Ovintiv Inc. (OVV) is a publicly traded company in the Energy — Oil & Gas Exploration & Production industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Ovintiv Inc. is an energy company primarily focused on the exploration, production, and sale of natural gas, crude oil, and natural gas liquids (NGLs). Its activities are managed across three main segments: operations within the United States, operations in Canada, and market optimization efforts.
Is Ovintiv Inc. stock overvalued or undervalued in 2026?
Ovintiv Inc. (OVV) trades at 20.6× 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 (20.6) does not tell whether it is cheap.
Kaplio overview: Ovintiv Inc.
Market cap $20B · 52 weeks $37 – $73 (1 % below the high) · P/E 20.6× · 2027 expected P/E 8.7× · Dividend 1.7 % · 5 years rising · Next earnings November 3, 2026 · expected EPS $2.03 · Closing price, Oct 29 · accounts published Jul 23.
- Valuation: P/E 20.6× (no verdict).
- Business: 5-year ROIC 15.0 % (solid).
- Balance sheet: Net debt/EBITDA 2.2× (fragile).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (20.6) does not tell whether it is cheap.
In cyclicals the P/E misleads; on its average earnings over 10 years it trades at 38.1 times.
What matters in energy: 4 of 7 pass
- Net debt / EBITDA 2.2×, fails.
- Capex / Revenue 24.6 %, fails.
- EV/EBITDA vs own 10y 8.5×, fails.
- FCF yield 16.1 %, passes.
- 5y avg ROIC 15.0 %, passes.
- Positive FCF through the cycle 8 de 10 ejercicios, passes, near the threshold.
- Dividend coverage (FCF / div) 4.9×, passes.
- P/E read in reverse (cyclicals) 20.6×, info.
Against its peers (reference peers) — Ovintiv Inc.: P/E 20.6×; EV/EBITDA 8.5×; ROIC 14.4 %; $19.8B. APA Corporation (P/E 10.9×; EV/EBITDA 3.8×; ROIC 14.7 %; $18.0B), Range Resources Corporation (P/E 14.9×; EV/EBITDA 9.1×; ROIC 13.6 %; $12.6B), EQT Corporation (P/E 12.0×; EV/EBITDA 6.1×; ROIC 7.6 %; $34.1B).
Dividend
solid · Yield 1.7 % ($1.20 per share in 2025) · Years raising it 5 · 5-year growth +26 % a year · Free cash flow coverage 4.7× · With $1,000 invested today you'd collect $17.00 a year ($1.42 a month).
Profitability
| Return on Equity | 8.27% |
| Return on Invested Capital | 14.42% |
| Return on Assets | 4.77% |
| Gross Margin | 51.30% |
| Operating Margin | 25.67% |
| Net Margin | 9.55% |
Financial Health
| Debt / Equity | 0.43 |
| Current Ratio | 1.01 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 1.48 |
Price Performance
| 1 month | +23.78% |
| 3 months | +14.59% |
| Year-to-date | +82.62% |
| 1 year | +94.01% |
| 3 years | +49.10% |
| 5 years | +90.75% |
| 10 years | +50.52% |
Dividend History
Paid in the last 12 months: $1.2000 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-09-15 | $0.3000 |
| 2026-06-15 | $0.3000 |
| 2026-03-13 | $0.3000 |
| 2025-12-15 | $0.3000 |
| 2025-09-15 | $0.3000 |
| 2025-06-13 | $0.3000 |
| 2025-03-14 | $0.3000 |
| 2024-12-13 | $0.3000 |
| 2024-09-13 | $0.3000 |
| 2024-06-14 | $0.3000 |
Amounts adjusted for stock splits.
Related companies: FANG · APA · COP · CNQ · EOG · OXY · EQT · DVN
Explore sector: Energy · Oil & Gas Exploration & Production
More sections of OVV: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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