Devon EnergyMEX:DVN 80 Quick Ratio is 0.94 as of Mar. 2026, which is 29% below its 10-year median of 1.33. GuruFocus rates MEX:DVN with a GF Score™ of 80/100 and a GF Value™ of MXN878.39 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,016 Oil & Gas companies, Devon Energy ranks worse than 58.07% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Devon Energy's quick ratio for the quarter that ended in Mar. 2026 was 0.94.
Devon Energy has a quick ratio of 0.94. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Devon Energy's Quick Ratio or its related term are showing as below:
MEX:DVN'
s Quick Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.33 Max: 2.61
Current: 0.94
During the past 13 years, Devon Energy's highest Quick Ratio was 2.61. The lowest was 0.87. And the median was 1.33.
MEX:DVN's Quick Ratio is ranked worse than 58.07% of 1016
companies
in the Oil & Gas industry
Industry Median: 1.12
vs MEX:DVN: 0.94
Devon Energy (MEX:DVN) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Devon Energy Quick Ratio Related Terms
Devon Energy Quick Ratio Historical Data
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The historical data trend for Devon Energy's Quick 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 Quick Ratio, along with its competitors' market caps and Quick 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 Quick Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Devon Energy's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Devon Energy's Quick 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 (MEX:DVN) has a Quick Ratio of 0.94 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Devon Energy and its competitors. This is 29% below median its historical median of 1.33. Over the past decade, Devon Energy's Quick Ratio has ranged from 0.87 to 2.61. According to the industry distribution chart, Devon Energy ranks #590 out of 1016 companies in the Oil & Gas industry, placing it in the top 58.1%.
Is Devon Energy's Quick Ratio too high?
Devon Energy's current Quick Ratio of 0.94 is 29% below median its 10-year median of 1.33. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 2.61. The Oil & Gas industry median Quick Ratio is 1.12. Devon Energy's value of 0.94 is 16.1% below this industry median. Based on the distribution chart, Devon Energy ranks #590 out of 1016 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Devon Energy has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Devon Energy's Quick Ratio compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #590 out of 1016 companies for Quick Ratio. This places Devon Energy in the lower half of its industry. The industry median Quick Ratio is 1.12. Devon Energy's value of 0.94 is 16.1% below this benchmark. Historically, Devon Energy's own Quick Ratio has ranged from 0.87 to 2.61 over the past decade. While the company's 10-year median is 1.33 vs. the industry median of 1.12, 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 Quick Ratio for an Oil & Gas company?
The median Quick Ratio among Oil & Gas companies is 1.12, based on 1,016 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Devon Energy's current Quick Ratio of 0.94 is 16.1% 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Devon Energy and its competitors. For the Oil & Gas industry, the median Quick Ratio is 1.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devon Energy's current Quick Ratio is 0.94, which is 29% below median its own 10-year median of 1.33. 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?
Based on GuruFocus' analysis, Devon Energy (MEX:DVN) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN878.39, compared to a current price of MXN734.00 — trading 16.4% below its estimated fair value. The current Quick Ratio is 0.94, which is 29% below median its 10-year median of 1.33 and 16.1% below the Oil & Gas industry median of 1.12. Devon Energy's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Devon Energy (MEX:DVN), the current Quick Ratio is 0.94 as of Mar. 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 (MEX:DVN) Overvalued in 2026?
Based on GuruFocus' analysis, Devon Energy stock appears to be undervalued.
The current stock price of MXN734.00 is trading 16.4% below its estimated GF Value™ of MXN878.39.
GuruFocus considers Devon Energy to be Modestly Undervalued.
Key valuation signals for MEX:DVN:
Quick Ratio: 0.94 (29% below median its 10-year median of 1.33)
GF Value™: MXN878.39 vs. price of MXN734.00 (16.4% below fair value)
Industry Position: 16.1% below the Oil & Gas median (#590 of 1016)
No single metric tells the full story. See the MEX: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.
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