Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 8.87.
Forward PE Ratio (8.87) = Close Price ($44.39) / Consensus Forward EPS ($5.06)
FORWARD PE RATIO
8.87
SECTOR MEDIAN · ENERGY
13.29
median of 36 covered companies
CURRENT VS SECTOR MEDIAN
-33.26%
vs the sector median at left
Devon Energy Corporation
Market Cap
$31.08B
Forward PE Ratio
8.87
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Devon Energy Corporation (DVN) | $31.08B | 8.87 |
| Venture Global, Inc. (VG)vs › | $33.06B | 9.04 |
| EQT Corporation (EQT)vs › | $33.83B | 12.77 |
| Tenaris S.A. (TS)vs › | $28.23B | 13.99 |
| Halliburton Company (HAL)vs › | $27.43B | 14.20 |
| Texas Pacific Land Corporation (TPL)vs › | $23.94B | 39.59 |
| Expand Energy Corporation (EXE)vs › | $21.92B | 10.51 |
| Cameco Corporation (CCJ)vs › | $42.57B | 60.43 |
| APA Corporation (APA)vs › | $14.14B | 7.12 |
| Antero Midstream Corporation (AM)vs › | $10.48B | 19.88 |
Trailing P/E
10.7
reported TTM EPS
Forward P/E
8.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $5.06 implies +20.2% EPS growth vs the reported trailing $4.21.
At today's $44.39 close, 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 | $5.06 | $4.36 – $5.83 | 10 | 8.8x |
| 2027-12-31 | $5.35 | $4.28 – $6.60 | 11 | 8.3x |
| 2028-12-31 | $6.10 | $4.86 – $7.74 | 7 | 7.3x |
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
