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Devon EnergyXSWX:DVN +4.23%75 EV-to-OCF is 7.54 as of Aug. 19, 2026, which is 32% above its 10-year median of 5.72. 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 1,025 Oil & Gas companies, Devon Energy ranks worse than 59.41% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Devon Energy's Enterprise Value is CHF51,358 Mil.
Devon Energy's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was CHF6,807 Mil. Therefore, Devon Energy's EV-to-OCF for today is 7.54.
The historical rank and industry rank for Devon Energy's EV-to-OCF or its related term are showing as below:
XSWX:DVN'
s EV-to-OCF Range Over the Past 10 Years
Min: 2.65 Med: 5.72 Max: 25.27
Current: 7.41
During the past 13 years, the highest EV-to-OCF of Devon Energy was 25.27. The lowest was 2.65. And the median was 5.72.
XSWX:DVN's EV-to-OCF is ranked worse than 59.41% of 1025
companies
in the Oil & Gas industry
Industry Median: 5.63
vs XSWX:DVN: 7.41
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Devon Energy EV-to-OCF Related Terms
Devon Energy EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Devon Energy's EV-to-OCF 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.
For the Oil & Gas E&P subindustry, Devon Energy's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Devon Energy's EV-to-OCF falls into.
Devon Energy's current Enterprise Value is CHF51,358 Mil.
Devon Energy's Cash Flow from Operations 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 CHF6,807 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-OCF of 7.54 as of Aug. 19, 2026. This is 32% above median its historical median of 5.72. Over the past decade, Devon Energy's EV-to-OCF has ranged from 2.65 to 25.27. According to the industry distribution chart, Devon Energy ranks #609 out of 1025 companies in the Oil & Gas industry, placing it in the top 59.4%.
Is Devon Energy's EV-to-OCF too high?
Devon Energy's current EV-to-OCF of 7.54 is 32% above median its 10-year median of 5.72. Over the past 10 years, this metric has ranged from a low of 2.65 to a high of 25.27. The Oil & Gas industry median EV-to-OCF is 5.63. Devon Energy's value of 7.54 is 33.9% above this industry median. Based on the distribution chart, Devon Energy ranks #609 out of 1025 companies in the Oil & Gas industry, which is below 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-OCF compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #609 out of 1025 companies for EV-to-OCF. This places Devon Energy in the lower half of its industry. The industry median EV-to-OCF is 5.63. Devon Energy's value of 7.54 is 33.9% above this benchmark. Historically, Devon Energy's own EV-to-OCF has ranged from 2.65 to 25.27 over the past decade. While the company's 10-year median is 5.72 vs. the industry median of 5.63, Devon Energy has consistently been above 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-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.63, based on 1,025 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current EV-to-OCF of 7.54 is 33.9% above 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current EV-to-OCF is 7.54, which is 32% above median its own 10-year median of 5.72. 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-OCF of 7.54. 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-OCF is 7.54, which is 32% above median its 10-year median of 5.72 and 33.9% above the Oil & Gas industry median of 5.63. 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Devon Energy (XSWX:DVN), the current EV-to-OCF is 7.54 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-OCF: 7.54 (32% above median its 10-year median of 5.72)
GF Value™: CHF36.47 vs. price of CHF38.94 (6.8% above fair value)
Industry Position: 33.9% above the Oil & Gas median (#609 of 1025)
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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