Is DMLP or DVN more undervalued in 2026?

CirclFi compares Dorchester Minerals, L.P. (DMLP) and Devon Energy Corporation (DVN) using 13 institutional-grade valuation models. DMLP has a Quality of Company score of 8.2/10 while DVN scores 9.0/10.

Which is a better buy — DMLP or DVN?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do DMLP and DVN valuations compare?

DMLP at $27.08 and DVN at $44.49 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

DMLP vs DVN Valuation Comparison 2026 — Intrinsic Value Analysis

DMLP

Crude Petroleum & Natural Gas

Dorchester Minerals, L.P.

Quality

8.2

out of 10

Value Trap

SAFE

Price

$27.08

Last close

Models

12/13

Active

DVN

Crude Petroleum & Natural Gas

Devon Energy Corporation

Quality

9.0

out of 10

Value Trap

SAFE

Price

$44.49

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	DMLP Fair Value	DMLP Upside	DVN Fair Value	DVN Upside
Bayesian DCF	Intrinsic	$46.60	+72.1%	$61.07	+37.3%
Earnings Power Value	Intrinsic	$14.79	-45.4%	$8.03	-82.0%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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DMLP vs DVN — Which Stock Is More Undervalued?

DVN scores higher with a 9.0/10 quality rating vs DMLP's 8.2/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Dorchester Minerals, L.P. (DMLP) and Devon Energy Corporation (DVN) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

DMLP currently trades at $27.08 with a QOC of 8.2/10, while DVN trades at $44.49 with a QOC of 9.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).