ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Saipem SpA's annualized net income for the quarter that ended in Mar. 2026 was €312 Mil. Saipem SpA's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €2,651 Mil. Therefore, Saipem SpA's annualized ROE % for the quarter that ended in Mar. 2026 was 11.77%.
The historical rank and industry rank for Saipem SpA's ROE % or its related term are showing as below:
WBO:SPM3'
s ROE % Range Over the Past 10 Years
Min: -151.86 Med: -9.02 Max: 12.44
Current: 11.8
During the past 13 years, Saipem SpA's highest ROE % was 12.44%. The lowest was -151.86%. And the median was -9.02%.
WBO:SPM3's ROE % is ranked better than 68.44% of 957
companies
in the Oil & Gas industry
Industry Median: 5.74
vs WBO:SPM3: 11.80
Saipem SpA (WBO:SPM3) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % 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 ROE %s can be extremely high.
Saipem SpA ROE % Related Terms
Saipem SpA ROE % Historical Data
* Premium members only.
The historical data trend for Saipem SpA's ROE % 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, Saipem SpA's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Saipem SpA's ROE % distribution charts can be found below:
* The bar in red indicates where Saipem SpA's ROE % 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 ROE %, the net income of the last fiscal year and the average total shareholder 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.
ROE % is displayed in the 30-year financial page.
Saipem SpA (WBO:SPM3) has a ROE % of 11.77% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Saipem SpA and its competitors. According to the industry distribution chart, Saipem SpA ranks #302 out of 957 companies in the Oil & Gas industry, placing it in the top 31.6%.
Is Saipem SpA's ROE % too high?
Saipem SpA's current ROE % is 11.77%. The Oil & Gas industry median ROE % is 5.74. Saipem SpA's value of 11.77% is 105.1% above this industry median. Based on the distribution chart, Saipem SpA ranks #302 out of 957 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Saipem SpA has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Saipem SpA's ROE % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Saipem SpA ranks #302 out of 957 companies for ROE %. This puts Saipem SpA in the upper half of its industry. The industry median ROE % is 5.74. Saipem SpA's value of 11.77% is 105.1% 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.74, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saipem SpA's current ROE % of 11.77% is 105.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Saipem SpA and its competitors. For the Oil & Gas industry, the median ROE % is 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saipem SpA's current ROE % is 11.77%. 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 (WBO:SPM3) is currently considered Significantly Overvalued. The stock's GF Value™ is €2.49, compared to a current price of €4.55 — trading 82.8% above its estimated fair value. The current ROE % is 11.77% and 105.1% above the Oil & Gas industry median of 5.74. Saipem SpA's overall GF Score™ is 44/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Saipem SpA (WBO:SPM3), the current ROE % is 11.77% 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 (WBO:SPM3) Overvalued in 2026?
Based on GuruFocus' analysis, Saipem SpA stock appears to be overvalued.
The current stock price of €4.55 is trading 82.8% above its estimated GF Value™ of €2.49.
GuruFocus considers Saipem SpA to be Significantly Overvalued.
Key valuation signals for WBO:SPM3:
ROE %: 11.77%
GF Value™: €2.49 vs. price of €4.55 (82.8% above fair value)
Industry Position: 105.1% above the Oil & Gas median (#302 of 957)
No single metric tells the full story. See the WBO:SPM3 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.
44GF Score
Get the complete analysis for WBO:SPM3
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WBO:SPM3 has been successfully added to your 
