DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation
NYSE:DVN • US25179M1036
43.49 USD
-0.51 (-1.16%)
At close: Mar 4, 2026
43.4518 USD
-0.04 (-0.09%)
After Hours: 3/4/2026, 6:23:41 PM
This DVN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
DVN gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 207 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and the financial health of DVN get a neutral evaluation. Nothing too spectacular is happening here. A decent growth rate in combination with a cheap valuation! Better keep an eye on DVN. These ratings could make DVN a good candidate for value investing.
1. DVN Profitability Analysis
1.1 Basic Checks
- DVN had positive earnings in the past year.
- DVN had a positive operating cash flow in the past year.
- DVN had positive earnings in each of the past 5 years.
- In the past 5 years DVN always reported a positive cash flow from operatings.
1.2 Ratios
- With an excellent Return On Assets value of 8.36%, DVN belongs to the best 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 85.02% of its industry peers.
- DVN has a Return On Invested Capital of 10.97%. This is amongst the best in the industry. DVN outperforms 87.44% of its industry peers.
- DVN had an Average Return On Invested Capital over the past 3 years of 13.66%. This is significantly below the industry average of 22.19%.
| 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
- The Profit Margin of DVN (15.37%) is better than 66.67% of its industry peers.
- DVN's Profit Margin has declined in the last couple of years.
- DVN has a Operating Margin of 22.43%. This is in the better half of the industry: DVN outperforms 60.39% of its industry peers.
- DVN's Operating Margin has declined in the last couple of years.
- With a Gross Margin value of 46.46%, DVN perfoms like the industry average, outperforming 55.56% of the companies in the same industry.
- 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
- With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), DVN is creating some value.
- DVN has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, DVN has more shares outstanding
- Compared to 1 year ago, DVN has an improved debt to assets ratio.
2.2 Solvency
- DVN has an Altman-Z score of 2.41. 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 Altman-Z score of 2.41. This is in the better half of the industry: DVN outperforms 70.05% of its industry peers.
- DVN has a debt to FCF ratio of 3.01. This is a good value and a sign of high solvency as DVN would need 3.01 years to pay back of all of its debts.
- DVN has a Debt to FCF ratio of 3.01. This is in the better half of the industry: DVN outperforms 76.33% of its industry peers.
- A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
- With a Debt to Equity ratio value of 0.48, DVN perfoms like the industry average, outperforming 50.72% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.41 |
ROIC/WACC1.43
WACC7.67%
2.3 Liquidity
- DVN has a Current Ratio of 0.98. This is a bad value and indicates that DVN is not financially healthy enough and could expect problems in meeting its short term obligations.
- DVN has a Current ratio (0.98) which is in line with its industry peers.
- A Quick Ratio of 0.90 indicates that DVN may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.90, DVN is in line with its industry, outperforming 45.89% of the companies in the same industry.
| 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.
- Measured over the past years, DVN shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -22.22% on average per year.
- 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
- DVN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 11.11% yearly.
- The Revenue is expected to decrease by -2.48% on average over the next years.
EPS Next Y-10.37%
EPS Next 2Y7.74%
EPS Next 3Y10.17%
EPS Next 5Y11.11%
Revenue Next Year2.74%
Revenue Next 2Y7.37%
Revenue Next 3Y4.46%
Revenue Next 5Y-2.48%
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- 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
- Based on the Price/Earnings ratio of 11.12, the valuation of DVN can be described as reasonable.
- 81.64% of the companies in the same industry are more expensive than DVN, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of DVN to the average of the S&P500 Index (27.03), we can say DVN is valued rather cheaply.
- With a Price/Forward Earnings ratio of 12.41, DVN is valued correctly.
- Based on the Price/Forward Earnings ratio, DVN is valued a bit cheaper than 73.43% of the companies in the same industry.
- When comparing the Price/Forward Earnings ratio of DVN to the average of the S&P500 Index (25.11), we can say DVN is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.12 | ||
| Fwd PE | 12.41 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, DVN is valued cheaply inside the industry as 85.02% of the companies are valued more expensively.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of DVN indicates a rather cheap valuation: DVN is cheaper than 85.99% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.64 | ||
| EV/EBITDA | 4.6 |
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 2Y7.74%
EPS Next 3Y10.17%
5. DVN Dividend Analysis
5.1 Amount
- DVN has a Yearly Dividend Yield of 2.25%.
- DVN's Dividend Yield is comparable with the industry average which is at 3.47.
- Compared to an average S&P500 Dividend Yield of 1.82, DVN pays a bit more dividend than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
5.2 History
- On average, the dividend of DVN grows each year by 7.65%, which is quite nice.
- DVN has been paying a dividend for at least 10 years, so it has 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.
- DVN's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP23.43%
EPS Next 2Y7.74%
EPS Next 3Y10.17%
DVN Fundamentals: All Metrics, Ratios and Statistics
43.49
-0.51 (-1.16%)
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 Owners76.44%
Inst Owner Change3.57%
Ins Owners0.39%
Ins Owner Change0.35%
Market Cap26.98B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts79.44
Price Target49.47 (13.75%)
Short Float %3.2%
Short Ratio1.85
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.25% |
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)7.28%
PT rev (3m)7.1%
EPS NQ rev (1m)-23.75%
EPS NQ rev (3m)-32.19%
EPS NY rev (1m)-5.73%
EPS NY rev (3m)-14.27%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)-4%
Revenue NY rev (1m)8.05%
Revenue NY rev (3m)4.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.12 | ||
| Fwd PE | 12.41 | ||
| P/S | 1.57 | ||
| P/FCF | 9.64 | ||
| P/OCF | 4.02 | ||
| P/B | 1.74 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | 4.6 |
EPS(TTM)3.91
EY8.99%
EPS(NY)3.5
Fwd EY8.06%
FCF(TTM)4.51
FCFY10.37%
OCF(TTM)10.82
OCFY24.88%
SpS27.71
BVpS25.03
TBVpS23.82
PEG (NY)N/A
PEG (5Y)N/A
Graham Number46.93
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 | 2.41 |
F-Score6
WACC7.67%
ROIC/WACC1.43
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-10.37%
EPS Next 2Y7.74%
EPS Next 3Y10.17%
EPS Next 5Y11.11%
Revenue 1Y (TTM)7.83%
Revenue growth 3Y-3.57%
Revenue growth 5Y28.91%
Sales Q2Q%-6.4%
Revenue Next Year2.74%
Revenue Next 2Y7.37%
Revenue Next 3Y4.46%
Revenue Next 5Y-2.48%
EBIT growth 1Y-7.8%
EBIT growth 3Y-21.41%
EBIT growth 5YN/A
EBIT Next Year99.02%
EBIT Next 3Y38.22%
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 7 / 10 to DEVON ENERGY CORP (DVN). This can be considered as Undervalued.
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 11.12 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 -10.37% in the next year.