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Summit MidstreamSMC +0.26%60 EV-to-OCF is 15.88 as of Aug. 12, 2026, which is 50% above its 10-year median of 10.62. GuruFocus rates SMC with a GF Score™ of 60/100 and a GF Value™ of $28.76 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,027 Oil & Gas companies, Summit Midstream ranks worse than 83.45% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Summit Midstream's Enterprise Value is $2,082.3 Mil.
Summit Midstream's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $131.2 Mil. Therefore, Summit Midstream's EV-to-OCF for today is 15.88.
The historical rank and industry rank for Summit Midstream's EV-to-OCF or its related term are showing as below:
SMC'
s EV-to-OCF Range Over the Past 10 Years
Min: 3.46 Med: 10.62 Max: 56.44
Current: 15.88
During the past 13 years, the highest EV-to-OCF of Summit Midstream was 56.44. The lowest was 3.46. And the median was 10.62.
SMC's EV-to-OCF is ranked worse than 83.45% of 1027
companies
in the Oil & Gas industry
Industry Median: 5.74
vs SMC: 15.88
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.
Summit Midstream's PE Ratio (TTM) for today is calculated as:
Summit Midstream's share price for today is $34.77.
Summit Midstream'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 $-1.110.
* 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.
Summit Midstream EV-to-OCF Related Terms
Summit Midstream EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Summit Midstream'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 Midstream subindustry, Summit Midstream'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.
Summit Midstream EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Summit Midstream's EV-to-OCF falls into.
Summit Midstream's current Enterprise Value is $2,082.3 Mil.
Summit Midstream'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 $131.2 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.
Summit Midstream (SMC) has a EV-to-OCF of 15.88 as of Aug. 12, 2026. This is 50% above median its historical median of 10.62. Over the past decade, Summit Midstream's EV-to-OCF has ranged from 3.46 to 56.44. According to the industry distribution chart, Summit Midstream ranks #857 out of 1027 companies in the Oil & Gas industry, placing it in the top 83.4%.
Is Summit Midstream's EV-to-OCF too high?
Summit Midstream's current EV-to-OCF of 15.88 is 50% above median its 10-year median of 10.62. Over the past 10 years, this metric has ranged from a low of 3.46 to a high of 56.44. The Oil & Gas industry median EV-to-OCF is 5.74. Summit Midstream's value of 15.88 is 176.7% above this industry median. Based on the distribution chart, Summit Midstream ranks #857 out of 1027 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Summit Midstream has a GF Score™ of 60/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's EV-to-OCF compare to KNOP and WHK?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #857 out of 1027 companies for EV-to-OCF. This places Summit Midstream in the lower half of its industry. The industry median EV-to-OCF is 5.74. Summit Midstream's value of 15.88 is 176.7% above this benchmark. Historically, Summit Midstream's own EV-to-OCF has ranged from 3.46 to 56.44 over the past decade. While the company's 10-year median is 10.62 vs. the industry median of 5.74, Summit Midstream 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 5.74, based on 1,027 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. Summit Midstream's current EV-to-OCF of 15.88 is 176.7% 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 5.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summit Midstream's current EV-to-OCF is 15.88, which is 50% above median its own 10-year median of 10.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Summit Midstream stock overvalued right now?
Based on GuruFocus' analysis, Summit Midstream (SMC) is currently considered Modestly Overvalued. The stock's GF Value™ is $28.76, compared to a current price of $34.77 — trading 20.9% above its estimated fair value. The current EV-to-OCF is 15.88, which is 50% above median its 10-year median of 10.62 and 176.7% above the Oil & Gas industry median of 5.74. Summit Midstream's overall GF Score™ is 60/100 with 11 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 Summit Midstream (SMC), the current EV-to-OCF is 15.88 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 Summit Midstream (SMC) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of $34.77 is trading 20.9% above its estimated GF Value™ of $28.76.
GuruFocus considers Summit Midstream to be Modestly Overvalued.
Key valuation signals for SMC:
EV-to-OCF: 15.88 (50% above median its 10-year median of 10.62)
GF Value™: $28.76 vs. price of $34.77 (20.9% above fair value)
Industry Position: 176.7% above the Oil & Gas median (#857 of 1027)
No single metric tells the full story. See the SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Summit Midstream Corp is a value-driven corporation focused on developing, owning and operating midstream energy infrastructure assets strategically located in unconventional resource basins, shale formations, in the continental U.S. It currently operates natural gas, crude oil and produced water gathering systems in various unconventional resource basins including the Williston Basin, DJ Basin, Barnett Shale, Piceance Basin, Permian Basin, and the Arkoma Basin. The company's reportable segments are: Rockies, Permian, Mid-Con, Piceance, and Northeast. Maximum revenue is generated from the Mid-Con segment. Summit generates revenue mainly from natural gas, NGLs, and condensate sales, and the provision of gathering and related services.
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