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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Devon Energy's current 3-Year Share Buyback Ratio was 1.60%.
The historical rank and industry rank for Devon Energy's 3-Year Share Buyback Ratio or its related term are showing as below:
XSWX:DVN'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -58.5 Med: -5.55 Max: 10.1
Current: 1.6
During the past 13 years, Devon Energy's highest 3-Year Share Buyback Ratio was 10.10%. The lowest was -58.50%. And the median was -5.55%.
XSWX:DVN's 3-Year Share Buyback Ratio is ranked better than 86.53% of 683
companies
in the Oil & Gas industry
Industry Median: -3.5
vs XSWX:DVN: 1.60
Devon Energy (XSWX:DVN) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Devon Energy 3-Year Share Buyback Ratio Related Terms
XSWX:DVN vs OXY, FANG, EQT: 3-Year Share Buyback Ratio Comparison
For the Oil & Gas E&P subindustry, Devon Energy's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback 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 3-Year Share Buyback Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Devon Energy's 3-Year Share Buyback Ratio falls into.
Devon Energy 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of 1.60 mean?
Devon Energy (XSWX:DVN) has a 3-Year Share Buyback Ratio of 1.60 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Devon Energy and its competitors. According to the industry distribution chart, Devon Energy ranks #92 out of 683 companies in the Oil & Gas industry, placing it in the top 13.5%.
Is Devon Energy's 3-Year Share Buyback Ratio too high?
Devon Energy's current 3-Year Share Buyback Ratio is 1.60. Based on the distribution chart, Devon Energy ranks #92 out of 683 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 3-Year Share Buyback Ratio compare to OXY and FANG?
According to the Oil & Gas industry distribution chart, Devon Energy ranks #92 out of 683 companies for 3-Year Share Buyback Ratio. This places Devon Energy in the top 14% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for an Oil & Gas company?
A good 3-Year Share Buyback Ratio depends on the Oil & Gas industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Devon Energy and its competitors. Devon Energy's current 3-Year Share Buyback Ratio is 1.60. 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 3-Year Share Buyback Ratio of 1.60. 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 3-Year Share Buyback Ratio is 1.60. 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 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Devon Energy (XSWX:DVN), the current 3-Year Share Buyback Ratio is 1.60 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:
3-Year Share Buyback Ratio: 1.60
GF Value™: CHF36.47 vs. price of CHF38.94 (6.8% above fair value)
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
Get the complete analysis for XSWX:DVN
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