Ovintiv Inc. (OVV) Financial Ratios
25 years of historical data (2001–2025) · Energy · Oil & Gas Exploration & Production
EV/EBITDA
↓
5.53
↑+28% vs avg
5yr avg: 4.31
30Y Low2.2·High9.6
P/FCF
↑
10.08
↑+46% vs avg
5yr avg: 6.91
30Y Low5.6·High72.9
P/B Ratio
↓
1.39
+6% vs avg
5yr avg: 1.31
30Y Low0.6·High2.7
ROE
↓
11.5%
↑-57% vs avg
5yr avg: 26.9%
30Y Low-89%·High57%
Debt/EBITDA
↓
1.84
+16% vs avg
5yr avg: 1.59
30Y Low0.7·High4.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
OVV Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Ovintiv Inc. trades at 12.5x earnings, 88% above its 5-year average of 6.7x, sitting at the 80th percentile of its historical range. Compared to the Energy sector median P/E of 16.8x, the stock trades at a discount of 26%. On a free-cash-flow basis, the stock trades at 10.1x P/FCF, 46% above the 5-year average of 6.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $15.2B | $10.2B | $10.8B | $11.6B | $13.1B | $9.0B | $3.7B | $6.1B | $5.5B | $13.0B | $10.4B |
| Enterprise Value | $22.7B | $17.7B | $17.1B | $18.3B | $17.6B | $14.6B | $11.7B | $14.2B | $10.2B | $18.2B | $15.4B |
| P/E Ratio → | 12.53 | 8.20 | 9.62 | 5.56 | 3.60 | 6.33 | — | 26.06 | 5.19 | 15.68 | — |
| P/S Ratio | 1.74 | 1.17 | 1.18 | 1.07 | 1.05 | 1.04 | 0.61 | 0.91 | 0.93 | 2.92 | 3.55 |
| P/B Ratio | 1.39 | 0.91 | 1.05 | 1.12 | 1.70 | 1.77 | 0.97 | 0.62 | 0.75 | 1.93 | 1.69 |
| P/FCF | 10.08 | 6.76 | 7.64 | 8.15 | 6.44 | 5.58 | 23.46 | 20.76 | 17.07 | — | — |
| P/OCF | 4.15 | 2.79 | 2.91 | 2.78 | 3.39 | 2.87 | 1.97 | 2.10 | 2.41 | 12.35 | 16.58 |
P/E links to full P/E history page with 30-year chart
OVV EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Ovintiv Inc.'s enterprise value stands at 5.5x EBITDA, 28% above its 5-year average of 4.3x. The Energy sector median is 7.9x, placing the stock at a 30% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.02 | 1.87 | 1.68 | 1.41 | 1.68 | 1.93 | 2.11 | 1.72 | 4.09 | 5.26 |
| EV / EBITDA | 5.53 | 4.31 | 4.41 | 3.90 | 3.54 | 5.37 | — | 5.42 | 3.44 | 9.56 | — |
| EV / EBIT | 11.99 | 15.42 | 9.69 | 6.38 | 4.54 | 9.22 | — | 20.34 | 6.74 | 10.13 | — |
| EV / FCF | — | 11.74 | 12.04 | 12.84 | 8.64 | 9.04 | 73.79 | 48.05 | 31.41 | — | — |
OVV Profitability
Margins and return-on-capital ratios measuring operating efficiency
Ovintiv Inc. earns an operating margin of 21.6%, above the Energy sector average of 14.4%. Operating margins have compressed from 26.3% to 21.6% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 11.5% is modest. ROIC of 8.0% represents adequate returns on invested capital versus a sector median of 6.3%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 28.6% | 28.6% | 54.4% | 54.2% | 55.2% | 48.8% | 44.6% | 50.8% | 57.6% | 61.0% | 47.1% |
| Operating Margin | 21.6% | 21.6% | 17.3% | 26.3% | 30.9% | 17.5% | -88.7% | 8.9% | 28.5% | 24.0% | -64.5% |
| Net Profit Margin | 14.2% | 14.2% | 12.3% | 19.2% | 29.2% | 16.4% | -100.2% | 3.5% | 18.0% | 18.6% | -32.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.5% | 11.5% | 10.9% | 23.1% | 57.0% | 31.8% | -88.6% | 2.7% | 15.1% | 12.9% | -15.4% |
| ROA | 6.3% | 6.3% | 5.7% | 11.9% | 25.0% | 9.9% | -33.9% | 1.3% | 7.0% | 5.5% | -6.2% |
| ROIC | 8.0% | 8.0% | 7.0% | 14.7% | 25.3% | 10.1% | -27.1% | 3.0% | 10.6% | 7.0% | -11.7% |
| ROCE | 11.1% | 11.1% | 9.4% | 19.4% | 32.7% | 13.0% | -34.7% | 3.7% | 12.6% | 8.0% | -13.7% |
OVV Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Ovintiv Inc. carries a Debt/EBITDA ratio of 1.8x, which is manageable (23% below the sector average of 2.4x). Net debt stands at $7.5B ($7.5B total debt minus $35M cash). Interest coverage of 5.0x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.67 | 0.67 | 0.61 | 0.64 | 0.58 | 1.14 | 2.09 | 0.83 | 0.77 | 0.88 | 0.95 |
| Debt / EBITDA | 1.84 | 1.84 | 1.63 | 1.43 | 0.90 | 2.13 | — | 3.15 | 1.93 | 3.11 | — |
| Net Debt / Equity | — | 0.67 | 0.60 | 0.64 | 0.58 | 1.10 | 2.09 | 0.81 | 0.63 | 0.77 | 0.82 |
