Theoretically, this value could be very high and there is a way to calculate the maximum possible. It may not be a likely scenario, but imagine a scenario where the Detroit Lions have a perfect season: 16-0. This means that they beat each divisional opponent 2 times each, leaving them with a maximum record of 14-2. However, this is not a possible result as each other division opponent must also face each other twice. To make things easy, let's say they all split with each other -- each team takes a loss from each of the other two teams. This means that each divisional opponent is sitting at 12-4.
Lions 16 - 0
Packers 12 - 4
Bears 12 - 4
Vikings 12 - 4
From here, the Lions have 10 other opponents on the season. In a perfect world, 7 of those teams could come from different divisions and could each be 15-1. Three of these 10 teams would need to take an additional two losses from the division leaders and would end up at 13-3. If my math is correct, it would look something like this:
E(A) N(A) S(A) W(A) E(N) N(N) S(N) W(N)
NE 15-1 BAL 15-1 HOU 15-1 KC 15-1 DAL 15-1 DET 16-0 NO 15-1 SF 15-1
BUF 13-3 PIT 13-3 TEN 13-3 OAK 3-13 PHI 3-13 MIN 12-4 TB 3-13 SEA 6-10
NYJ 4-12 CLE 4-12 IND 4-12 DEN 3-13 WSH 3-13 CHI 12-4 CAR 3-13 LAR 6-10
MIA 2-14 CIN 3-13 JAX 2-14 LAC 2-14 NYG 3-13 GB 12-4 ATL 3-13 ARI 3-13
This gives us enough information to calculate the maximum possible Strength of Victory.
((12 / 16) * 6) ---- Divisional wins
((15 / 16) * 7) ---- Non-divisional wins against division leaders
((13 / 16) * 3) ---- Non-divisional wins against division runner ups
(((12 / 16) * 6) + ((15 / 16) * 7) + ((13 / 16) * 3)) / 16
( 4.5 + 6.5625 + 2.625 ) / 16
So the theoretical maximum for strength of victory is
0.84375
The likelihood of this happening in reality is slim to none, due not only to the incredible difficulty in finishing a season undefeated, but also adding the difficulty of beating 16 other VERY GOOD opponents. For example, the Patriots undefeated season in 2007 didn't break the .500 threshold due to games against teams that only had a single win.