P/E ratio for Devon Energy (DVN)

P/E ratio history for Devon Energy from 2001 to 2023

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
EOG Resources EOG	9.92	89.26%	🇺🇸 USA
Occidental Petroleum OXY	7.79	48.62%	🇺🇸 USA
Marathon Oil MRO	10.5	100.72%	🇺🇸 USA
Pioneer Natural Resources PXD	12.4	137.20%	🇺🇸 USA
ConocoPhillips COP	12.3	134.26%	🇺🇸 USA
Chesapeake Energy CHK	2.04	-61.07%	🇺🇸 USA
SandRidge Energy SD	2.12	-59.61%	🇺🇸 USA
BHP Group BHP	4.24	-19.07%	🇦🇺 Australia
BP BP	3.34	-36.22%	🇬🇧 UK

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.