SM Energy Co (STU:SJL) Cyclically Adjusted PS Ratio: 1.43 (As of Aug. 12, 2026) — 22% Above Median

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STU:SJL SM Energy Co STU:SJL
78 GF Score
Price €28.00
GF Value €42.71
Valuation Possible Value Trap
! 5 Warning Signs
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What is SM Energy Co Cyclically Adjusted PS Ratio?

SM Energy Co STU:SJL +2.19% 78 Cyclically Adjusted PS Ratio is 1.43 as of Aug. 12, 2026, which is 22% above its 10-year median of 1.17. GuruFocus rates STU:SJL with a GF Score™ of 78/100 and a GF Value™ of €42.71 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 715 Oil & Gas companies, SM Energy Co ranks worse than 59.3% on this metric.

As of today (2026-08-12), SM Energy Co's current share price is €28.00. SM Energy Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €19.52. SM Energy Co's Cyclically Adjusted PS Ratio for today is 1.43.

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

STU:SJL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.05   Med: 1.17   Max: 2.35
Current: 1.46

During the past years, SM Energy Co's highest Cyclically Adjusted PS Ratio was 2.35. The lowest was 0.05. And the median was 1.17.

STU:SJL's Cyclically Adjusted PS Ratio is ranked worse than
59.3% of 715 companies
in the Oil & Gas industry
Industry Median: 1.06 vs STU:SJL: 1.46

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 Jun. 2026 was €7.798. 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 €19.52 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


SM Energy Co  (STU: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


SM Energy Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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.

SM Energy Co Cyclically Adjusted PS Ratio Chart

SM Energy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.27 1.43 1.70 1.86 0.89

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
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 1.18 1.18 0.89 1.43 1.17

STU:SJL vs CHRD, RRC, MTDR: Cyclically Adjusted PS Ratio Comparison

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 Cyclically Adjusted PS Ratio vs 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.


STU:SJL
78GF Score
SM Energy Co STU:SJL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=28.00/19.52
=1.43

* 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 Jun. 2026 is calculated as:

For example, SM Energy Co's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.798/333.9520*333.9520
=7.798

Current CPI (Jun. 2026) = 333.9520.

SM Energy Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 3.750 241.428 5.187
201612 3.585 241.432 4.959
201703 2.816 243.801 3.857
201706 2.302 244.955 3.138
201709 2.235 246.819 3.024
201712 2.574 246.524 3.487
201803 2.761 249.554 3.695
201806 3.047 251.989 4.038
201809 3.506 252.439 4.638
201812 3.051 251.233 4.056
201903 2.687 254.202 3.530
201906 3.189 256.143 4.158
201909 3.127 256.759 4.067
201912 3.570 256.974 4.639
202003 2.849 258.115 3.686
202006 1.333 257.797 1.727
202009 2.093 260.280 2.685
202012 2.298 260.474 2.946
202103 3.097 264.877 3.905
202106 3.945 271.696 4.849
202109 5.215 274.310 6.349
202112 5.385 278.802 6.450
202203 6.279 287.504 7.293
202206 7.535 296.311 8.492
202209 6.725 296.808 7.567
202212 5.110 296.797 5.750
202303 4.359 301.836 4.823
202306 4.201 305.109 4.598
202309 5.066 307.789 5.497
202312 4.748 306.746 5.169
202403 4.421 312.332 4.727
202406 5.086 314.175 5.406
202409 5.033 315.301 5.331
202412 6.826 315.605 7.223
202503 6.757 319.799 7.056
202506 5.918 322.561 6.127
202509 5.997 324.800 6.166
202512 5.160 324.054 5.318
202603 6.420 330.213 6.493
202606 7.798 333.952 7.798

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.

What does a Cyclically Adjusted PS Ratio of 1.43 mean?
SM Energy Co (STU:SJL) has a Cyclically Adjusted PS Ratio of 1.43 as of Aug. 12, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on SM Energy Co and its competitors. This is 22% above median its historical median of 1.17. Over the past decade, SM Energy Co's Cyclically Adjusted PS Ratio has ranged from 0.05 to 2.35. According to the industry distribution chart, SM Energy Co ranks #424 out of 715 companies in the Oil & Gas industry, placing it in the top 59.3%.
Is SM Energy Co's Cyclically Adjusted PS Ratio too high?
SM Energy Co's current Cyclically Adjusted PS Ratio of 1.43 is 22% above median its 10-year median of 1.17. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 2.35. The Oil & Gas industry median Cyclically Adjusted PS Ratio is 1.06. SM Energy Co's value of 1.43 is 34.9% above this industry median. Based on the distribution chart, SM Energy Co ranks #424 out of 715 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, SM Energy Co has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's Cyclically Adjusted PS Ratio compare to CHRD and RRC?
According to the Oil & Gas industry distribution chart, SM Energy Co ranks #424 out of 715 companies for Cyclically Adjusted PS Ratio. This places SM Energy Co in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.06. SM Energy Co's value of 1.43 is 34.9% above this benchmark. Historically, SM Energy Co's own Cyclically Adjusted PS Ratio has ranged from 0.05 to 2.35 over the past decade. While the company's 10-year median is 1.17 vs. the industry median of 1.06, SM Energy Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Oil & Gas company?
The median Cyclically Adjusted PS Ratio among Oil & Gas companies is 1.06, based on 715 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SM Energy Co's current Cyclically Adjusted PS Ratio of 1.43 is 34.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on SM Energy Co and its competitors. For the Oil & Gas industry, the median Cyclically Adjusted PS Ratio is 1.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Energy Co's current Cyclically Adjusted PS Ratio is 1.43, which is 22% above median its own 10-year median of 1.17. 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 (STU:SJL) is currently considered Possible Value Trap. The stock's GF Value™ is €42.71, compared to a current price of €28.00 — trading 34.4% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.43, which is 22% above median its 10-year median of 1.17 and 34.9% above the Oil & Gas industry median of 1.06. SM Energy Co's overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For SM Energy Co (STU:SJL), the current Cyclically Adjusted PS Ratio is 1.43 as of Aug. 12, 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 (STU:SJL) Overvalued in 2026?

Based on GuruFocus' analysis, SM Energy Co stock appears to be undervalued. The current stock price of €28.00 is trading 34.4% below its estimated GF Value™ of €42.71. GuruFocus considers SM Energy Co to be Possible Value Trap.

Key valuation signals for STU:SJL:

  • Cyclically Adjusted PS Ratio: 1.43 (22% above median its 10-year median of 1.17)
  • GF Value™: €42.71 vs. price of €28.00 (34.4% below fair value)
  • GF Score™: 78/100 with 5 warning signs
  • Industry Position: 34.9% above the Oil & Gas median (#424 of 715)

No single metric tells the full story. See the STU: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:UK
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.
78GF Score

Get the complete analysis for STU:SJL

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€28.00
Price
€42.71
GF Value