P/E ratio for Devon Energy (DVN)

P/E ratio history for Devon Energy from 2001 to 2025

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
EOG Resources EOG	10.6	41.15%	🇺🇸 USA
Occidental Petroleum OXY	16.4	117.82%	🇺🇸 USA
Marathon Oil MRO	10.5	39.11%	🇺🇸 USA
Pioneer Natural Resources PXD	12.4	64.82%	🇺🇸 USA
ConocoPhillips COP	11.7	55.33%	🇺🇸 USA
Chesapeake Energy CHK	2.04	-72.95%	🇺🇸 USA
SandRidge Energy SD	5.89	-21.89%	🇺🇸 USA
BHP Group BHP	9.90	31.21%	🇦🇺 Australia
BP BP	-66.1	-976.87%	🇬🇧 UK

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.