Devon Energy Corporation DVN

47.05 (1.85) (3.78%) as of 25 Sep
Market cap
$53.3B
P/E
11.1×
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Devon Energy Corporation (DVN) P/E ratio

As of 25 September 2026, Devon Energy Corporation (DVN) trades at a P/E ratio of 11.1×. Over the past ten years it has ranged from 0.0× (June 2021) to 188× (September 2021); the current reading is higher than 82% of that period. That is above the Oil & Gas E&P industry median of 10.6× and below the Energy sector median of 13.7×.

P/E ratio, daily

Annual

Period P/E ratio Change
FY2025 8.7× 22.60%
FY2024 7.1× (9.00%)
FY2023 7.8× 23.36%
FY2022 6.4× (39.58%)
FY2021 10.5× —
FY2020 0.0× —
FY2019 0.0× —
FY2018 3.5× (81.82%)
FY2017 19.2× —
FY2016 0.0× —

Quarterly

Period P/E ratio Change
Jun 2026 9.8× (29.92%)
Mar 2026 13.9× 59.45%
Dec 2025 8.7× 6.22%
Sep 2025 8.2× 15.91%
42 more quarters

Against its own ten years

Low 0.0× High 188×
Ten-year median 6.6×
Current reading's percentile 82

P/E ratio against peers

Company P/E ratio
WDS Woodside Energy Group Ltd compare 3.3×
EXE Expand Energy Corporation compare 7.5×
OXY Occidental Petroleum Corporation compare 8.6×
EOG EOG Resources, Inc. compare 10.9×
DVN Devon Energy Corporation 11.1×
EQT EQT Corporation compare 11.7×
COP ConocoPhillips compare 16.8×
FANG Diamondback Energy, Inc. compare 36.4×
TPL Texas Pacific Land Corporation compare 43.5×
Oil & Gas E&P industry median 10.6×
Energy sector median 13.7×
Market median 17.9×

What P/E ratio is

Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.

Stock Price ÷ EPS (Basic) (TTM)

The full definition of P/E ratio →

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