P/E ratio for Cenovus Energy (CVE)
P/E ratio as of October 2023 (TTM): 14.2
According to Cenovus Energy 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 14.2029. At the end of 2021 the company had a P/E ratio of 57.1.
P/E ratio history for Cenovus Energy from 2010 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 57.1 | -1407.98% |
| 2020 | -4.37 | -158.43% |
| 2019 | 7.48 | -273.7% |
| 2018 | -4.31 | -211.33% |
| 2017 | 3.87 | -112.82% |
| 2016 | -30.2 | -218.78% |
| 2015 | 25.4 | 16.41% |
| 2014 | 21.8 | -34.92% |
| 2013 | 33.5 | 29.79% |
| 2012 | 25.8 | 52.48% |
| 2011 | 16.9 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Apache Corporation APA | 9.02 | -36.47% | 🇺🇸 USA |
 EOG Resources EOG | 8.67 | -38.98% | 🇺🇸 USA |
 Marathon Oil
MRO | 8.58 | -39.57% | 🇺🇸 USA |
 Phillips 66 PSX | 5.34 | -62.43% | 🇺🇸 USA |
 Imperial Oil
IMO | 8.95 | -37.00% | 🇨🇦 Canada |
 Suncor Energy
SU | 10.4 | -27.01% | 🇨🇦 Canada |
 Canadian Natural Resources CNQ | 13.0 | -8.21% | 🇨🇦 Canada |
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.