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Cenovus Energy (MEX:CVE N) Cyclically Adjusted Book per Share : MXN262.57 (As of Mar. 2025)


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What is Cenovus Energy Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Cenovus Energy's adjusted book value per share for the three months ended in Mar. 2025 was MXN233.249. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN262.57 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Cenovus Energy's average Cyclically Adjusted Book Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.40% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Cenovus Energy was 3.20% per year. The lowest was 1.70% per year. And the median was 2.40% per year.

As of today (2025-07-21), Cenovus Energy's current stock price is MXN236.19. Cenovus Energy's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN262.57. Cenovus Energy's Cyclically Adjusted PB Ratio of today is 0.90.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cenovus Energy was 1.90. The lowest was 0.16. And the median was 1.10.


Cenovus Energy Cyclically Adjusted Book per Share Historical Data

The historical data trend for Cenovus Energy's Cyclically Adjusted Book per Share 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.

* Premium members only.

Cenovus Energy Cyclically Adjusted Book per Share Chart

Cenovus Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 321.53

Cenovus Energy Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 258.56 262.27 310.10 321.53 262.57

Competitive Comparison of Cenovus Energy's Cyclically Adjusted Book per Share

For the Oil & Gas Integrated subindustry, Cenovus Energy's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio 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 Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cenovus Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Cenovus Energy's Cyclically Adjusted PB Ratio falls into.


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Cenovus Energy Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Cenovus Energy's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=233.249/129.1809*129.1809
=233.249

Current CPI (Mar. 2025) = 129.1809.

Cenovus Energy Quarterly Data

Book Value per Share CPI Adj_Book
201506 168.953 100.500 217.168
201509 198.919 100.421 255.887
201512 186.458 99.947 240.995
201603 187.024 101.054 239.081
201606 200.986 102.002 254.541
201609 202.352 101.765 256.867
201612 214.976 101.449 273.743
201703 197.772 102.634 248.928
201706 217.984 103.029 273.316
201709 233.737 103.345 292.171
201712 250.100 103.345 312.625
201803 221.563 105.004 272.577
201806 231.524 105.557 283.340
201809 217.508 105.636 265.988
201812 207.743 105.399 254.617
201903 205.655 106.979 248.335
201906 224.090 107.690 268.809
201909 233.287 107.611 280.047
201912 223.780 107.769 268.241
202003 242.394 107.927 290.127
202006 239.932 108.401 285.925
202009 231.428 108.164 276.395
202012 211.133 108.559 251.239
202103 186.201 110.298 218.079
202106 186.585 111.720 215.747
202109 191.855 112.905 219.512
202112 184.811 113.774 209.837
202203 191.231 117.646 209.982
202206 207.573 120.806 221.963
202209 214.076 120.648 229.217
202212 203.384 120.964 217.200
202303 189.359 122.702 199.357
202306 182.075 124.203 189.372
202309 193.179 125.230 199.273
202312 190.466 125.072 196.723
202403 192.024 126.258 196.470
202406 212.343 127.522 215.106
202409 230.989 127.285 234.430
202412 236.061 127.364 239.429
202503 233.249 129.181 233.249

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Cenovus Energy  (MEX:CVE N) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Cenovus Energy's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=236.19/262.57
=0.90

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Cenovus Energy was 1.90. The lowest was 0.16. And the median was 1.10.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Cenovus Energy Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Cenovus Energy's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Cenovus Energy Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Cenovus Energy Inc (MEX:CVE N) » Definitions » Cyclically Adjusted Book per Share
Address
225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2
Cenovus Energy Inc 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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