P/E ratio for Devon Energy (DVN)
P/E ratio as of April 2024 (TTM): 7.10
According to Devon Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.09809. 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 |
|---|---|---|
| 2022 | 6.72 | -36.06% |
| 2021 | 10.5 | -573.46% |
| 2020 | -2.22 | -91.71% |
| 2019 | -26.8 | -867.32% |
| 2018 | 3.49 | -77.5% |
| 2017 | 15.5 | -335.96% |
| 2016 | -6.57 | 630.64% |
| 2015 | -0.8994 | -105.76% |
| 2014 | 15.6 | -102.02% |
| 2013 | -773 | 702.5% |
| 2012 | -96.4 | -1856.43% |
| 2011 | 5.49 | -27.32% |
| 2010 | 7.55 | -157.21% |
| 2009 | -13.2 | -3.01% |
| 2008 | -13.6 | -223.64% |
| 2007 | 11.0 | 5.31% |
| 2006 | 10.4 | 6.76% |
| 2005 | 9.79 | 13.41% |
| 2004 | 8.63 | 28.71% |
| 2003 | 6.70 | -90.65% |
| 2002 | 71.7 | 29.89% |
| 2001 | 55.2 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 4.85 | -31.66% | 🇦🇺 Australia |
 BP BP | 4.56 | -35.77% | 🇬🇧 UK |
 ConocoPhillips COP | 14.1 | 98.84% | 🇺🇸 USA |
 EOG Resources EOG | 10.0 | 40.99% | 🇺🇸 USA |
 Marathon Oil
MRO | 10.1 | 42.52% | 🇺🇸 USA |
 Occidental Petroleum OXY | 10.5 | 48.21% | 🇺🇸 USA |
 Pioneer Natural Resources PXD | 12.7 | 78.96% | 🇺🇸 USA |
 SandRidge Energy
SD | 2.71 | -61.82% | 🇺🇸 USA |
 Chesapeake Energy
CHK | 2.27 | -68.00% | 🇺🇸 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.