Is Devon Energy Corp. overvalued or undervalued?

As of 11 December 2024, the valuation grade for Devon Energy Corp. has moved from very attractive to fair. Based on the analysis, the company is currently fairly valued. The key ratios include a P/E ratio of 7, an EV to EBITDA of 3.76, and a dividend yield of 3.86%.
In comparison to its peers, Devon Energy Corp. has a lower P/E ratio than ConocoPhillips, which is considered expensive at 22.15, and EOG Resources, Inc., which is fairly valued at 10.43. The company's return on equity (ROE) stands at 20.44%, indicating solid profitability relative to its equity. Despite a recent decline in stock price, Devon's long-term performance shows a significant increase of 165.19% over the past five years, outperforming the S&P 500 during that period.