Devon Energy
DVN
#674
Rank
$28.49 B
Marketcap
$44.48
Share price
0.95%
Change (1 day)
-18.74%
Change (1 year)

P/E ratio for Devon Energy (DVN)

P/E ratio as of March 2024 (TTM): 6.00

According to Devon Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.00272. 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
4.70-21.78%๐Ÿ‡ฆ๐Ÿ‡บ Australia
4.05-32.45%๐Ÿ‡ฌ๐Ÿ‡ง UK
12.3 104.67%๐Ÿ‡บ๐Ÿ‡ธ USA
8.45 40.72%๐Ÿ‡บ๐Ÿ‡ธ USA
8.91 48.45%๐Ÿ‡บ๐Ÿ‡ธ USA
9.47 57.77%๐Ÿ‡บ๐Ÿ‡ธ USA
10.8 80.64%๐Ÿ‡บ๐Ÿ‡ธ USA
2.41-59.85%๐Ÿ‡บ๐Ÿ‡ธ USA
2.07-65.46%๐Ÿ‡บ๐Ÿ‡ธ USA

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.