DEVON ENERGY CORP/DE (DVN)
Crude Petroleum & Natural Gas
Latest Price
$45.13
TTM P/E
12.57
Normalized P/E
7.83
Div Yield
1.60%
Book Value
25.05
P/B Ratio
1.80
Valuation metrics
adjust assumptions →EPS: $4.17
Book value / share: $24.53
Formula: √(22.5 × EPS × BVPS)
Graham Number
$47.98
+6% upside
Norm. op. income: $3.6B (median of 6yr)
Tax rate: 22%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$31.84
29% downside
Base FCF: $3.0B (median of recent 5yr)
Growth: 8%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$89.03
+97% upside
EPS: $4.17
Target P/E: 8×
Formula: EPS × P/E
P/E Fair Value
$33.36
26% downside
Institutional Ownership
87.8% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 60.51M | $3.04B | 9.82% | -1.15M | 2026-03-31 |
| VANGUARD CAPITAL MANAGEMENT LLC | 40.33M | $2.03B | 6.55% | -- | 2026-03-31 |
| STATE STREET CORP | 38.56M | $1.94B | 6.26% | +3.02M | 2026-03-31 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 34.34M | $1.73B | 5.57% | -- | 2026-03-31 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 19.17M | $964.0M | 3.11% | +14.04M | 2026-03-31 |
| Invesco Ltd. | 18.95M | $953.0M | 3.08% | +11.21M | 2026-03-31 |
| GEODE CAPITAL MANAGEMENT, LLC | 16.75M | $839.0M | 2.72% | -2.43M | 2026-03-31 |
| GQG Partners LLC | 16.17M | $813.0M | 2.63% | -- | 2026-03-31 |
| MORGAN STANLEY | 11.73M | $590.0M | 1.90% | +136.4K | 2026-03-31 |
| EnCap Investments L.P. | 10.61M | $534.0M | 1.72% | -- | 2026-03-31 |