Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
The most important factor to remember is that the price of equity takes a firm's debt into account, whereas the sales does not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Devon Price to Sales Assessment
Based on latest financial disclosure the price to sales indicator of Devon Energy Corporation is roughly 2.39 times. This is 85.83% lower than that of Basic Materials sector, and 91.39% lower than that of Independent Oil and Gas industry, The Price to Sales for all stocks is 69.48% higher than the company.
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Devon is rated below average in price to sales category among related companies.
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