Devon Energy
DVN
#950
Rank
$20.35 B
Marketcap
$30.98
Share price
0.68%
Change (1 day)
-33.60%
Change (1 year)

P/E ratio for Devon Energy (DVN)

P/E ratio as of December 2024 (TTM): 4.22

According to Devon Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 4.22071. At the end of 2022 the company had a P/E ratio of 6.72.

P/E ratio history for Devon Energy from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20226.72-36.06%
202110.5-573.46%
2020-2.22-91.71%
2019-26.8-867.32%
20183.49-77.5%
201715.5-335.96%
2016-6.57630.64%
2015-0.8994-105.76%
201415.6-102.02%
2013-773702.5%
2012-96.4-1856.43%
20115.49-27.32%
20107.55-157.21%
2009-13.2-3.01%
2008-13.6-223.64%
200711.05.31%
200610.46.76%
20059.7913.41%
20048.6328.71%
20036.70-90.65%
200271.729.89%
200155.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
8.85 109.56%๐Ÿ‡บ๐Ÿ‡ธ USA
7.48 77.10%๐Ÿ‡บ๐Ÿ‡ธ USA
10.5 148.57%๐Ÿ‡บ๐Ÿ‡ธ USA
12.4 194.51%๐Ÿ‡บ๐Ÿ‡ธ USA
10.5 149.29%๐Ÿ‡บ๐Ÿ‡ธ USA
2.04-51.67%๐Ÿ‡บ๐Ÿ‡ธ USA
1.94-54.02%๐Ÿ‡บ๐Ÿ‡ธ USA
4.05-4.14%๐Ÿ‡ฆ๐Ÿ‡บ Australia
3.33-21.06%๐Ÿ‡ฌ๐Ÿ‡ง UK

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.