| Net Debt / EBITDA | 1.83 | 1.83 | 1.62 | 1.42 | 0.90 | 2.06 | — | 3.08 | 1.57 | 2.73 | — |
| Debt / FCF | — | 4.98 | 4.41 | 4.69 | 2.21 | 3.47 | 50.33 | 27.28 | 14.34 | — | — |
| Interest Coverage | 5.03 | 5.03 | 3.83 | 8.07 | 12.39 | 4.47 | -14.55 | 1.57 | 4.83 | 2.94 | -4.74 |
OVV Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.54x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.60x to 0.54x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.54 | 0.54 | 0.51 | 0.60 | 0.61 | 0.58 | 0.51 | 0.77 | 1.33 | 1.37 | 1.23 |
| Quick Ratio | 0.54 | 0.54 | 0.51 | 0.60 | 0.61 | 0.58 | 0.51 | 0.77 | 1.33 | 1.37 | 1.23 |
| Cash Ratio | 0.10 | 0.10 | 0.02 | 0.00 | 0.00 | 0.07 | 0.00 | 0.08 | 0.52 | 0.43 | 0.53 |
| Asset Turnover | — | 0.43 | 0.48 | 0.54 | 0.83 | 0.62 | 0.42 | 0.31 | 0.39 | 0.29 | 0.20 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 48.34 | 44.71 | 45.11 | 47.94 | 58.64 | 71.96 | 83.08 | 44.86 | 58.82 | 79.30 |
OVV Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Ovintiv Inc. returns 4.0% to shareholders annually — split between a 2.0% dividend yield and 2.0% buyback yield. The payout ratio of 24.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 8.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 2.0% | 3.0% | 2.9% | 2.6% | 1.8% | 1.4% | 2.6% | 1.7% | 1.0% | 0.4% | 0.5% |
| Payout Ratio | 24.8% | 24.8% | 28.1% | 14.7% | 6.6% | 8.6% | — | 43.6% | 5.2% | 6.9% | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.0% | 12.2% | 10.4% | 18.0% | 27.8% | 15.8% | — | 3.8% | 19.3% | 6.4% | — |
| FCF Yield | 9.9% | 14.8% | 13.1% | 12.3% | 15.5% | 17.9% | 4.3% | 4.8% | 5.9% | — | — |
| Buyback Yield | 2.0% | 3.0% | 5.5% | 3.7% | 5.5% | 1.2% | 0.0% | 20.4% | 4.5% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.0% | 6.0% | 8.4% | 6.3% | 7.3% | 2.6% | 2.6% | 22.1% | 5.5% | 0.4% | 0.5% |
| Shares Outstanding | — | $260M | $267M | $264M | $258M | $266M | $260M | $261M | $192M | $195M | $177M |
Peer Comparison
Compare OVV with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 OVVYou | $15B | 12.5 | 5.5 | 10.1 | 28.6% | 21.6% | 11.5% | 8.0% | 1.8 |
 DVN | $29B | 11.1 | 4.9 | 9.3 | 24.7% | 22.0% | 17.5% | 12.3% | 1.2 |
 FANG | $55B | 34.0 | 7.0 | 10.5 | 35.2% | 32.7% | 4.0% | 6.7% | 1.5 |
 APA | $14B | 9.6 | 3.3 | 7.6 | 37.3% | 30.8% | 15.6% | 14.9% | 0.8 |
 SM | $3B | 5.1 | 4.3 | 5.7 | — | 0.5% | 14.3% | 0.2% | 1.9 |
 COP | $145B | 18.7 | 7.0 | 8.6 | 24.6% | 19.6% | 12.4% | 10.4% | 1.0 |
 EOG | $72B | 14.8 | 6.1 | 18.4 | 68.1% | 35.1% | 16.8% | 19.1% | 0.7 |
 CTRA | $25B | 14.5 | 5.9 | 15.1 | 60.4% | 89.1% | 12.3% | 10.9% | 0.8 |
 PR | $16B | 16.6 | 4.4 | 4.3 | — | — | 8.5% | 8.5% | 0.0 |
 MTDR | $7B | 9.5 | 3.9 | 3.0 | 88.8% | 33.2% | 13.3% | 11.8% | 0.9 |
 CHRD | $8B | 190.3 | 5.6 | 11.5 | 6.5% | 4.1% | 0.5% | 1.6% | 0.9 |
| Energy Median | — | 16.8 | 7.9 | 13.3 | 33.2% | 14.4% | 8.5% | 6.3% | 2.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonOVV — Frequently Asked Questions
Quick answers to the most common questions about buying OVV stock.
What is Ovintiv Inc.'s P/E ratio?
Ovintiv Inc.'s current P/E ratio is 12.5x. The historical average is 10.3x. This places it at the 80th percentile of its historical range.
What is Ovintiv Inc.'s EV/EBITDA?
Ovintiv Inc.'s current EV/EBITDA is 5.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 4.6x.
What is Ovintiv Inc.'s ROE?
Ovintiv Inc.'s return on equity (ROE) is 11.5%. The historical average is 9.0%.
Is OVV stock overvalued?
Based on historical data, Ovintiv Inc. is trading at a P/E of 12.5x. This is at the 80th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Ovintiv Inc.'s dividend yield?
Ovintiv Inc.'s current dividend yield is 1.98% with a payout ratio of 24.8%.
What are Ovintiv Inc.'s profit margins?
Ovintiv Inc. has 28.6% gross margin and 21.6% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Ovintiv Inc. have?
Ovintiv Inc.'s Debt/EBITDA ratio is 1.8x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.