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DVN Devon Energy PE ratio, current and historical analysis

As at Jun 20, 2024, the DVN stock has a PE ratio of 8.73. This is based on the current EPS of $5.27 and the stock price of $45.99 per share. An increase of 9% has been recorded in the P/E ratio compared to the average of 8.0 of the last 4 quarters.

DVN PE ratio history

How has DVN's PE ratio performed in the past

The mean historical PE ratio of Devon Energy over the last ten years is 16.66. The current 8.73 PE ratio is 48% 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.

Average
16.66
Median
8.1
Minimum
3.55
Maximum
153.63

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

What is the average PE ratio of DVN for the past years

The current PE ratio of DVN is lower than the 3, 5 and 10-year averages.

3-year avg
21.14
5-year avg
18.93
10-year avg
16.66
15-year avg
14.73

DVN PE vs peers

What is DVN's PE ratio compared to its 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 11.54.

Stock name PE ratio Market cap
DVN Devon Energy Corp 8.73 $29.07B
EOG Eog Resources Inc 9.59 $70.11B
SD Sandridge Energy Inc 9.97 $484.86M
CHK Chesapeake Energy Corp 10.48 $11B
BP BP plc 10.82 $100.69B
MRO Marathon Oil Corp 11.5 $15.7B
COP Conocophillips 12.58 $130.2B
OXY Occidental Petroleum Corp 15.81 $55.36B

Frequently asked questions

What is Devon Energy's PE ratio?

DVN stock has a price to earnings ratio of 8.73 as of Jun 20, 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 21.14.

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 18.93.

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 48% below its 10-year historical average.

Why is Devon Energy's PE ratio so low?

DVN's PE ratio of 8.73 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 (Jun 20, 2024), Devon Energy's stock price is $45.99. The earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.27. Therefore, Devon Energy's P/E ratio for today is 8.73. PE RATIO(8.73) = STOCK PRICE($45.99) / TTM EPS($5.27)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.