Cenovus EnergyTSX:CVE +0.60%66 Days Inventory is 37.51 as of Mar. 2026, which is 10% above its 10-year median of 34.04. GuruFocus rates TSX:CVE with a GF Score™ of 66/100 and a GF Value™ of C$22.41 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 688 Oil & Gas companies, Cenovus Energy ranks worse than 52.03% on this metric.
Days Inventory is also known as Days Sales of Inventory (DSI). Cenovus Energy's Average Total Inventories for the
three
months ended in Mar. 2026 was C$3,738 Mil. Cenovus Energy's Cost of Goods Sold for the
three
months ended in Mar. 2026 was C$9,094 Mil.
Hence, Cenovus Energy's Days Inventory for the
three
months ended in Mar. 2026 was 37.51.
The historical rank and industry rank for Cenovus Energy's Days Inventory or its related term are showing as below:
TSX:CVE'
s Days Inventory Range Over the Past 10 Years
Min: 23.02 Med: 34.04 Max: 38.78
Current: 33.98
During the past 13 years, Cenovus Energy's highest Days Inventory was 38.78. The lowest was 23.02. And the median was 34.04.
TSX:CVE's Days Inventory is ranked worse than 52.03% of 688
companies
in the Oil & Gas industry
Industry Median: 31
vs TSX:CVE: 33.98
Cenovus Energy's Days Inventory
increased
from Mar. 2025 (36.24) to Mar. 2026 (37.51).
It might indicate that Cenovus Energy's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Cenovus Energy's Inventory Turnover for the
three
months ended in Mar. 2026 was 2.43.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Cenovus Energy's Inventory-to-Revenue for the
three
months ended in Mar. 2026 was 0.28.
Cenovus Energy (TSX:CVE) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Cenovus Energy's Inventory Turnover for the
three
months ended in Mar. 2026 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Cenovus Energy's Inventory to Revenue for the
three
months ended in Mar. 2026 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Cenovus Energy Days Inventory Related Terms
Cenovus Energy Days Inventory Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Days Inventory 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.
For the Oil & Gas Integrated subindustry, Cenovus Energy's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Days Inventory distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Days Inventory falls into.
* 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 (TSX:CVE) has a Days Inventory of 37.51 as of Mar. 2026. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Cenovus Energy and its competitors. This is 10% above median its historical median of 34.04. Over the past decade, Cenovus Energy's Days Inventory has ranged from 23.02 to 38.78. According to the industry distribution chart, Cenovus Energy ranks #358 out of 688 companies in the Oil & Gas industry, placing it in the top 52%.
Is Cenovus Energy's Days Inventory too high?
Cenovus Energy's current Days Inventory of 37.51 is 10% above median its 10-year median of 34.04. Over the past 10 years, this metric has ranged from a low of 23.02 to a high of 38.78. The Oil & Gas industry median Days Inventory is 31.00. Cenovus Energy's value of 37.51 is 21% above this industry median. Based on the distribution chart, Cenovus Energy ranks #358 out of 688 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Cenovus Energy has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's Days Inventory compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #358 out of 688 companies for Days Inventory. This places Cenovus Energy in the lower half of its industry. The industry median Days Inventory is 31.00. Cenovus Energy's value of 37.51 is 21% above this benchmark. Historically, Cenovus Energy's own Days Inventory has ranged from 23.02 to 38.78 over the past decade. While the company's 10-year median is 34.04 vs. the industry median of 31.00, Cenovus Energy has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for an Oil & Gas company?
The median Days Inventory among Oil & Gas companies is 31.00, based on 688 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Days Inventory of 37.51 is 21% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median Days Inventory is 31.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Days Inventory is 37.51, which is 10% above median its own 10-year median of 34.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cenovus Energy stock overvalued right now?
Based on GuruFocus' analysis, Cenovus Energy (TSX:CVE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$22.41, compared to a current price of C$35.17 — trading 56.9% above its estimated fair value. The current Days Inventory is 37.51, which is 10% above median its 10-year median of 34.04 and 21% above the Oil & Gas industry median of 31.00. Cenovus Energy's overall GF Score™ is 66/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE), the current Days Inventory is 37.51 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Cenovus Energy (TSX:CVE) Overvalued in 2026?
Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued.
The current stock price of C$35.17 is trading 56.9% above its estimated GF Value™ of C$22.41.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for TSX:CVE:
Days Inventory: 37.51 (10% above median its 10-year median of 34.04)
GF Value™: C$22.41 vs. price of C$35.17 (56.9% above fair value)
Industry Position: 21% above the Oil & Gas median (#358 of 688)
No single metric tells the full story. See the TSX:CVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cenovus Energy Inc is a Canadian integrated energy group. The group's upstream operations include oil sands projects in northern Alberta; thermal and conventional crude oil, natural gas, and natural gas liquids (NGLs) projects across Western Canada; crude oil production offshore Newfoundland and Labrador; and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading and refining operations in Canada and the U.S., and commercial fuel operations across Canada. The group's reportable segments are: Oil Sands, Conventional, Offshore, Canadian Refining, U.S Refining, and Corporate and Eliminations. Maximum revenue is generated from its Oil Sands segment. Geographically, the group derives maximum revenue from the U.S., followed by Canada and China.
66GF Score
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