Devon EnergyMEX:DVN -0.14%80 Current Ratio is 1.01 as of Mar. 2026, which is 25% below its 10-year median of 1.34. GuruFocus rates MEX:DVN with a GF Score™ of 80/100 and a GF Value™ of MXN896.56 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,014 Oil & Gas companies, Devon Energy ranks worse than 66.77% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Devon Energy's current ratio for the quarter that ended in Mar. 2026 was 1.01.
Devon Energy has a current ratio of 1.01. It generally indicates good short-term financial strength.
The historical rank and industry rank for Devon Energy's Current Ratio or its related term are showing as below:
MEX:DVN'
s Current Ratio Range Over the Past 10 Years
Min: 0.96 Med: 1.34 Max: 2.61
Current: 1.01
During the past 13 years, Devon Energy's highest Current Ratio was 2.61. The lowest was 0.96. And the median was 1.34.
MEX:DVN's Current Ratio is ranked worse than 66.77% of 1014
companies
in the Oil & Gas industry
Industry Median: 1.345
vs MEX:DVN: 1.01
Devon Energy (MEX:DVN) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Devon Energy Current Ratio Related Terms
Devon Energy Current Ratio Historical Data
* Premium members only.
The historical data trend for Devon Energy's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:DVN vs OXY, FANG, EQT: Current Ratio Comparison
For the Oil & Gas E&P subindustry, Devon Energy's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Devon Energy Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Current Ratio distribution charts can be found below:
* The bar in red indicates where Devon Energy's Current Ratio falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Devon Energy (MEX:DVN) has a Current Ratio of 1.01 as of Mar. 2026. This is 25% below median its historical median of 1.34. Over the past decade, Devon Energy's Current Ratio has ranged from 0.96 to 2.61. According to the industry distribution chart, Devon Energy ranks #677 out of 1014 companies in the Oil & Gas industry, placing it in the top 66.8%.
Is Devon Energy's Current Ratio too high?
Devon Energy's current Current Ratio of 1.01 is 25% below median its 10-year median of 1.34. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 2.61. The Oil & Gas industry median Current Ratio is 1.35. Devon Energy's value of 1.01 is 24.9% below this industry median. Based on the distribution chart, Devon Energy ranks #677 out of 1014 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Devon Energy has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Devon Energy's Current Ratio compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #677 out of 1014 companies for Current Ratio. This places Devon Energy in the lower half of its industry. The industry median Current Ratio is 1.35. Devon Energy's value of 1.01 is 24.9% below this benchmark. Historically, Devon Energy's own Current Ratio has ranged from 0.96 to 2.61 over the past decade. While the company's 10-year median is 1.34 vs. the industry median of 1.35, Devon Energy has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.35, based on 1,014 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current Current Ratio of 1.01 is 24.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current Current Ratio is 1.01, which is 25% below median its own 10-year median of 1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devon Energy stock overvalued right now?
Based on GuruFocus' analysis, Devon Energy (MEX:DVN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN896.56, compared to a current price of MXN733.00 — trading 18.2% below its estimated fair value. The current Current Ratio is 1.01, which is 25% below median its 10-year median of 1.34 and 24.9% below the Oil & Gas industry median of 1.35. Devon Energy's overall GF Score™ is 80/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Devon Energy (MEX:DVN), the current Current Ratio is 1.01 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Devon Energy (MEX:DVN) Overvalued in 2026?
Based on GuruFocus' analysis, Devon Energy stock appears to be undervalued.
The current stock price of MXN733.00 is trading 18.2% below its estimated GF Value™ of MXN896.56.
GuruFocus considers Devon Energy to be Modestly Undervalued.
Key valuation signals for MEX:DVN:
Current Ratio: 1.01 (25% below median its 10-year median of 1.34)
GF Value™: MXN896.56 vs. price of MXN733.00 (18.2% below fair value)
Industry Position: 24.9% below the Oil & Gas median (#677 of 1014)
No single metric tells the full story. See the MEX:DVN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two-thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. After the merger with Coterra, it will have a foothold in the gas-driven Appalachian Basin as well. At the end of 2025, Devon reported net proved reserves of 2.4 billion barrels of oil equivalent, up from 2.2 billion in 2024. Net production averaged roughly 840,000 barrels of oil equivalent per day in 2025 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
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