This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Cenovus Energy's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $21.41. Cenovus Energy's 10-Year median PS Ratio is 0.7912. Therefore, the Median PS Value for today is $16.94.
As of today (2024-04-24), Cenovus Energy's share price is $21.23. Cenovus Energy's Median PS Value is $16.94. Therefore, Cenovus Energy's Price to Median PS Value for today is 1.25.
The historical rank and industry rank for Cenovus Energy's Median PS Value or its related term are showing as below:
CVE'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.59 Med: 0.73 Max: 1.25
Current: 1.25
During the past 13 years, the highest Price to Median PS Value of Cenovus Energy was 1.25. The lowest was 0.59. And the median was 0.73.
CVE's Price-to-Median-PS-Value is ranked worse than 74.12% of 568
companies
in the Oil & Gas industry
Industry Median: 0.88
vs CVE: 1.25
Cenovus Energy Median PS Value Historical Data
The historical data trend for Cenovus Energy's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Cenovus Energy's Median PS Value
For the Oil & Gas Integrated subindustry, Cenovus Energy's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cenovus Energy's Price-to-Median-PS-Value Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Price-to-Median-PS-Value falls into.
Cenovus Energy Median PS Value Calculation
Cenovus Energy's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.7912.
Cenovus Energy's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $21.41.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cenovus Energy (NYSE:CVE) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Cenovus Energy's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
21.23
/
16.94
=
1.25
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cenovus Energy Median PS Value Related Terms
Thank you for viewing the detailed overview of Cenovus Energy's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Cenovus Energy (Cenovus Energy) Business Description
Cenovus Energy is an integrated oil company, focused on creating value through the development of its oil sands assets. The company also engages in production of conventional crude oil, natural gas liquids, and natural gas in Alberta, Canada, with refining operations in the U.S. Net upstream production averaged 786 thousand barrels of oil equivalent per day in 2022. The company had upstream projects across Western Canada; crude oil production and natural gas and NGLs production offshore China and Indonesia. The downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada.
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