In the current market session, Devon Energy Inc. (NYSE:DVN) price is at $43.98, after a 0.31% increase. However, over the past month, the stock decreased by 4.97%, and in the past year, by 12.79%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. Comparing Devon Energy P/E Against Its PeersThe P/E ratio is used by long-term shareholders to assess the company’s market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholder…