As of today (2024-10-31), Devon Energy's share price is $38.68. Devon Energy's Tangible Book per Share of Jun. 2024 for the quarter that ended in Jun. 2024 was $18.80. Hence, Devon Energy's Price to Tangible Book Ratio of today is 2.06.
The historical rank and industry rank for Devon Energy's Price-to-Tangible-Book or its related term are showing as below:
DVN'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.84 Med: 2.83 Max: 102.34
Current: 2.06
During the past 13 years, Devon Energy's highest Price to Tangible Book Ratio was 102.34. The lowest was 0.84. And the median was 2.83.
DVN's Price-to-Tangible-Book is ranked worse than 71.32% of 903
companies
in the Oil & Gas industry
Industry Median: 1.25
vs DVN: 2.06
Devon Energy Price-to-Tangible-Book Historical Data
The historical data trend for Devon Energy's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Devon Energy's Price-to-Tangible-Book
For the Oil & Gas E&P subindustry, Devon Energy's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Devon Energy's Price-to-Tangible-Book Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Devon Energy's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Devon Energy's Price-to-Tangible-Book falls into.
Devon Energy Price-to-Tangible-Book Calculation
Devon Energy's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Devon Energy Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Devon Energy's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Devon Energy is an oil and gas producer with acreage in several top US shale plays. While roughly two thirds of its production comes from the Permian Basin, it also holds a meaningful presence in the Anadarko, Eagle Ford, and Bakken basins. At the end of 2023, Devon reported net proved reserves of 1.8 billion barrels of oil equivalent. Net production averaged roughly 658,000 barrels of oil equivalent per day in 2023 at a ratio of 73% oil and natural gas liquids and 27% natural gas.
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