DVN

Devon Energy Corporation

Energy · $50.9B market cap

Verdict

Share price

$47.65

close of Oct 3, 2026

Fair value

$46.19

Sticker Price

Payback Price

$18.48

buy price

Fairly Valued

DVN is Fairly Valued: at $47.65 it's within 3% of its fair value of $46.19. Its buy price (Payback Price) is $18.48, 61% below today's price. Business quality is limited: only 1 of 5 key numbers clears the 10% bar.

How we valued it

Free Cash Flow. Sales grew -4% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

1 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth-0.7% a year✗
Equity per share growth-5.7% a year✗
Sales growth1.9% a year✗
Free cash flow growth6.9% a year✗
Return on invested capital13.6%✓

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Superinvestors

3 of the investors we track hold DVN. In Q2 2026, 3 added. Who we track

Insider activity

Since Jun 10, 2026: no open-market purchases and 12 other filings (stock awards, tax withholding and similar). Why purchases matter

Other filings

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.

Oil & Gas Exploration & Production

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works