Devon EnergyXSWX:DVN 72 PB Ratio is 1.66 as of Jul. 05, 2026, which is 28% below its 10-year median of 2.32. 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 927 Oil & Gas companies, Devon Energy ranks worse than 57.39% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-05), Devon Energy's share price is CHF32.445. Devon Energy's Book Value per Share for the quarter that ended in Mar. 2026 was CHF19.55. Hence, Devon Energy's PB Ratio of today is 1.66.
The historical rank and industry rank for Devon Energy's PB Ratio or its related term are showing as below:
XSWX:DVN'
s PB Ratio Range Over the Past 10 Years
Min: 0.4 Med: 2.32 Max: 5.47
Current: 1.63
During the past 13 years, Devon Energy's highest PB Ratio was 5.47. The lowest was 0.40. And the median was 2.32.
XSWX:DVN's PB Ratio is ranked worse than 57.39% of 927
companies
in the Oil & Gas industry
Industry Median: 1.4
vs XSWX:DVN: 1.63
During the past 12 months, Devon Energy's average Book Value Per Share Growth Rate was 9.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 13.40% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 23.80% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 2.90% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Devon Energy was 38.80% per year. The lowest was -32.10% per year. And the median was 8.65% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Devon Energy PB Ratio Related Terms
Devon Energy PB Ratio Historical Data
* Premium members only.
The historical data trend for Devon Energy's PB Ratio 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 PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's PB Ratio distribution charts can be found below:
* The bar in red indicates where Devon Energy's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Devon Energy's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Devon Energy (XSWX:DVN) has a PB Ratio of 1.66 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Devon Energy and its competitors. This is 28% below median its historical median of 2.32. Over the past decade, Devon Energy's PB Ratio has ranged from 0.40 to 5.47. According to the industry distribution chart, Devon Energy ranks #532 out of 927 companies in the Oil & Gas industry, placing it in the top 57.4%.
Is Devon Energy's PB Ratio too high?
Devon Energy's current PB Ratio of 1.66 is 28% below median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.40 to a high of 5.47. The Oil & Gas industry median PB Ratio is 1.40. Devon Energy's value of 1.66 is 18.6% above this industry median. Based on the distribution chart, Devon Energy ranks #532 out of 927 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 PB Ratio compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #532 out of 927 companies for PB Ratio. This places Devon Energy in the lower half of its industry. The industry median PB Ratio is 1.40. Devon Energy's value of 1.66 is 18.6% above this benchmark. Historically, Devon Energy's own PB Ratio has ranged from 0.40 to 5.47 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 1.40, 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 PB Ratio for an Oil & Gas company?
The median PB Ratio among Oil & Gas companies is 1.40, based on 927 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current PB Ratio of 1.66 is 18.6% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Devon Energy and its competitors. For the Oil & Gas industry, the median PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current PB Ratio is 1.66, which is 28% below median its own 10-year median of 2.32. 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 PB Ratio of 1.66. 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 PB Ratio is 1.66, which is 28% below median its 10-year median of 2.32 and 18.6% above the Oil & Gas industry median of 1.40. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Devon Energy (XSWX:DVN), the current PB Ratio is 1.66 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:
PB Ratio: 1.66 (28% below median its 10-year median of 2.32)
GF Value™: CHF40.70 vs. price of CHF32.45 (20.3% below fair value)
Industry Position: 18.6% above the Oil & Gas median (#532 of 927)
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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