DVN

NYSE

DEVON ENERGY CORP/DE

Energy, Oil & Gas Exploration & Production

$42.98

close 7 Aug 2026

+30.76%

52-week change

$47.28B

market cap

$31.47

$52.71

52-week range

Expected price

$29.94 – $36.59

Current price

$42.98

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)10.21x

P/S (TTM)2.40x

P/B1.13x

EV/EBITDA (TTM)6.56x

FCF yield (TTM)9.93%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average17.21x

P/E, sector median15.54x*

Price at 5-year median P/E$32.64*

Indicated dividend yield2.98%

Forward — analyst consensus

Forward P/E (FY2026)8.12x*

Forward P/E (FY2027)8.33x

Forward PEG—*

Consensus EPS FY2026 (20 analysts)$5.29

EPS growth (FY2026→FY2027)-2.52%

Revenue growth (FY2026)46.56%

Street view

Price target (mean)$60.20*

Target upside40.07%

Ratings (buy / hold / sell)24 / 2 / 0

FY2026 EPS revisions, 30d (up / down)2 / 12

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +58.58%10Y CAGR -1.93%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$42.98

Cash & equivalents$950.00M

Total debt$11.39B

Shares outstanding1.10B

Result

DCF price per share$437.55

Current price$42.98

Margin of safety+918.04%

PV of years 1–10$114.38B

PV of terminal value$377.37B

Equity value$481.31B

Market-implied growth-2.87%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$5.87B	$7.33B	$9.17B	$11.46B	$14.32B	$17.91B	$22.38B	$27.98B	$34.97B	$43.72B	$814.71B
PV	$5.43B	$6.29B	$7.28B	$8.42B	$9.75B	$11.28B	$13.06B	$15.12B	$17.50B	$20.25B	$377.37B

period to 30 Jun 2026, filed 5 Aug 2026, close 7 Aug 2026