DEVON ENERGY CORP (DVN) Stock Fundamental Analysis
NYSE:DVN • US25179M1036
44.95 USD
+1.42 (+3.26%)
At close: Mar 2, 2026
45.15 USD
+0.2 (+0.44%)
After Hours: 3/2/2026, 8:14:30 PM
We assign a fundamental rating of 5 out of 10 to DVN. 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 may be a bit undervalued, certainly considering the very reasonable score on growth This makes DVN very considerable for value investing!
1. Profitability
1.1 Basic Checks
- In the past year DVN was profitable.
- In the past year DVN had a positive cash flow from operations.
- 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
- DVN's Return On Assets of 8.36% is amongst the best of the industry. DVN outperforms 84.06% of its industry peers.
- Looking at the Return On Equity, with a value of 17.01%, DVN belongs to the top of the industry, outperforming 85.02% of the companies in the same industry.
- 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.
- Measured over the past 3 years, the Average Return On Invested Capital for DVN is significantly below the industry average of 22.15%.
| 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
- With a decent Profit Margin value of 15.37%, DVN is doing good in the industry, outperforming 66.18% of the companies in the same industry.
- In the last couple of years the Profit Margin of DVN has declined.
- 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.
- The Gross Margin of DVN (46.46%) is comparable to the rest of the 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. Health
2.1 Basic Checks
- DVN has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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
- An Altman-Z score of 2.40 indicates that DVN is not a great score, but indicates only limited risk for bankruptcy at the moment.
- DVN's Altman-Z score of 2.40 is fine compared to the rest of the industry. DVN outperforms 70.05% 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.
- The Debt to FCF ratio of DVN (3.01) is better than 76.81% of its industry peers.
- A Debt/Equity ratio of 0.48 indicates that DVN is not too dependend on debt financing.
- DVN's Debt to Equity ratio of 0.48 is in line compared to the rest of the industry. DVN outperforms 50.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.48 | ||
| Debt/FCF | 3.01 | ||
| Altman-Z | 2.4 |
ROIC/WACC1.44
WACC7.63%
2.3 Liquidity
- A Current Ratio of 0.98 indicates that DVN may have some problems paying its short term obligations.
- DVN has a Current ratio (0.98) which is in line with its industry peers.
- 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. Growth
3.1 Past
- The earnings per share for DVN have decreased strongly by -19.05% in the last year.
- The earnings per share for DVN have been decreasing by -22.22% on average. This is quite bad
- Looking at the last year, DVN shows a small growth in Revenue. The Revenue has grown by 7.83% in the last year.
- Measured over the past years, DVN shows a very strong growth in Revenue. The Revenue has been growing by 28.91% on average per year.
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.
- DVN is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -2.48% yearly.
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.
- 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. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 11.50, which indicates a very decent valuation of DVN.
- Based on the Price/Earnings ratio, DVN is valued cheaply inside the industry as 81.64% of the companies are valued more expensively.
- Compared to an average S&P500 Price/Earnings ratio of 27.13, DVN is valued rather cheaply.
- Based on the Price/Forward Earnings ratio of 12.83, the valuation of DVN can be described as correct.
- DVN's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. DVN is cheaper than 73.91% of the companies in the same industry.
- DVN is valuated cheaply when we compare the Price/Forward Earnings ratio to 28.11, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.5 | ||
| Fwd PE | 12.83 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, DVN is valued cheaply inside the industry as 84.06% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, DVN is valued cheaper than 85.99% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.97 | ||
| EV/EBITDA | 4.56 |
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. Dividend
5.1 Amount
- DVN has a Yearly Dividend Yield of 2.25%. Purely for dividend investing, there may be better candidates out there.
- Compared to an average industry Dividend Yield of 3.46, 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.
- 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%
44.95
+1.42 (+3.26%)
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 Cap27.88B
Revenue(TTM)17.19B
Net Income(TTM)2.64B
Analysts79.44
Price Target49.47 (10.06%)
Short Float %3.24%
Short Ratio1.98
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 | 11.5 | ||
| Fwd PE | 12.83 | ||
| P/S | 1.62 | ||
| P/FCF | 9.97 | ||
| P/OCF | 4.15 | ||
| P/B | 1.8 | ||
| P/tB | 1.89 | ||
| EV/EBITDA | 4.56 |
EPS(TTM)3.91
EY8.7%
EPS(NY)3.5
Fwd EY7.8%
FCF(TTM)4.51
FCFY10.03%
OCF(TTM)10.82
OCFY24.07%
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 | 2.4 |
F-Score6
WACC7.63%
ROIC/WACC1.44
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 11.5 and the Price/Book (PB) ratio is 1.8.
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.