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SM Energy CoSM +4.15%67 Equity-to-Asset is 0.41 as of Jun. 2026, which is 5% below its 10-year median of 0.43. 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 1,032 Oil & Gas companies, SM Energy Co ranks worse than 59.79% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. SM Energy Co's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $7,813 Mil. SM Energy Co's Total Assets for the quarter that ended in Jun. 2026 was $18,858 Mil.
Therefore, SM Energy Co's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.41.
The historical rank and industry rank for SM Energy Co's Equity-to-Asset or its related term are showing as below:
SM'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.31 Med: 0.43 Max: 0.58
Current: 0.41
During the past 13 years, the highest Equity to Asset Ratio of SM Energy Co was 0.58. The lowest was 0.31. And the median was 0.43.
SM's Equity-to-Asset is ranked worse than 59.79% of 1032
companies
in the Oil & Gas industry
Industry Median: 0.49
vs SM: 0.41
SM Energy Co (NYSE:SM) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
SM Energy Co Equity-to-Asset Related Terms
SM Energy Co Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for SM Energy Co's Equity-to-Asset 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 Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, SM Energy Co's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where SM Energy Co's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
SM Energy Co's Equity to Asset Ratio 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 (SM) has a Equity-to-Asset of 0.41 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on SM Energy Co and its competitors. This is near median its historical median of 0.43. Over the past decade, SM Energy Co's Equity-to-Asset has ranged from 0.31 to 0.58. According to the industry distribution chart, SM Energy Co ranks #617 out of 1032 companies in the Oil & Gas industry, placing it in the top 59.8%.
Is SM Energy Co's Equity-to-Asset too high?
SM Energy Co's current Equity-to-Asset of 0.41 is near median its 10-year median of 0.43. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 0.58. The Oil & Gas industry median Equity-to-Asset is 0.49. SM Energy Co's value of 0.41 is 16.3% below this industry median. Based on the distribution chart, SM Energy Co ranks #617 out of 1032 companies in the Oil & Gas industry, which is below 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 Equity-to-Asset compare to CHRD and RRC?
According to the Oil & Gas industry distribution chart, SM Energy Co ranks #617 out of 1032 companies for Equity-to-Asset. This places SM Energy Co in the lower half of its industry. The industry median Equity-to-Asset is 0.49. SM Energy Co's value of 0.41 is 16.3% below this benchmark. Historically, SM Energy Co's own Equity-to-Asset has ranged from 0.31 to 0.58 over the past decade. While the company's 10-year median is 0.43 vs. the industry median of 0.49, SM Energy Co has consistently been below 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,032 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SM Energy Co's current Equity-to-Asset of 0.41 is 16.3% below 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on SM Energy Co and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Energy Co's current Equity-to-Asset is 0.41, which is near median its own 10-year median of 0.43. 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 Equity-to-Asset is 0.41, which is near median its 10-year median of 0.43 and 16.3% below the Oil & Gas industry median of 0.49. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For SM Energy Co (SM), the current Equity-to-Asset is 0.41 as of Jun. 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:
Equity-to-Asset: 0.41 (near median its 10-year median of 0.43)
GF Value™: $49.85 vs. price of $37.64 (24.5% below fair value)
Industry Position: 16.3% below the Oil & Gas median (#617 of 1032)
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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