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DVN (Devon Energy) Cyclically Adjusted Revenue per Share : $24.83 (As of Mar. 2025)


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What is Devon Energy Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Devon Energy's adjusted revenue per share for the three months ended in Mar. 2025 was $6.902. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $24.83 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Devon Energy's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -2.00% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -0.50% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -1.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Devon Energy was 22.40% per year. The lowest was -2.60% per year. And the median was 7.60% per year.

As of today (2025-05-11), Devon Energy's current stock price is $32.53. Devon Energy's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $24.83. Devon Energy's Cyclically Adjusted PS Ratio of today is 1.31.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Devon Energy was 2.85. The lowest was 0.22. And the median was 1.39.


Devon Energy Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Devon Energy's Cyclically Adjusted Revenue per Share 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 Revenue per Share Chart

Devon Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.15 26.43 28.03 27.97 24.89

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 Revenue per Share 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 27.83 27.15 26.16 24.89 24.83

Competitive Comparison of Devon Energy's Cyclically Adjusted Revenue per Share

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

For the Oil & Gas industry and Energy sector, Devon Energy's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Devon Energy's Cyclically Adjusted PS Ratio falls into.


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Devon Energy Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue 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.

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

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=6.902/134.9266*134.9266
=6.902

Current CPI (Mar. 2025) = 134.9266.

Devon Energy Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 8.357 100.684 11.199
201509 8.869 100.392 11.920
201512 7.039 99.792 9.517
201603 4.485 100.470 6.023
201606 4.803 101.688 6.373
201609 5.532 101.861 7.328
201612 5.410 101.863 7.166
201703 6.803 102.862 8.924
201706 4.140 103.349 5.405
201709 3.696 104.136 4.789
201712 0.006 104.011 0.008
201803 4.227 105.290 5.417
201806 3.732 106.317 4.736
201809 4.409 106.507 5.585
201812 6.293 105.998 8.010
201903 2.486 107.251 3.128
201906 4.394 108.070 5.486
201909 4.431 108.329 5.519
201912 4.215 108.420 5.245
202003 5.536 108.902 6.859
202006 1.045 108.767 1.296
202009 2.830 109.815 3.477
202012 3.395 109.897 4.168
202103 3.149 111.754 3.802
202106 3.591 114.631 4.227
202109 5.150 115.734 6.004
202112 6.455 117.630 7.404
202203 5.793 121.301 6.444
202206 8.602 125.017 9.284
202209 8.344 125.227 8.990
202212 6.614 125.222 7.127
202303 5.909 127.348 6.261
202306 5.405 128.729 5.665
202309 6.003 129.860 6.237
202312 6.487 129.419 6.763
202403 5.690 131.776 5.826
202406 6.237 132.554 6.349
202409 6.459 133.029 6.551
202412 6.753 133.157 6.843
202503 6.902 134.927 6.902

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Devon Energy  (NYSE:DVN) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Devon Energy's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=32.53/24.83
=1.31

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Devon Energy was 2.85. The lowest was 0.22. And the median was 1.39.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Devon Energy Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Devon Energy's Cyclically Adjusted Revenue per Share 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 Revenue per Share
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