P/E ratio for Cenovus Energy (CVE)

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

PE ratio at the end of each year

P/E ratio for similar companies or competitors

Company	P/E ratio	P/E ratio differencediff.	Country
Canadian Natural Resources CNQ	6.64	-33.50%	🇨🇦 Canada
Suncor Energy SU	12.0	20.38%	🇨🇦 Canada
Imperial Oil IMO	11.4	14.08%	🇨🇦 Canada
Marathon Oil MRO	10.7	6.75%	🇺🇸 USA
EOG Resources EOG	10.1	0.98%	🇺🇸 USA
Apache Corporation APA	4.59	-53.97%	🇺🇸 USA
Phillips 66 PSX	7.89	-20.96%	🇺🇸 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.