Cenovus Energy (MEX:CVE N) EBIT: MXN81,460 Mil (TTM As of Mar. 2026)


MEX:CVE N Cenovus Energy Inc MEX:CVE N
66 GF Score
Price MXN415.00
GF Value MXN265.04
! 3 Warning Signs
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What is Cenovus Energy EBIT?

Cenovus Energy MEX:CVE N 66 EBIT is MXN81,460 Mil as of Mar. 2026. GuruFocus rates MEX:CVE N with a GF Score™ of 66/100 and a GF Value™ of MXN265.04. The stock has 3 warning signs investors should review.

Cenovus Energy's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was MXN30,125 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was MXN81,460 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Cenovus Energy's annualized ROC % for the quarter that ended in Mar. 2026 was 12.94%. Cenovus Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.70%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Cenovus Energy's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.60%.


Cenovus Energy  (MEX:CVE N) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Cenovus Energy's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=124020.816 * ( 1 - 24.66% )/( (716938.811 + 727051.652)/ 2 )
=93437.2827744/721995.2315
=12.94 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=827831.473 - 75129.256 - ( 35763.406 - max(0, 82412.461 - 129087.621+35763.406))
=716938.811

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=852321.086 - 91425.263 - ( 33844.171 - max(0, 96340.883 - 150846.427+33844.171))
=727051.652

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Cenovus Energy's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=120498.392/( ( (626355.587 + max(9267.16, 0)) + (628226.672 + max(25038.114, 0)) )/ 2 )
=120498.392/( ( 635622.747 + 653264.786 )/ 2 )
=120498.392/644443.7665
=18.70 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(39757.421 + 43712.279 + 3393.608) - (75129.256 + 0 + 2466.892)
=9267.16

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(62220.701 + 54242.677 + 0) - (91425.263 + 0 + 0.00099999998928979)
=25038.114

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Cenovus Energy's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2026 )
=81460.142/946922.334
=8.60 %

* 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 EBIT Related Terms


Cenovus Energy EBIT Historical Data

* Premium members only.

The historical data trend for Cenovus Energy's EBIT 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 EBIT Chart

Cenovus Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 37,870.77 136,952.76 72,914.87 69,094.48 67,062.91

Cenovus Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBIT 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 18,426.06 16,118.06 19,293.63 15,923.85 30,124.60

MEX:CVE N vs XOM, CVX: EBIT Comparison

For the Oil & Gas Integrated subindustry, Cenovus Energy's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Cenovus Energy's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Cenovus Energy's EV-to-EBIT falls into.


MEX:CVE N
66GF Score
Cenovus Energy Inc MEX:CVE N
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Cenovus Energy EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was MXN81,460 Mil.

* 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.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of MXN81,460 Mil mean?
Cenovus Energy (MEX:CVE N) has a EBIT of MXN81,460 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cenovus Energy.
Is Cenovus Energy's EBIT too high?
Cenovus Energy's current EBIT is MXN81,460 Mil. Overall, Cenovus Energy has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's EBIT compare to XOM and CVX?
Cenovus Energy's EBIT of MXN81,460 Mil 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 EBIT for an Oil & Gas company?
A good EBIT depends on the Oil & Gas industry context. However, EBIT 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 EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Cenovus Energy. Cenovus Energy's current EBIT is MXN81,460 Mil. 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?
Cenovus Energy (MEX:CVE N) has a current EBIT of MXN81,460 Mil. The stock's GF Value™ is MXN265.04, compared to a current price of MXN415.00 — trading 56.6% above its estimated fair value. The current EBIT is MXN81,460 Mil. 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For Cenovus Energy (MEX:CVE N), the current EBIT is MXN81,460 Mil 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 (MEX:CVE N) Overvalued in 2026?

Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued. The current stock price of MXN415.00 is trading 56.6% above its estimated GF Value™ of MXN265.04.

Key valuation signals for MEX:CVE N:

  • EBIT: MXN81,460 Mil
  • GF Value™: MXN265.04 vs. price of MXN415.00 (56.6% above fair value)
  • GF Score™: 66/100 with 3 warning signs

No single metric tells the full story. See the MEX:CVE N 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 MEX:CVE N

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

MXN415.00
Price
MXN265.04
GF Value