As at Jun 22, 2026, the DVN stock has a PE ratio of 11.93. This is based on the current EPS of $3.61 and the stock price of $43.05 per share. An increase of 25% has been recorded in the P/E ratio compared to the average of 9.5 of the last 4 quarters.
DVN PE ratio history
The mean historical PE ratio of Devon Energy over the last ten years is 14.6. The current 11.93 PE ratio is 18% 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: 22.52% in 2025
Maximum annual decrease: -84.84% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 8.76 | 22.52% | $36.63 | $4.18 |
| 2024 | 7.15 | -7.5% | $32.73 | $4.58 |
| 2023 | 7.73 | 15.03% | $45.3 | $5.86 |
| 2022 | 6.72 | -35.94% | $61.51 | $9.15 |
| 2021 | 10.49 | N/A | $44.05 | $4.2 |
| 2020 | N/A | N/A | $15.81 | -$7.12 |
| 2019 | N/A | N/A | $25.97 | -$0.89 |
| 2018 | 3.67 | -84.84% | $22.54 | $6.14 |
| 2017 | 24.21 | N/A | $41.4 | $1.71 |
| 2016 | N/A | N/A | $45.67 | -$2.09 |
| 2015 | N/A | N/A | $32 | -$31.72 |
| 2014 | 15.58 | N/A | $61.21 | $3.93 |
| 2013 | N/A | N/A | $61.87 | -$0.06 |
| 2012 | N/A | N/A | $52.04 | -$0.52 |
| 2011 | 5.49 | -27.67% | $62 | $11.29 |
Devon Energy PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 13.94 | 59.13% | $50.32 | $3.61 |
| Dec 2025 | 8.76 | 6.44% | $36.63 | $4.18 |
| Sep 2025 | 8.23 | 15.92% | $35.06 | $4.26 |
| Jun 2025 | 7.1 | -16.27% | $31.81 | $4.48 |
| Mar 2025 | 8.48 | 18.6% | $37.4 | $4.41 |
| Dec 2024 | 7.15 | -0.97% | $32.73 | $4.58 |
| Sep 2024 | 7.22 | -15.65% | $39.12 | $5.42 |
| Jun 2024 | 8.56 | -10.08% | $47.4 | $5.54 |
| Mar 2024 | 9.52 | 23.16% | $50.18 | $5.27 |
| Dec 2023 | 7.73 | -4.57% | $45.3 | $5.86 |
| Sep 2023 | 8.1 | 23.1% | $47.7 | $5.89 |
| Jun 2023 | 6.58 | 19.64% | $48.34 | $7.35 |
| Mar 2023 | 5.5 | -18.15% | $50.61 | $9.21 |
| Dec 2022 | 6.72 | 6.84% | $61.51 | $9.15 |
| Sep 2022 | 6.29 | -9.76% | $60.13 | $9.56 |
DVN Price vs fair value
DVN average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of DVN is greater than its 3-year historical average, but it is lower than the 5 and 10-year averages.
PE comparison
Devon Energy's P/E of 11.93 is below the Energy sector, the industry and its peers average. Compared to its Energy sector average of 16.89, Devon Energy's P/E is 29% lower.
DVN PE vs peers
Compared to its peers COP and BP, DVN's PE ratio stands lower, however it is higher than EXE's and SD's. Devon Energy's PE ratio is trading below the peer group average of 14.91.
| Stock name | PE ratio | Market cap |
|---|---|---|
| EXE Expand Energy Corp. | 6.56 | $21.23B |
| SD Sandridge Energy Inc | 6.77 | $517.22M |
| DVN Devon Energy Corp | 12.02 | $26.96B |
| OXY Occidental Petroleum Corp | 12.9 | $51.97B |
| EOG Eog Resources Inc | 13.17 | $71.85B |
| COP Conocophillips | 18.63 | $133.88B |
| BP BP plc | 31.54 | $108.53B |
Frequently asked questions
What is Devon Energy's PE ratio?
DVN stock has a price to earnings ratio of 11.93 as of Jun 22, 2026.
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 8.45.
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 16.16.
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 18% below its 10-year historical average.
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 (Jun 22, 2026), Devon Energy's stock price is $43.05. The earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.61. Therefore, Devon Energy's P/E ratio for today is 11.93. PE RATIO(11.93) = STOCK PRICE($43.05) / TTM EPS($3.61)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.