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SM Energy Co (FRA:SJL) Cyclically Adjusted PS Ratio : 2.19 (As of May. 02, 2024)


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What is SM Energy Co Cyclically Adjusted PS Ratio?

As of today (2024-05-02), SM Energy Co's current share price is €45.40. SM Energy Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was €20.71. SM Energy Co's Cyclically Adjusted PS Ratio for today is 2.19.

The historical rank and industry rank for SM Energy Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:SJL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 1.29   Max: 5.27
Current: 2.07

During the past years, SM Energy Co's highest Cyclically Adjusted PS Ratio was 5.27. The lowest was 0.05. And the median was 1.29.

FRA:SJL's Cyclically Adjusted PS Ratio is ranked worse than
72.86% of 759 companies
in the Oil & Gas industry
Industry Median: 0.9 vs FRA:SJL: 2.07

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

SM Energy Co's adjusted revenue per share data for the three months ended in Dec. 2023 was €4.778. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €20.71 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


SM Energy Co Cyclically Adjusted PS Ratio Historical Data

The historical data trend for SM Energy Co's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SM Energy Co Cyclically Adjusted PS Ratio Chart

SM Energy Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.50 0.28 1.27 1.43 1.70

SM Energy Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.43 1.16 1.32 1.68 1.70

Competitive Comparison of SM Energy Co's Cyclically Adjusted PS Ratio

For the Oil & Gas E&P subindustry, SM Energy Co's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SM Energy Co's Cyclically Adjusted PS Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, SM Energy Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where SM Energy Co's Cyclically Adjusted PS Ratio falls into.



SM Energy Co Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

SM Energy Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=45.40/20.71
=2.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SM Energy Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, SM Energy Co's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=4.778/129.4194*129.4194
=4.778

Current CPI (Dec. 2023) = 129.4194.

SM Energy Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 6.683 99.695 8.676
201406 7.253 100.560 9.335
201409 7.079 100.428 9.123
201412 7.161 99.070 9.355
201503 5.502 99.621 7.148
201506 5.866 100.684 7.540
201509 4.823 100.392 6.218
201512 4.041 99.792 5.241
201603 2.798 100.470 3.604
201606 3.813 101.688 4.853
201609 3.750 101.861 4.765
201612 3.585 101.863 4.555
201703 2.816 102.862 3.543
201706 2.302 103.349 2.883
201709 2.235 104.136 2.778
201712 2.574 104.011 3.203
201803 2.761 105.290 3.394
201806 3.047 106.317 3.709
201809 3.506 106.507 4.260
201812 3.051 105.998 3.725
201903 2.687 107.251 3.242
201906 3.189 108.070 3.819
201909 3.127 108.329 3.736
201912 3.570 108.420 4.261
202003 2.849 108.902 3.386
202006 1.333 108.767 1.586
202009 2.093 109.815 2.467
202012 2.298 109.897 2.706
202103 3.097 111.754 3.587
202106 3.945 114.631 4.454
202109 5.215 115.734 5.832
202112 5.385 117.630 5.925
202203 6.279 121.301 6.699
202206 7.535 125.017 7.800
202209 6.725 125.227 6.950
202212 5.110 125.222 5.281
202303 4.359 127.348 4.430
202306 4.201 128.729 4.224
202309 5.066 129.860 5.049
202312 4.778 129.419 4.778

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


SM Energy Co  (FRA:SJL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


SM Energy Co Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of SM Energy Co's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


SM Energy Co (FRA:SJL) Business Description

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Address
1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203
SM Energy Co is an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids. Operating primarily out of the United States, the company actively participates in joint ventures, prospects/leaseholds, and drill-to-earn opportunities. The majority of the company's revenue is derived from some of the United States' premier drilling locations. Drilling location interests have been traditionally obtained through oil and gas leases from third parties. SM Energy relies on its fleet of geologists, geophysicists, landmen, and engineers to help extract the full potential out of all properties held.

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