Devon Energy Corporation

BIT:1DY6 Stock Report

Market Cap: €23.4b

Devon Energy Valuation

Is 1DY6 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 1DY6 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: 1DY6 (€32.97) is trading below our estimate of future cash flow value (€92.25)

Significantly Below Future Cash Flow Value: 1DY6 is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1DY6?

Key metric: As 1DY6 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1DY6. This is calculated by dividing 1DY6's market cap by their current earnings.
What is 1DY6's PE Ratio?
PE Ratio10.2x
EarningsUS$2.72b
Market CapUS$27.70b

Price to Earnings Ratio vs Peers

How does 1DY6's PE Ratio compare to its peers?

The above table shows the PE ratio for 1DY6 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.2x
TEN Tenaris
12.5x-3.61%€21.1b
ENI Eni
21x13.27%€55.0b
1605 Inpex
10.6x-2.57%JP¥4.1t
SPM Saipem
20.7x18.02%€6.6b
1DY6 Devon Energy
10.2x5.02%€27.7b

Price-To-Earnings vs Peers: 1DY6 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (16.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does 1DY6's PE Ratio compare vs other companies in the European Oil and Gas Industry?

13 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1DY6 10.2xIndustry Avg. 15.5xNo. of Companies13PE0816243240+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1DY6 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the European Oil and Gas industry average (15.2x).

Price to Earnings Ratio vs Fair Ratio

What is 1DY6'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.

1DY6 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio17.4x

Price-To-Earnings vs Fair Ratio: 1DY6 is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (17.4x).

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 1DY6 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€32.97
€40.39
+22.52%
13.07%€52.21€28.63n/a27
Feb ’27€33.79
€37.86
+12.04%
12.34%€52.28€29.51n/a29
Jan ’27€31.18
€38.56
+23.67%
13.79%€52.77€28.09n/a30
Dec ’26€32.50
€39.14
+20.44%
15.89%€60.30€28.43n/a30
Nov ’26€27.91
€39.18
+40.39%
16.29%€60.73€28.63n/a30
Oct ’26€30.14
€38.86
+28.93%
16.69%€59.63€28.11n/a29
Sep ’26€30.99
€38.96
+25.71%
15.68%€56.75€28.37n/a29
Aug ’26€27.75
€38.43
+38.50%
16.34%€57.13€28.56n/a28
Jul ’26€27.46
€36.92
+34.48%
16.50%€56.03€26.32n/a29
Jun ’26€26.97
€38.14
+41.45%
16.03%€58.13€27.30n/a28
May ’26€27.09
€38.62
+42.57%
17.79%€58.00€28.12n/a29
Apr ’26€34.55
€45.40
+31.41%
11.31%€61.18€38.00n/a30
Mar ’26€34.31
€47.53
+38.52%
11.38%€64.02€41.09n/a30
Feb ’26€33.05
€47.10
+42.51%
11.88%€64.35€40.34€33.7930
Jan ’26€29.99
€48.18
+60.68%
12.14%€61.53€41.34€31.1828
Dec ’25€36.14
€48.91
+35.33%
11.30%€61.09€41.04€32.5028
Nov ’25€35.59
€47.98
+34.80%
10.20%€59.18€39.76€27.9128
Oct ’25€35.88
€48.67
+35.66%
9.51%€57.82€38.85€30.1427
Sep ’25€40.34
€51.11
+26.71%
9.50%€58.48€38.69€30.9927
Aug ’25€42.35
€53.65
+26.68%
9.35%€62.67€39.63€27.7527
Jul ’25€44.32
€55.13
+24.40%
8.72%€63.67€44.94€27.4628
Jun ’25€44.45
€53.97
+21.43%
8.89%€62.68€44.25€26.9727
May ’25€48.69
€54.12
+11.14%
10.34%€64.64€44.97€27.0929
Apr ’25€46.26
€50.48
+9.13%
10.61%€64.24€43.76€34.5528
Mar ’25€41.28
€49.04
+18.80%
12.57%€69.21€42.45€34.3128
Feb ’25€38.94
€49.28
+26.56%
13.00%€69.09€42.38€33.0528
€35.4
Fair Value
6.9% undervalued intrinsic discount
27
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/16 08:11
End of Day Share Price 2026/02/16 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 66 analysts. 11 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