SBM Offshore NVSBFFF 78 Return-on-Tangible-Asset is 6.75% as of Dec. 2025, which is 169% above its 10-year median of 2.51. GuruFocus rates SBFFF with a GF Score™ of 78/100 and a GF Value™ of $22.68 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,024 Oil & Gas companies, SBM Offshore NV ranks better than 68.36% on this metric.
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. SBM Offshore NV's annualizedNet Income for the quarter that ended in Dec. 2025 was $1,200 Mil. SBM Offshore NV's average total tangible assets for the quarter that ended in Dec. 2025 was $17,782 Mil. Therefore, SBM Offshore NV's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2025 was 6.75%.
The historical rank and industry rank for SBM Offshore NV's Return-on-Tangible-Asset or its related term are showing as below:
SBFFF'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -1.3 Med: 2.51 Max: 5.07
Current: 5.07
During the past 13 years, SBM Offshore NV's highest Return-on-Tangible-Asset was 5.07%. The lowest was -1.30%. And the median was 2.51%.
SBFFF's Return-on-Tangible-Asset is ranked better than 68.36% of 1024
companies
in the Oil & Gas industry
Industry Median: 2.08
vs SBFFF: 5.07
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
SBM Offshore NV Return-on-Tangible-Asset Related Terms
SBM Offshore NV Return-on-Tangible-Asset Historical Data
* Premium members only.
The historical data trend for SBM Offshore NV's Return-on-Tangible-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.
SBFFF vs SLB, BKR, HAL: Return-on-Tangible-Asset Comparison
For the Oil & Gas Equipment & Services subindustry, SBM Offshore NV's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-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.
SBM Offshore NV Return-on-Tangible-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SBM Offshore NV's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SBM Offshore NV's Return-on-Tangible-Asset 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is two times the semi-annual (Dec. 2025) net income data.
What does a Return-on-Tangible-Asset of 6.75% mean?
SBM Offshore NV (SBFFF) has a Return-on-Tangible-Asset of 6.75% as of Dec. 2025. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on SBM Offshore NV and its competitors. This is 169% above median its historical median of 2.51. According to the industry distribution chart, SBM Offshore NV ranks #324 out of 1024 companies in the Oil & Gas industry, placing it in the top 31.6%.
Is SBM Offshore NV's Return-on-Tangible-Asset too high?
SBM Offshore NV's current Return-on-Tangible-Asset of 6.75% is 169% above median its 10-year median of 2.51. The Oil & Gas industry median Return-on-Tangible-Asset is 2.08. SBM Offshore NV's value of 6.75% is 224.5% above this industry median. Based on the distribution chart, SBM Offshore NV ranks #324 out of 1024 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 Return-on-Tangible-Asset compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, SBM Offshore NV ranks #324 out of 1024 companies for Return-on-Tangible-Asset. This puts SBM Offshore NV in the upper half of its industry. The industry median Return-on-Tangible-Asset is 2.08. SBM Offshore NV's value of 6.75% is 224.5% above this benchmark. While the company's 10-year median is 2.51 vs. the industry median of 2.08, 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 Return-on-Tangible-Asset for an Oil & Gas company?
The median Return-on-Tangible-Asset among Oil & Gas companies is 2.08, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Asset significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SBM Offshore NV's current Return-on-Tangible-Asset of 6.75% is 224.5% 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 Return-on-Tangible-Asset mean?
A high Return-on-Tangible-Asset can signal that a stock is expensive relative to its fundamentals. Return on tangible assets is the ratio of current-period net income to average two-period tangible assets. View historical data on SBM Offshore NV and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Asset is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBM Offshore NV's current Return-on-Tangible-Asset is 6.75%, which is 169% above median its own 10-year median of 2.51. 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 $22.68, compared to a current price of $38.00 — trading 67.5% above its estimated fair value. The current Return-on-Tangible-Asset is 6.75%, which is 169% above median its 10-year median of 2.51 and 224.5% above the Oil & Gas industry median of 2.08. 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 Return-on-Tangible-Asset calculated?
Return-on-Tangible-Asset is calculated from a company's financial statements. For SBM Offshore NV (SBFFF), the current Return-on-Tangible-Asset is 6.75% 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 67.5% above its estimated GF Value™ of $22.68.
GuruFocus considers SBM Offshore NV to be Significantly Overvalued.
Key valuation signals for SBFFF:
Return-on-Tangible-Asset: 6.75% (169% above median its 10-year median of 2.51)
GF Value™: $22.68 vs. price of $38.00 (67.5% above fair value)
Industry Position: 224.5% above the Oil & Gas median (#324 of 1024)
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
Get the complete analysis for SBFFF
Return-on-Tangible-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SBFFF has been successfully added to your 
