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Are Investors Undervaluing SM Energy (SM) Right Now?

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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.

In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.

One stock to keep an eye on is SM Energy (SM - Free Report) . SM is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 5.50. This compares to its industry's average Forward P/E of 12.05. SM's Forward P/E has been as high as 8.92 and as low as 4.35, with a median of 6.16, all within the past year.

Another notable valuation metric for SM is its P/B ratio of 1.18. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.98. Over the past year, SM's P/B has been as high as 1.64 and as low as 1.03, with a median of 1.30.

Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. SM has a P/S ratio of 1.95. This compares to its industry's average P/S of 2.21.

Finally, our model also underscores that SM has a P/CF ratio of 3.06. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. SM's P/CF compares to its industry's average P/CF of 6.74. Within the past 12 months, SM's P/CF has been as high as 4.21 and as low as 2.67, with a median of 3.30.

These are only a few of the key metrics included in SM Energy's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, SM looks like an impressive value stock at the moment.


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