DVNDevon Energy

$48.47

Is the price fair?

What DVN's price assumes

Devon Energy trades at 11.5× earnings against 11.4× for the median Oil & Gas E&P name, more expensive than its own group.

11.5

Trailing P/E · Oil & Gas E&P median 11.4 · 1.01× the median: the market pays up for this one

Price / sales
1.87

Price / sales · as of 2026-Q1

Free cash flow yield
9.7%

Free cash flow yield · Oil & Gas E&P median 13%

Growth the price implies
−3.2%

Growth the price implies · The price pays for −3.2% free cash flow growth a year for a decade; the business has delivered +9.5% a year over the last three.

Details
Price / book2026-Q1
2.00
EV / sales2026-Q1
2.27
Energy median P/E127 names
17.1
Oil & Gas E&P median P/E31 names
11.4
Free cash flow, trailing twelve months
$4.69B
Market capitalisation
$48.6B
3-year revenue growth
+5.0%
3-year free cash flow growth
+9.5%
What the market has paid for these earnings: 19 quarters of its own multiple × $4.21 of trailing earnings per share
MethodPer share
Its own P/E history, lower quartile$29.02
Its own P/E history, median$31.85
Its own P/E history, upper quartile$36.68
52-week range$31.15 – $51.70
Today$48.47

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.