Cenovus Energy
CVE
#521
Rank
$38.29 B
Marketcap
$20.51
Share price
0.39%
Change (1 day)
21.36%
Change (1 year)
Cenovus Energy Inc. is a Canadian oil company headquartered in Calgary, Alberta. The company is involved on the production, refining, and transportation of oil and gases.

P/E ratio for Cenovus Energy (CVE)

P/E ratio as of July 2024 (TTM): 12.8

According to Cenovus Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.808. At the end of 2022 the company had a P/E ratio of 7.74.

P/E ratio history for Cenovus Energy from 2009 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.74-86.45%
202157.1-1407.98%
2020-4.37-158.43%
20197.48-273.7%
2018-4.31-210.22%
20173.91-112.95%
2016-30.2-218.78%
201525.416.41%
201421.8-34.92%
201333.530.77%
201225.651.33%
201116.9-28.48%
201023.7-14.82%
200927.8

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
7.03-45.09%๐Ÿ‡จ๐Ÿ‡ฆ Canada
11.4-10.71%๐Ÿ‡จ๐Ÿ‡ฆ Canada
10.7-16.63%๐Ÿ‡จ๐Ÿ‡ฆ Canada
10.7-16.48%๐Ÿ‡บ๐Ÿ‡ธ USA
9.77-23.72%๐Ÿ‡บ๐Ÿ‡ธ USA
6.59-48.56%๐Ÿ‡บ๐Ÿ‡ธ USA
8.45-34.00%๐Ÿ‡บ๐Ÿ‡ธ USA

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.