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Devon EnergyXSWX:DVN +4.23%75 Equity-to-Asset is 0.59 as of Jun. 2026, which is 34% above its 10-year median of 0.44. 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 1,033 Oil & Gas companies, Devon Energy ranks better than 63.41% on this metric.
Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Devon Energy's Total Stockholders Equity for the quarter that ended in Jun. 2026 was CHF33,368 Mil. Devon Energy's Total Assets for the quarter that ended in Jun. 2026 was CHF56,665 Mil.
Therefore, Devon Energy's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.59.
The historical rank and industry rank for Devon Energy's Equity-to-Asset or its related term are showing as below:
XSWX:DVN'
s Equity-to-Asset Range Over the Past 10 Years
Min: 0.22 Med: 0.44 Max: 0.59
Current: 0.59
During the past 13 years, the highest Equity to Asset Ratio of Devon Energy was 0.59. The lowest was 0.22. And the median was 0.44.
XSWX:DVN's Equity-to-Asset is ranked better than 63.41% of 1033
companies
in the Oil & Gas industry
Industry Median: 0.49
vs XSWX:DVN: 0.59
Devon Energy (XSWX:DVN) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Devon Energy Equity-to-Asset Related Terms
Devon Energy Equity-to-Asset Historical Data
* Premium members only.
The historical data trend for Devon Energy's Equity-to-Asset 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: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Devon Energy's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Devon Energy's Equity-to-Asset falls into.
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Devon Energy's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Equity-to-Asset of 0.59 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Devon Energy and its competitors. This is 34% above median its historical median of 0.44. Over the past decade, Devon Energy's Equity-to-Asset has ranged from 0.22 to 0.59. According to the industry distribution chart, Devon Energy ranks #378 out of 1033 companies in the Oil & Gas industry, placing it in the top 36.6%.
Is Devon Energy's Equity-to-Asset too high?
Devon Energy's current Equity-to-Asset of 0.59 is 34% above median its 10-year median of 0.44. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 0.59. The Oil & Gas industry median Equity-to-Asset is 0.49. Devon Energy's value of 0.59 is 20.4% above this industry median. Based on the distribution chart, Devon Energy ranks #378 out of 1033 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 Equity-to-Asset compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #378 out of 1033 companies for Equity-to-Asset. This puts Devon Energy in the upper half of its industry. The industry median Equity-to-Asset is 0.49. Devon Energy's value of 0.59 is 20.4% above this benchmark. Historically, Devon Energy's own Equity-to-Asset has ranged from 0.22 to 0.59 over the past decade. While the company's 10-year median is 0.44 vs. the industry median of 0.49, 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.49, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current Equity-to-Asset of 0.59 is 20.4% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Devon Energy and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current Equity-to-Asset is 0.59, which is 34% above median its own 10-year median of 0.44. 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 Equity-to-Asset of 0.59. 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 Equity-to-Asset is 0.59, which is 34% above median its 10-year median of 0.44 and 20.4% above the Oil & Gas industry median of 0.49. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Devon Energy (XSWX:DVN), the current Equity-to-Asset is 0.59 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 (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:
Equity-to-Asset: 0.59 (34% above median its 10-year median of 0.44)
GF Value™: CHF36.47 vs. price of CHF38.94 (6.8% above fair value)
Industry Position: 20.4% above the Oil & Gas median (#378 of 1033)
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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