DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation
NYSE:DVN • US25179M1036
43.7 USD
-1.12 (-2.5%)
At close: Mar 10, 2026
43.72 USD
+0.02 (+0.05%)
After Hours: 3/10/2026, 8:19:25 PM
This DVN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
We assign a fundamental rating of 5 out of 10 to DVN. DVN was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. DVN has an average financial health and profitability rating. DVN is not valued too expensively and it also shows a decent growth rate.
1. DVN Profitability Analysis
1.1 Basic Checks
- In the past year DVN was profitable.
- In the past year DVN had a positive cash flow from operations.
- DVN had positive earnings in each of the past 5 years.
- Each year in the past 5 years DVN had a positive operating cash flow.
1.2 Ratios
- Looking at the Return On Assets, with a value of 8.36%, DVN belongs to the top of the industry, outperforming 84.06% of the companies in the same industry.
- DVN's Return On Equity of 17.01% is amongst the best of the industry. DVN outperforms 82.61% of its industry peers.
- The Return On Invested Capital of DVN (10.97%) is better than 87.92% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for DVN is significantly below the industry average of 22.52%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.36% | ||
| ROE | 17.01% | ||
| ROIC | 10.97% |
ROA(3y)11.05%
ROA(5y)14.3%
ROE(3y)22.68%
ROE(5y)30.29%
ROIC(3y)13.66%
ROIC(5y)17.09%
1.3 Margins
- With a decent Profit Margin value of 15.37%, DVN is doing good in the industry, outperforming 66.18% of the companies in the same industry.
- In the last couple of years the Profit Margin of DVN has declined.
- With a decent Operating Margin value of 22.43%, DVN is doing good in the industry, outperforming 60.39% of the companies in the same industry.
- DVN's Operating Margin has declined in the last couple of years.
- DVN's Gross Margin of 46.46% is in line compared to the rest of the industry. DVN outperforms 56.04% of its industry peers.
- DVN's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 22.43% | ||
| PM (TTM) | 15.37% | ||
| GM | 46.46% |
OM growth 3Y-18.5%
OM growth 5YN/A
PM growth 3Y-20.92%
PM growth 5YN/A
GM growth 3Y-5.62%
GM growth 5Y-9.55%
2. DVN Health Analysis
2.1 Basic Checks
- DVN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
- The number of shares outstanding for DVN has been reduced compared to 1 year ago.
- Compared to 5 years ago, DVN has more shares outstanding
- DVN has a better debt/assets ratio than last year.
2.2 Solvency
- DVN has an Altman-Z score of 2.43. This is not the best score and indicates that DVN is in the grey zone with still only limited risk for bankruptcy at the moment.
- DVN has a better Altman-Z score (2.43) than 71.50% of its industry peers.
- The Debt to FCF ratio of DVN is 3.01, which is a good value as it means it would take DVN, 3.01 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of DVN (3.01) is better than 76.33% of its industry peers.
- A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
- The Debt to Equity ratio of DVN (0.48) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.43 |
ROIC/WACC1.42
WACC7.72%
2.3 Liquidity
- A Current Ratio of 0.98 indicates that DVN may have some problems paying its short term obligations.
- With a Current ratio value of 0.98, DVN perfoms like the industry average, outperforming 40.58% of the companies in the same industry.
- A Quick Ratio of 0.90 indicates that DVN may have some problems paying its short term obligations.
- DVN's Quick ratio of 0.90 is in line compared to the rest of the industry. DVN outperforms 44.93% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.9 |
3. DVN Growth Analysis
3.1 Past
- The earnings per share for DVN have decreased strongly by -19.05% in the last year.
- DVN shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -22.22% yearly.
- The Revenue has been growing slightly by 7.83% in the past year.
- DVN shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 28.91% yearly.
EPS 1Y (TTM)-19.05%
EPS 3Y-22.22%
EPS 5YN/A
EPS Q2Q%-29.31%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%
3.2 Future
- Based on estimates for the next years, DVN will show a quite strong growth in Earnings Per Share. The EPS will grow by 11.85% on average per year.
