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SM Energy CoSM +4.15%67 EV-to-OCF is 5.69 as of Aug. 20, 2026, which is 21% above its 10-year median of 4.69. GuruFocus rates SM with a GF Score™ of 67/100 and a GF Value™ of $49.85 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,024 Oil & Gas companies, SM Energy Co ranks better than 50.59% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, SM Energy Co's Enterprise Value is $15,369 Mil.
SM Energy Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $2,700 Mil. Therefore, SM Energy Co's EV-to-OCF for today is 5.69.
The historical rank and industry rank for SM Energy Co's EV-to-OCF or its related term are showing as below:
SM'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.18 Med: 4.69 Max: 11.15
Current: 5.69
During the past 13 years, the highest EV-to-OCF of SM Energy Co was 11.15. The lowest was 2.18. And the median was 4.69.
SM's EV-to-OCF is ranked better than 50.59% of 1024
companies
in the Oil & Gas industry
Industry Median: 5.66
vs SM: 5.69
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 $37.64.
SM Energy Co's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.080.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
SM Energy Co EV-to-OCF Related Terms
SM Energy Co EV-to-OCF Historical Data
* Premium members only.
The historical data trend for SM Energy Co's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SM Energy Co's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where SM Energy Co's EV-to-OCF falls into.
SM Energy Co's current Enterprise Value is $15,369 Mil.
SM Energy Co's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,700 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-OCF of 5.69 as of Aug. 20, 2026. This is 21% above median its historical median of 4.69. Over the past decade, SM Energy Co's EV-to-OCF has ranged from 2.18 to 11.15. According to the industry distribution chart, SM Energy Co ranks #506 out of 1024 companies in the Oil & Gas industry, placing it in the top 49.4%.
Is SM Energy Co's EV-to-OCF too high?
SM Energy Co's current EV-to-OCF of 5.69 is 21% above median its 10-year median of 4.69. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 11.15. The Oil & Gas industry median EV-to-OCF is 5.66. SM Energy Co's value of 5.69 is 0.5% above this industry median. Based on the distribution chart, SM Energy Co ranks #506 out of 1024 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, SM Energy Co has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's EV-to-OCF compare to CHRD and RRC?
According to the Oil & Gas industry distribution chart, SM Energy Co ranks #506 out of 1024 companies for EV-to-OCF. This puts SM Energy Co in the upper half of its industry. The industry median EV-to-OCF is 5.66. SM Energy Co's value of 5.69 is 0.5% above this benchmark. Historically, SM Energy Co's own EV-to-OCF has ranged from 2.18 to 11.15 over the past decade. While the company's 10-year median is 4.69 vs. the industry median of 5.66, 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-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.66, based on 1,024 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SM Energy Co's current EV-to-OCF of 5.69 is 0.5% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Energy Co's current EV-to-OCF is 5.69, which is 21% above median its own 10-year median of 4.69. 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 Modestly Undervalued. The stock's GF Value™ is $49.85, compared to a current price of $37.64 — trading 24.5% below its estimated fair value. The current EV-to-OCF is 5.69, which is 21% above median its 10-year median of 4.69 and 0.5% above the Oil & Gas industry median of 5.66. SM Energy Co's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For SM Energy Co (SM), the current EV-to-OCF is 5.69 as of Aug. 20, 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 $37.64 is trading 24.5% below its estimated GF Value™ of $49.85.
GuruFocus considers SM Energy Co to be Modestly Undervalued.
Key valuation signals for SM:
EV-to-OCF: 5.69 (21% above median its 10-year median of 4.69)
GF Value™: $49.85 vs. price of $37.64 (24.5% below fair value)
Industry Position: 0.5% above the Oil & Gas median (#506 of 1024)
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.
67GF Score
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