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Cenovus Energy Inc. CVE.TO

CA · Toronto Stock Exchange · XTSE · stock · Energy · website

Cenovus Energy Inc. statistics & valuation

Market capC$79.5B
P / E20.2×
P / S1.5×
P / B2.5×
P / FCF23.9×
Dividend yield1.81%
Net margin7.5%
Return on equity12.4%
FCF margin6.3%
Net debtC$11.5B
Enterprise value USD$65.6B
Earnings yield EBIT/EV5.1%
Return on capital8.1%
Graham number -33.2%C$28.80

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (C$28.80); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
9.00% 7.40% 5.40% 7.50% 2022202320242025
Gross margin (%)
23.90% 22.90% 22.10% 22.40% 2022202320242025
Operating margin (%)
14.40% 10.10% 8.80% 8.80% 2022202320242025
Return on equity (%)
23.40% 14.30% 10.60% 12.40% 2022202320242025
Shares outstanding
1.84B 1.84B 1.84B 1.84B 2022202320242025
Net debt (C$)
C$7.12B C$7.72B C$7.54B C$11.47B 2022202320242025
Share buybacks (C$)
C$2.53B C$1.06B C$1.74B C$2.50B 2022202320242025
Return on assets (%)
11.50% 7.60% 5.60% 6.20% 2022202320242025
Free cash flow margin (%)
10.70% 5.60% 7.30% 6.30% 2022202320242025
Debt / equity (×)
0.42× 0.35× 0.36× 0.45× 2022202320242025
EPS (C$)
C$3.20 C$2.12 C$1.67 C$2.15 2022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Cenovus Energy Inc. trades at about 20.1× earnings — above its 10-year norm (10-year range 8.3×–12.6×, median 12.5×).

8.3× 20.1×

Shaded band = 10-year range (8.3×–12.6×); dot = today's 20.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022
Gross margin22.4%22.1%22.9%23.9%
Operating margin8.8%8.8%10.1%14.4%
Net margin7.5%5.4%7.4%9.0%
FCF margin6.3%7.3%5.6%10.7%
Return on assets6.2%5.6%7.6%11.5%
Return on equity12.4%10.6%14.3%23.4%
Debt / equity0.35×0.25×0.25×0.32×
Current ratio1.571.421.561.55

Computed from company filings · CA · as of 2025-12-31. Figures in CAD. Facts plus Stocktoria's own computed scores — not investment advice.