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DVNDevon Energy Corporation

Is the EV/Sales ratio high or low?

The EV/Sales ratio of 2.00x is 20% below its 5-year average of 2.49x, near the low end of its 5-year range (1.57x–5.32x).

As of Monday, June 29, 2026. 6.68% above its 12-month average of 1.87x.

EV/Sales Ratio

DVN EV/Sales Ratio Chart

2.00x
+16.96% 1Y
DVN EV/Sales Ratio

DVN Average EV/Sales Ratio Chart

DVN EV/Sales Ratio

DVN Current vs Average EV/Sales Ratio Chart

DVN EV/Sales Ratio Metrics

EV/SALES RATIO

2.00x

EV/SALES RATIO AVG TTM

1.87x

EV/SALES RATIO AVG 3Y

2.02x

EV/SALES RATIO AVG 5Y

2.35x

EV/SALES RATIO AVG 10Y

2.23x

EV/SALES RATIO AVG 15Y

2.38x

EV/SALES RATIO AVG 20Y

2.79x

CURRENT VS TTM AVG

+6.68%

CURRENT VS 3Y AVG

-1.16%

CURRENT VS 5Y AVG

-14.96%

CURRENT VS 10Y AVG

-10.20%

CURRENT VS 15Y AVG

-16.01%

CURRENT VS 20Y AVG

-28.30%

DVN Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Devon Energy Corporation (DVN)$26.23B2.00x1.87x2.02x2.35x
First Solar, Inc. (FSLR)vs ›$25.69B4.39x4.73x5.13x4.89x
Texas Pacific Land Corporation (TPL)vs ›$27.30B32.28x31.64x29.39x27.32x
Coterra Energy Inc. (CTRA)vs ›$24.72B3.63x3.63x3.47x3.94x
Halliburton Company (HAL)vs ›$28.58B1.57x1.44x1.52x1.75x
Tenaris S.A. (TS)vs ›$30.06B2.34x2.03x1.61x1.77x
Expand Energy Corporation (EXE)vs ›$21.16B1.71x2.97x2.83x2.33x
EQT Corporation (EQT)vs ›$32.96B3.82x4.92x4.94x3.88x
APA Corporation (APA)vs ›$11.67B1.85x1.54x1.65x1.88x
Antero Midstream Corporation (AM)vs ›$11.01B11.51x10.07x9.38x8.96x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

EV/Sales Ratio FAQ

What is the EV/Sales ratio for Devon Energy Corporation (DVN)?
The EV/Sales ratio for DVN stock is 2.00x.
Is Devon Energy Corporation's EV/Sales ratio high or low?
The EV/Sales ratio of 2.00x is 20% below its 5-year average of 2.49x, near the low end of its 5-year range (1.57x–5.32x).
What is the TTM average EV/Sales ratio for Devon Energy Corporation (DVN)?
The TTM average EV/Sales ratio for DVN stock is 1.87x.
What is the 3Y average EV/Sales ratio for Devon Energy Corporation (DVN)?
The 3Y average EV/Sales ratio for DVN stock is 2.02x.
What is the 5Y average EV/Sales ratio for Devon Energy Corporation (DVN)?
The 5Y average EV/Sales ratio for DVN stock is 2.35x.
What is the 10Y average EV/Sales ratio for Devon Energy Corporation (DVN)?
The 10Y average EV/Sales ratio for DVN stock is 2.23x.
What is the 15Y average EV/Sales ratio for Devon Energy Corporation (DVN)?
The 15Y average EV/Sales ratio for DVN stock is 2.38x.
What is the 20Y average EV/Sales ratio for Devon Energy Corporation (DVN)?
The 20Y average EV/Sales ratio for DVN stock is 2.79x.

