SBM Offshore N.V. (SBMO) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of SBM Offshore N.V. stock €32.30, price €32.38, that is 0.3% below the price, quality 68 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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SBM Offshore N.V.
SBMO · ASThe stock costs about what our calculation considers fair.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range €9.56 – €37.06 · fair‑value band €19.27 – €41.99 · the €32.38 price screens above the €32.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
SBM Offshore N.V. provides floating production solutions to the offshore energy industry worldwide. It operates in two segments, Lease and Operate, and Turnkey.
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It engages in the design, supply, installation, operation, demobilization, and life extension of floating production storage and offloading (FPSO) vessels.
The company also operates catenary anchor leg mooring (CALM), a single point mooring (SPM) system terminal; tension leg floaters, turret mooring systems, floating offshore wind, and brownfield and offshore loading terminals; and floating energy hubs.
In addition, it owns and operates a fleet of 15 FPSOs and 1 semi-submersible unit, as well as offering offshore technologies development and digital services in the offshore oil and gas industry and broader offshore infrastructure sector.
Further, the company offers turnkey supply contracts and after-sales services, which consist mainly of large production systems, large mooring systems, deepwater export systems, fluid transfer systems, tanker loading and discharge terminals, design services, supply of special components and proprietary designs and equipment activities.
The company was formerly known as IHC Caland and changed its name to SBM Offshore N.V. in 2005. SBM Offshore N.V. was founded in 1862 and is headquartered in Schiphol, the Netherlands.
Stock analysis
SBM Offshore N.V. (SBMO) currently trades at €32.38, while our model-based Fair Value estimate is €32.30, so the stock looks roughly fairly valued today (gap 0.3%).
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Valuation
Bull case: the Growth DCF group reads highest at a median of €93.45 per share, and 20 of the 25 models we run sit above the €32.38 price.
Bear case: the Asset-Based group reads lowest at €15.34, and 5 of the 25 models stay below the price. Data coverage for this calculation is medium.
Scenario range: €19.27 (bear) to €41.99 (bull), the price of €32.38 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 68/100 (solid quality), in the Energy sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
SBM Offshore N.V. reported revenue of $6.1B in FY2025 versus $3.7B in FY2021, a compound +13.2%/yr. Reported net income was $960M in FY2025, compounding +24.5%/yr from FY2021.
Key figures
Market cap €5.5B Mid · P/E ratio 7.2 · P/S ratio 1.05 · EPS (TTM) €4.51 · Dividend yield 3.1% · Net margin 15.8% · Return on equity 18.0% · Return on assets (EBIT) 6.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 51% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Energy peers we cover trades at −32% fair-value upside, at 0%, SBMO screens cheaper than that median.
Fair Value models
All 26 models by family
The fair value above starts from this blend and is adjusted for a cyclical peak year.
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
Growth Forecast
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Earlier news
- SBM Offshore (ENXTAM:SBMO) Stock Could Be A Bargain On Cash Flow
- SBM Offshore NV's Dividend Analysis
- SBM Offshore selects Siemens Energy for Brazil Sergipe-Alagoas FPSOs
- SBM Offshore NV (SBFFF) (H1 2026) Earnings Call Highlights: Record Backlog and Raised Guidance ...
Compare SBM Offshore N.V. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas Equipment & Services · 166 stocks
Valuation Multiplesvs Oil & Gas Equipment & Services median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Energy sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- EBIT margin by industry
- P/S ratio by industry
- Piotroski F-Score screener with fair value
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Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas Equipment & Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Gaztransport & Technigaz SA GTT | €181.30 | €199.62 | +10% | vs SBMO |
| Yantai Jereh Oilfield Services Group 002353 | ¥79.44 | ¥87.38 | +10% | vs SBMO |
| China Oilfield Services Limited 601808 | ¥12.75 | ¥13.04 | +2% | vs SBMO |
| Subsea 7 S.A SUBC | kr 304.80 | kr 257.37 | −16% | vs SBMO |
| Halliburton Company HAL | $31.84 | $21.72 | −32% | vs SBMO |
| Baker Hughes Company BKR | $47.87 | $32.37 | −32% | vs SBMO |
| Tenaris S.A TEN | €26.64 | €17.68 | −34% | vs SBMO |
| Saipem SpA SPM | €4.24 | €2.72 | −36% | vs SBMO |
| SLB N.V SLB | $49.92 | $29.03 | −42% | vs SBMO |
| TechnipFMC plc FTI | $63.52 | $28.12 | −56% | vs SBMO |
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Key figures of SBM Offshore N.V.
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