- The Revenue is expected to decrease by -2.84% on average over the next years.
EPS Next Y-18.11%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
EPS Next 5Y11.85%
Revenue Next Year1.57%
Revenue Next 2Y5.38%
Revenue Next 3Y0.63%
Revenue Next 5Y-2.84%
3.3 Evolution
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. DVN Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 11.18, which indicates a very decent valuation of DVN.
- Compared to the rest of the industry, the Price/Earnings ratio of DVN indicates a rather cheap valuation: DVN is cheaper than 81.16% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 26.25, DVN is valued rather cheaply.
- DVN is valuated correctly with a Price/Forward Earnings ratio of 13.65.
- DVN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DVN is cheaper than 67.15% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.39, DVN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.18 | ||
| Fwd PE | 13.65 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, DVN is valued cheaper than 85.99% of the companies in the same industry.
- Based on the Price/Free Cash Flow ratio, DVN is valued cheaply inside the industry as 85.99% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.69 | ||
| EV/EBITDA | 4.67 |
4.3 Compensation for Growth
- The decent profitability rating of DVN may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
5. DVN Dividend Analysis
5.1 Amount
- DVN has a Yearly Dividend Yield of 2.16%. Purely for dividend investing, there may be better candidates out there.
- DVN's Dividend Yield is comparable with the industry average which is at 3.45.
- Compared to an average S&P500 Dividend Yield of 1.82, DVN has a dividend comparable with the average S&P500 company.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
5.2 History
- The dividend of DVN is nicely growing with an annual growth rate of 7.65%!
- DVN has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)7.65%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
- 23.43% of the earnings are spent on dividend by DVN. This is a low number and sustainable payout ratio.
- The dividend of DVN is growing, but earnings are growing more, so the dividend growth is sustainable.
DP23.43%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
DVN Fundamentals: All Metrics, Ratios and Statistics
43.7
-1.12 (-2.5%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)02-17 2026-02-17/amc
Earnings (Next)05-04 2026-05-04/amc
Inst Owners79.76%
Inst Owner Change3.42%
Ins Owners0.43%
Ins Owner Change0.35%
Market Cap27.09B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts80
Price Target49.47 (13.2%)
Short Float %3.2%
Short Ratio1.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.16% |
Yearly Dividend0.97
Dividend Growth(5Y)7.65%
DP23.43%
Div Incr Years0
Div Non Decr Years0
Ex-Date03-13 2026-03-13 (0.24)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.6%
Min EPS beat(2)0.01%
Max EPS beat(2)11.19%
EPS beat(4)2
Avg EPS beat(4)1.22%
Min EPS beat(4)-4.28%
Max EPS beat(4)11.19%
EPS beat(8)5
Avg EPS beat(8)4.17%
EPS beat(12)7
Avg EPS beat(12)3.43%
EPS beat(16)10
Avg EPS beat(16)3.18%
Revenue beat(2)2
Avg Revenue beat(2)2.72%
Min Revenue beat(2)1.43%
Max Revenue beat(2)4.01%
