SM Energy Company (SM) — Fundamental Analysis & Key Financial Ratios

As of , Kaplio gives no valuation verdict on SM Energy (SM): it is a cyclical, and in a cyclical the P/E tends to be lowest just when earnings peak. Its results are mixed (earnings per share are down 15 %) and the dividend is fair.

Educational analysis with public data, not a recommendation. How it is calculated →

See the 143 companies in Energy

SM Energy Company (SM) — Price $39.56 (closing price, October 28, 2026) — Energy — Oil & Gas Exploration & Production — NYSE

Latest reported results:

SM Energy Company (SM) is a publicly traded company in the Energy — Oil & Gas Exploration & Production industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.

SM Energy Company is an independent firm dedicated to the exploration, development, acquisition, and production of oil, natural gas, and natural gas liquids. Its operations are exclusively concentrated within the state of Texas. As of February 24, 2022, the company reported an impressive 492.0 million barrels of oil equivalent in estimated proved reserves.

Is SM Energy Company stock overvalued or undervalued in 2026?

SM Energy Company (SM) trades at 10.3× earnings (P/E), against a median of 17.3× across the 140 energy companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (10.3) does not tell whether it is cheap.

Kaplio overview: SM Energy Company

Market cap $9B · 52 weeks $18 – $41 (5 % below the high) · P/E 10.3× · 2027 expected P/E 4.6× · Dividend 2.1 % · 5 years rising · Next earnings November 3, 2026 · expected EPS $1.98 · Closing price, Oct 28 · accounts published Aug 5.

What would it be worth at its usual multiples?

No valuation verdict: it is a cyclical and today's P/E (10.3) does not tell whether it is cheap.

In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 29.4 times.

What matters in energy: 4 of 8 pass

Against its peers (reference peers) — SM Energy Company: P/E 10.3×; EV/EBITDA 4.4×; ROIC 6.8 %; $9.4B. Matador Resources Company (P/E 10.3×; EV/EBITDA 4.4×; ROIC 9.8 %; $7.4B), Magnolia Oil & Gas Corporation (P/E 11.6×; EV/EBITDA 7.1×; ROIC 17.5 %; $7.1B), APA Corporation (P/E 10.8×; EV/EBITDA 3.8×; ROIC 14.7 %; $17.9B).

Dividend

tight · Yield 2.1 % ($0.80 per share in 2025) · Years raising it 5 · 5-year growth +109 % a year · Free cash flow coverage -2.4× · With $1,000 invested today you'd collect $21.50 a year ($1.79 a month).

Analysis: · Data: companies' official filings · Updated

Profitability

Return on Equity16.53%
Return on Invested Capital6.76%
Return on Assets5.30%
Gross Margin61.49%
Operating Margin26.30%
Net Margin18.16%

Financial Health

Debt / Equity0.90
Current Ratio0.62
Piotroski F-Score6
Altman Z-Score1.38

Price Performance

1 month+18.00%
3 months+20.14%
Year-to-date+108.93%
1 year+89.48%
3 years-1.88%
5 years+13.84%
10 years+132.28%

Dividend History

Paid in the last 12 months: $0.8600 per share in 4 payments.

DateAmount
2026-09-04$0.2200
2026-06-08$0.2200
2026-03-09$0.2200
2025-12-26$0.2000
2025-10-17$0.2000
2025-07-18$0.2000
2025-04-17$0.2000
2025-01-24$0.2000
2024-10-25$0.2000
2024-07-19$0.1800

Amounts adjusted for stock splits.

Related companies: FANG · APA · DVN · PR · MTDR · CRC · MGY

Explore sector: Energy · Oil & Gas Exploration & Production

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