SBM Offshore NVSBFFF 77 Return-on-Tangible-Equity is 30.16% as of Dec. 2025, which is 169% above its 10-year median of 11.20. GuruFocus rates SBFFF with a GF Score™ of 77/100 and a GF Value™ of $26.85 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 944 Oil & Gas companies, SBM Offshore NV ranks better than 82.94% 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. SBM Offshore NV's annualized net income for the quarter that ended in Dec. 2025 was $1,200 Mil. SBM Offshore NV's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $3,979 Mil. Therefore, SBM Offshore NV's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was 30.16%.
The historical rank and industry rank for SBM Offshore NV's Return-on-Tangible-Equity or its related term are showing as below:
SBFFF'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -5.93 Med: 11.2 Max: 23.44
Current: 23.44
During the past 13 years, SBM Offshore NV's highest Return-on-Tangible-Equity was 23.44%. The lowest was -5.93%. And the median was 11.20%.
SBFFF's Return-on-Tangible-Equity is ranked better than 82.94% of 944
companies
in the Oil & Gas industry
Industry Median: 6.73
vs SBFFF: 23.44
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.
SBM Offshore NV Return-on-Tangible-Equity Related Terms
SBM Offshore NV Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for SBM Offshore NV'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.
SBFFF vs SLB, BKR, HAL: Return-on-Tangible-Equity Comparison
For the Oil & Gas Equipment & Services subindustry, SBM Offshore NV'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.
SBM Offshore NV Return-on-Tangible-Equity vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SBM Offshore NV's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where SBM Offshore NV'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 two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 30.16% mean?
SBM Offshore NV (SBFFF) has a Return-on-Tangible-Equity of 30.16% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on SBM Offshore NV and its competitors. This is 169% above median its historical median of 11.20. According to the industry distribution chart, SBM Offshore NV ranks #161 out of 944 companies in the Oil & Gas industry, placing it in the top 17.1%.
Is SBM Offshore NV's Return-on-Tangible-Equity too high?
SBM Offshore NV's current Return-on-Tangible-Equity of 30.16% is 169% above median its 10-year median of 11.20. The Oil & Gas industry median Return-on-Tangible-Equity is 6.73. SBM Offshore NV's value of 30.16% is 348.1% above this industry median. Based on the distribution chart, SBM Offshore NV ranks #161 out of 944 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 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SBM Offshore NV's Return-on-Tangible-Equity compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, SBM Offshore NV ranks #161 out of 944 companies for Return-on-Tangible-Equity. This places SBM Offshore NV in the top 17% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 6.73. SBM Offshore NV's value of 30.16% is 348.1% above this benchmark. While the company's 10-year median is 11.20 vs. the industry median of 6.73, 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-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 6.73, based on 944 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. SBM Offshore NV's current Return-on-Tangible-Equity of 30.16% is 348.1% 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 SBM Offshore NV and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 6.73 — 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-Equity is 30.16%, which is 169% above median its own 10-year median of 11.20. 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 $26.85, compared to a current price of $38.00 — trading 41.5% above its estimated fair value. The current Return-on-Tangible-Equity is 30.16%, which is 169% above median its 10-year median of 11.20 and 348.1% above the Oil & Gas industry median of 6.73. SBM Offshore NV's overall GF Score™ is 77/100 with 2 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 SBM Offshore NV (SBFFF), the current Return-on-Tangible-Equity is 30.16% 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 41.5% above its estimated GF Value™ of $26.85.
GuruFocus considers SBM Offshore NV to be Significantly Overvalued.
Key valuation signals for SBFFF:
Return-on-Tangible-Equity: 30.16% (169% above median its 10-year median of 11.20)
GF Value™: $26.85 vs. price of $38.00 (41.5% above fair value)
Industry Position: 348.1% above the Oil & Gas median (#161 of 944)
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.
77GF Score
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