DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation
NYSE:DVN • US25179M1036
46.075 USD
+0.72 (+1.58%)
Last: Mar 12, 2026, 11:18 AM
This DVN fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Taking everything into account, DVN scores 5 out of 10 in our fundamental rating. DVN was compared to 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. DVN has a decent growth rate and is not valued too expensively.
1. DVN Profitability Analysis
1.1 Basic Checks
- In the past year DVN was profitable.
- DVN had a positive operating cash flow in the past year.
- DVN had positive earnings in each of the past 5 years.
- DVN had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of DVN (8.36%) is better than 84.06% of its industry peers.
- DVN has a better Return On Equity (17.01%) than 82.61% of its industry peers.
- The Return On Invested Capital of DVN (10.97%) is better than 87.92% 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 22.52%.
| 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
- DVN has a Profit Margin of 15.37%. This is in the better half of the industry: DVN outperforms 66.18% of its industry peers.
- In the last couple of years the Profit Margin of DVN has declined.
- The Operating Margin of DVN (22.43%) is better than 60.87% of its industry peers.
- DVN's Operating Margin has declined in the last couple of years.
- Looking at the Gross Margin, with a value of 46.46%, DVN is in line with its industry, outperforming 56.04% of the companies in the same industry.
- In the last couple of years the Gross Margin of DVN has declined.
| 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.
- DVN has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, DVN has an improved debt to assets ratio.
2.2 Solvency
- DVN has an Altman-Z score of 2.45. 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.
- With a decent Altman-Z score value of 2.45, DVN is doing good in the industry, outperforming 71.98% of the companies in the same industry.
- 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.
- DVN has a Debt/Equity ratio of 0.48. This is a healthy value indicating a solid balance between debt and equity.
- DVN has a Debt to Equity ratio (0.48) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.45 |
ROIC/WACC1.41
WACC7.77%
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.
- The Current ratio of DVN (0.98) is comparable to the rest of the industry.
- DVN has a Quick 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.
- The Quick ratio of DVN (0.90) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.98 | ||
| Quick Ratio | 0.9 |
3. DVN Growth Analysis
3.1 Past
- DVN shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -19.05%.
- 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.
- DVN shows a small growth in Revenue. In the last year, the Revenue has grown by 7.83%.
- The Revenue has been growing by 28.91% on average over the past years. This is a very strong growth!
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
- The Earnings Per Share is expected to grow by 11.85% on average over the next years. This is quite good.
- Based on estimates for the next years, DVN will show a decrease in Revenue. The Revenue will decrease by -2.84% on average per year.
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
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. DVN Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 11.78 indicates a reasonable valuation of DVN.
- Based on the Price/Earnings ratio, DVN is valued a bit cheaper than the industry average as 79.23% of the companies are valued more expensively.
- When comparing the Price/Earnings ratio of DVN to the average of the S&P500 Index (26.15), we can say DVN is valued rather cheaply.
- DVN is valuated correctly with a Price/Forward Earnings ratio of 14.39.
- Based on the Price/Forward Earnings ratio, DVN is valued a bit cheaper than 67.63% of the companies in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.27, DVN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.78 | ||
| Fwd PE | 14.39 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, DVN is valued cheaper than 85.51% of the companies in the same industry.
- 85.02% of the companies in the same industry are more expensive than DVN, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 10.21 | ||
| EV/EBITDA | 4.71 |
4.3 Compensation for Growth
- DVN has a very decent profitability rating, which 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.
- Compared to an average industry Dividend Yield of 3.41, DVN has a dividend in line with its industry peers.
- 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 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.
- 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
NYSE:DVN (3/12/2026, 11:18:09 AM)
46.075
+0.72 (+1.58%)
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 Cap28.57B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts80
Price Target49.47 (7.37%)
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 | 11.78 | ||
| Fwd PE | 14.39 | ||
| P/S | 1.66 | ||
| P/FCF | 10.21 | ||
| P/OCF | 4.26 | ||
| P/B | 1.84 | ||
| P/tB | 1.93 | ||
| EV/EBITDA | 4.71 |
EPS(TTM)3.91
EY8.49%
EPS(NY)3.2
Fwd EY6.95%
FCF(TTM)4.51
FCFY9.79%
OCF(TTM)10.82
OCFY23.49%
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 | 2.45 |
F-Score6
WACC7.77%
ROIC/WACC1.41
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 11.78 and the Price/Book (PB) ratio is 1.84.
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.