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Saipem Valuation Multiples
Discover revenue and EBITDA valuation multiples for Saipem and similar public comparables like SPIE, Subsea 7, IES Holdings, Viper Energy and more.
Saipem Overview
About Saipem
Saipem SpA specializes in engineering and construction services for the oil and gas industries. 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. Energy Carriers segment includes the Onshore Engineering & Construction, Sustainable Infrastructures, and Robotics & Industrialized Solutions activities. Its revenue by geographical segment include Italy, Rest of Europe, CSI, Rest of Asia, etc.
Founded
1957
HQ

Employees
31.1K
Website
Financials (LTM)
EV
$11B
Saipem Financials
Saipem reported last 12-month revenue of $18B and EBITDA of $2B.
In the same LTM period, Saipem generated $2B in EBITDA and $423M in net income.
Revenue (LTM)
Saipem P&L
In the most recent fiscal year, Saipem reported revenue of $18B and EBITDA of $2B.
Saipem expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $18B | XXX | $18B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 19% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| EBIT Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Profit | $423M | XXX | $366M | XXX | XXX | XXX |
| Net Margin | 2% | XXX | 2% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Saipem Stock Performance
Saipem has current market cap of $9B, and enterprise value of $11B.
Market Cap Evolution
Saipem's stock price is $4.89.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $11B | $9B | -0.8% | XXX | XXX | XXX | $0.19 |
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Start Free TrialSaipem Valuation Multiples
Saipem trades at 0.6x EV/Revenue multiple, and 5.4x EV/EBITDA.
EV / Revenue (LTM)
Saipem Financial Valuation Multiples
As of April 17, 2026, Saipem has market cap of $9B and EV of $11B.
Equity research analysts estimate Saipem's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Saipem has a P/E ratio of 22.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $9B | XXX | $9B | XXX | XXX | XXX |
| EV (current) | $11B | XXX | $11B | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 5.4x | XXX | 5.6x | XXX | XXX | XXX |
| EV/EBIT | 13.0x | XXX | 13.9x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 3.3x | XXX | XXX | XXX |
| P/E | 22.4x | XXX | 25.9x | XXX | XXX | XXX |
| EV/FCF | 8.5x | XXX | 7.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Saipem Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Saipem Margins & Growth Rates
Saipem's revenue in the last 12 month grew by 1%.
Saipem's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.1M for the same period.
Saipem's rule of 40 is 13% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Saipem's rule of X is 13% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Saipem Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 1% | XXX | 0% | XXX | XXX | XXX |
| EBITDA Margin | 11% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Growth | 10% | XXX | 12% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 13% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 13% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.6M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Saipem Public Comps
See public comps and valuation multiples for other Oil & Gas and Construction & Engineering comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Saipem | XXX | XXX | XXX | XXX | XXX | XXX |
| SPIE | XXX | XXX | XXX | XXX | XXX | XXX |
| Subsea 7 | XXX | XXX | XXX | XXX | XXX | XXX |
| IES Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Viper Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| S-Oil | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Saipem M&A Activity
Saipem acquired XXX companies to date.
Last acquisition by Saipem was on XXXXXXXX, XXXXX. Saipem acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Saipem
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialSaipem Investment Activity
Saipem invested in XXX companies to date.
Saipem made its latest investment on XXXXXXXX, XXXXX. Saipem invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Saipem
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Saipem
| When was Saipem founded? | Saipem was founded in 1957. |
| Where is Saipem headquartered? | Saipem is headquartered in Italy. |
| How many employees does Saipem have? | As of today, Saipem has over 31K employees. |
| Who is the CEO of Saipem? | Saipem's CEO is Alessandro Puliti. |
| Is Saipem publicly listed? | Yes, Saipem is a public company listed on Borsa Italiana. |
| What is the stock symbol of Saipem? | Saipem trades under SPM ticker. |
| When did Saipem go public? | Saipem went public in 2000. |
| Who are competitors of Saipem? | Saipem main competitors are SPIE, Subsea 7, IES Holdings, Viper Energy. |
| What is the current market cap of Saipem? | Saipem's current market cap is $9B. |
| What is the current revenue of Saipem? | Saipem's last 12 months revenue is $18B. |
| What is the current revenue growth of Saipem? | Saipem revenue growth (NTM/LTM) is 1%. |
| What is the current EV/Revenue multiple of Saipem? | Current revenue multiple of Saipem is 0.6x. |
| Is Saipem profitable? | Yes, Saipem is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Saipem? | Saipem's last 12 months EBITDA is $2B. |
| What is Saipem's EBITDA margin? | Saipem's last 12 months EBITDA margin is 11%. |
| What is the current EV/EBITDA multiple of Saipem? | Current EBITDA multiple of Saipem is 5.4x. |
| What is the current FCF of Saipem? | Saipem's last 12 months FCF is $1B. |
| What is Saipem's FCF margin? | Saipem's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Saipem? | Current FCF multiple of Saipem is 8.5x. |
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