Devon Energy Corporation (DVN) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in t...
Devon Energy Corporation (DVN) currently trades at a P/E ratio of 17.01 (historical range: 3.81–87.10, median: 8.56), placing it at the 85th percentile — expensive relative to its history, P/S ratio of 2.84 (range: 1.20–4.55, 81th percentile — expensive relative to its history), EV/EBITDA of 13.80 (range: 5.64–20.91, 80th percentile).
Over the historical period (2021-09-14 to 2026-10-16), Devon Energy Corporation's P/E ratio has contracted by 27% over the observed period (from an average of 13.1 to 9.6).
Devon Energy Corporation trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 17.01 | 8.56 | 85th | expensive relative to its history |
| P/S Ratio | 2.84 | 2.13 | 81th | expensive relative to its history |
| EV/EBITDA | 13.80 | 12.49 | 80th | expensive relative to its history |
| FCF Yield | 8.41% | 10.85% | 24th | above its historical average |
Devon Energy Corporation (DVN) Valuation & P/E History
Devon Energy Corporation (DVN) is a US-listed stock operating in the Energy sector, specifically the Crude Petroleum & Natural Gas industry currently trading at $50.70 with a market capitalization of $55.8 billion. This page provides historical valuation analysis for DVN based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 17.01 is above the historical median of 8.56, placing DVN at the 85th percentile of its valuation range. The P/S ratio of 2.84 compares to a median of 2.13.
DVN Valuation Metrics & Historical Range
The valuation table above shows Devon Energy Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether DVN is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests DVN is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Devon Energy Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is DVN Overvalued or Undervalued?
Devon Energy Corporation trades well above its own historical valuation range across most metrics. The overall valuation percentile of 82 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive DVN is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full DVN analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.DVN trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.