As of Jun 25, 2025, the SM stock has a P/E ratio of 3.45. The calculation is based on the latest EPS of $7.16 and the stock price of $24.68 per share. A decrease of 36% has been observed in the PE ratio compared to its average of 5.4 of the past four quarters.
SM PE ratio history
The mean historical PE ratio of SM Energy over the last ten years is 18.7. The current 3.45 price-to-earnings ratio is 82% less than the historical average. Analyzing the last ten years, SM's PE ratio reached its highest point in the Mar 2019 quarter at 145.75, with a price of $17.49 and an EPS of $0.12. The Mar 2023 quarter saw the lowest point at 2.73, with a price of $28.16 and an EPS of $10.3.
SM Energy PE ratio by year
Maximum annual increase: 46.74% in 2023
Maximum annual decrease: -96.1% in 2022
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2024 | 5.78 | 2.85% | $38.76 | $6.71 |
| 2023 | 5.62 | 46.74% | $38.72 | $6.89 |
| 2022 | 3.83 | -96.1% | $34.83 | $9.09 |
| 2021 | 98.27 | N/A | $29.48 | $0.3 |
| 2020 | N/A | N/A | $6.12 | -$6.72 |
| 2019 | N/A | N/A | $11.24 | -$1.66 |
| 2018 | 3.41 | N/A | $15.48 | $4.54 |
| 2017 | N/A | N/A | $22.08 | -$1.44 |
| 2016 | N/A | N/A | $34.48 | -$9.9 |
| 2015 | N/A | N/A | $19.66 | -$6.61 |
| 2014 | 3.89 | -87.97% | $38.58 | $9.91 |
| 2013 | 32.34 | N/A | $83.11 | $2.57 |
| 2012 | N/A | N/A | $52.21 | -$0.83 |
| 2011 | 21.63 | 14.87% | $73.1 | $3.38 |
| 2010 | 18.83 | N/A | $58.93 | $3.13 |
SM Energy PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2025 | 4.18 | -27.68% | $29.95 | $7.16 |
| Dec 2024 | 5.78 | 3.77% | $38.76 | $6.71 |
| Sep 2024 | 5.57 | -10.16% | $39.97 | $7.18 |
| Jun 2024 | 6.2 | -20.41% | $43.23 | $6.97 |
| Mar 2024 | 7.79 | 38.61% | $49.85 | $6.4 |
| Dec 2023 | 5.62 | -2.26% | $38.72 | $6.89 |
| Sep 2023 | 5.75 | 61.97% | $39.65 | $6.89 |
| Jun 2023 | 3.55 | 30.04% | $31.63 | $8.91 |
| Mar 2023 | 2.73 | -28.72% | $28.16 | $10.3 |
| Dec 2022 | 3.83 | 7.58% | $34.83 | $9.09 |
| Sep 2022 | 3.56 | -23.61% | $37.61 | $10.55 |
| Jun 2022 | 4.66 | -66.38% | $34.19 | $7.34 |
| Mar 2022 | 13.86 | -85.9% | $38.95 | $2.81 |
| Dec 2021 | 98.27 | N/A | $29.48 | $0.3 |
| Sep 2021 | N/A | N/A | $26.38 | -$4.81 |
SM Price vs fair value
SM average PE ratio chart
The current PE ratio of SM is under its 3, 5 and 10-year averages.
SM PE vs peers
When compared to its peer stocks SN and RRC, SM's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SM SM Energy Co | 3.53 | $2.89B |
| SN SharkNinja Inc. | 29.69 | $13.36B |
| RRC Range Resources Corp | 36.84 | $9.86B |
| EXE Expand Energy Corp. | N/A | $28.38B |
| CRK Comstock Resources Inc | N/A | $8.44B |
Frequently asked questions
What is SM Energy's PE ratio?
As of Jun 25, 2025, SM stock has a price to earnings ratio of 3.45.
What is the 3-year average PE ratio for SM Energy (SM)?
Over the last 3 years, the average PE ratio for SM stock is 4.94.
What is the 5-year average PE ratio for SM Energy (SM)?
Over the last 5 years, the average PE ratio for SM stock is 12.24.
What is the highest PE ratio for SM?
Over the last ten years, the quarterly PE ratio reached its highest level at 145.75 in the Mar 2019 quarter.
How does the current PE ratio for SM compare to its historical average?
SM's current price to earnings ratio is 82% below its 10-year historical average.
Why is SM Energy's PE ratio so low?
SM's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
How is SM's PE ratio calculated (SM Energy PE ratio formula)?
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (Jun 25, 2025), SM Energy's share price is $24.68. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2025 is $7.16. Therefore, SM Energy's price to earnings ratio for today is 3.45. PE RATIO(3.45) = STOCK PRICE($24.68) / TTM EPS($7.16)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.