US · USD
SM
SM Energy Co
- Day's range
- $34.46 – $35.34
- Day's volume
- $81.6M
- 52-week range
- $17.20 – $41.29
Follow SM in the Fuolio
See how SM weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountSM in numbers
- Market cap
- $8.3B
- P/E
- 8.35
- P/B
- 1.07
- Dividend yield (12m)
- 3.02%
The 12-month dividend yield of SM is 3.02%, above its 5-year average of 1.65%.
SM price history
SM risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +90.22% | +1.50% | +33.88% |
| Volatility (annualized) | 49.95% | 43.46% | 46.45% |
| Largest drawdown | -15.72% | -61.03% | -61.03% |
| Positive months | 6/12 | 17/36 | 30/60 |
How much did investing in SM return?
$1,000.00 invested on 11/01/2021 would be worth $1,338.80 today.
- Value today in SM
- $1,338.80
- Return over the period
- +33.88%
- Return per year
- +6.10%
- In the S&P 500
- $1,712.05
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
SM fundamentals
Valuation
- P/E8.35
- P/B1.07
- EV/EBITDA—
- EV/EBIT5.13
- EV/Revenue1.52
- P/EBIT5.13
- P/S1.52
- P/OCF3.09
- P/FCF—
- Earnings yield19.49%
- PEG ratio—
- Earnings per share$4.20
- Book value per share$32.85
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio0.62
- Quick ratio—
- Cash ratio0.20
Efficiency
- Gross margin—
- EBITDA margin—
- Operating margin29.60%
- Net margin18.20%
- Asset turnover0.29
Profitability
- ROE12.80%
- ROA5.30%
- ROIC15.72%
- Payout25.21%
Growth
- Revenue CAGR (5 years)27.85%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is SM's fair price?
Two classic value formulas, with today's numbers. The current price is $35.10.
- Graham's fair price
- $55.74
- 58.82% above the price
√(22.50 × $4.20 × $32.85)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- $7.73
- 77.97% below the price
$0.46 (5-year average) ÷ 6%
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
SM's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 6.88 | 5.76 | 5.48 | 3.82 | 99.79 | -0.92 | -6.79 | 3.42 |
| P/B | 0.93 | 1.05 | 1.24 | 1.38 | 1.74 | 0.35 | 0.46 | 0.59 |
| Dividend yield | 4.28% | 1.91% | 1.55% | 0.46% | 0.07% | 0.33% | 0.89% | 0.65% |
| Earnings per share | $2.72 | $6.73 | $7.07 | $9.12 | $0.30 | -$6.66 | -$1.66 | $4.53 |
| Book value per share | $20.18 | $37.02 | $31.24 | $25.30 | $16.93 | $17.57 | $24.33 | $26.02 |
| ROE | 13.47% | 18.17% | 22.62% | 36.05% | 1.74% | -37.92% | -6.80% | 17.41% |
| ROIC | 16.23% | 20.24% | 24.43% | 40.79% | 4.31% | -20.19% | -1.06% | 22.34% |
| Gross margin | — | — | — | — | — | — | 68.51% | 76.42% |
| Net margin | 20.55% | 28.62% | 34.46% | 33.11% | 1.37% | -67.86% | -11.76% | 24.60% |
SM's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $3.2B | $2.7B | $2.4B | $3.4B | $2.6B | $1.1B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — |
| EBIT | $1B | $1.1B | $987M | $1.6B | $209.1M | -$1.1B |
| Financial result | — | — | — | — | — | — |
| Income before tax | $830M | $966M | $914M | $1.4B | $46.2M | -$956.7M |
| Income tax | -$182M | -$196M | -$96M | -$283.8M | -$9.9M | $192.1M |
| Net income | $648M | $770M | $818M | $1.1B | $36M | -$764.6M |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does SM pay dividends?
Dividend yield per year
- 0.45%2017
- 0.65%2018
- 0.89%2019
- 0.33%2020
- 0.07%2021
- 0.46%2022
- 1.55%2023
- 1.91%2024
- 4.28%2025
- 2.45%2026
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 09/03/2026 | 09/21/2026 | $0.22 |
| Dividend | 06/05/2026 | 06/22/2026 | $0.22 |
| Dividend | 03/06/2026 | 03/23/2026 | $0.22 |
| Dividend | 12/25/2025 | 01/09/2026 | $0.20 |
| Dividend | 10/16/2025 | 11/03/2025 | $0.20 |
| Dividend | 07/17/2025 | 08/04/2025 | $0.20 |
| Dividend | 04/16/2025 | 05/05/2025 | $0.20 |
| Dividend | 01/23/2025 | 02/03/2025 | $0.20 |
| Dividend | 10/24/2024 | 11/04/2024 | $0.20 |
| Dividend | 07/18/2024 | 08/05/2024 | $0.18 |
| Dividend | 04/17/2024 | 05/03/2024 | $0.18 |
| Dividend | 01/17/2024 | 02/05/2024 | $0.18 |
See all 29 distributions
| Type | Last day to own | Payment | Per share |
|---|---|---|---|
| Dividend | 10/20/2023 | 11/06/2023 | $0.15 |
| Dividend | 07/19/2023 | 08/07/2023 | $0.15 |
| Dividend | 04/19/2023 | 05/05/2023 | $0.15 |
| Dividend | 01/18/2023 | 02/06/2023 | $0.15 |
| Dividend | 10/21/2022 | 11/07/2022 | $0.15 |
| Dividend | 04/20/2022 | 05/06/2022 | $0.01 |
| Dividend | 10/21/2021 | 11/05/2021 | $0.01 |
| Dividend | 04/21/2021 | 05/07/2021 | $0.01 |
| Dividend | 10/21/2020 | 11/04/2020 | $0.01 |
| Dividend | 04/22/2020 | 05/08/2020 | $0.01 |
| Dividend | 10/23/2019 | 11/06/2019 | $0.05 |
| Dividend | 04/24/2019 | 05/08/2019 | $0.05 |
| Dividend | 10/24/2018 | 11/07/2018 | $0.05 |
| Dividend | 04/25/2018 | 05/09/2018 | $0.05 |
| Dividend | 10/18/2017 | 11/01/2017 | $0.05 |
| Dividend | 04/18/2017 | 05/03/2017 | $0.05 |
| Dividend | 10/18/2016 | 11/02/2016 | $0.05 |
About Sm Energy
- Sector
- Mining
Questions about SM
How much is SM today?
SM is at $35.10 (0.14% on the day), last traded on 10/06/2026.
How much did SM pay in dividends in 2025?
SM paid $0.80 per share in 2025, a dividend yield of 4.28%.
What are the P/E and P/B of SM?
SM trades at a P/E of 8.35 and a P/B of 1.07.
How much did SM return in 12 months?
SM returned 90.22% in 12 months, with annualized volatility of 49.95% and a largest drawdown of -15.72%.