DVN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	53.09B EUR	47.51B EUR	31.27B EUR	22.78B EUR
Enterprise Value	64.75B EUR	58.25B EUR	38.05B EUR	29.94B EUR
Valuation Multiples
Trailing P/E	10.65x	14.49x	13.79x	10.61x
Forward P/E	8.77x	--	--	--
Price to Sales	2.83x	2.41x	1.89x	1.79x
Price to Book	1.33x	1.14x	2.03x	1.47x
EV/Revenue	3.45x	2.96x	2.3x	2.35x
EV/EBITDA	7.26x	6.47x	5.64x	5.41x
Price to FCF (P/FCF)	67.83x	32.17x	12.91x	12.68x
EV/FCF	82.74x	39.44x	15.7x	16.66x
FCF Yield	1.47%	3.11%	7.75%	7.89%