SM Energy Co (LTS:0KZA) ROCE %: -10.35% (As of Mar. 2026)

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LTS:0KZA SM Energy Co LTS:0KZA
68 GF Score
Price $31.10
GF Value $51.24
Valuation Possible Value Trap
! 10 Warning Signs
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What is SM Energy Co ROCE %?

SM Energy Co LTS:0KZA +5.18% 68 ROCE % is -10.35% as of Mar. 2026. GuruFocus rates LTS:0KZA with a GF Score™ of 68/100 and a GF Value™ of $51.24 (Possible Value Trap). The stock has 10 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. SM Energy Co's annualized ROCE % for the quarter that ended in Mar. 2026 was -10.35%.

SM Energy Co  (LTS:0KZA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

SM Energy Co ROCE % Related Terms

SM Energy Co ROCE % Historical Data

* Premium members only.

The historical data trend for SM Energy Co's ROCE % 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.

SM Energy Co ROCE % Chart

SM Energy Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.73 32.05 18.52 16.36 12.64

SM Energy Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.02 14.64 12.28 9.19 -10.35
LTS:0KZA
68GF Score
SM Energy Co LTS:0KZA
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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SM Energy Co ROCE % Calculation

SM Energy Co's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=1003/( ( (8577 - 790) + (9253 - 1169) )/ 2 )
=1003/( (7787+8084)/ 2 )
=1003/7935.5
=12.64 %

SM Energy Co's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=-1188/( ( (9253 - 1169) + (19144 - 4280) )/ 2 )
=-1188/( ( 8084 + 14864 )/ 2 )
=-1188/11474
=-10.35 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -10.35% mean?
SM Energy Co (LTS:0KZA) has a ROCE % of -10.35% as of Mar. 2026.
Is SM Energy Co's ROCE % too high?
SM Energy Co's current ROCE % is -10.35%. 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 ROCE % compare to CHRD and RRC?
SM Energy Co's ROCE % of -10.35% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.87. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.87, based on 976 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SM Energy Co's current ROCE % is -10.35%. 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 ROCE % is -10.35%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For SM Energy Co (LTS:0KZA), the current ROCE % is -10.35% as of Mar. 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:

  • ROCE %: -10.35%
  • GF Value™: $51.24 vs. price of $31.10 (39.3% below fair value)
  • GF Score™: 68/100 with 10 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges SM:USASJL:Germany
Address 1700 Lincoln Street, Suite 3200, Denver, CO, USA, 80203
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

Get the complete analysis for LTS:0KZA

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$31.10
Price
$51.24
GF Value