SBM Offshore NVSBFFF 78 Pretax Margin % is 24.65% as of Dec. 2025, which is 93% above its 10-year median of 12.77. GuruFocus rates SBFFF with a GF Score™ of 78/100 and a GF Value™ of $26.04 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 916 Oil & Gas companies, SBM Offshore NV ranks better than 78.38% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
SBM Offshore NV Pretax Margin % Related Terms
SBM Offshore NV Pretax Margin % Historical Data
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The historical data trend for SBM Offshore NV's Pretax 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.
SBFFF vs SLB, BKR, HAL: Pretax Margin % Comparison
For the Oil & Gas Equipment & Services subindustry, SBM Offshore NV's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SBM Offshore NV's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where SBM Offshore NV's Pretax 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.
SBM Offshore NV (SBFFF) has a Pretax Margin % of 24.65% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on SBM Offshore NV and its competitors. This is 93% above median its historical median of 12.77. Over the past decade, SBM Offshore NV's Pretax Margin % has ranged from 1.34 to 20.77. According to the industry distribution chart, SBM Offshore NV ranks #198 out of 916 companies in the Oil & Gas industry, placing it in the top 21.6%.
Is SBM Offshore NV's Pretax Margin % too high?
SBM Offshore NV's current Pretax Margin % of 24.65% is 93% above median its 10-year median of 12.77. Over the past 10 years, this metric has ranged from a low of 1.34 to a high of 20.77. The Oil & Gas industry median Pretax Margin % is 5.17. SBM Offshore NV's value of 24.65% is 377.3% above this industry median. Based on the distribution chart, SBM Offshore NV ranks #198 out of 916 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 Pretax Margin % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, SBM Offshore NV ranks #198 out of 916 companies for Pretax Margin %. This places SBM Offshore NV in the top 22% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.17. SBM Offshore NV's value of 24.65% is 377.3% above this benchmark. Historically, SBM Offshore NV's own Pretax Margin % has ranged from 1.34 to 20.77 over the past decade. While the company's 10-year median is 12.77 vs. the industry median of 5.17, 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBM Offshore NV's current Pretax Margin % of 24.65% is 377.3% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on SBM Offshore NV and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBM Offshore NV's current Pretax Margin % is 24.65%, which is 93% above median its own 10-year median of 12.77. 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 $26.04, compared to a current price of $38.00 — trading 45.9% above its estimated fair value. The current Pretax Margin % is 24.65%, which is 93% above median its 10-year median of 12.77 and 377.3% above the Oil & Gas industry median of 5.17. SBM Offshore NV's overall GF Score™ is 78/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For SBM Offshore NV (SBFFF), the current Pretax Margin % is 24.65% 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 45.9% above its estimated GF Value™ of $26.04.
GuruFocus considers SBM Offshore NV to be Significantly Overvalued.
Key valuation signals for SBFFF:
Pretax Margin %: 24.65% (93% above median its 10-year median of 12.77)
GF Value™: $26.04 vs. price of $38.00 (45.9% above fair value)
Industry Position: 377.3% above the Oil & Gas median (#198 of 916)
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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