Saipem SpASAPMF +1.37%57 Return-on-Tangible-Equity is 15.72% as of Mar. 2026. GuruFocus rates SAPMF with a GF Score™ of 57/100 and a GF Value™ of $2.91 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 945 Oil & Gas companies, Saipem SpA ranks better than 80.63% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Saipem SpA's annualized net income for the quarter that ended in Mar. 2026 was $361 Mil. Saipem SpA's average shareholder tangible equity for the quarter that ended in Mar. 2026 was $2,294 Mil. Therefore, Saipem SpA's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 15.72%.
The historical rank and industry rank for Saipem SpA's Return-on-Tangible-Equity or its related term are showing as below:
SAPMF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -266.85 Med: -10.83 Max: 21.65
Current: 21.65
During the past 13 years, Saipem SpA's highest Return-on-Tangible-Equity was 21.65%. The lowest was -266.85%. And the median was -10.83%.
SAPMF's Return-on-Tangible-Equity is ranked better than 80.63% of 945
companies
in the Oil & Gas industry
Industry Median: 6.74
vs SAPMF: 21.65
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Saipem SpA Return-on-Tangible-Equity Related Terms
Saipem SpA Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Saipem SpA's Return-on-Tangible-Equity 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.
SAPMF vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, Saipem SpA's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Saipem SpA's Return-on-Tangible-Equity 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-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 15.72% mean?
Saipem SpA (SAPMF) has a Return-on-Tangible-Equity of 15.72% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Saipem SpA and its competitors. According to the industry distribution chart, Saipem SpA ranks #183 out of 945 companies in the Oil & Gas industry, placing it in the top 19.4%.
Is Saipem SpA's Return-on-Tangible-Equity too high?
Saipem SpA's current Return-on-Tangible-Equity is 15.72%. The Oil & Gas industry median Return-on-Tangible-Equity is 6.74. Saipem SpA's value of 15.72% is 133.2% above this industry median. Based on the distribution chart, Saipem SpA ranks #183 out of 945 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Saipem SpA has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #183 out of 945 companies for Return-on-Tangible-Equity. This places Saipem SpA in the top 19% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.74. Saipem SpA's value of 15.72% is 133.2% above this benchmark. 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-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.74, based on 945 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current Return-on-Tangible-Equity of 15.72% is 133.2% 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-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current Return-on-Tangible-Equity is 15.72%. 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 (SAPMF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.91, compared to a current price of $4.89 — trading 68% above its estimated fair value. The current Return-on-Tangible-Equity is 15.72% and 133.2% above the Oil & Gas industry median of 6.74. Saipem SpA's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Saipem SpA (SAPMF), the current Return-on-Tangible-Equity is 15.72% 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 (SAPMF) Overvalued in 2026?
Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued.
The current stock price of $4.89 is trading 68% above its estimated GF Value™ of $2.91.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for SAPMF:
Return-on-Tangible-Equity: 15.72%
GF Value™: $2.91 vs. price of $4.89 (68% above fair value)
Industry Position: 133.2% above the Oil & Gas median (#183 of 945)
No single metric tells the full story. See the SAPMF 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.
57GF Score
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