Devon Energy (XBUL:DY6) E10: €3.56 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XBUL:DY6 Devon Energy Corp XBUL:DY6
29 GF Score
Price €39.81
GF Value €43.14
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Devon Energy E10?

Devon Energy XBUL:DY6 29 E10 is €3.56 as of Jun. 2026. GuruFocus rates XBUL:DY6 with a GF Score™ of 29/100 and a GF Value™ of €43.14 (Fairly Valued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Devon Energy's adjusted earnings per share data for the three months ended in Jun. 2026 was €1.762. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €3.56 for the trailing ten years ended in Jun. 2026.

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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Devon Energy was 194.30% per year. The lowest was -50.10% per year. And the median was 9.30% per year.

As of today (2026-08-16), Devon Energy's current stock price is €39.81. Devon Energy's E10 for the quarter that ended in Jun. 2026 was €3.56. Devon Energy's Shiller PE Ratio of today is 11.18.

During the past 13 years, the highest Shiller PE Ratio of Devon Energy was 79.83. The lowest was 10.97. And the median was 18.40.


Devon Energy  (XBUL:DY6) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Devon Energy's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=39.81/3.56
=11.18

* 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 Shiller P/E Ratio of Devon Energy was 79.83. The lowest was 10.97. And the median was 18.40.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Devon Energy E10 Related Terms


Devon Energy E10 Historical Data

* Premium members only.

The historical data trend for Devon Energy's E10 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.

Devon Energy E10 Chart

Devon Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 -3.03 1.50

Devon Energy Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
E10 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 -0.67 0.35 1.50 2.60 3.56

XBUL:DY6 vs OXY, FANG, EQT: E10 Comparison

For the Oil & Gas E&P subindustry, Devon Energy's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Devon Energy's Shiller PE Ratio falls into.


XBUL:DY6
29GF Score
Devon Energy Corp XBUL:DY6
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Devon Energy E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.762/333.9520*333.9520
=1.762

Current CPI (Jun. 2026) = 333.9520.

Devon Energy Quarterly Data

per share eps CPI Adj_EPS
201609 1.684 241.428 2.329
201612 0.597 241.432 0.826
201703 0.542 243.801 0.742
201706 0.365 244.955 0.498
201709 0.310 246.819 0.419
201712 0.296 246.524 0.401
201803 -0.308 249.554 -0.412
201806 -0.710 251.989 -0.941
201809 4.405 252.439 5.827
201812 2.180 251.233 2.898
201903 -0.655 254.202 -0.860
201906 1.053 256.143 1.373
201909 0.245 256.759 0.319
201912 -1.530 256.974 -1.988
202003 -4.362 258.115 -5.644
202006 -1.581 257.797 -2.048
202009 -0.212 260.280 -0.272
202012 -0.222 260.474 -0.285
202103 0.269 264.877 0.339
202106 0.315 271.696 0.387
202109 1.054 274.310 1.283
202112 1.974 278.802 2.364
202203 1.344 287.504 1.561
202206 2.772 296.311 3.124
202209 2.909 296.808 3.273
202212 1.728 296.797 1.944
202303 1.429 301.836 1.581
202306 0.988 305.109 1.081
202309 1.331 307.789 1.444
202312 1.657 306.746 1.804
202403 0.865 312.332 0.925
202406 1.245 314.175 1.323
202409 1.171 315.301 1.240
202412 0.936 315.605 0.990
202503 0.712 319.799 0.744
202506 1.222 322.561 1.265
202509 0.929 324.800 0.955
202512 0.769 324.054 0.792
202603 0.164 330.213 0.166
202606 1.762 333.952 1.762

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €3.56 mean?
Devon Energy (XBUL:DY6) has a E10 of €3.56 as of Jun. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Devon Energy and its competitors.
Is Devon Energy's E10 too high?
Devon Energy's current E10 is €3.56. Overall, Devon Energy has a GF Score™ of 29/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Devon Energy's E10 compare to OXY and FANG?
Devon Energy's E10 of €3.56 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Devon Energy and its competitors. Devon Energy's current E10 is €3.56. 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 (XBUL:DY6) is currently considered Fairly Valued. The stock's GF Value™ is €43.14, compared to a current price of €39.81 — trading 7.7% below its estimated fair value. The current E10 is €3.56. Devon Energy's overall GF Score™ is 29/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Devon Energy (XBUL:DY6), the current E10 is €3.56 as of Jun. 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 (XBUL:DY6) Overvalued in 2026?

Based on GuruFocus' analysis, Devon Energy stock appears to be undervalued. The current stock price of €39.81 is trading 7.7% below its estimated GF Value™ of €43.14. GuruFocus considers Devon Energy to be Fairly Valued.

Key valuation signals for XBUL:DY6:

  • E10: €3.56
  • GF Value™: €43.14 vs. price of €39.81 (7.7% below fair value)
  • GF Score™: 29/100 with 4 warning signs

No single metric tells the full story. See the XBUL:DY6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Devon Energy Business Description

Industry EnergyOil & Gas
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. 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.
29GF Score

Get the complete analysis for XBUL:DY6

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€39.81
Price
€43.14
GF Value