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SM Energy CoSM -0.28%73 EV-to-EBITDA is 8.40 as of Jul. 30, 2026, which is 114% above its 10-year median of 3.93. GuruFocus rates SM with a GF Score™ of 73/100 and a GF Value™ of $52.26 (Possible Value Trap). The stock has 10 warning signs investors should review. Among 762 Oil & Gas companies, SM Energy Co ranks worse than 56.04% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, SM Energy Co's enterprise value is $15,110 Mil.
SM Energy Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $1,799 Mil. Therefore, SM Energy Co's EV-to-EBITDA for today is 8.40.
The historical rank and industry rank for SM Energy Co's EV-to-EBITDA or its related term are showing as below:
SM'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -559.25 Med: 3.93 Max: 47.08
Current: 8.4
During the past 13 years, the highest EV-to-EBITDA of SM Energy Co was 47.08. The lowest was -559.25. And the median was 3.93.
SM's EV-to-EBITDA is ranked worse than 56.04% of 762
companies
in the Oil & Gas industry
Industry Median: 7.63
vs SM: 8.40
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
SM Energy Co (NYSE:SM) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
SM Energy Co's PE Ratio (TTM) for today is calculated as:
SM Energy Co's share price for today is $31.63.
SM Energy Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.380.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for SM Energy Co's EV-to-EBITDA 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.
For the Oil & Gas E&P subindustry, SM Energy Co's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SM Energy Co's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where SM Energy Co's EV-to-EBITDA falls into.
SM Energy Co's current Enterprise Value is $15,110 Mil.
SM Energy Co's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,799 Mil.
* 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 (SM) has a EV-to-EBITDA of 8.40 as of Jul. 30, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SM Energy Co. This is 114% above median its historical median of 3.93. According to the industry distribution chart, SM Energy Co ranks #427 out of 762 companies in the Oil & Gas industry, placing it in the top 56%.
Is SM Energy Co's EV-to-EBITDA too high?
SM Energy Co's current EV-to-EBITDA of 8.40 is 114% above median its 10-year median of 3.93. The Oil & Gas industry median EV-to-EBITDA is 7.63. SM Energy Co's value of 8.40 is 10.1% above this industry median. Based on the distribution chart, SM Energy Co ranks #427 out of 762 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, SM Energy Co has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's EV-to-EBITDA compare to CHRD and RRC?
According to the Oil & Gas industry distribution chart, SM Energy Co ranks #427 out of 762 companies for EV-to-EBITDA. This places SM Energy Co in the lower half of its industry. The industry median EV-to-EBITDA is 7.63. SM Energy Co's value of 8.40 is 10.1% above this benchmark. While the company's 10-year median is 3.93 vs. the industry median of 7.63, 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 EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.63, based on 762 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SM Energy Co's current EV-to-EBITDA of 8.40 is 10.1% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on SM Energy Co. For the Oil & Gas industry, the median EV-to-EBITDA is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Energy Co's current EV-to-EBITDA is 8.40, which is 114% above median its own 10-year median of 3.93. 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 (SM) is currently considered Possible Value Trap. The stock's GF Value™ is $52.26, compared to a current price of $31.63 — trading 39.5% below its estimated fair value. The current EV-to-EBITDA is 8.40, which is 114% above median its 10-year median of 3.93 and 10.1% above the Oil & Gas industry median of 7.63. SM Energy Co's overall GF Score™ is 73/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For SM Energy Co (SM), the current EV-to-EBITDA is 8.40 as of Jul. 30, 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 (SM) Overvalued in 2026?
Based on GuruFocus' analysis, SM Energy Co stock appears to be undervalued.
The current stock price of $31.63 is trading 39.5% below its estimated GF Value™ of $52.26.
GuruFocus considers SM Energy Co to be Possible Value Trap.
Key valuation signals for SM:
EV-to-EBITDA: 8.40 (114% above median its 10-year median of 3.93)
GF Value™: $52.26 vs. price of $31.63 (39.5% below fair value)
Industry Position: 10.1% above the Oil & Gas median (#427 of 762)
No single metric tells the full story. See the SM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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