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Cenovus Energy (TSX:CVE) Cyclically Adjusted Price-to-FCF : 12.89 (As of Jun. 05, 2025)


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What is Cenovus Energy Cyclically Adjusted Price-to-FCF?

As of today (2025-06-05), Cenovus Energy's current share price is C$17.79. Cenovus Energy's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was C$1.38. Cenovus Energy's Cyclically Adjusted Price-to-FCF for today is 12.89.

The historical rank and industry rank for Cenovus Energy's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:CVE' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 4.35   Med: 22.74   Max: 46.51
Current: 13.5

During the past years, Cenovus Energy's highest Cyclically Adjusted Price-to-FCF was 46.51. The lowest was 4.35. And the median was 22.74.

TSX:CVE's Cyclically Adjusted Price-to-FCF is ranked worse than
52.36% of 403 companies
in the Oil & Gas industry
Industry Median: 12.8 vs TSX:CVE: 13.50

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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Cenovus Energy's adjusted free cash flow per share data for the three months ended in Mar. 2025 was C$0.047. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$1.38 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cenovus Energy Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Cenovus Energy's Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Chart

Cenovus Energy Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 27.91 26.59 19.35 16.59

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 Price-to-FCF 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 21.41 20.75 17.45 16.59 14.49

Competitive Comparison of Cenovus Energy's Cyclically Adjusted Price-to-FCF

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

For the Oil & Gas industry and Energy sector, Cenovus Energy's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Cenovus Energy's Cyclically Adjusted Price-to-FCF falls into.


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Cenovus Energy Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Cenovus Energy's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=17.79/1.38
=12.89

* 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's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

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

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.047/129.1809*129.1809
=0.047

Current CPI (Mar. 2025) = 129.1809.

Cenovus Energy Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.027 100.500 -0.035
201509 0.169 100.421 0.217
201512 -0.126 99.947 -0.163
201603 -0.169 101.054 -0.216
201606 -0.047 102.002 -0.060
201609 0.122 101.765 0.155
201612 -0.114 101.449 -0.145
201703 0.018 102.634 0.023
201706 0.819 103.029 1.027
201709 0.121 103.345 0.151
201712 0.254 103.345 0.318
201803 -0.531 105.004 -0.653
201806 0.163 105.557 0.199
201809 0.807 105.636 0.987
201812 0.161 105.399 0.197
201903 0.094 106.979 0.114
201906 0.834 107.690 1.000
201909 0.441 107.611 0.529
201912 0.342 107.769 0.410
202003 -0.151 107.927 -0.181
202006 -0.798 108.401 -0.951
202009 0.472 108.164 0.564
202012 0.000 108.559 0.000
202103 -0.157 110.298 -0.184
202106 0.409 111.720 0.473
202109 0.730 112.905 0.835
202112 0.655 113.774 0.744
202203 0.303 117.646 0.333
202206 1.038 120.806 1.110
202209 1.629 120.648 1.744
202212 0.836 120.964 0.893
202303 -0.708 122.702 -0.745
202306 0.508 124.203 0.528
202309 0.899 125.230 0.927
202312 0.939 125.072 0.970
202403 0.473 126.258 0.484
202406 0.883 127.522 0.894
202409 0.605 127.285 0.614
202412 0.300 127.364 0.304
202503 0.047 129.181 0.047

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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.


Cenovus Energy  (TSX:CVE) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Cenovus Energy Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Cenovus Energy's Cyclically Adjusted Price-to-FCF 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 (TSX:CVE) » Definitions » Cyclically Adjusted Price-to-FCF
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.
Executives
Jonathan Michael Mckenzie Senior Officer
Michael John Crothers Director
Melanie Anne Little Director
John F. Soini Senior Officer
Geoffrey Murray Senior Officer
Jeffery George Lawson Senior Officer
James Demitrius Girgulis Director
Karamjit Singh Sandhar Senior Officer
Keith Michael Casey Director
Keith Chiasson Senior Officer
Alex Pourbaix Director, Senior Officer
Norrie Carson Ramsay Senior Officer
Rhona Marie Delfrari Senior Officer
Joseph Drew Zieglgansberger Senior Officer
Doreen Alexandra Cole Senior Officer