Cenovus Energy (FRA:CXD) E10: €0.69 (As of Mar. 2026)


FRA:CXD Cenovus Energy Inc FRA:CXD
66 GF Score
Price €21.42
GF Value €13.65
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Cenovus Energy E10?

Cenovus Energy FRA:CXD -0.46% 66 E10 is €0.69 as of Mar. 2026. GuruFocus rates FRA:CXD with a GF Score™ of 66/100 and a GF Value™ of €13.65 (Significantly Overvalued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Cenovus Energy's adjusted earnings per share data for the three months ended in Mar. 2026 was €0.523. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is €0.69 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Cenovus Energy's average E10 Growth Rate was 8.80% per year. During the past 3 years, the average E10 Growth Rate was 14.30% per year. During the past 5 years, the average E10 Growth Rate was 11.80% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Cenovus Energy was 20.20% per year. The lowest was -19.50% per year. And the median was 6.60% per year.

As of today (2026-06-28), Cenovus Energy's current stock price is €21.42. Cenovus Energy's E10 for the quarter that ended in Mar. 2026 was €0.69. Cenovus Energy's Shiller PE Ratio of today is 31.04.

During the past 13 years, the highest Shiller PE Ratio of Cenovus Energy was 59.27. The lowest was 2.33. And the median was 26.16.


Cenovus Energy  (FRA:CXD) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Cenovus Energy's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=21.42/0.69
=31.04

* 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 Shiller P/E Ratio of Cenovus Energy was 59.27. The lowest was 2.33. And the median was 26.16.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Cenovus Energy E10 Related Terms


Cenovus Energy E10 Historical Data

* Premium members only.

The historical data trend for Cenovus Energy's E10 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.

Cenovus Energy E10 Chart

Cenovus Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.46 0.54 0.55 0.61

Cenovus Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 0.66 0.66 0.53 0.61 0.69

FRA:CXD vs XOM, CVX: E10 Comparison

For the Oil & Gas Integrated subindustry, Cenovus Energy's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Oil & Gas Industry

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

* The bar in red indicates where Cenovus Energy's Shiller PE Ratio falls into.


FRA:CXD
66GF Score
Cenovus Energy Inc FRA:CXD
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cenovus Energy E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.523/132.2623*132.2623
=0.523

Current CPI (Mar. 2026) = 132.2623.

Cenovus Energy Quarterly Data

per share eps CPI Adj_EPS
201606 -0.221 102.002 -0.287
201609 -0.204 101.765 -0.265
201612 0.078 101.449 0.102
201703 0.175 102.634 0.226
201706 1.573 103.029 2.019
201709 -0.048 103.345 -0.061
201712 0.331 103.345 0.424
201803 -0.332 105.004 -0.418
201806 -0.222 105.557 -0.278
201809 -0.132 105.636 -0.165
201812 -0.720 105.399 -0.904
201903 0.060 106.979 0.074
201906 0.966 107.690 1.186
201909 0.103 107.611 0.127
201912 0.062 107.769 0.076
202003 -0.946 107.927 -1.159
202006 -0.124 108.401 -0.151
202009 -0.103 108.164 -0.126
202012 -0.077 108.559 -0.094
202103 0.067 110.298 0.080
202106 0.075 111.720 0.089
202109 0.181 112.905 0.212
202112 -0.145 113.774 -0.169
202203 0.567 117.646 0.637
202206 0.879 120.806 0.962
202209 0.613 120.648 0.672
202212 0.271 120.964 0.296
202303 0.218 122.702 0.235
202306 0.306 124.203 0.326
202309 0.672 125.230 0.710
202312 0.267 125.072 0.282
202403 0.421 126.258 0.441
202406 0.359 127.522 0.372
202409 0.279 127.285 0.290
202412 0.047 127.364 0.049
202503 0.303 129.181 0.310
202506 0.285 129.892 0.290
202509 0.443 130.287 0.450
202512 0.310 130.366 0.315
202603 0.523 132.262 0.523

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of €0.69 mean?
Cenovus Energy (FRA:CXD) has a E10 of €0.69 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cenovus Energy and its competitors.
Is Cenovus Energy's E10 too high?
Cenovus Energy's current E10 is €0.69. 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 E10 compare to XOM and CVX?
Cenovus Energy's E10 of €0.69 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good E10 for an Oil & Gas company?
A good E10 depends on the Oil & Gas industry context. However, E10 should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Cenovus Energy and its competitors. Cenovus Energy's current E10 is €0.69. 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 (FRA:CXD) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.65, compared to a current price of €21.42 — trading 56.9% above its estimated fair value. The current E10 is €0.69. 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 E10 calculated?
E10 is calculated from a company's financial statements. For Cenovus Energy (FRA:CXD), the current E10 is €0.69 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 (FRA:CXD) Overvalued in 2026?

Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued. The current stock price of €21.42 is trading 56.9% above its estimated GF Value™ of €13.65. GuruFocus considers Cenovus Energy to be Significantly Overvalued.

Key valuation signals for FRA:CXD:

  • E10: €0.69
  • GF Value™: €13.65 vs. price of €21.42 (56.9% above fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the FRA:CXD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cenovus Energy Business Description

Industry EnergyOil & Gas
Address 225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2
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

Get the complete analysis for FRA:CXD

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€21.42
Price
€13.65
GF Value