As of May 2, 2024, the SM stock has a P/E ratio of 6.93. The calculation is based on the latest EPS of $6.89 and the stock price of $47.74 per share. An increase of 57% has been observed in the PE ratio compared to its average of 4.4 of the past four quarters.
The mean historical PE ratio of SM Energy over the last ten years is 20.64. The current 6.93 price-to-earnings ratio is 66% 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.
Maximum annual increase: 46.74% in 2023
Maximum annual decrease: -96.1% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 5.62 | 46.74% |
| 2022 | 3.83 | -96.1% |
| 2021 | 98.27 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | 3.41 | N/A |
| 2017 | N/A | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 3.89 | -87.97% |
The current PE ratio of SM is under its 3, 5 and 10-year averages.
When compared to its peer stocks CHK and SN, SM's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SM SM Energy Co | 6.93 | $5.53B |
| CHK Chesapeake Energy Corp | 10.84 | $11.37B |
| RRC Range Resources Corp | 17.41 | $8.49B |
| CRK Comstock Resources Inc | 44.82 | $2.88B |
| SN SharkNinja Inc. | 54.27 | $9.06B |
As of May 2, 2024, SM stock has a price to earnings ratio of 6.93.
Over the last 3 years, the average PE ratio for SM stock is 15.76.
Over the last 5 years, the average PE ratio for SM stock is 16.04.
Over the last ten years, the quarterly PE ratio reached its highest level at 145.75 in the Mar 2019 quarter.
SM's current price to earnings ratio is 66% below its 10-year historical average.
SM's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
The P/E ratio is calculated by dividing the latest price of a stock by its trailing twelve months EPS. As of today (May 2, 2024), SM Energy's share price is $47.74. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $6.89. Therefore, SM Energy's price to earnings ratio for today is 6.93. PE RATIO(6.93) = STOCK PRICE($47.74) / TTM EPS($6.89)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.