P/E ratio for Devon Energy (DVN)

P/E ratio history for Devon Energy from 2001 to 2026

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
BHP Group BHP	22.2	97.33%	🇦🇺 Australia
BP BP	21.4	90.04%	🇬🇧 UK
ConocoPhillips COP	16.8	48.83%	🇺🇸 USA
EOG Resources EOG	10.9	-2.93%	🇺🇸 USA
Marathon Oil MRO	10.5	-6.87%	🇺🇸 USA
Occidental Petroleum OXY	8.81	-21.76%	🇺🇸 USA
Pioneer Natural Resources PXD	12.4	10.35%	🇺🇸 USA
SandRidge Energy SD	6.19	-45.04%	🇺🇸 USA
Chesapeake Energy CHK	2.04	-81.89%	🇺🇸 USA

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.