CVE Relative Valuation
CVE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CVE is overvalued; if below, it's undervalued.
Historical Valuation
Cenovus Energy Inc (CVE) is now in the Overvalued zone, suggesting that its current forward PE ratio of 20.89 is considered Overvalued compared with the five-year average of 10.04. The fair price of Cenovus Energy Inc (CVE) is between 5.69 to 15.56 according to relative valuation methord. Compared to the current price of 18.22 USD , Cenovus Energy Inc is Overvalued By 17.09%.
Relative Value
Fair Zone
5.69-15.56
Current Price：18.22
17.09%
Overvalued
21.00
PE
1Y
3Y
5Y
Trailing
Forward
5.19
EV/EBITDA
Cenovus Energy Inc. (CVE) has a current EV/EBITDA of 5.19. The 5-year average EV/EBITDA is 4.44. The thresholds are as follows: Strongly Undervalued below 2.76, Undervalued between 2.76 and 3.60, Fairly Valued between 5.28 and 3.60, Overvalued between 5.28 and 6.12, and Strongly Overvalued above 6.12. The current Forward EV/EBITDA of 5.19 falls within the Historic Trend Line -Fairly Valued range.
6.51
EV/EBIT
Cenovus Energy Inc. (CVE) has a current EV/EBIT of 6.51. The 5-year average EV/EBIT is 7.10. The thresholds are as follows: Strongly Undervalued below -0.83, Undervalued between -0.83 and 3.13, Fairly Valued between 11.06 and 3.13, Overvalued between 11.06 and 15.03, and Strongly Overvalued above 15.03. The current Forward EV/EBIT of 6.51 falls within the Historic Trend Line -Fairly Valued range.
1.11
PS
Cenovus Energy Inc. (CVE) has a current PS of 1.11. The 5-year average PS is 0.69. The thresholds are as follows: Strongly Undervalued below 0.35, Undervalued between 0.35 and 0.52, Fairly Valued between 0.86 and 0.52, Overvalued between 0.86 and 1.04, and Strongly Overvalued above 1.04. The current Forward PS of 1.11 falls within the Strongly Overvalued range.
5.17
P/OCF
Cenovus Energy Inc. (CVE) has a current P/OCF of 5.17. The 5-year average P/OCF is 4.44. The thresholds are as follows: Strongly Undervalued below -4.31, Undervalued between -4.31 and 0.07, Fairly Valued between 8.81 and 0.07, Overvalued between 8.81 and 13.18, and Strongly Overvalued above 13.18. The current Forward P/OCF of 5.17 falls within the Historic Trend Line -Fairly Valued range.
10.77
P/FCF
Cenovus Energy Inc. (CVE) has a current P/FCF of 10.77. The 5-year average P/FCF is 7.57. The thresholds are as follows: Strongly Undervalued below 1.85, Undervalued between 1.85 and 4.71, Fairly Valued between 10.42 and 4.71, Overvalued between 10.42 and 13.28, and Strongly Overvalued above 13.28. The current Forward P/FCF of 10.77 falls within the Overvalued range.
Cenovus Energy Inc (CVE) has a current Price-to-Book (P/B) ratio of 1.59. Compared to its 3-year average P/B ratio of 1.54 , the current P/B ratio is approximately 3.38% higher. Relative to its 5-year average P/B ratio of 1.46, the current P/B ratio is about 8.74% higher. Cenovus Energy Inc (CVE) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 10.86%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 8.75% , the current FCF yield is about -100.00% lower.
1.60
P/B
Median3y
1.54
Median5y
1.46
5.88
FCF Yield
Median3y
10.86
Median5y
8.75
Competitors Valuation Multiple
The average P/S ratio for CVE's competitors is , providing a benchmark for relative valuation. Cenovus Energy Inc Corp (CVE) exhibits a P/S ratio of , which is NaN% above the industry average. Given its robust revenue growth of -4.52%, this premium appears unsustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of CVE increased by 20.99% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 5.93 to 9.75.
The secondary factor is the Revenue Growth, contributed -4.52%to the performance.
Overall, the performance of CVE in the past 1 year is driven by Margin Expansion. Which is more sustainable.
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