DVN P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
DVN's p/e ratio is higher than 82% of the last 10 years.
P/E ratio History
DVN P/E ratio by year
Yearly range of DVN’s p/e ratio from 2016 to 2026. Over the full period it ranged from -111.2 to 188.2, averaging 8.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.3 | 11.3 | 14.3 | 11.2 |
| 2025 | 6.1 | 7.7 | 9.0 | 8.8 |
| 2024 | 5.7 | 8.0 | 10.4 | 7.2 |
| 2023 | 4.9 | 6.6 | 8.6 | 7.7 |
| 2022 | 6.2 | 10.0 | 15.0 | 6.4 |
| 2021 | -16.1 | 40.2 | 188.2 | 10.6 |
| 2020 | -28.2 | -6.0 | -1.0 | -2.2 |
| 2019 | -27.6 | 4.7 | 8.3 | -27.6 |
| 2018 | -111.2 | -12.7 | 36.6 | 3.5 |
| 2017 | -7.1 | 19.2 | 73.0 | 14.1 |
| 2016 | -2.6 | -2.2 | -1.3 | -2.5 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is DVN P/E ratio High or Low Right Now?
Devon Energy Corporation's P/E ratio is currently 11.2, which is historically pricey relative to its 10-year historical range. The 10-year median P/E ratio for DVN is approximately 7.3. See all DVN valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.