DEVON ENERGY CORP (DVN) Fundamental Analysis & Valuation
NYSE:DVN • US25179M1036
44.89 USD
+0.37 (+0.83%)
Last: Mar 6, 2026, 11:49 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. 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
- 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
- The Return On Assets of DVN (8.36%) is better than 84.54% of its industry peers.
- DVN has a Return On Equity of 17.01%. This is amongst the best in the industry. DVN outperforms 85.51% of its industry peers.
- DVN has a better Return On Invested Capital (10.97%) than 87.44% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for DVN is significantly below the industry average of 22.17%.
| 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 better Profit Margin (15.37%) than 67.15% of its industry peers.
- DVN's Profit Margin has declined in the last couple of years.
- Looking at the Operating Margin, with a value of 22.43%, DVN is in the better half of the industry, outperforming 60.39% of the companies in the same industry.
- In the last couple of years the Operating Margin of DVN has declined.
- DVN has a Gross Margin of 46.46%. This is comparable to the rest of the industry: DVN outperforms 56.04% of its industry peers.
- 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.
- The number of shares outstanding for DVN has been reduced compared to 1 year ago.
- DVN has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for DVN has been reduced compared to a year ago.
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's Altman-Z score of 2.43 is fine compared to the rest of the industry. DVN outperforms 70.53% 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.
- DVN's Debt to FCF ratio of 3.01 is fine compared to the rest of the industry. DVN outperforms 76.81% 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's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. DVN outperforms 51.21% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.43 |
ROIC/WACC1.42
WACC7.71%
2.3 Liquidity
- A Current Ratio of 0.98 indicates that DVN may have some problems paying its short term obligations.
- The Current ratio of DVN (0.98) is comparable to the rest of the industry.
- A Quick Ratio of 0.90 indicates that DVN may have some problems paying 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
- 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.
- 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
- 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
- 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
- Based on the Price/Earnings ratio of 11.48, the valuation of DVN can be described as reasonable.
- Based on the Price/Earnings ratio, DVN is valued cheaply inside the industry as 81.16% of the companies are valued more expensively.
- The average S&P500 Price/Earnings ratio is at 26.69. DVN is valued rather cheaply when compared to this.
- With a Price/Forward Earnings ratio of 12.81, DVN is valued correctly.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of DVN indicates a somewhat cheap valuation: DVN is cheaper than 73.43% of the companies listed in the same industry.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.79, DVN is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.48 | ||
| Fwd PE | 12.81 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of DVN indicates a rather cheap valuation: DVN is cheaper than 85.99% of the companies listed in the same industry.
- Compared to the rest of the industry, the Price/Free Cash Flow ratio of DVN indicates a rather cheap valuation: DVN is cheaper than 86.47% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.95 | ||
| EV/EBITDA | 4.64 |
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 2Y7.74%
EPS Next 3Y10.17%
5. DVN Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 2.25%, DVN has a reasonable but not impressive dividend return.
- Compared to an average industry Dividend Yield of 3.40, DVN has a dividend in line with its industry peers.
- DVN's Dividend Yield is a higher than the S&P500 average which is at 1.82.
| 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 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 2Y7.74%
EPS Next 3Y10.17%
DVN Fundamentals: All Metrics, Ratios and Statistics
NYSE:DVN (3/6/2026, 11:49:08 AM)
44.89
+0.37 (+0.83%)
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 Cap27.84B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts79.44
Price Target49.47 (10.2%)
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 | 11.48 | ||
| Fwd PE | 12.81 | ||
| P/S | 1.62 | ||
| P/FCF | 9.95 | ||
| P/OCF | 4.15 | ||
| P/B | 1.79 | ||
| P/tB | 1.88 | ||
| EV/EBITDA | 4.64 |
EPS(TTM)3.91
EY8.71%
EPS(NY)3.5
Fwd EY7.81%
FCF(TTM)4.51
FCFY10.05%
OCF(TTM)10.82
OCFY24.1%
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 | 2.43 |
F-Score6
WACC7.71%
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-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 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 11.48 and the Price/Book (PB) ratio is 1.79.
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.