Cenovus Energy Inc. (CVE) P/E Ratio History
Historical price-to-earnings valuation from 2010 to 2025
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CVE Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Cenovus Energy Inc. (CVE) trades at a price-to-earnings ratio of 18.3x, with a stock price of $29.00 and trailing twelve-month earnings per share of $1.75.
The current P/E is 66% above its 5-year average of 11.1x. Over the past five years, CVE's P/E has ranged from a low of 5.7x to a high of 36.1x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, CVE is roughly in line with its sector peers. The sector includes 173 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, CVE trades at a notable discount to the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CVE DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CVE P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $77B | 18.0 | - | +3% | |
| $95B | 12.0Lowest | - | +81% | |
| $64B | 26.8 | - | -28% | |
| $72B | 18.5 | - | +32% | |
| $69B | 15.9 | - | +116%Best | |
| $71B | 31.3 | - | -12% | |
| $118B | 16.8 | 1.00Best | +38% | |
| $68B | 27.2 | - | -26% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
CVE Historical P/E Data (2010–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $16.99 | $1.72 | 9.9x | -42% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $13.60 | $1.42 | 9.6x | -44% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $13.91 | $1.49 | 9.3x | -45% |
| FY2024 Q4 | $15.15 | $1.64 | 9.2x | -46% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $16.73 | $1.96 | 8.5x | -50% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $19.66 | $2.51 | 7.8x | -54% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $19.99 | $2.42 | 8.3x | -51% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $16.65 | $2.12 | 7.9x | -54% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $20.82 | $2.11 | 9.9x | -42% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $16.98 | $1.93 | 8.8x | -48% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $17.46 | $2.69 | 6.5x | -62% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $19.41 | $3.17 | 6.1x | -64% |
Average P/E for displayed period: 17.0x
Full CVE Stock Analysis
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Start ComparisonCVE — Frequently Asked Questions
Quick answers to the most common questions about buying CVE stock.
Is CVE stock overvalued or undervalued?
CVE trades at 18.3x P/E, above its 5-year average of 11.1x. The 90th percentile ranking indicates a premium to historical valuation.
How does CVE's valuation compare to peers?
Cenovus Energy Inc. P/E of 18.3x compares to sector median of 16.8x. The premium reflects expected growth above peers.
What is CVE's PEG ratio?
CVE PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2010-2025.