US · USD

DVN

Devon Energy Corporation

$47.16+2.43% ($1.12)Updated 10/1/26, 5:29 PM

Day's range: $45.78 – $47.19
Day's volume: $355.5M
52-week range: $30.95 – $51.37

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DVN in numbers

Market cap: $51.9B

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

10/02/202510/01/2026

Compare with

DVN risk and return

Monthly closes adjusted for splits and distributions.

Metric	12 months	36 months	60 months
Return	+34.66%	+6.49%	+64.27%
Volatility (annualized)	32.42%	28.09%	36.83%
Largest drawdown	-18.99%	-38.93%	-55.77%
Positive months	7/12	17/36	31/60

How much did investing in DVN return?

Amount invested

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

Value today in DVN: $1,642.67

Return over the period: +64.27%

Return per year: +10.44%

In the S&P 500: $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
$2.98
Book value per share
$37.95

Debt

Net debt
$11.9B
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 $47.16.

Graham's fair price: $50.46; 7.00% above the price

√(22.50 × $2.98 × $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: $41.40; 12.21% below the price

$2.48 (5-year average) ÷ 6%

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

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

DVN's indicators by year

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

Indicator	2025	2024	2023	2022	2021	2020	2019	2018
P/E	8.60	7.34	7.69	6.67	10.42	-3.97	-28.01	3.22
P/B	1.46	1.47	2.39	3.60	3.16	3.69	1.71	1.08
Dividend yield	2.62%	4.43%	6.34%	8.41%	4.47%	4.30%	1.35%	1.33%
Earnings per share	$4.26	$4.46	$5.89	$9.22	$4.23	-$3.98	-$0.93	$6.99
Book value per share	$25.05	$22.34	$18.99	$17.07	$13.94	$4.29	$15.15	$20.96
ROE	17.01%	19.96%	31.00%	54.01%	30.32%	-92.89%	-6.12%	33.36%
Gross margin	—	—	—	—	—	—	57.87%	48.80%
Net margin	15.74%	18.17%	24.70%	30.42%	20.42%	-57.35%	-5.32%	36.31%

DVN's financial statements

Line	2025	2024	2023	2022	2021	2020
Net revenue	$16.8B	$15.9B	$15.1B	$19.8B	$13.8B	$4.7B
Cost of revenue	—	—	—	—	—	—
Gross profit	—	—	—	—	—	—
EBITDA	—	—	—	—	—	—
EBIT	—	—	—	—	—	—
Financial result	—	—	—	—	—	—
Income before tax	$3.5B	$3.7B	$4.6B	$7.8B	$2.9B	-$3.1B
Income tax	-$785M	-$770M	-$841M	-$1.7B	-$65M	$547M
Net income	$2.6B	$2.9B	$3.7B	$6B	$2.8B	-$2.7B

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
Type	Last day to own	Payment	Per share
Dividend	09/14/2026	09/30/2026	$0.32
Dividend	06/12/2026	06/30/2026	$0.32
Dividend	03/12/2026	03/31/2026	$0.24
Dividend	12/12/2025	12/30/2025	$0.24
Dividend	09/12/2025	09/30/2025	$0.24
Dividend	06/12/2025	06/30/2025	$0.24
Dividend	03/13/2025	03/31/2025	$0.24
Dividend	12/12/2024	12/30/2024	$0.22
Dividend	09/12/2024	09/30/2024	$0.44
Dividend	06/13/2024	06/28/2024	$0.35
Dividend	03/13/2024	03/28/2024	$0.44
Dividend	12/13/2023	12/29/2023	$0.77

See all 41 distributions

Earlier distributions
Type	Last day to own	Payment	Per share
Dividend	09/13/2023	09/29/2023	$0.49
Dividend	06/13/2023	06/30/2023	$0.72
Dividend	03/13/2023	03/31/2023	$0.89
Dividend	12/08/2022	12/30/2022	$1.35
Dividend	09/08/2022	09/30/2022	$1.55
Dividend	06/09/2022	06/30/2022	$1.27
Dividend	03/10/2022	03/31/2022	$1.00
Dividend	12/08/2021	12/30/2021	$0.84
Dividend	09/09/2021	09/30/2021	$0.49
Dividend	06/10/2021	06/30/2021	$0.34
Dividend	03/11/2021	03/31/2021	$0.30
Dividend	12/09/2020	12/30/2020	$0.11
Dividend	08/12/2020	10/01/2020	$0.26
Dividend	09/10/2020	09/30/2020	$0.11
Dividend	06/11/2020	06/30/2020	$0.11
Dividend	03/11/2020	03/31/2020	$0.09
Dividend	12/11/2019	12/27/2019	$0.09
Dividend	09/11/2019	09/27/2019	$0.09
Dividend	06/12/2019	06/28/2019	$0.09
Dividend	03/13/2019	03/29/2019	$0.08
Dividend	12/12/2018	12/28/2018	$0.08
Dividend	09/12/2018	09/28/2018	$0.08
Dividend	06/13/2018	06/29/2018	$0.08
Dividend	03/13/2018	03/29/2018	$0.06
Dividend	12/13/2017	12/29/2017	$0.06
Dividend	09/13/2017	09/29/2017	$0.06
Dividend	06/12/2017	06/30/2017	$0.06
Dividend	03/10/2017	03/31/2017	$0.06
Dividend	12/12/2016	12/30/2016	$0.06

About Devon Energy

Sector: Mining

Questions about DVN

How much is DVN today?

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

How much did DVN pay in dividends in 2025?

DVN paid $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 annualized volatility of 32.42% and a largest drawdown of -18.99%.