SM Energy (SM) Price to Book (2009 - 2026)
SM Energy's (SM) Price to Book stood at 1.02 in Q3 2026, up 68.8% from 0.61 a year earlier and up 29.1% from the prior quarter.
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Analysis
SM Energy (SM) Price to Book (2009 - 2026) Analysis & Trends
For FY2025, SM Energy's Price to Book came in at 0.45, down 57.4% from FY2024.
- Annual Price to Book has declined for four straight years.
- Across earlier years, Price to Book came in at 1.05 in FY2024 (-15.5%), 1.24 in FY2023 (-10.0%), 1.38 in FY2022 (-20.9%) and 1.74 in FY2021 (+399.9%).
- The Q3 2026 figure is the highest quarterly Price to Book since Q4 2024.
- On a year-over-year basis, Price to Book has increased for three consecutive quarters, with an average decline of 13.4% over the last eight quarters.
- Peak year-over-year performance for Price to Book in the last five years was growth of 399.9% in Q4 2021, against a decline of 57.4% in Q4 2025 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.79 (Q2 2026), 0.90 (Q1 2026) and 0.45 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn |
| 10 | SM Energy | 7.71 Bn | 5.83 Bn | 1.60 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.02 |
| Jun 30, 2026 | 0.79 |
| Mar 31, 2026 | 0.90 |
| Dec 31, 2025 | 0.45 |
| Sep 30, 2025 | 0.61 |
| Jun 30, 2025 | 0.62 |
| Mar 31, 2025 | 0.78 |
| Dec 31, 2024 | 1.05 |
| Sep 30, 2024 | 1.13 |
| Jun 30, 2024 | 1.28 |
| Mar 31, 2024 | 1.55 |
| Dec 31, 2023 | 1.24 |
| Sep 30, 2023 | 1.35 |
| Jun 30, 2023 | 1.13 |
| Mar 31, 2023 | 1.05 |
| Dec 31, 2022 | 1.38 |
| Sep 30, 2022 | 1.61 |
| Jun 30, 2022 | 1.71 |
| Mar 31, 2022 | 2.24 |
| Dec 31, 2021 | 1.74 |
API Access
SM Energy Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=SM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "SM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=SM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();