Devon Energy Corporation

SWX:DVN Stock Report

Market Cap: CHF 17.7b

Devon Energy Valuation

Is DVN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DVN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DVN (CHF28.46) is trading below our estimate of fair value (CHF95.03)

Significantly Below Fair Value: DVN is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DVN?

Key metric: As DVN is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DVN. This is calculated by dividing DVN's market cap by their current earnings.
What is DVN's PE Ratio?
PE Ratio8.2x
EarningsUS$2.72b
Market CapUS$22.38b

Price to Earnings Ratio vs Peers

How does DVN's PE Ratio compare to its peers?

The above table shows the PE ratio for DVN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18x
1605 Inpex
8.4x-4.62%JP¥3.6t
WDS Woodside Energy Group
10x-5.17%AU$43.9b
TPL Texas Pacific Land
41.6x11.82%US$19.8b
CTRA Coterra Energy
12.1x8.64%US$19.6b
DVN Devon Energy
8.2x2.96%CHF 22.4b

Price-To-Earnings vs Peers: DVN is good value based on its Price-To-Earnings Ratio (8.2x) compared to the peer average (18x).

Price to Earnings Ratio vs Industry

How does DVN's PE Ratio compare vs other companies in the European Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
DVN 8.2xIndustry Avg. 11.6xNo. of Companies11PE0612182430+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DVN is good value based on its Price-To-Earnings Ratio (8.2x) compared to the European Oil and Gas industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is DVN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DVN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DVN's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DVN forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 28.46
CHF 35.67
+25.33%
13.80%CHF 48.86CHF 26.00n/a30
Dec ’26n/a
CHF 36.57
0%
15.89%CHF 56.34CHF 26.56n/a30
Nov ’26n/a
CHF 36.34
0%
16.29%CHF 56.33CHF 26.55n/a30
Oct ’26n/a
CHF 36.31
0%
16.69%CHF 55.72CHF 26.27n/a29
Sep ’26n/a
CHF 36.36
0%
15.68%CHF 52.96CHF 26.48n/a29
Aug ’26n/a
CHF 35.77
0%
16.34%CHF 53.17CHF 26.59n/a28
Jul ’26n/a
CHF 34.50
0%
16.50%CHF 52.36CHF 24.60n/a29
Jun ’26n/a
CHF 35.63
0%
16.03%CHF 54.30CHF 25.50n/a28
May ’26n/a
CHF 36.22
0%
17.79%CHF 54.40CHF 26.37n/a29
Apr ’26n/a
CHF 43.30
0%
11.31%CHF 58.34CHF 36.24n/a30
Mar ’26n/a
CHF 44.63
0%
11.38%CHF 60.11CHF 38.58n/a30
Feb ’26n/a
CHF 44.50
0%
11.88%CHF 60.80CHF 38.11n/a30
Jan ’26CHF 28.28
CHF 45.30
+60.19%
12.14%CHF 57.85CHF 38.87n/a28
Dec ’25n/a
CHF 45.45
0%
11.30%CHF 56.77CHF 38.14n/a28
Nov ’25n/a
CHF 44.93
0%
10.20%CHF 55.43CHF 37.24n/a28
Oct ’25n/a
CHF 45.59
0%
9.51%CHF 54.16CHF 36.39n/a27
Sep ’25n/a
CHF 47.85
0%
9.50%CHF 54.75CHF 36.22n/a27
Aug ’25n/a
CHF 51.90
0%
9.35%CHF 60.63CHF 38.34n/a27
Jul ’25n/a
CHF 52.84
0%
8.72%CHF 61.02CHF 43.07n/a28
Jun ’25n/a
CHF 52.82
0%
8.89%CHF 61.35CHF 43.31n/a27
May ’25n/a
CHF 53.10
0%
10.34%CHF 63.43CHF 44.12n/a29
Apr ’25n/a
CHF 49.05
0%
10.61%CHF 62.41CHF 42.51n/a28
Mar ’25n/a
CHF 46.69
0%
12.57%CHF 65.90CHF 40.42n/a28
Feb ’25n/a
CHF 46.23
0%
13.00%CHF 64.80CHF 39.75n/a28
Jan ’25n/a
CHF 47.59
0%
11.94%CHF 66.28CHF 40.45CHF 28.2828
Dec ’24n/a
CHF 49.48
0%
13.00%CHF 67.29CHF 41.08n/a28
CHF 36.12
Fair Value
21.2% undervalued intrinsic discount
30
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/29 00:02
End of Day Share Price 2025/12/29 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Devon Energy Corporation is covered by 65 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Hsulin PengBaird
Thomas DriscollBarclays