Revenue beat(4)4
Avg Revenue beat(4)2.77%
Min Revenue beat(4)0.2%
Max Revenue beat(4)5.44%
Revenue beat(8)7
Avg Revenue beat(8)2.92%
Revenue beat(12)10
Avg Revenue beat(12)2.09%
Revenue beat(16)12
Avg Revenue beat(16)2.41%
PT rev (1m)5.09%
PT rev (3m)6.95%
EPS NQ rev (1m)-24.43%
EPS NQ rev (3m)-32.07%
EPS NY rev (1m)-8.64%
EPS NY rev (3m)-22.45%
Revenue NQ rev (1m)-2.32%
Revenue NQ rev (3m)-3.87%
Revenue NY rev (1m)7.64%
Revenue NY rev (3m)5.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.18 | ||
| Fwd PE | 13.65 | ||
| P/S | 1.58 | ||
| P/FCF | 9.69 | ||
| P/OCF | 4.04 | ||
| P/B | 1.74 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | 4.67 |
EPS(TTM)3.91
EY8.95%
EPS(NY)3.2
Fwd EY7.33%
FCF(TTM)4.51
FCFY10.32%
OCF(TTM)10.82
OCFY24.77%
SpS27.72
BVpS25.05
TBVpS23.83
PEG (NY)N/A
PEG (5Y)N/A
Graham Number46.94
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.36% | ||
| ROE | 17.01% | ||
| ROCE | 14.02% | ||
| ROIC | 10.97% | ||
| ROICexc | 11.58% | ||
| ROICexgc | 11.92% | ||
| OM | 22.43% | ||
| PM (TTM) | 15.37% | ||
| GM | 46.46% | ||
| FCFM | 16.27% |
ROA(3y)11.05%
ROA(5y)14.3%
ROE(3y)22.68%
ROE(5y)30.29%
ROIC(3y)13.66%
ROIC(5y)17.09%
ROICexc(3y)14.23%
ROICexc(5y)18.3%
ROICexgc(3y)14.7%
ROICexgc(5y)19.02%
ROCE(3y)17.44%
ROCE(5y)21.82%
ROICexgc growth 3Y-29.34%
ROICexgc growth 5YN/A
ROICexc growth 3Y-29.09%
ROICexc growth 5YN/A
OM growth 3Y-18.5%
OM growth 5YN/A
PM growth 3Y-20.92%
PM growth 5YN/A
GM growth 3Y-5.62%
GM growth 5Y-9.55%
F-Score6
Asset Turnover0.54
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.01 | ||
| Debt/EBITDA | 0.99 | ||
| Cap/Depr | 108.87% | ||
| Cap/Sales | 22.77% | ||
| Interest Coverage | 7.58 | ||
| Cash Conversion | 90.07% | ||
| Profit Quality | 105.87% | ||
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.9 | ||
| Altman-Z | 2.43 |
F-Score6
WACC7.72%
ROIC/WACC1.42
Cap/Depr(3y)164.13%
Cap/Depr(5y)163.19%
Cap/Sales(3y)31.8%
Cap/Sales(5y)27.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-19.05%
EPS 3Y-22.22%
EPS 5YN/A
EPS Q2Q%-29.31%
EPS Next Y-18.11%
EPS Next 2Y-0.27%
EPS Next 3Y5.99%
EPS Next 5Y11.85%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%
Revenue Next Year1.57%
Revenue Next 2Y5.38%
Revenue Next 3Y0.63%
Revenue Next 5Y-2.84%
EBIT growth 1Y-7.8%
EBIT growth 3Y-21.41%
EBIT growth 5YN/A
EBIT Next Year99.02%
EBIT Next 3Y37.9%
EBIT Next 5Y17.41%
FCF growth 1Y427.9%
FCF growth 3Y-6.35%
FCF growth 5Y70.7%
OCF growth 1Y1.68%
OCF growth 3Y-7.68%
OCF growth 5Y37.73%
DEVON ENERGY CORP / DVN FAQ
What is the fundamental rating for DVN stock?
ChartMill assigns a fundamental rating of 5 / 10 to DVN.
What is the valuation status of DEVON ENERGY CORP (DVN) stock?
ChartMill assigns a valuation rating of 6 / 10 to DEVON ENERGY CORP (DVN). This can be considered as Fairly Valued.
Can you provide the profitability details for DEVON ENERGY CORP?
DEVON ENERGY CORP (DVN) has a profitability rating of 6 / 10.
Can you provide the PE and PB ratios for DVN stock?
The Price/Earnings (PE) ratio for DEVON ENERGY CORP (DVN) is 11.18 and the Price/Book (PB) ratio is 1.74.
What is the expected EPS growth for DEVON ENERGY CORP (DVN) stock?
The Earnings per Share (EPS) of DEVON ENERGY CORP (DVN) is expected to decline by -18.11% in the next year.