Results of differential scanning calorimetry (DSC) studies of Se85Te15−xPbx (x = 4, 6, 8 and 10) glasses have been reported and discussed in this paper. The results have been analyzed on the basis of structural relaxation equation, Matusita’s equation and modified Kissinger’s equation. The activation energies of structural relaxation lie in between 226 and 593 kJ/mol. The crystallization growth is found to be onedimensional for all compositions. The activation energies of crystallization are found to be 100–136 kJ/mol by Matusita’s equation while 102–139 kJ/mol by modified Kissinger’s equation. The Hruby number (indicator of ease of glass forming and higher stability) is the highest for Se85Te9Pb6 glass while S factor (indicator of resistance to devitrification) is highest for Se85Te7Pb8 glass at all heating rates in our experiment. Further the highest resistance to devitrification has the highest value of structural activation energy and the activation energy of crystallization is maximum for the most stable glass by both Matusita’s equation and the modified Kissinger’s equation.