DVN Devon Energy PE ratio, current and historical analysis

As at Apr 1, 2025, the DVN stock has a PE ratio of 8.2. This is based on the current EPS of $4.58 and the stock price of $37.57 per share. The current PE ratio is comparable to the past four-quarter average.

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 eight years is 15.66. The current 8.2 PE ratio is 48% below the historical average. In the past eight 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.

Today
8.2
Average
15.66
Median
7.69
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 PE change Price EPS
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
2010 7.59 N/A $78.51 $10.35

Devon Energy PE ratio by quarter (TTM)

Year PE ratio PE change Price EPS
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
Jun 2022 6.97 -36.92% $55.11 $7.91
Mar 2022 11.05 5.34% $59.13 $5.35
Dec 2021 10.49 -50.38% $44.05 $4.2
Sep 2021 21.14 -86.24% $35.51 $1.68
Jun 2021 153.63 N/A $29.19 $0.19

DVN average PE ratio chart

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

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.

3-year avg
7.3
5-year avg
18.44
10-year avg
15.66
15-year avg
14.29

DVN PE vs peers

What is DVN's PE ratio compared to its peers

Compared to its peers COP and BP, DVN's PE ratio stands lower, however it is higher than SD's. Devon Energy's PE ratio is trading below the peer group average of 12.66.

Stock name PE ratio Market cap
SD Sandridge Energy Inc 6.74 $425.31M
DVN Devon Energy Corp 8.2 $24.38B
EOG Eog Resources Inc 11.43 $71.62B
COP Conocophillips 13.48 $134.1B
OXY Occidental Petroleum Corp 18.99 $46.16B
BP BP plc 241.5 $89.5B
EXE Expand Energy Corp. N/A $26.23B

Frequently asked questions

What is Devon Energy's PE ratio?

DVN stock has a price to earnings ratio of 8.2 as of Apr 1, 2025.

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 7.3.

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 18.44.

What is the highest PE ratio for DVN?

Over the last eight 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 8-year historical average.

Why is Devon Energy's PE ratio so low?

DVN's PE ratio of 8.2 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 (Apr 1, 2025), Devon Energy's stock price is $37.57. The earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $4.58. Therefore, Devon Energy's P/E ratio for today is 8.2. PE RATIO(8.2) = STOCK PRICE($37.57) / TTM EPS($4.58)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from and Sharadar.