Devon Energy Corporation (DVN) P/E Ratio History
Historical price-to-earnings valuation from 1990 to 2025
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DVN Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Devon Energy Corporation (DVN) trades at a price-to-earnings ratio of 12.1x, with a stock price of $50.99 and trailing twelve-month earnings per share of $4.25.
The current P/E is 23% below its 5-year average of 15.9x. Over the past five years, DVN's P/E has ranged from a low of 5.5x to a high of 153.6x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Energy sector median P/E of 17.1x, DVN trades at a 29% discount to its sector peers. The sector includes 172 companies with P/E ratios ranging from 3.2x to 149.1x.
Relative to the broader market, DVN trades at a notable discount to the S&P 500 median P/E of 25.1x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our DVN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
DVN P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $150B | 19.4 | - | -19% | |
| $75B | 15.5 | - | -19% | |
| $15B | 10.4 | - | +75%Best | |
| $58B | 36.0 | - | -63% | |
| $16B | 13.2 | - | +14% | |
| $656B | 23.1 | - | -15% | |
| $384B | 29.1 | - | -32% | |
| $59B | 36.9 | - | -34% | |
| $4B | 5.5Lowest | - | -15% | |
| $27B | 15.8 | 0.45Best | +49% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
DVN Historical P/E Data (1990–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $36.63 | $4.17 | 8.8x | -62% |
| FY2025 Q3 | $35.06 | $4.26 | 8.2x | -65% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $31.81 | $4.47 | 7.1x | -69% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $37.40 | $4.40 | 8.5x | -64% |
| FY2024 Q4 | $32.73 | $4.57 | 7.2x | -69% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $39.12 | $5.39 | 7.3x | -69% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $47.40 | $5.51 | 8.6x | -63% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $50.18 | $5.25 | 9.6x | -59% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $45.30 | $5.85 | 7.7x | -67% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $47.70 | $5.86 | 8.1x | -65% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $48.34 | $7.33 | 6.6x | -72% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $50.61 | $9.18 | 5.5x | -76% |
Average P/E for displayed period: 23.3x
Full DVN Stock Analysis
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Start ComparisonDVN — Frequently Asked Questions
Quick answers to the most common questions about buying DVN stock.
Is DVN stock overvalued or undervalued?
DVN trades at 12.1x P/E, below its 5-year average of 15.9x. At the 90th percentile of historical range, the stock is priced at a discount to its own history.
How does DVN's valuation compare to peers?
Devon Energy Corporation P/E of 12.1x compares to sector median of 17.1x. The discount suggests lower growth expectations or higher risk.
What is DVN's PEG ratio?
DVN PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1990-2025.