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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, SM Energy Co's Enterprise Value is $15,132 Mil.
SM Energy Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $430 Mil. Therefore, SM Energy Co's EV-to-EBIT ratio for today is 35.22.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, SM Energy Co's Enterprise Value is $15,132 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 ratio for today is 8.41.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, SM Energy Co's Enterprise Value is $15,132 Mil.
SM Energy Co's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $3,775 Mil. Therefore, SM Energy Co's EV-to-Revenue ratio for today is 4.01.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, SM Energy Co's Enterprise Value is $15,132 Mil.
SM Energy Co's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $555 Mil. Therefore, SM Energy Co's EV-to-FCF ratio for today is 27.26.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
SM Energy Co (LTS:0KZA) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
SM Energy Co's current Enterprise Value is $15,132 Mil.
SM Energy Co's EBIT 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 $430 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
SM Energy Co's current Enterprise Value is $15,132 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.
SM Energy Co's current Enterprise Value is $15,132 Mil.
SM Energy Co's Revenue 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 $3,775 Mil.
SM Energy Co's current Enterprise Value is $15,132 Mil.
SM Energy Co's Cash Flow from Operations 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 $2,168 Mil.
SM Energy Co's current Enterprise Value is $15,132 Mil.
SM Energy Co's Free Cash Flow 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 $555 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 Enterprise Value Related Terms
SM Energy Co Enterprise Value Historical Data
* Premium members only.
The historical data trend for SM Energy Co's Enterprise Value 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.
LTS:0KZA vs CHRD, RRC, MTDR: Enterprise Value Comparison
For the Oil & Gas E&P subindustry, SM Energy Co's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SM Energy Co's Enterprise Value distribution charts can be found below:
* The bar in red indicates where SM Energy Co's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
SM Energy Co's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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 (LTS:0KZA) has a Enterprise Value of $15,132 Mil as of Jul. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on SM Energy Co and its competitors.
Is SM Energy Co's Enterprise Value too high?
SM Energy Co's current Enterprise Value is $15,132 Mil. Overall, SM Energy Co has a GF Score™ of 68/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does SM Energy Co's Enterprise Value compare to CHRD and RRC?
SM Energy Co's Enterprise Value of $15,132 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 Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on SM Energy Co and its competitors. SM Energy Co's current Enterprise Value is $15,132 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 (LTS:0KZA) is currently considered Possible Value Trap. The stock's GF Value™ is $51.24, compared to a current price of $31.10 — trading 39.3% below its estimated fair value. The current Enterprise Value is $15,132 Mil. SM Energy Co's overall GF Score™ is 68/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For SM Energy Co (LTS:0KZA), the current Enterprise Value is $15,132 Mil 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 (LTS:0KZA) Overvalued in 2026?
Based on GuruFocus' analysis, SM Energy Co stock appears to be undervalued.
The current stock price of $31.10 is trading 39.3% below its estimated GF Value™ of $51.24.
GuruFocus considers SM Energy Co to be Possible Value Trap.
Key valuation signals for LTS:0KZA:
Enterprise Value: $15,132 Mil
GF Value™: $51.24 vs. price of $31.10 (39.3% below fair value)
No single metric tells the full story. See the LTS:0KZA 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.
68GF Score
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