Last 48 quarters of trend data · Energy · Oil & Gas Integrated
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Cenovus Energy Inc.'s quarterly P/E stands at 7.9x, up 6.7% year-over-year. EV/EBITDA has expanded 23.4% YoY to 4.0x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.58 | 7.90 | 8.63 | 5.90 | 7.39 | 7.40 | 53.88 | 9.96 | 9.27 | 8.06 | 10.67 | 5.37 | 9.65 |
| — | +6.7% | -84.0% | -40.8% | -20.3% | -8.2% | +404.8% | +85.6% | -3.9% | -40.9% | -16.4% | +10.3% | +143.6% | |
| P/S Ratio | 1.35 | 1.01 | 0.73 | 0.58 | 0.48 | 0.45 | 0.46 | 0.55 | 0.60 | 0.68 | 0.56 | 0.68 | 0.90 |
| — | +124.4% | +56.1% | +5.5% | -19.2% | -34.0% | -16.8% | -19.6% | -33.8% | -27.8% | -41.1% | +10.3% | +39.1% | |
| P/B Ratio | 2.05 | 1.53 | 1.00 | 1.07 | 0.85 | 0.85 | 0.95 | 1.05 | 1.22 | 1.26 | 1.09 | 1.38 | 1.22 |
| — | +80.3% | +5.2% | +1.9% | -30.9% | -32.8% | -13.1% | -23.5% | +0.6% | +3.4% | -23.4% | +22.7% | -16.9% | |
| P/FCF | 19.71 | 12.02 | 6.95 | 7.79 | 5.15 | 74.05 | 12.81 | 6.91 | 5.56 | 10.56 | 4.41 | 5.79 | 8.40 |
| — | -83.8% | -45.7% | +12.8% | -7.5% | +601.3% | +190.4% | +19.4% | -33.8% | — | -23.9% | +139.7% | +88.2% | |
| EV / EBITDA | 8.30 | 3.98 | 4.56 | 2.29 | 4.38 | 3.22 | 4.33 | 4.22 | 3.99 | 3.90 | 4.38 | 3.18 | 6.47 |
| — | +23.4% | +5.4% | -45.8% | +9.7% | -17.5% | -1.2% | +32.8% | -38.3% | -49.6% | -26.3% | -26.7% | +105.9% | |
| EV / EBIT | 18.58 | 6.63 | 9.84 | 7.07 | 7.01 | 6.47 | 25.85 | 8.03 | 7.41 | 6.54 | 8.58 | 4.63 | 11.89 |
| — | +2.5% | -61.9% | -11.9% | -5.3% | -1.1% | +201.2% | +73.2% | -37.7% | -67.8% | -35.8% | -17.9% | +158.7% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Cenovus Energy Inc.'s operating margin was 18.6% in Q1 2026, up 8.7 pp QoQ and up 9.5 pp YoY. The trailing four-quarter average of 13.8% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.5% | 21.9% | 12.1% | 23.2% | 20.0% | 21.9% | 18.0% | 20.6% | 23.3% | 25.2% | 18.8% | 31.5% | 9.9% |
| — | +0.0% | -32.8% | +12.2% | -14.1% | -13.3% | -4.3% | -34.5% | +136.1% | +243.6% | +49.8% | +153.4% | -53.3% | |
| Operating Margin | 8.8% | 18.6% | 9.9% | 21.5% | 5.3% | 9.0% | 5.5% | 7.3% | 9.7% | 12.2% | 7.0% | — | 8.5% |
| — | +105.5% | +78.6% | +196.1% | -45.1% | -26.0% | -20.6% | — | +14.0% | +101.5% | -32.3% | — | -57.4% | |
| Net Margin | 7.9% | 12.7% | 8.6% | 9.7% | 6.6% | 6.0% | 1.0% | 5.8% | 6.5% | 8.5% | 5.3% | 12.8% | 7.1% |
| — | +110.1% | +793.2% | +69.4% | +1.5% | -29.0% | -81.8% | -55.0% | -8.5% | +64.2% | -5.0% | +38.8% | -44.2% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 4.9% | 3.1% | 4.4% | 2.9% | 2.9% | 0.5% | 2.8% | 3.3% | 4.0% | 2.6% | 6.6% | 2.4% |
| — | +70.7% | +532.5% | +61.8% | -14.5% | -28.6% | -81.0% | -58.6% | +41.5% | +137.7% | +23.6% | +54.4% | -68.1% | |
| ROA | 6.5% | 2.5% | 1.6% | 2.4% | 1.5% | 1.5% | 0.3% | 1.5% | 1.8% | 2.2% | 1.4% | 3.4% | 1.2% |
| — | +61.2% | +508.0% | +58.7% | -15.8% | -29.6% | -80.9% | -57.0% | +48.6% | +152.3% | +31.6% | +64.5% | -64.2% | |
| ROIC | 7.9% | 3.8% | 2.0% | 5.8% | 1.4% | 2.6% | 1.7% | 2.1% | 3.0% | 3.4% | 2.0% | — | 1.6% |
| — | +50.6% | +14.4% | +172.2% | -54.8% | -25.6% | -13.8% | — | +90.3% | +200.7% | -12.6% | — | -74.0% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Cenovus Energy Inc.'s Debt/EBITDA ratio is 3.6x, down from 6.8x last quarter — at a moderate level that warrants monitoring. The current ratio has improved 7.1% YoY to 1.57x, strengthening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.42 | 0.54 | 0.35 | 0.36 | 0.36 | 0.36 | 0.34 | 0.33 | 0.33 | 0.35 | 0.35 | 0.41 |
| — | +17.9% | +50.5% | +5.2% | +6.9% | +8.5% | +3.1% | -2.9% | -19.5% | -19.6% | -17.9% | -17.5% | -22.7% | |
| Debt / EBITDA | 1.73 | 3.59 | 6.77 | 2.38 | 5.60 | 4.15 | 5.15 | 4.41 | 3.66 | 3.41 | 4.46 | 2.62 | 6.91 |
| — | -13.4% | +31.6% | -46.2% | +52.7% | +21.6% | +15.3% | +68.5% | -47.0% | -58.3% | -25.2% | -49.0% | +90.8% | |
| Current Ratio | 1.57 | 1.57 | 1.57 | 1.73 | 1.32 | 1.46 | 1.42 | 1.59 | 1.66 | 1.70 | 1.56 | 1.49 | 1.50 |
| — | +7.1% | +10.5% | +8.4% | -20.1% | -14.1% | -9.3% | +6.9% | +10.3% | +4.2% | +0.9% | -3.5% | -13.1% | |
| Quick Ratio | 1.04 | 1.00 | 1.04 | 1.18 | 0.78 | 0.84 | 0.81 | 0.95 | 1.00 | 1.01 | 0.91 | 0.82 | 0.86 |
| — | +19.7% | +28.4% | +23.4% | -22.6% | -16.7% | -11.8% | +15.8% | +16.5% | +7.3% | -9.7% | -17.4% | -24.2% | |
| Interest Coverage | 10.59 | 14.71 | 8.89 | 20.36 | 7.60 | 7.93 | 2.14 | 7.40 | 9.03 | 20.60 | 12.26 | 69.52 | 8.55 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying CVE stock.
Cenovus Energy Inc.'s current P/E is 16.6x. The average P/E over the last 4 quarters is 7.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Cenovus Energy Inc.'s current operating margin is 8.8%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Cenovus Energy Inc.'s business trajectory between earnings reports.