Basis: FMP quote price / unrounded FMP forward EPS in the trading currency, available after its recorded retrieval time. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 9.19 as of 2026-09-28T08:10:49.742Z.
Consensus retrieved: 2026-09-13T22:41:16.906Z. This records retrieval, including cache reads, rather than vendor publication. The calculation uses the separately dated price and estimate available at its as-of time.
Calculation as of: 2026-09-28T08:10:49.742Z.
Quote observation: 2026-09-25T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 7515487c4adb556aa6407af159b122910d3b05d990cabcf24f9210f61b8cb851
Forward PE Ratio (9.19) = Dated Quote Price ($47.05) / Consensus Forward EPS ($5.12)
FORWARD PE RATIO
9.19
SECTOR MEDIAN · ENERGY
12.71
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
-27.69%
vs the sector median at left
Devon Energy Corporation
Market Cap
$51.76B
Forward PE Ratio
9.19
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Devon Energy Corporation (DVN) | $51.76B | 9.19 |
| Diamondback Energy, Inc. (FANG)vs › | $52.51B | N/A |
| ONEOK, Inc. (OKE)vs › | $55.85B | 15.51 |
| Occidental Petroleum Corporation (OXY)vs › | $56.55B | 9.01 |
| Baker Hughes Company (BKR)vs › | $57.41B | 22.00 |
| MPLX Lp (MPLX)vs › | $57.64B | 13.25 |
| Targa Resources Corp. (TRGP)vs › | $59.64B | 24.64 |
| TC Energy Corporation (TRP)vs › | $61.19B | N/A |
| Cameco Corporation (CCJ)vs › | $38.36B | N/A |
| Kinder Morgan, Inc. (KMI)vs › | $68.47B | 20.11 |
Trailing P/E
11.2
reported TTM EPS
Forward P/E
9.2
consensus EPS · fiscal year ending 2026-12-31
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.12 implies +21.6% EPS growth vs the reported trailing $4.21.
At the dated quote price of $47.05, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $5.12 | $4.59 – $5.61 | 14 | 9.2x |
| 2027-12-31 | $4.95 | $3.32 – $5.83 | 12 | 9.5x |
| 2028-12-31 | $5.78 | $3.28 – $6.93 | 9 | 8.1x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
