DVN Devon Energy PE ratio, current and historical analysis
As at Nov 15, 2024, the DVN stock has a PE ratio of 7.1. This is based on the current EPS of $5.42 and the stock price of $38.47 per share. A decrease of 14% has been recorded in the P/E ratio compared to the average of 8.3 of the last 4 quarters.
DVN PE ratio history
The mean historical PE ratio of Devon Energy over the last ten years is 16.0. The current 7.1 PE ratio is 56% 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.
Devon Energy PE ratio by year
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 |
DVN average PE ratio chart
The current PE ratio of DVN is lower than the 3, 5 and 10-year averages.
DVN PE vs peers
Compared to its peer stocks COP and BP, DVN's PE ratio stands lower. Devon Energy's PE ratio is trading below the peer group average of 14.32.
| Stock name | PE ratio | Market cap |
|---|---|---|
| DVN Devon Energy Corp | 7.1 | $25.27B |
| SD Sandridge Energy Inc | 8.95 | $426.1M |
| EOG Eog Resources Inc | 10.79 | $75.68B |
| OXY Occidental Petroleum Corp | 12.19 | $46.89B |
| MRO Marathon Oil Corp | 12.27 | $15.99B |
| COP Conocophillips | 13.31 | $129.27B |
| BP BP plc | 28.41 | $78.71B |
| EXE Expand Energy Corp. | 48.22 | $21.95B |
Frequently asked questions
What is Devon Energy's PE ratio?
DVN stock has a price to earnings ratio of 7.1 as of Nov 15, 2024.
What is the 3-year average PE ratio for Devon Energy (DVN)?
Over the last 3 years, the average price to earnings ratio for DVN stock is 7.89.
What is the 5-year average PE ratio for Devon Energy (DVN)?
Over the last 5 years, the average price to earnings ratio for DVN stock is 19.25.
What is the highest PE ratio for DVN?
Over the last ten years, the quarterly PE ratio reached a historic high of 153.63 in the Jun 2021 quarter.
How does the current PE ratio for DVN compare to its historical average?
DVN's current price to earnings ratio is 56% below its 10-year historical average.
Why is Devon Energy's PE ratio so low?
DVN's PE ratio of 7.1 is considered low because the company's stock price is trading at a lower multiple of earnings.
How is DVN's PE ratio calculated (Devon Energy PE ratio formula)?
To determine the PE ratio, divide the most recent stock price by the TTM earnings per share (EPS). As of today (Nov 15, 2024), Devon Energy's stock price is $38.47. The earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $5.42. Therefore, Devon Energy's P/E ratio for today is 7.1. PE RATIO(7.1) = STOCK PRICE($38.47) / TTM EPS($5.42)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.