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Devon EnergyXSWX:DVN +4.23%75 EV-to-EBITDA is 7.32 as of Aug. 19, 2026, which is 58% above its 10-year median of 4.63. GuruFocus rates XSWX:DVN with a GF Score™ of 75/100 and a GF Value™ of CHF36.47. The stock has 6 warning signs investors should review. Among 770 Oil & Gas companies, Devon Energy ranks better than 51.56% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Devon Energy's enterprise value is CHF51,358 Mil.
Devon Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was CHF7,012 Mil. Therefore, Devon Energy's EV-to-EBITDA for today is 7.32.
The historical rank and industry rank for Devon Energy's EV-to-EBITDA or its related term are showing as below:
XSWX:DVN'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -592.78 Med: 4.63 Max: 145.61
Current: 7.2
During the past 13 years, the highest EV-to-EBITDA of Devon Energy was 145.61. The lowest was -592.78. And the median was 4.63.
XSWX:DVN's EV-to-EBITDA is ranked better than 51.56% of 770
companies
in the Oil & Gas industry
Industry Median: 7.575
vs XSWX:DVN: 7.20
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Devon Energy's PE Ratio (TTM) for today is calculated as:
Devon Energy's share price for today is CHF38.935.
Devon Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF3.358.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Devon Energy's EV-to-EBITDA 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.
XSWX:DVN vs OXY, FANG, EQT: EV-to-EBITDA Comparison
For the Oil & Gas E&P subindustry, Devon Energy's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Devon Energy's EV-to-EBITDA falls into.
Devon Energy's current Enterprise Value is CHF51,358 Mil.
Devon Energy's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF7,012 Mil.
* 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 (XSWX:DVN) has a EV-to-EBITDA of 7.32 as of Aug. 19, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Devon Energy. This is 58% above median its historical median of 4.63. According to the industry distribution chart, Devon Energy ranks #373 out of 770 companies in the Oil & Gas industry, placing it in the top 48.4%.
Is Devon Energy's EV-to-EBITDA too high?
Devon Energy's current EV-to-EBITDA of 7.32 is 58% above median its 10-year median of 4.63. The Oil & Gas industry median EV-to-EBITDA is 7.58. Devon Energy's value of 7.32 is 3.4% below this industry median. Based on the distribution chart, Devon Energy ranks #373 out of 770 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Devon Energy has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Devon Energy's EV-to-EBITDA compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #373 out of 770 companies for EV-to-EBITDA. This puts Devon Energy in the upper half of its industry. The industry median EV-to-EBITDA is 7.58. Devon Energy's value of 7.32 is 3.4% below this benchmark. While the company's 10-year median is 4.63 vs. the industry median of 7.58, 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 EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.58, based on 770 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current EV-to-EBITDA of 7.32 is 3.4% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Devon Energy. For the Oil & Gas industry, the median EV-to-EBITDA is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current EV-to-EBITDA is 7.32, which is 58% above median its own 10-year median of 4.63. 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?
Devon Energy (XSWX:DVN) has a current EV-to-EBITDA of 7.32. The stock's GF Value™ is CHF36.47, compared to a current price of CHF38.94 — trading 6.8% above its estimated fair value. The current EV-to-EBITDA is 7.32, which is 58% above median its 10-year median of 4.63 and 3.4% below the Oil & Gas industry median of 7.58. Devon Energy's overall GF Score™ is 75/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Devon Energy (XSWX:DVN), the current EV-to-EBITDA is 7.32 as of Aug. 19, 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 (XSWX:DVN) Overvalued in 2026?
Based on GuruFocus' analysis, Devon Energy stock appears to be overvalued.
The current stock price of CHF38.94 is trading 6.8% above its estimated GF Value™ of CHF36.47.
Key valuation signals for XSWX:DVN:
EV-to-EBITDA: 7.32 (58% above median its 10-year median of 4.63)
GF Value™: CHF36.47 vs. price of CHF38.94 (6.8% above fair value)
Industry Position: 3.4% below the Oil & Gas median (#373 of 770)
No single metric tells the full story. See the XSWX: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.
75GF Score
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