As at Apr 26, 2024, the DVN stock has a PE ratio of 8.99. This is based on the current EPS of $5.86 and the stock price of $52.71 per share. An increase of 29% has been recorded in the P/E ratio compared to the average of 7.0 of the last 4 quarters.
The mean historical PE ratio of Devon Energy over the last ten years is 16.95. The current 8.99 PE ratio is 47% below the historical average. In the past ten years, DVN's PE ratio was at its highest in the Jun 2021 quarter at 153.63, with a price of $29.19 and an EPS of $0.19. The Jun 2019 quarter recorded the bottom point at 3.55, with a price of $28.52 and an EPS of $8.03.
Maximum annual increase: 15.03% in 2023
Maximum annual decrease: -84.84% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 7.73 | 15.03% |
| 2022 | 6.72 | -35.94% |
| 2021 | 10.49 | N/A |
| 2020 | N/A | N/A |
| 2019 | N/A | N/A |
| 2018 | 3.67 | -84.84% |
| 2017 | 24.21 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 15.58 | N/A |
The current PE ratio of DVN is lower than the 3, 5 and 10-year averages.
Compared to its peers COP and EOG, DVN's PE ratio stands lower, however it is higher than BP's and CHK's. Devon Energy's PE ratio is trading below the peer group average of 10.73.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CHK Chesapeake Energy Corp | 5.06 | $12.04B |
| BP BP plc | 7.49 | $110.89B |
| SD Sandridge Energy Inc | 8.82 | $539.82M |
| DVN Devon Energy Corp | 8.99 | $33.47B |
| EOG Eog Resources Inc | 10.38 | $78.71B |
| MRO Marathon Oil Corp | 10.85 | $16.03B |
| PXD Pioneer Natural Resources Co | 12.87 | $62.81B |
| COP Conocophillips | 14.34 | $153.22B |
| OXY Occidental Petroleum Corp | 16.06 | $59.61B |
DVN stock has a price to earnings ratio of 8.99 as of Apr 26, 2024.
Over the last 3 years, the average price to earnings ratio for DVN stock is 22.2.
Over the last 5 years, the average price to earnings ratio for DVN stock is 19.65.
Over the last ten years, the quarterly PE ratio reached a historic high of 153.63 in the Jun 2021 quarter.
DVN's current price to earnings ratio is 47% below its 10-year historical average.
DVN's PE ratio of 8.99 is considered low because the company's stock price is trading at a lower multiple of earnings.
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), Devon Energy's stock price is $52.71. The earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $5.86. Therefore, Devon Energy's P/E ratio for today is 8.99. PE RATIO(8.99) = STOCK PRICE($52.71) / TTM EPS($5.86)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.