SBM Offshore NVSBFFF 78 3-Year ROIIC % is 488.39 as of Dec. 2025, which is 14222% above its 10-year median of 3.41. GuruFocus rates SBFFF with a GF Score™ of 78/100 and a GF Value™ of $22.64 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 925 Oil & Gas companies, SBM Offshore NV ranks better than 97.41% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
SBM Offshore NV's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 488.39%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for SBM Offshore NV's 3-Year ROIIC % or its related term are showing as below:
SBFFF's 3-Year ROIIC % is ranked better than 97.41% of 925
companies
in the Oil & Gas industry
Industry Median: -0.02
vs SBFFF: 488.39
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
SBM Offshore NV 3-Year ROIIC % Related Terms
SBM Offshore NV 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for SBM Offshore NV's 3-Year ROIIC % 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, SBM Offshore NV's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SBM Offshore NV's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where SBM Offshore NV's 3-Year ROIIC % falls into.
SBM Offshore NV's 3-Year ROIIC % for the quarter that ended in Dec. 2025 is calculated as:
3-Year ROIIC %
=
3-Year Incremental Net Operating Profit After Taxes (NOPAT)**
/
3-Year Incremental Invested Capital**
=
( 1591.1914 (Dec. 2025) - 842.4 (Dec. 2022) )
/
( 16339 (Dec. 2025) - 14659 (Dec. 2022) )
=
748.7914
/
1680
=
44.57%***
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
SBM Offshore NV (SBFFF) has a 3-Year ROIIC % of 488.39 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on SBM Offshore NV and its competitors. This is 14222% above median its historical median of 3.41. According to the industry distribution chart, SBM Offshore NV ranks #24 out of 925 companies in the Oil & Gas industry, placing it in the top 2.6%.
Is SBM Offshore NV's 3-Year ROIIC % too high?
SBM Offshore NV's current 3-Year ROIIC % of 488.39 is 14222% above median its 10-year median of 3.41. Based on the distribution chart, SBM Offshore NV ranks #24 out of 925 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 3-Year ROIIC % compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, SBM Offshore NV ranks #24 out of 925 companies for 3-Year ROIIC %. This places SBM Offshore NV in the top 3% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for an Oil & Gas company?
A good 3-Year ROIIC % depends on the Oil & Gas industry context. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on SBM Offshore NV and its competitors. SBM Offshore NV's current 3-Year ROIIC % is 488.39, which is 14222% above median its own 10-year median of 3.41. 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 $22.64, compared to a current price of $38.00 — trading 67.8% above its estimated fair value. The current 3-Year ROIIC % is 488.39, which is 14222% above median its 10-year median of 3.41. SBM Offshore NV's overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For SBM Offshore NV (SBFFF), the current 3-Year ROIIC % is 488.39 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 67.8% above its estimated GF Value™ of $22.64.
GuruFocus considers SBM Offshore NV to be Significantly Overvalued.
Key valuation signals for SBFFF:
3-Year ROIIC %: 488.39 (14222% above median its 10-year median of 3.41)
GF Value™: $22.64 vs. price of $38.00 (67.8% above fair value)
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
3-Year ROIIC % 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 
