P/E ratio for Devon Energy (DVN)
P/E ratio as of March 2023 (TTM): 5.22
According to Devon Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 5.21967. At the end of 2021 the company had a P/E ratio of 10.5.
P/E ratio history for Devon Energy from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 BHP Group BHP | 12.9 | 146.57% | 🇦🇺 Australia |
 BP BP | -70.2 | -1,445.17% | 🇬🇧 UK |
 ConocoPhillips COP | 7.06 | 35.19% | 🇺🇸 USA |
 EOG Resources EOG | 8.24 | 57.88% | 🇺🇸 USA |
 Marathon Oil
MRO | 4.24 | -18.75% | 🇺🇸 USA |
 Occidental Petroleum OXY | 4.56 | -12.72% | 🇺🇸 USA |
 Pioneer Natural Resources PXD | 6.45 | 23.52% | 🇺🇸 USA |
 SandRidge Energy
SD | 3.11 | -40.44% | 🇺🇸 USA |
 Chesapeake Energy
CHK | 3.12 | -40.16% | 🇺🇸 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.