Ovintiv
OVV
#1143
Rank
$13.84 B
Marketcap
$55.76
Share price
2.84%
Change (1 day)
60.41%
Change (1 year)

P/E ratio for Ovintiv (OVV)

P/E ratio as of December 2022 (TTM): 6.37

According to Ovintiv's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 6.3653. At the end of 2021 the company had a P/E ratio of 6.13.

P/E ratio history for Ovintiv from 2002 to 2022

PE ratio at the end of each year

Year P/E ratio Change
20216.13-1094.65%
2020-0.6165-102.39%
201925.8378.48%
20185.39-65.65%
201715.7-242.93%
2016-11.01326.58%
2015-0.7691-105.09%
201415.1-73.18%
201356.4-1189%
2012-5.18-100.28%
2011> 100012902.39%
201014.38.88%
200913.1124.62%
20085.83-56.22%
200713.399.57%
20066.67-41.67%
200511.453.58%
20047.44-6.64%
20037.97-52.18%
200216.7

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.