Last 47 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 8.6x, down 84.0% year-over-year — suggesting improving earnings relative to price. EV/EBITDA has expanded 5.4% YoY to 4.6x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 18.32 | 8.63 | 5.90 | 7.39 | 7.40 | 53.88 | 9.96 | 9.27 | 8.06 | 10.67 | 5.37 | 9.65 | 13.64 |
| — | -84.0% | -40.8% | -20.3% | -8.2% | +404.8% | +85.6% | -3.9% | -40.9% | -16.4% | +10.3% | +143.6% | +161.7% | |
| P/S Ratio | 1.49 | 0.73 | 0.58 | 0.48 | 0.45 | 0.46 | 0.55 | 0.60 | 0.68 | 0.56 | 0.68 | 0.90 | 0.94 |
| — | +56.1% | +5.5% | -19.2% | -34.0% | -16.8% | -19.6% | -33.8% | -27.8% | -41.1% | +10.3% | +39.1% | +44.3% | |
| P/B Ratio | 2.27 | 1.00 | 1.07 | 0.85 | 0.85 | 0.95 | 1.05 | 1.22 | 1.26 | 1.09 | 1.38 | 1.22 | 1.22 |
| — | +5.2% | +1.9% | -30.9% | -32.8% | -13.1% | -23.5% | +0.6% | +3.4% | -23.4% | +22.7% | -16.9% | -11.0% | |
| P/FCF | 21.79 | 6.95 | 7.79 | 5.15 | 74.05 | 12.81 | 6.91 | 5.56 | 10.56 | 4.41 | 5.79 | 8.40 | — |
| — | -45.7% | +12.8% | -7.5% | +601.3% | +190.4% | +19.4% | -33.8% | — | -23.9% | +139.7% | +88.2% | — | |
| EV / EBITDA | 9.02 | 4.56 | 2.29 | 4.38 | 3.22 | 4.33 | 4.22 | 3.99 | 3.90 | 4.38 | 3.18 | 6.47 | 7.75 |
| — | +5.4% | -45.8% | +9.7% | -17.5% | -1.2% | +32.8% | -38.3% | -49.6% | -26.3% | -26.7% | +105.9% | +132.7% | |
| EV / EBIT | 20.20 | 9.84 | 7.07 | 7.01 | 6.47 | 25.85 | 8.03 | 7.41 | 6.54 | 8.58 | 4.63 | 11.89 | 20.30 |
| — | -61.9% | -11.9% | -5.3% | -1.1% | +201.2% | +73.2% | -37.7% | -67.8% | -35.8% | -17.9% | +158.7% | +238.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Cenovus Energy Inc.'s operating margin was 9.9% in Q4 2025, down 11.6 pp QoQ and up 4.4 pp YoY. The trailing four-quarter average of 11.4% exceeds the current quarter, suggesting the latest result may reflect seasonal weakness or a one-off headwind. Gross margin contracted 32.8% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 10.5% | 12.1% | 23.2% | 20.0% | 21.9% | 18.0% | 20.6% | 23.3% | 25.2% | 18.8% | 31.5% | 9.9% | 7.3% |
| — | -32.8% | +12.2% | -14.1% | -13.3% | -4.3% | -34.5% | +136.1% | +243.6% | +49.8% | +153.4% | -53.3% | -64.6% | |
| Operating Margin | 8.8% | 9.9% | 21.5% | 5.3% | 9.0% | 5.5% | 7.3% | 9.7% | 12.2% | 7.0% | — | 8.5% | 6.1% |
| — | +78.6% | +196.1% | -45.1% | -26.0% | -20.6% | — | +14.0% | +101.5% | -32.3% | — | -57.4% | -69.0% | |
| Net Margin | 7.9% | 8.6% | 9.7% | 6.6% | 6.0% | 1.0% | 5.8% | 6.5% | 8.5% | 5.3% | 12.8% | 7.1% | 5.2% |
| — | +793.2% | +69.4% | +1.5% | -29.0% | -81.8% | -55.0% | -8.5% | +64.2% | -5.0% | +38.8% | -44.2% | -48.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.8% | 3.1% | 4.4% | 2.9% | 2.9% | 0.5% | 2.8% | 3.3% | 4.0% | 2.6% | 6.6% | 2.4% | 1.7% |
| — | +532.5% | +61.8% | -14.5% | -28.6% | -81.0% | -58.6% | +41.5% | +137.7% | +23.6% | +54.4% | -68.1% | -71.8% | |
| ROA | 6.5% | 1.6% | 2.4% | 1.5% | 1.5% | 0.3% | 1.5% | 1.8% | 2.2% | 1.4% | 3.4% | 1.2% | 0.9% |
| — | +508.0% | +58.7% | -15.8% | -29.6% | -80.9% | -57.0% | +48.6% | +152.3% | +31.6% | +64.5% | -64.2% | -67.4% | |
| ROIC | 7.9% | 2.0% | 5.8% | 1.4% | 2.6% | 1.7% | 2.1% | 3.0% | 3.4% | 2.0% | — | 1.6% | 1.1% |
| — | +14.4% | +172.2% | -54.8% | -25.6% | -13.8% | — | +90.3% | +200.7% | -12.6% | — | -74.0% | -80.6% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Cenovus Energy Inc.'s Debt/EBITDA ratio is 6.8x, up from 2.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has improved 10.5% YoY to 1.57x, strengthening the short-term liquidity position.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.54 | 0.54 | 0.35 | 0.36 | 0.36 | 0.36 | 0.34 | 0.33 | 0.33 | 0.35 | 0.35 | 0.41 | 0.41 |
| — | +50.5% | +5.2% | +6.9% | +8.5% | +3.1% | -2.9% | -19.5% | -19.6% | -17.9% | -17.5% | -22.7% | -31.2% | |
| Debt / EBITDA | 1.73 | 6.77 | 2.38 | 5.60 | 4.15 | 5.15 | 4.41 | 3.66 | 3.41 | 4.46 | 2.62 | 6.91 | 8.17 |
| — | +31.6% | -46.2% | +52.7% | +21.6% | +15.3% | +68.5% | -47.0% | -58.3% | -25.2% | -49.0% | +90.8% | +88.1% | |
| Current Ratio | 1.57 | 1.57 | 1.73 | 1.32 | 1.46 | 1.42 | 1.59 | 1.66 | 1.70 | 1.56 | 1.49 | 1.50 | 1.63 |
| — | +10.5% | +8.4% | -20.1% | -14.1% | -9.3% | +6.9% | +10.3% | +4.2% | +0.9% | -3.5% | -13.1% | +2.4% | |
| Quick Ratio | 1.04 | 1.04 | 1.18 | 0.78 | 0.84 | 0.81 | 0.95 | 1.00 | 1.01 | 0.91 | 0.82 | 0.86 | 0.94 |
| — | +28.4% | +23.4% | -22.6% | -16.7% | -11.8% | +15.8% | +16.5% | +7.3% | -9.7% | -17.4% | -24.2% | -13.6% | |
| Interest Coverage | 10.59 | 8.89 | 20.36 | 7.60 | 7.93 | 2.14 | 7.40 | 9.03 | 20.60 | 12.26 | 69.52 | 8.55 | 5.22 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorDCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare business quality, growth, and profitability against top sector peers.
Start ComparisonQuick answers to the most common questions about buying CVE stock.
Cenovus Energy Inc.'s current P/E is 18.3x. The average P/E over the last 4 quarters is 7.3x. 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.