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DVN (Devon Energy) Cyclically Adjusted Price-to-FCF : 20.01 (As of Jun. 02, 2025)


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What is Devon Energy Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), Devon Energy's current share price is $31.015. Devon Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $1.55. Devon Energy's Cyclically Adjusted Price-to-FCF for today is 20.01.

The historical rank and industry rank for Devon Energy's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

DVN' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.21   Med: 39.55   Max: 58.05
Current: 19.49

During the past years, Devon Energy's highest Cyclically Adjusted Price-to-FCF was 58.05. The lowest was 18.21. And the median was 39.55.

DVN's Cyclically Adjusted Price-to-FCF is ranked worse than
67.58% of 401 companies
in the Oil & Gas industry
Industry Median: 12.8 vs DVN: 19.49

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Devon Energy's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $1.550. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $1.55 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Devon Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Devon Energy's Cyclically Adjusted Price-to-FCF 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.

* Premium members only.

Devon Energy Cyclically Adjusted Price-to-FCF Chart

Devon Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 26.74

Devon Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 47.51 41.50 52.78 26.74 24.08

Competitive Comparison of Devon Energy's Cyclically Adjusted Price-to-FCF

For the Oil & Gas E&P subindustry, Devon Energy's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Devon Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Devon Energy's Cyclically Adjusted Price-to-FCF falls into.


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Devon Energy Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Devon Energy's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=31.015/1.55
=20.01

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Devon Energy's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=1.55/134.9266*134.9266
=1.550

Current CPI (Mar. 2025) = 134.9266.

Devon Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.847 100.684 -1.135
201509 0.887 100.392 1.192
201512 -1.315 99.792 -1.778
201603 -4.665 100.470 -6.265
201606 -0.299 101.688 -0.397
201609 0.582 101.861 0.771
201612 2.563 101.863 3.395
201703 0.140 102.862 0.184
201706 0.554 103.349 0.723
201709 0.436 104.136 0.565
201712 0.772 104.011 1.001
201803 0.283 105.290 0.363
201806 -0.093 106.317 -0.118
201809 0.585 106.507 0.741
201812 0.126 105.998 0.160
201903 -0.281 107.251 -0.354
201906 0.302 108.070 0.377
201909 -0.076 108.329 -0.095
201912 0.422 108.420 0.525
202003 -0.082 108.902 -0.102
202006 -0.533 108.767 -0.661
202009 0.711 109.815 0.874
202012 0.416 109.897 0.511
202103 0.143 111.754 0.173
202106 0.868 114.631 1.022
202109 1.655 115.734 1.929
202112 1.663 117.630 1.908
202203 1.974 121.301 2.196
202206 3.066 125.017 3.309
202209 -1.519 125.227 -1.637
202212 1.677 125.222 1.807
202303 1.008 127.348 1.068
202306 0.482 128.729 0.505
202309 1.283 129.860 1.333
202312 1.279 129.419 1.333
202403 1.323 131.776 1.355
202406 0.804 132.554 0.818
202409 -4.520 133.029 -4.584
202412 0.954 133.157 0.967
202503 1.550 134.927 1.550

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Devon Energy  (NYSE:DVN) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Devon Energy Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Devon Energy's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Devon Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Devon Energy Corp (NYSE:DVN) » Definitions » Cyclically Adjusted Price-to-FCF
Address
333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015
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. At the end of 2024, Devon reported net proved reserves of 2.2 billion barrels of oil equivalent. Net production averaged roughly 848,000 barrels of oil equivalent per day in 2024 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
Executives
Tana K Cashion officer: SVP Human Resources and Admin 333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Richard E Muncrief director, officer: President and CEO 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Dennis C Cameron officer: EVP and General Counsel DEVON ENERGY, 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
Clay M Gaspar officer: EVP and COO 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102
John E Bethancourt director 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Michael N Mears director ONE WILLIAMS CENTER, MD 28-1, TULSA OK 74172
Gennifer F. Kelly director 1702 COMMERCE WAY, BRENTWOOD TN 37027
Valerie Williams director C/O OMNICOM GROUP INC., 280 PARK AVENUE, NEW YORK NY 10017
Ann G Fox director 2001 KIRBY DRIVE, SUITE 200, HOUSTON TX 77019
Kelt Kindick director DEVON ENERGY CORP, 333 W SHERIDAN AVE, OKLAHOMA CITY OK 73102
Jeffrey L Ritenour officer: EVP & CHIEF FINANCIAL OFFICER 333 W. SHERIDAN AVENUE, OKLAHOMA CITY OK 73102
Jeremy D. Humphers officer: SVP Chief Accounting Officer 333 WEST SHERIDAN AVENUE, OKLAHOMA CITY OK 73102-5015
Felix Investments Holdings Ii, Llc director, 10 percent owner 1530 16TH STREET, SUITE 500, DENVER CO 80202
Encap Energy Capital Fund X, L.p. director, 10 percent owner 9651 KATY FREEWAY, SUITE 600, HOUSTON TX 77024
Karl F Kurz director DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102