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DVN

Devon Energy Corporation

US$47.16+2.43% (US$1.12)
Day's range
US$45.78 – US$47.19
Day's volume
US$355.5m
52-week range
US$30.95 – US$51.37

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DVN in numbers

Market cap
US$51.9bn
P/E
15.82
P/B
1.24
Dividend yield (12m)
2.37%

The 12-month dividend yield of DVN is 2.37%, below its 5-year average of 5.25%.

DVN price history

02/10/202501/10/2026
Compare with

DVN risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return+34.66%+6.49%+64.27%
Volatility (annualised)32.42%28.09%36.83%
Largest drawdown-18.99%-38.93%-55.77%
Positive months7/1217/3631/60

How much did investing in DVN return?

US$1,000.00 invested on 01/09/2021 would be worth US$1,642.67 today.

Value today in DVN
US$1,642.67
Return over the period
+64.27%
Return per year
+10.44%
In the S&P 500
US$1,776.31

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

DVN fundamentals

Valuation

  • P/E
    15.82
  • P/B
    1.24
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    3.24
  • P/EBIT
    —
  • P/S
    2.63
  • P/OCF
    6.07
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    US$2.98
  • Book value per share
    US$37.95

Debt

  • Net debt
    US$11.9bn
  • Net debt/EBITDA
    —
  • Net debt/Equity
    0.29
  • Debt/Equity
    0.31
  • Current ratio
    0.72
  • Quick ratio
    0.67
  • Cash ratio
    0.13

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    16.65%
  • Asset turnover
    0.28

Profitability

  • ROE
    7.86%
  • ROA
    4.63%
  • ROIC
    —
  • Payout
    37.56%

Growth

  • Revenue CAGR (5 years)
    19.02%
  • Earnings CAGR (5 years)
    64.18%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is DVN's fair price?

Two classic value formulas, with today's numbers. The current price is US$47.16.

Graham's fair price
US$50.46
7.00% above the price

√(22.50 × US$2.98 × US$37.95)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
US$41.40
12.21% below the price

US$2.48 (5-year average) ÷ 6%

Décio Bazin only bought shares yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years divided by 6%.

Graham ignores growth and debt; Bazin assumes past distributions will repeat. They are reference points for comparison, not a buy recommendation.

DVN indicators by year

Multiples at each year's closing price; margins and returns from that year's accounts.

Indicator20252024202320222021202020192018
P/E8.607.347.696.6710.42-3.97-28.013.22
P/B1.461.472.393.603.163.691.711.08
Dividend yield2.62%4.43%6.34%8.41%4.47%4.30%1.35%1.33%
Earnings per shareUS$4.26US$4.46US$5.89US$9.22US$4.23-US$3.98-US$0.93US$6.99
Book value per shareUS$25.05US$22.34US$18.99US$17.07US$13.94US$4.29US$15.15US$20.96
ROE17.01%19.96%31.00%54.01%30.32%-92.89%-6.12%33.36%
Gross margin——————57.87%48.80%
Net margin15.74%18.17%24.70%30.42%20.42%-57.35%-5.32%36.31%

DVN financial statements

Line202520242023202220212020
Net revenueUS$16.8bnUS$15.9bnUS$15.1bnUS$19.8bnUS$13.8bnUS$4.7bn
Cost of sales——————
Gross profit——————
EBITDA——————
EBIT——————
Net finance result——————
Profit before taxUS$3.5bnUS$3.7bnUS$4.6bnUS$7.8bnUS$2.9bn-US$3.1bn
Income tax-US$785m-US$770m-US$841m-US$1.7bn-US$65mUS$547m
Net incomeUS$2.6bnUS$2.9bnUS$3.7bnUS$6bnUS$2.8bn-US$2.7bn

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does DVN pay dividends?

Dividend yield per year

  • 0.58%2017
  • 1.33%2018
  • 1.35%2019
  • 4.30%2020
  • 4.47%2021
  • 8.41%2022
  • 6.34%2023
  • 4.43%2024
  • 2.62%2025
  • 1.87%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend14/09/202630/09/2026US$0.32
Dividend12/06/202630/06/2026US$0.32
Dividend12/03/202631/03/2026US$0.24
Dividend12/12/202530/12/2025US$0.24
Dividend12/09/202530/09/2025US$0.24
Dividend12/06/202530/06/2025US$0.24
Dividend13/03/202531/03/2025US$0.24
Dividend12/12/202430/12/2024US$0.22
Dividend12/09/202430/09/2024US$0.44
Dividend13/06/202428/06/2024US$0.35
Dividend13/03/202428/03/2024US$0.44
Dividend13/12/202329/12/2023US$0.77
See all 41 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend13/09/202329/09/2023US$0.49
Dividend13/06/202330/06/2023US$0.72
Dividend13/03/202331/03/2023US$0.89
Dividend08/12/202230/12/2022US$1.35
Dividend08/09/202230/09/2022US$1.55
Dividend09/06/202230/06/2022US$1.27
Dividend10/03/202231/03/2022US$1.00
Dividend08/12/202130/12/2021US$0.84
Dividend09/09/202130/09/2021US$0.49
Dividend10/06/202130/06/2021US$0.34
Dividend11/03/202131/03/2021US$0.30
Dividend09/12/202030/12/2020US$0.11
Dividend12/08/202001/10/2020US$0.26
Dividend10/09/202030/09/2020US$0.11
Dividend11/06/202030/06/2020US$0.11
Dividend11/03/202031/03/2020US$0.09
Dividend11/12/201927/12/2019US$0.09
Dividend11/09/201927/09/2019US$0.09
Dividend12/06/201928/06/2019US$0.09
Dividend13/03/201929/03/2019US$0.08
Dividend12/12/201828/12/2018US$0.08
Dividend12/09/201828/09/2018US$0.08
Dividend13/06/201829/06/2018US$0.08
Dividend13/03/201829/03/2018US$0.06
Dividend13/12/201729/12/2017US$0.06
Dividend13/09/201729/09/2017US$0.06
Dividend12/06/201730/06/2017US$0.06
Dividend10/03/201731/03/2017US$0.06
Dividend12/12/201630/12/2016US$0.06

About Devon Energy

Sector
Mining

Questions about DVN

How much is DVN today?

DVN is at US$47.16 (2.43% on the day), last traded on 01/10/2026.

How much did DVN pay in dividends in 2025?

DVN paid US$0.96 per share in 2025, a dividend yield of 2.62%.

What are the P/E and P/B of DVN?

DVN trades at a P/E of 15.82 and a P/B of 1.24.

How much did DVN return in 12 months?

DVN returned 34.66% in 12 months, with annualised volatility of 32.42% and a largest drawdown of -18.99%.