Summit MidstreamSMC +1.69%64 EV-to-FCF is 54.85 as of Jun. 28, 2026, which is 190% above its 10-year median of 18.94. GuruFocus rates SMC with a GF Score™ of 64/100 and a GF Value™ of $29.42 (Fairly Valued). The stock has 9 warning signs investors should review. Among 581 Oil & Gas companies, Summit Midstream ranks worse than 87.61% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Summit Midstream's Enterprise Value is $2,014.1 Mil.
Summit Midstream's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $36.7 Mil. Therefore, Summit Midstream's EV-to-FCF for today is 54.85.
The historical rank and industry rank for Summit Midstream's EV-to-FCF or its related term are showing as below:
SMC'
s EV-to-FCF Range Over the Past 10 Years
Min: -2292.06 Med: 18.94 Max: 252.18
Current: 54.85
During the past 13 years, the highest EV-to-FCF of Summit Midstream was 252.18. The lowest was -2292.06. And the median was 18.94.
SMC's EV-to-FCF is ranked worse than 87.61% of 581
companies
in the Oil & Gas industry
Industry Median: 15.46
vs SMC: 54.85
EV-to-FCF 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-FCF 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 $29.56.
Summit Midstream's Earnings per Share (Diluted) 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 $-1.880.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Summit Midstream EV-to-FCF Related Terms
Summit Midstream EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Summit Midstream's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Summit Midstream's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Summit Midstream's EV-to-FCF falls into.
Summit Midstream's current Enterprise Value is $2,014.1 Mil.
Summit Midstream'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 $36.7 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-FCF of 54.85 as of Jun. 28, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Summit Midstream and its competitors. This is 190% above median its historical median of 18.94. According to the industry distribution chart, Summit Midstream ranks #509 out of 581 companies in the Oil & Gas industry, placing it in the top 87.6%.
Is Summit Midstream's EV-to-FCF too high?
Summit Midstream's current EV-to-FCF of 54.85 is 190% above median its 10-year median of 18.94. The Oil & Gas industry median EV-to-FCF is 15.46. Summit Midstream's value of 54.85 is 254.8% above this industry median. Based on the distribution chart, Summit Midstream ranks #509 out of 581 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Summit Midstream has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Summit Midstream's EV-to-FCF compare to KNOP and IMPP?
According to the Oil & Gas industry distribution chart, Summit Midstream ranks #509 out of 581 companies for EV-to-FCF. This places Summit Midstream in the lower half of its industry. The industry median EV-to-FCF is 15.46. Summit Midstream's value of 54.85 is 254.8% above this benchmark. While the company's 10-year median is 18.94 vs. the industry median of 15.46, 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.46, based on 581 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Summit Midstream's current EV-to-FCF of 54.85 is 254.8% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Summit Midstream and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Summit Midstream's current EV-to-FCF is 54.85, which is 190% above median its own 10-year median of 18.94. 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 Fairly Valued. The stock's GF Value™ is $29.42, compared to a current price of $29.56 — trading 0.5% above its estimated fair value. The current EV-to-FCF is 54.85, which is 190% above median its 10-year median of 18.94 and 254.8% above the Oil & Gas industry median of 15.46. Summit Midstream's overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Summit Midstream (SMC), the current EV-to-FCF is 54.85 as of Jun. 28, 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 $29.56 is trading 0.5% above its estimated GF Value™ of $29.42.
GuruFocus considers Summit Midstream to be Fairly Valued.
Key valuation signals for SMC:
EV-to-FCF: 54.85 (190% above median its 10-year median of 18.94)
GF Value™: $29.42 vs. price of $29.56 (0.5% above fair value)
Industry Position: 254.8% above the Oil & Gas median (#509 of 581)
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.
64GF Score
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