What is SM Energy's price / book?

SM Energy (SM) reported price / book of 1.1× in Q1 2026.

How has SM Energy's price / book changed year-over-year?

SM Energy's price / book increased by 39.0% year-over-year, from 0.8× to 1.1×.

What is the long-term trend for SM Energy's price / book?

Over 5 years (2020 to 2025), SM Energy's price / book has grown at a 3.9% compound annual growth rate (CAGR), from 0.4× to 0.4×.

What does price / book mean?

Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.

SM Energy SM Price / book

Price / book at other companies

EOG ResourcesEOG

2.5×+0.1×

Devon EnergyDVN

2×+0.4×

FAN

Diamondback EnergyFANG

1.5×+0.3×

Chord EnergyCHRD

1×+0.2×

Antero ResourcesAR

1.6×-0.1×

Range ResourcesRRC

2.3×-0.1×

Other financials

Income statement

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Revenue$1.5B+75.0%

Gross profit$1.1B+69.5%

Operating income-$298.0M-208%

Net income-$335.0M-284%

EPS (diluted)-$1.68-206%

Balance sheet

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Cash & equivalents$449.0M+831,381%

Total debt$138.0M+111%

Total equity$6.9B+55.9%

Total assets$19.1B+118%

Cash flow

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Operating cash flow$640.0M+32.5%

CapEx$12.8M—

Free cash flow$500.6M+43.7%

Valuation

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Market cap$6.51B+117%

P/E49.8×+46.1×

P/S1.7×+0.7×

Profitability

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Gross margin71.3%-4.4pp

Operating margin11.2%-28.2pp

Net margin3.5%-24.1pp

FCF margin50.1%+2.8pp

Returns & leverage

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Return on equity2.3%-17.9pp

Debt / equity0×0.0×

Current ratio0.4×-0.2×

Where this comes from

Calculated from SM Energy’s reported figures.

market cap/total stockholders equity=1.1×

Based on the most recent quarter.

The official record: SM Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SM Energy's price / book?: SM Energy (SM) reported price / book of 1.1× in Q1 2026.
How has SM Energy's price / book changed year-over-year?: SM Energy's price / book increased by 39.0% year-over-year, from 0.8× to 1.1×.
What is the long-term trend for SM Energy's price / book?: Over 5 years (2020 to 2025), SM Energy's price / book has grown at a 3.9% compound annual growth rate (CAGR), from 0.4× to 0.4×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.