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DEVON ENERGY CORP/DE DVN

NYSE · stock · Crude Petroleum & Natural Gas · website · IPO 1985-07-22

DEVON ENERGY CORP/DE statistics & valuation

Market cap$48.7B
P / E18.4×
P / S2.8×
P / B3.1×
Dividend yield0.66%
Net margin15.4%
Return on equity17.0%
Net debt$7.0B
Enterprise value USD$55.7B
Graham number +6.9%$47.98

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($47.98); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-15.60% 13.80% 34.40% -5.30% -55.50% 20.50% 30.30% 24.60% 18.10% 15.40% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
-42.90% 2016201720182019202020212022202320242025
Return on equity (%)
-8.30% 6.40% 33.40% -6.00% -88.80% 29.90% 53.20% 30.70% 19.70% 17.00% 2016201720182019202020212022202320242025
Shares outstanding
1.01B 1.04B 994.0M 802.0M 754.0M 665.0M 653.0M 642.0M 634.0M 633.0M 2016201720182019202020212022202320242025
Net debt ($)
$8.21B $4.11B $1.88B $2.83B $2.25B $4.38B $5.13B $5.30B $8.07B $7.00B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-3.70% 3.00% 15.70% -2.60% -27.00% 13.40% 25.80% 15.30% 9.50% 8.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
9.60% 44.10% 17.20% 30.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.80× 0.48× 0.47× 0.73× 1.42× 0.69× 0.57× 0.50× 0.60× 0.54× 2016201720182019202020212022202320242025
EPS ($)
-$1.04 $0.85 $3.05 -$0.45 -$3.56 $4.19 $9.12 $5.84 $4.56 $4.17 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

DEVON ENERGY CORP/DE trades at about 10.8× earnings — above its 10-year norm (10-year range 6.9×–48.7×, median 9.6×).

6.9× 48.7×

Shaded band = 10-year range (6.9×–48.7×); dot = today's 10.8×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin—————————-42.9%
Net margin15.4%18.1%24.6%30.3%20.5%-55.5%-5.3%34.4%13.8%-15.6%
FCF margin——————30.1%17.2%44.1%9.6%
Return on assets8.4%9.5%15.3%25.8%13.4%-27.0%-2.6%15.7%3.0%-3.7%
Return on equity17.0%19.7%30.7%53.2%29.9%-88.8%-6.0%33.4%6.4%-8.3%
Debt / equity0.54×0.60×0.50×0.57×0.69×1.42×0.73×0.47×0.48×0.80×
Current ratio0.981.041.071.251.382.262.001.991.451.44

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.