P/E ratio for Ovintiv (OVV)
P/E ratio as of April 2024 (TTM): 3.98
According to Ovintiv's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.98169. At the end of 2022 the company had a P/E ratio of 3.53.
P/E ratio history for Ovintiv from 2002 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 3.53 | -43.07% |
| 2021 | 6.19 | -1112.49% |
| 2020 | -0.6118 | -101.98% |
| 2019 | 30.9 | 494.68% |
| 2018 | 5.19 | -67.3% |
| 2017 | 15.9 | -245.98% |
| 2016 | -10.9 | 1249.72% |
| 2015 | -0.8054 | -109.03% |
| 2014 | 8.92 | -84.68% |
| 2013 | 58.2 | -1216.38% |
| 2012 | -5.22 | -100.28% |
| 2011 | > 1000 | 19944.47% |
| 2010 | 9.24 | -29.22% |
| 2009 | 13.1 | 122.53% |
| 2008 | 5.87 | -54.78% |
| 2007 | 13.0 | 94.91% |
| 2006 | 6.66 | -42.18% |
| 2005 | 11.5 | 54.41% |
| 2004 | 7.46 | -12.54% |
| 2003 | 8.53 | -54.59% |
| 2002 | 18.8 |
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.