Cenovus Energy Inc. (CVE) is a publicly traded company in the Energy — Oil & Gas Integrated industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Cenovus Energy Inc. is an integrated energy firm involved in the exploration, extraction, processing, and sale of crude oil, natural gas liquids, and natural gas. Its operations span Canada, the United States, and the Asia Pacific region. The company organizes its extensive activities across six core segments: Oil Sands, Conventional, Offshore, Canadian Manufacturing, U.S. Manufacturing, and Retail.
Is Cenovus Energy Inc. stock overvalued or undervalued in 2026?
Cenovus Energy Inc. (CVE) trades at 12.1× earnings (P/E), against a median of 17.3× across the 140 energy companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (12.1) does not tell whether it is cheap.
Kaplio overview: Cenovus Energy Inc.
Market cap $60B · 52 weeks $16 – $34 (7 % below the high) · P/E 12.1× · 2027 expected P/E 8.7× · Dividend 1.9 % · Next earnings October 30, 2026 · expected EPS $1.12 · Closing price, Oct 28 · accounts published Jul 29.
- Valuation: P/E 12.1× (no verdict).
- Business: 5-year ROIC 8.6 % (weak).
- Balance sheet: Net debt/EBITDA 1.4× (solid).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (12.1) does not tell whether it is cheap.
In cyclicals the P/E misleads: today's earnings are not the normal ones.
What matters in energy: 4 of 8 pass
- FCF yield 4.9 %, fails.
- 5y avg ROIC 8.6 %, fails.
- P/E read in reverse (cyclicals) 12.1×, fails.
- Capex / Revenue 9.7 %, borderline.
- Positive FCF through the cycle 8 de 10 ejercicios, passes, near the threshold.
- Dividend coverage (FCF / div) 2.4×, passes.
- Net debt / EBITDA 1.4×, passes.
- EV/EBITDA vs own 10y 6.1×, passes.
Against its peers (reference peers) — Cenovus Energy Inc.: P/E 12.1×; EV/EBITDA 6.1×; ROIC 14.3 %; $59.6B. Imperial Oil Limited (P/E 19.6×; EV/EBITDA 10.7×; ROIC 11.4 %; $63.2B), Eni S.p.A. (P/E 10.3×; EV/EBITDA 7.0×; ROIC 3.4 %; $89.7B), Suncor Energy Inc. (P/E 13.9×; EV/EBITDA 6.7×; ROIC 9.2 %; $91.6B).
Expensive or cheap against its last ten years?
P/E at each close: today 12.1× · median 11.2× · minimum 5.4× · maximum 34.3× · cheap below 9.9× · expensive above 14.5×. It has been cheaper than today 59% of the time over its last ten years.
Dividend
tight (only raised recently) · Yield 1.9 % ($0.56 per ADS in 2025) · 5-year growth +66 % a year · Free cash flow coverage 2.7× · With $1,000 invested today you'd collect $19.20 a year ($1.60 a month).
Profitability
| Return on Equity | 21.02% |
| Return on Invested Capital | 14.29% |
| Return on Assets | 10.23% |
| Gross Margin | 21.38% |
| Operating Margin | 19.35% |
| Net Margin | 12.37% |
Financial Health
| Debt / Equity | 0.34 |
| Current Ratio | 1.63 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 2.15 |
Price Performance
| 1 month | +2.26% |
| 3 months | +4.87% |
| Year-to-date | +87.12% |
| 1 year | +85.47% |
| 3 years | +65.24% |
| 5 years | +164.27% |
| 10 years | +119.25% |
Dividend History
Paid in the last 12 months: $0.6063 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-15 | $0.1581 |
| 2026-06-15 | $0.1573 |
| 2026-03-13 | $0.1456 |
| 2025-12-15 | $0.1453 |
| 2025-09-15 | $0.1449 |
| 2025-06-13 | $0.1473 |
| 2025-03-14 | $0.1252 |
| 2024-12-13 | $0.1264 |
| 2024-09-13 | $0.1325 |
| 2024-06-14 | $0.1310 |
Amounts adjusted for stock splits.
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Explore sector: Energy · Oil & Gas Integrated
More sections of CVE: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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