Devon Energy forward PE DVN

Share price divided by analysts' consensus earnings for the next twelve months, since 1996.

Today, Oct 23, 2026: 9.5×
10-year median: 9.7×
Against its 10-year history: 48th; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.1× to 48.1×
Peer median: 12.3×

Devon Energy's forward PE is 9.5× as of Oct 23, 2026.

That is below its ten-year median of 9.7×, close to the middle of its last ten years.

Over that time it ranged from 4.1× in Aug 2021 to 48.1× in May 2019.

The median for 10 oil and gas producers of a similar size is 12.3×.

Forward PE over time

median 9.7×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	9.5×	7.3×	10.0×
2025	7.8×	7.4×	9.8×
2024	7.7×	7.6×	11.9×
2023	9.3×	8.2×	11.1×
2022	10.5×	6.2×	12.2×
2021	5.9×	4.1×	12.1×
2020	9.6×	5.4×	19.3×
2019	38.5×	22.5×	48.1×
2018	20.5×	20.0×	32.0×
2017	25.2×	19.1×	39.3×
2016	36.8×	32.4×	98.2×
2015	182×	23.0×	202×
2014	23.2×	12.3×	25.6×
2013	12.9×	12.0×	18.1×
2012	15.3×	14.6×	23.5×
2011	14.3×	10.8×	16.6×
2010	14.0×	11.4×	14.6×
2009	14.1×	12.2×	24.3×
2008	22.7×	7.9×	27.0×
2007	8.8×	8.0×	13.3×

Against its peers

Companies in Oil & Gas Exploration & Production nearest Devon Energy's size, closest first, today.

Company	Forward PE
DVNDevon Energy	9.5×
FANGDiamondback Energy	9.8×
OXYOccidental Petroleum	11.9×
EOGEOG Resources	9.4×
EQTEQT	17.8×
TPLTexas Pacific Land	33.9×
EXEExpand Energy	12.3×
PRPermian Resources	n/m
OVVOvintiv	n/m
APAAPA	n/m
COPConocoPhillips	12.7×
Peer median	12.3×

Where Devon Energy ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Devon Energy

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.