SM Energy Co (FRA:SJL) Construction In Progress: €702 Mil (As of Jun. 2026)

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FRA:SJL SM Energy Co FRA:SJL
73 GF Score
Price €30.40
GF Value €42.69
Valuation Modestly Undervalued
! 6 Warning Signs
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What is SM Energy Co Construction In Progress?

SM Energy Co FRA:SJL 73 Construction In Progress is €702 Mil as of Jun. 2026. GuruFocus rates FRA:SJL with a GF Score™ of 73/100 and a GF Value™ of €42.69 (Modestly Undervalued). The stock has 6 warning signs investors should review.

SM Energy Co's quarterly construction in progress increased from Dec. 2025 (€391 Mil) to Mar. 2026 (€722 Mil) but then declined from Mar. 2026 (€722 Mil) to Jun. 2026 (€702 Mil).

SM Energy Co's annual construction in progress increased from Dec. 2023 (€328 Mil) to Dec. 2024 (€460 Mil) but then declined from Dec. 2024 (€460 Mil) to Dec. 2025 (€391 Mil).

SM Energy Co Construction In Progress Historical Data

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The historical data trend for SM Energy Co's Construction In Progress 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.

SM Energy Co Construction In Progress Chart

SM Energy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 131.33 271.18 328.36 460.31 391.13

SM Energy Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Construction In Progress 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 342.93 362.01 391.13 722.28 702.21
FRA:SJL
73GF Score
SM Energy Co FRA:SJL
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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SM Energy Co Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of €702 Mil mean?
SM Energy Co (FRA:SJL) has a Construction In Progress of €702 Mil as of Jun. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on SM Energy Co and its competitors.
Is SM Energy Co's Construction In Progress too high?
SM Energy Co's current Construction In Progress is €702 Mil. Overall, SM Energy Co has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's Construction In Progress compare to CHRD and RRC?
SM Energy Co's Construction In Progress of €702 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Oil & Gas company?
A good Construction In Progress depends on the Oil & Gas industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on SM Energy Co and its competitors. SM Energy Co's current Construction In Progress is €702 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SM Energy Co stock overvalued right now?
Based on GuruFocus' analysis, SM Energy Co (FRA:SJL) is currently considered Modestly Undervalued. The stock's GF Value™ is €42.69, compared to a current price of €30.40 — trading 28.8% below its estimated fair value. The current Construction In Progress is €702 Mil. SM Energy Co's overall GF Score™ is 73/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For SM Energy Co (FRA:SJL), the current Construction In Progress is €702 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SM Energy Co (FRA:SJL) Overvalued in 2026?

Based on GuruFocus' analysis, SM Energy Co stock appears to be undervalued. The current stock price of €30.40 is trading 28.8% below its estimated GF Value™ of €42.69. GuruFocus considers SM Energy Co to be Modestly Undervalued.

Key valuation signals for FRA:SJL:

  • Construction In Progress: €702 Mil
  • GF Value™: €42.69 vs. price of €30.40 (28.8% below fair value)
  • GF Score™: 73/100 with 6 warning signs

No single metric tells the full story. See the FRA:SJL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SM Energy Co Business Description

Industry EnergyOil & Gas
Other Exchanges SM:USA0KZA:UKSJL:Germany
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 oil, gas, and NGLs in Texas and Utah. The Company operates in the oil and gas extraction industry, focused on exploration and production activities, onshore in the United States. Its portfolio is comprised of assets in the Midland Basin of West Texas, the Maverick Basin of South Texas, and the Uinta Basin of northeastern Utah.
73GF Score

Get the complete analysis for FRA:SJL

Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€30.40
Price
€42.69
GF Value