DVN EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-262.00x
2026-06-252.01x
2026-06-242.02x
2026-06-232.04x
2026-06-222.03x
2026-06-181.99x
2026-06-172.01x
2026-06-162.02x
2026-06-152.05x
2026-06-122.11x
2026-06-112.09x
2026-06-102.16x
2026-06-092.07x
2026-06-082.10x
2026-06-052.07x
2026-06-042.14x
2026-06-032.15x
2026-06-022.15x
2026-06-012.15x
2026-05-292.08x
2026-05-282.07x
2026-05-272.07x
2026-05-262.11x
2026-05-222.19x
2026-05-212.18x
2026-05-202.23x
2026-05-192.28x
2026-05-182.28x
2026-05-152.27x
2026-05-142.19x
2026-05-132.17x
2026-05-122.17x
2026-05-112.17x
2026-05-082.12x
2026-05-072.11x
2026-05-062.16x
2026-05-052.27x
2026-05-042.28x
2026-05-012.26x
2026-04-302.29x
2026-04-292.28x
2026-04-282.22x
2026-04-272.17x
2026-04-242.16x
2026-04-232.17x
2026-04-222.13x
2026-04-212.08x
2026-04-202.05x
2026-04-172.03x
2026-04-162.08x
2026-04-152.06x
2026-04-142.07x
2026-04-132.14x
2026-04-102.16x
2026-04-092.16x
2026-04-082.16x
2026-04-072.24x
2026-04-062.22x
2026-04-022.22x
2026-04-012.19x
2026-03-312.25x
2026-03-302.29x
2026-03-272.31x
2026-03-262.29x
2026-03-252.25x
2026-03-242.25x
2026-03-232.18x
2026-03-202.19x
2026-03-192.19x
2026-03-182.17x
2026-03-172.14x
2026-03-162.12x
2026-03-132.10x
2026-03-122.10x
2026-03-112.07x
2026-03-102.01x
2026-03-092.05x
2026-03-062.04x
2026-03-052.04x
2026-03-042.00x
2026-03-032.02x
2026-03-022.05x
2026-02-272.00x
2026-02-261.97x
2026-02-251.97x
2026-02-241.99x
2026-02-232.01x
2026-02-202.03x
2026-02-192.04x
2026-02-182.04x
2026-02-172.02x
2026-02-132.04x
2026-02-122.02x
2026-02-112.05x
2026-02-102.00x
2026-02-092.00x
2026-02-062.01x
2026-02-051.99x
2026-02-042.00x
2026-02-031.91x
2026-02-021.88x
2026-01-301.88x
2026-01-291.87x
2026-01-281.87x
2026-01-271.85x
2026-01-261.82x
2026-01-231.82x
2026-01-221.80x
2026-01-211.79x
2026-01-201.74x
2026-01-161.73x
2026-01-151.74x
2026-01-141.80x
2026-01-131.76x
2026-01-121.72x
2026-01-091.72x
2026-01-081.73x
2026-01-071.67x
2026-01-061.72x
2026-01-051.75x
2026-01-021.79x
2025-12-311.75x
2025-12-301.76x
2025-12-291.73x
2025-12-261.71x
2025-12-241.73x
2025-12-231.74x
2025-12-221.74x
2025-12-191.72x
2025-12-181.72x
2025-12-171.76x
2025-12-161.69x
2025-12-151.73x
2025-12-121.78x
2025-12-111.78x
2025-12-101.81x
2025-12-091.78x
2025-12-081.78x
2025-12-051.78x
2025-12-041.79x
2025-12-031.79x
2025-12-021.77x
2025-12-011.79x
2025-11-281.77x
2025-11-261.74x
2025-11-251.72x
2025-11-241.72x
2025-11-211.71x
2025-11-201.70x
2025-11-191.70x
2025-11-181.72x
2025-11-171.69x
2025-11-141.72x
2025-11-131.69x
2025-11-121.70x
2025-11-111.70x
2025-11-101.65x
2025-11-071.64x
2025-11-061.60x
2025-11-051.62x
2025-11-041.63x
2025-11-031.64x
2025-10-311.63x
2025-10-301.61x
2025-10-291.61x
2025-10-281.61x
2025-10-271.64x
2025-10-241.64x
2025-10-231.66x
2025-10-221.62x
2025-10-211.61x
2025-10-201.60x
2025-10-171.60x
2025-10-161.61x
2025-10-151.63x
2025-10-141.63x
2025-10-131.65x
2025-10-101.63x
2025-10-091.69x
2025-10-081.72x
2025-10-071.72x
2025-10-061.72x
2025-10-031.70x
2025-10-021.69x
2025-10-011.73x
2025-09-301.72x
2025-09-291.74x
2025-09-261.79x
2025-09-251.75x
2025-09-241.73x
2025-09-231.70x
2025-09-221.67x
2025-09-191.68x
2025-09-181.72x
2025-09-171.73x
2025-09-161.72x
2025-09-151.67x
2025-09-121.71x
2025-09-111.73x
2025-09-101.74x
2025-09-091.69x
2025-09-081.70x
2025-09-051.71x
2025-09-041.74x
2025-09-031.72x
2025-09-021.77x
2025-08-291.76x
2025-08-281.75x
2025-08-271.74x
2025-08-261.73x
2025-08-251.75x
2025-08-221.72x
2025-08-211.68x
2025-08-201.67x
2025-08-191.67x
2025-08-181.66x
2025-08-151.67x
2025-08-141.68x
2025-08-131.67x
2025-08-121.66x
2025-08-111.64x
2025-08-081.65x
2025-08-071.62x
2025-08-061.62x
2025-08-051.70x
2025-08-041.69x
2025-08-011.69x
2025-07-311.74x
2025-07-301.76x
2025-07-291.77x
2025-07-281.77x
2025-07-251.72x
2025-07-241.74x
2025-07-231.74x
2025-07-221.72x
2025-07-211.70x
2025-07-181.72x
2025-07-171.72x
2025-07-161.68x
2025-07-151.70x
2025-07-141.73x
2025-07-111.76x
2025-07-101.76x
2025-07-091.79x
2025-07-081.80x
2025-07-071.71x
2025-07-031.74x
2025-07-021.74x
2025-07-011.71x
2025-06-301.68x
2025-06-271.70x
2025-06-261.71x
2025-06-251.69x
2025-06-241.70x
2025-06-231.72x
2025-06-201.78x
2025-06-181.77x
2025-06-171.79x
2025-06-161.79x
2025-06-131.81x

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

About Devon Energy Corporation

As an independent energy producer, Devon Energy Corporation primarily focuses on the exploration, development, and extraction of oil, natural gas, and natural gas liquids within the United States. The company manages roughly 5,134 gross wells. Established in 1971, its corporate headquarters are located in Oklahoma City, Oklahoma.

Oklahoma City, OK
2,300 employees
Energy / Oil & Gas Exploration & Production
Sector
Energy
Industry
Oil & Gas Exploration & Production
CEO
Clay Gaspar