SM Energy Co SM
SM Energy Co statistics & valuation
Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($72.85); a green figure means the price is below it.
Profitability & efficiency
Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).
P / E vs its own history
SM Energy Co trades at about 5.7× earnings — near its 10-year norm (10-year range 3.5×–113.1×, median 5.7×).
Shaded band = 10-year range (3.5×–113.1×); dot = today's 5.7×.
Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.
Key ratios (by fiscal year)
| Ratio | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 31.7% | 40.0% | 41.6% | 47.0% | 8.0% | -94.9% | -4.4% | 40.5% | -13.1% | -86.8% |
| Net margin | 20.5% | 28.6% | 34.5% | 33.1% | 1.4% | -67.9% | -11.8% | 24.6% | -12.8% | -62.2% |
| Return on assets | 7.0% | 9.0% | 12.8% | 19.5% | 0.7% | -15.4% | -3.0% | 8.0% | -2.6% | -11.9% |
| Return on equity | 13.5% | 18.2% | 22.6% | 36.0% | 1.8% | -37.9% | -6.8% | 17.4% | -6.7% | -30.3% |
| Debt / equity | — | — | — | — | 1.01× | 1.10× | 0.95× | — | — | — |
| Current ratio | 0.69 | 0.55 | 1.45 | 1.23 | 0.69 | 0.35 | 0.54 | 0.92 | 0.98 | 0.54 |
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.