SM Energy Company (SM) P/E Ratio History
Historical price-to-earnings valuation from 1993 to 2025
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SM Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, SM Energy Company (SM) trades at a price-to-earnings ratio of 5.1x, with a stock price of $28.55 and trailing twelve-month earnings per share of $5.63.
The current P/E is 87% below its 5-year average of 39.5x. Over the past five years, SM's P/E has ranged from a low of 2.5x to a high of 589.6x, placing the current valuation at the 50th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, SM trades at a 70% discount to its sector peers. The sector includes 173 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, SM trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our SM DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
SM P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 3.2Lowest | 0.15Best | -6% | |
| $7B | 9.5 | - | -15% | |
| $4B | 24.3 | - | +161%Best | |
| $8B | 190.3 | - | -95% | |
| $5B | 14.8 | 0.31 | -5% | |
| $29B | 11.1 | - | -8% | |
| $55B | 34.0 | - | -63% | |
| $16B | 16.6 | - | -12% | |
| $34B | 26.9 | - | -47% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
SM Historical P/E Data (1993–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $18.70 | $5.64 | 3.3x | -82% |
| FY2025 Q3 | $24.97 | $6.33 | 3.9x | -78% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $24.71 | $7.07 | 3.5x | -81% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $29.95 | $7.13 | 4.2x | -77% |
| FY2024 Q4 | $38.76 | $6.67 | 5.8x | -68% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $39.97 | $7.16 | 5.6x | -69% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $43.23 | $6.95 | 6.2x | -66% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $49.85 | $6.38 | 7.8x | -57% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $38.72 | $6.87 | 5.6x | -69% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $39.65 | $6.84 | 5.8x | -68% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $31.63 | $8.83 | 3.6x | -80% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $28.16 | $10.18 | 2.8x | -85% |
Average P/E for displayed period: 18.1x
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Start ComparisonSM — Frequently Asked Questions
Quick answers to the most common questions about buying SM stock.
Is SM stock overvalued or undervalued?
SM trades at 5.1x P/E, below its 5-year average of 39.5x. At the 50th percentile of historical range, the stock is priced at a discount to its own history.
How does SM's valuation compare to peers?
SM Energy Company P/E of 5.1x compares to sector median of 16.8x. The discount suggests lower growth expectations or higher risk.
What is SM's PEG ratio?
SM PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1993-2025.