Devon EnergyXSWX:DVN 72 EV-to-FCF is 22.37 as of Jul. 05, 2026, which is 52% above its 10-year median of 14.70. GuruFocus rates XSWX:DVN with a GF Score™ of 72/100 and a GF Value™ of CHF40.70. The stock has 4 warning signs investors should review. Among 578 Oil & Gas companies, Devon Energy ranks worse than 66.78% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Devon Energy's Enterprise Value is CHF43,259 Mil.
Devon Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,934 Mil. Therefore, Devon Energy's EV-to-FCF for today is 22.37.
The historical rank and industry rank for Devon Energy's EV-to-FCF or its related term are showing as below:
XSWX:DVN'
s EV-to-FCF Range Over the Past 10 Years
Min: -75.36 Med: 14.7 Max: 429.08
Current: 22.06
During the past 13 years, the highest EV-to-FCF of Devon Energy was 429.08. The lowest was -75.36. And the median was 14.70.
XSWX:DVN's EV-to-FCF is ranked worse than 66.78% of 578
companies
in the Oil & Gas industry
Industry Median: 15.49
vs XSWX:DVN: 22.06
EV-to-FCF 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-FCF 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 CHF32.445.
Devon Energy's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF2.882.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Devon Energy EV-to-FCF Related Terms
Devon Energy EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Devon Energy's EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Devon Energy's EV-to-FCF falls into.
Devon Energy's current Enterprise Value is CHF43,259 Mil.
Devon Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF1,934 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-FCF of 22.37 as of Jul. 05, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Devon Energy and its competitors. This is 52% above median its historical median of 14.70. According to the industry distribution chart, Devon Energy ranks #386 out of 578 companies in the Oil & Gas industry, placing it in the top 66.8%.
Is Devon Energy's EV-to-FCF too high?
Devon Energy's current EV-to-FCF of 22.37 is 52% above median its 10-year median of 14.70. The Oil & Gas industry median EV-to-FCF is 15.49. Devon Energy's value of 22.37 is 44.4% above this industry median. Based on the distribution chart, Devon Energy ranks #386 out of 578 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Devon Energy has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Devon Energy's EV-to-FCF compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #386 out of 578 companies for EV-to-FCF. This places Devon Energy in the lower half of its industry. The industry median EV-to-FCF is 15.49. Devon Energy's value of 22.37 is 44.4% above this benchmark. While the company's 10-year median is 14.70 vs. the industry median of 15.49, 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current EV-to-FCF of 22.37 is 44.4% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Devon Energy and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current EV-to-FCF is 22.37, which is 52% above median its own 10-year median of 14.70. 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-FCF of 22.37. The stock's GF Value™ is CHF40.70, compared to a current price of CHF32.45 — trading 20.3% below its estimated fair value. The current EV-to-FCF is 22.37, which is 52% above median its 10-year median of 14.70 and 44.4% above the Oil & Gas industry median of 15.49. Devon Energy's overall GF Score™ is 72/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Devon Energy (XSWX:DVN), the current EV-to-FCF is 22.37 as of Jul. 05, 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 undervalued.
The current stock price of CHF32.45 is trading 20.3% below its estimated GF Value™ of CHF40.70.
Key valuation signals for XSWX:DVN:
EV-to-FCF: 22.37 (52% above median its 10-year median of 14.70)
GF Value™: CHF40.70 vs. price of CHF32.45 (20.3% below fair value)
Industry Position: 44.4% above the Oil & Gas median (#386 of 578)
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.
72GF Score
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