Devon Energy price to free cash flow DVN

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 12.0×
10-year median: 7.6×
Against its 10-year history: 81st; percentile: 0 is its lowest day, 100 its highest
10-year range: 1.2× to 349×
Peer median: 8.8×

Devon Energy's price to free cash flow is 12.0× as of Oct 23, 2026.

That is above its ten-year median of 7.6×, higher than on 81% of days in the last ten years.

Over that time it ranged from 1.2× in Mar 2020 to 349× in Jan 2017.

The median for 10 oil and gas producers of a similar size is 8.8×.

Price to free cash flow over time

median 7.6×

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	12.0×	7.1×	12.0×
2025	7.1×	6.2×	8.2×
2024	6.7×	6.6×	12.7×
2023	9.9×	5.0×	10.0×
2022	6.7×	6.5×	18.8×
2021	15.3×	4.6×	35.4×
2020	4.4×	1.2×	5.1×
2019	5.1×	3.7×	6.7×
2018	4.5×	4.4×	9.5×
2017	7.5×	5.6×	349×
2016	328×	1.9×	345×
2015	4.0×	3.6×	29.8×
2014	n/m a value too high to mean anything
2013	n/m a value too high to mean anything
2012	n/m a value too high to mean anything
2011	197×	176×	198×
2010	176×	27.5×	176×

Against its peers

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

Company	Price to free cash flow
DVNDevon Energy	12.0×
FANGDiamondback Energy	7.9×
OXYOccidental Petroleum	12.1×
EOGEOG Resources	6.7×
EQTEQT	9.3×
TPLTexas Pacific Land	44.3×
EXEExpand Energy	8.1×
PRPermian Resources	5.4×
OVVOvintiv	8.8×
APAAPA	n/m
COPConocoPhillips	18.0×
Peer median	8.8×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

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.