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Devon Energy (XBUL:DY6) Shiller PE Ratio : (As of Jan. 19, 2025)


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What is Devon Energy Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Devon Energy Shiller PE Ratio Historical Data

The historical data trend for Devon Energy's Shiller PE 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.

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Devon Energy Shiller PE Ratio Chart

Devon Energy Annual Data
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Devon Energy Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
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Competitive Comparison of Devon Energy's Shiller PE Ratio

For the Oil & Gas E&P subindustry, Devon Energy's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Devon Energy's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Devon Energy's Shiller PE Ratio falls into.



Devon Energy Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Devon Energy's E10 for the quarter that ended in Sep. 2024 is calculated as:

For example, Devon Energy's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=2.476/133.0289*133.0289
=2.476

Current CPI (Sep. 2024) = 133.0289.

Devon Energy Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 -1.923 99.070 -2.582
201503 -16.912 99.621 -22.583
201506 -13.217 100.684 -17.463
201509 -16.454 100.392 -21.803
201512 -21.177 99.792 -28.230
201603 -12.265 100.470 -16.240
201606 -5.790 101.688 -7.575
201609 3.599 101.861 4.700
201612 1.200 101.863 1.567
201703 1.105 102.862 1.429
201706 0.781 103.349 1.005
201709 0.705 104.136 0.901
201712 0.667 104.011 0.853
201803 -0.724 105.290 -0.915
201806 -1.581 106.317 -1.978
201809 9.789 106.507 12.227
201812 4.723 105.998 5.927
201903 -1.409 107.251 -1.748
201906 2.266 108.070 2.789
201909 0.514 108.329 0.631
201912 -3.238 108.420 -3.973
202003 -9.179 108.902 -11.213
202006 -3.390 108.767 -4.146
202009 -0.476 109.815 -0.577
202012 -0.514 109.897 -0.622
202103 0.609 111.754 0.725
202106 0.724 114.631 0.840
202109 2.362 115.734 2.715
202112 4.247 117.630 4.803
202203 2.819 121.301 3.092
202206 5.580 125.017 5.938
202209 5.485 125.227 5.827
202212 3.485 125.222 3.702
202303 2.914 127.348 3.044
202306 2.038 128.729 2.106
202309 2.704 129.860 2.770
202312 3.447 129.419 3.543
202403 1.790 131.776 1.807
202406 2.552 132.554 2.561
202409 2.476 133.029 2.476

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Devon Energy  (XBUL:DY6) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Devon Energy Shiller PE Ratio Related Terms

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Devon Energy Business Description

Address
333 West Sheridan Avenue, Oklahoma, OK, USA, 73102-5015
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. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.

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