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Summit MidstreamSMC -1.67%65 Equity-to-Asset is 0.25 as of Jun. 2026, which is 29% below its 10-year median of 0.35. GuruFocus rates SMC with a GF Score™ of 65/100 and a GF Value™ of $29.25 (Modestly Overvalued). The stock has 11 warning signs investors should review. Among 1,032 Oil & Gas companies, Summit Midstream ranks worse than 77.81% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Summit Midstream's Total Stockholders Equity for the quarter that ended in Jun. 2026 was $598.4 Mil. Summit Midstream's Total Assets for the quarter that ended in Jun. 2026 was $2,407.4 Mil.
Therefore, Summit Midstream's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.25.
The historical rank and industry rank for Summit Midstream's Equity-to-Asset or its related term are showing as below:
SMC'
s Equity-to-Asset Range Over the Past 10 Years
Min: -0.07 Med: 0.35 Max: 0.48
Current: 0.25
During the past 13 years, the highest Equity to Asset Ratio of Summit Midstream was 0.48. The lowest was -0.07. And the median was 0.35.
SMC's Equity-to-Asset is ranked worse than 77.81% of 1032
companies
in the Oil & Gas industry
Industry Median: 0.49
vs SMC: 0.25
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%.
Summit Midstream Equity-to-Asset Related Terms
Summit Midstream Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Summit Midstream'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.
SMC vs KNOP, WHK, IMPP: Equity-to-Asset Comparison
For the Oil & Gas Midstream subindustry, Summit Midstream'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.
Summit Midstream Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Summit Midstream'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.
Summit Midstream'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.
Summit Midstream (SMC) has a Equity-to-Asset of 0.25 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Summit Midstream and its competitors. This is 29% below median its historical median of 0.35. According to the industry distribution chart, Summit Midstream ranks #803 out of 1032 companies in the Oil & Gas industry, placing it in the top 77.8%.
Is Summit Midstream's Equity-to-Asset too high?
Summit Midstream's current Equity-to-Asset of 0.25 is 29% below median its 10-year median of 0.35. The Oil & Gas industry median Equity-to-Asset is 0.49. Summit Midstream's value of 0.25 is 49% below this industry median. Based on the distribution chart, Summit Midstream ranks #803 out of 1032 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Summit Midstream has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's Equity-to-Asset compare to KNOP and WHK?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #803 out of 1032 companies for Equity-to-Asset. This places Summit Midstream in the lower half of its industry. The industry median Equity-to-Asset is 0.49. Summit Midstream's value of 0.25 is 49% below this benchmark. While the company's 10-year median is 0.35 vs. the industry median of 0.49, Summit Midstream 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. Summit Midstream's current Equity-to-Asset of 0.25 is 49% 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 Summit Midstream 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. Summit Midstream's current Equity-to-Asset is 0.25, which is 29% below median its own 10-year median of 0.35. 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 $29.25, compared to a current price of $34.11 — trading 16.6% above its estimated fair value. The current Equity-to-Asset is 0.25, which is 29% below median its 10-year median of 0.35 and 49% below the Oil & Gas industry median of 0.49. Summit Midstream's overall GF Score™ is 65/100 with 11 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 Summit Midstream (SMC), the current Equity-to-Asset is 0.25 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 Summit Midstream (SMC) Overvalued in 2026?
Based on GuruFocus' analysis, Summit Midstream stock appears to be overvalued.
The current stock price of $34.11 is trading 16.6% above its estimated GF Value™ of $29.25.
GuruFocus considers Summit Midstream to be Modestly Overvalued.
Key valuation signals for SMC:
Equity-to-Asset: 0.25 (29% below median its 10-year median of 0.35)
GF Value™: $29.25 vs. price of $34.11 (16.6% above fair value)
Industry Position: 49% below the Oil & Gas median (#803 of 1032)
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.
65GF Score
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