# Devon Energy Corporation (DVN) fundamentals

Data as of 2026-11-04. NYSE, United States. Sector: Energy / Oil, Gas & Fuels. Price $47.62, market value $52.4 billion.

## Valuation
- **P/E (trailing): 10.4×** (5-yr avg 7.4×, 3-yr avg 7.6×). Devon Energy Corporation trades at 10.4× trailing earnings, well above its own five-year average of 7.4×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 8.8×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.7×**. Each dollar of revenue is priced at 2.7×.
- **Price / book: 1.3×**. The shares trade at 1.3× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 9.0%** (5-yr avg 13.5%). Free cash flow equals 9.0% of the market value, below its five-year average of 13.5%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 9.6%**. The inverse of the P/E: 9.6% of the price is earned each year.

## Profitability
- **Net margin: 15.7%**. 15.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 17.0%**. 17.0% on shareholders' equity is solid.
- **Return on assets: 10.4%**. Each dollar of assets produces 10.4% of profit.

## Growth
- **Revenue growth (1 yr): 5.4%** (3-yr -5.4%/yr, 5-yr 29.1%/yr). Revenue grew 5.4% over the last year, against 29.1% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -8.6%** (3-yr -23.0%/yr). Earnings per share fell 8.6%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): -19.5%/yr**. Free cash flow has compounded at -19.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.54**. Debt is 0.54 times equity, moderate leverage.
- **Current ratio: 0.98** (quick 0.98). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 2.69%** ($1.04 per share, trailing). Devon Energy Corporation yields 2.69%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 23%**. 23% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 7.1%/yr** (1-yr -33.8%). The dividend has grown 7.1% a year over five years.

## Analyst view
- **Analyst consensus: strong_buy** (26 analysts). 26 analysts cover Devon Energy Corporation; the consensus is strong_buy, with an average price target of $61.69 (+30% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 52.5%** (YTD 34.4%, 3-mo 9.1%). The shares are up 52.5% over twelve months including dividends.
- **From 52-week high: -9.7%** (49.2% above the low). Trading 10% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 45**. An RSI of 45 is neutral.
- **Beta (1 yr): -0.55** (volatility 35%). Beta of -0.55 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=DVN · Page: https://foliofundamentals.com/stocks/dvn

Not investment advice.