill-to-Asset 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 0.05 0.00 0.04 0.14 0.00

CHIX:SPMM vs SLB, BKR, FTI: Goodwill-to-Asset Comparison

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

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

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


CHIX:SPMM
56GF Score
Saipem SpA CHIX:SPMM
Goodwill-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
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Saipem SpA Goodwill-to-Asset Calculation

Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.

It is calculated by dividing goodwill by total assets.

Saipem SpA's Goodwill to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Goodwill to Asset (A: Dec. 2025 )=Goodwill/Total Assets
=641/14441
=0.04

Saipem SpA's Goodwill to Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

Goodwill to Asset (Q: Mar. 2026 )=Goodwill/Total Assets
=641/4501
=0.14

* 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 Goodwill-to-Asset →
What does a Goodwill-to-Asset of 0.14 mean?
Saipem SpA (CHIX:SPMM) has a Goodwill-to-Asset of 0.14 as of Mar. 2026. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Saipem SpA and its competitors.
Is Saipem SpA's Goodwill-to-Asset too high?
Saipem SpA's current Goodwill-to-Asset is 0.14. 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 Goodwill-to-Asset compare to SLB and BKR?
Saipem SpA's Goodwill-to-Asset of 0.14 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 Goodwill-to-Asset for an Oil & Gas company?
A good Goodwill-to-Asset depends on the Oil & Gas industry context. However, Goodwill-to-Asset 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 Goodwill-to-Asset mean?
A high Goodwill-to-Asset can signal that a stock is expensive relative to its fundamentals. Goodwill-to-Asset Ratio is the total goodwill from acquisitions divided by total assets. View historical data on Saipem SpA and its competitors. Saipem SpA's current Goodwill-to-Asset is 0.14. 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 €2.49, compared to a current price of €4.27 — trading 71.6% above its estimated fair value. The current Goodwill-to-Asset is 0.14. 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 Goodwill-to-Asset calculated?
Goodwill-to-Asset is calculated from a company's financial statements. For Saipem SpA (CHIX:SPMM), the current Goodwill-to-Asset is 0.14 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 €4.27 is trading 71.6% above its estimated GF Value™ of €2.49. GuruFocus considers Saipem SpA to be Significantly Overvalued.

Key valuation signals for CHIX:SPMM:

  • Goodwill-to-Asset: 0.14
  • GF Value™: €2.49 vs. price of €4.27 (71.6% above fair value)
  • GF Score™: 56/100 with 4 warning signs

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 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.
56GF Score

Get the complete analysis for CHIX:SPMM

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

€4.27
Price
€2.49
GF Value