SBM Offshore NVSBFFF 78 Gross Margin % is 38.20% as of Dec. 2025, which is 36% above its 10-year median of 28.08. GuruFocus rates SBFFF with a GF Score™ of 78/100 and a GF Value™ of $22.50 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 867 Oil & Gas companies, SBM Offshore NV ranks better than 62.51% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
SBM Offshore NV had a gross margin of 38.20% for the quarter that ended in Dec. 2025 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
SBM Offshore NV Gross Margin % Related Terms
SBM Offshore NV Gross Margin % Historical Data
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The historical data trend for SBM Offshore NV's Gross Margin % 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, SBM Offshore NV's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.
SBM Offshore NV Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SBM Offshore NV's Gross Margin % distribution charts can be found below:
* The bar in red indicates where SBM Offshore NV's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
SBM Offshore NV (SBFFF) has a Gross Margin % of 38.20% as of Dec. 2025. Gross margin is the ratio of total gross profit to net sales. View historical data on SBM Offshore NV and its competitors. This is 36% above median its historical median of 28.08. Over the past decade, SBM Offshore NV's Gross Margin % has ranged from 23.66 to 42.88. According to the industry distribution chart, SBM Offshore NV ranks #325 out of 867 companies in the Oil & Gas industry, placing it in the top 37.5%.
Is SBM Offshore NV's Gross Margin % too high?
SBM Offshore NV's current Gross Margin % of 38.20% is 36% above median its 10-year median of 28.08. Over the past 10 years, this metric has ranged from a low of 23.66 to a high of 42.88. The Oil & Gas industry median Gross Margin % is 25.70. SBM Offshore NV's value of 38.20% is 48.6% above this industry median. Based on the distribution chart, SBM Offshore NV ranks #325 out of 867 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, SBM Offshore NV has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBM Offshore NV's Gross Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, SBM Offshore NV ranks #325 out of 867 companies for Gross Margin %. This puts SBM Offshore NV in the upper half of its industry. The industry median Gross Margin % is 25.70. SBM Offshore NV's value of 38.20% is 48.6% above this benchmark. Historically, SBM Offshore NV's own Gross Margin % has ranged from 23.66 to 42.88 over the past decade. While the company's 10-year median is 28.08 vs. the industry median of 25.70, SBM Offshore NV 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 Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBM Offshore NV's current Gross Margin % of 38.20% is 48.6% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on SBM Offshore NV and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBM Offshore NV's current Gross Margin % is 38.20%, which is 36% above median its own 10-year median of 28.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBM Offshore NV stock overvalued right now?
Based on GuruFocus' analysis, SBM Offshore NV (SBFFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.50, compared to a current price of $38.00 — trading 68.9% above its estimated fair value. The current Gross Margin % is 38.20%, which is 36% above median its 10-year median of 28.08 and 48.6% above the Oil & Gas industry median of 25.70. SBM Offshore NV's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For SBM Offshore NV (SBFFF), the current Gross Margin % is 38.20% as of Dec. 2025. 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 SBM Offshore NV (SBFFF) Overvalued in 2026?
Based on GuruFocus' analysis, SBM Offshore NV stock appears to be overvalued.
The current stock price of $38.00 is trading 68.9% above its estimated GF Value™ of $22.50.
GuruFocus considers SBM Offshore NV to be Significantly Overvalued.
Key valuation signals for SBFFF:
Gross Margin %: 38.20% (36% above median its 10-year median of 28.08)
GF Value™: $22.50 vs. price of $38.00 (68.9% above fair value)
Industry Position: 48.6% above the Oil & Gas median (#325 of 867)
No single metric tells the full story. See the SBFFF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBM Offshore NV provides floating production solutions to the offshore energy industry both in hydrocarbon and renewable markets. Its main activities are the design, supply, installation, operation, and life extension of Floating Production Storage and Offloading (FPSO) vessels. The company is also working on floating offshore wind, wave energy, and research and development of products for future energy markets. It has dedicated product lines to provide specific floating equipment and products such as Turret Mooring Systems (TMS) and offshore (off)loading Terminals. The company has two segments: Lease and Operate segment includes all earned day rates on operating lease and operate contracts, and the turnkey segment includes revenues from Turnkey supply contracts and after-sales services.
78GF Score
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