Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Cenovus Energy's Enterprise Value is €47,512 Mil.
Cenovus Energy's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €3,839 Mil. Therefore, Cenovus Energy's EV-to-EBIT ratio for today is 12.38.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Cenovus Energy's Enterprise Value is €47,512 Mil.
Cenovus Energy's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €7,181 Mil. Therefore, Cenovus Energy's EV-to-EBITDA ratio for today is 6.62.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Cenovus Energy's Enterprise Value is €47,512 Mil.
Cenovus Energy's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €33,373 Mil. Therefore, Cenovus Energy's EV-to-Revenue ratio for today is 1.42.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Cenovus Energy's Enterprise Value is €47,512 Mil.
Cenovus Energy's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €2,655 Mil. Therefore, Cenovus Energy's EV-to-FCF ratio for today is 17.89.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Cenovus Energy (FRA:CXD) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Cenovus Energy's current Enterprise Value is €47,512 Mil.
Cenovus Energy's 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 €3,839 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Cenovus Energy's current Enterprise Value is €47,512 Mil.
Cenovus Energy's EBITDA 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 €7,181 Mil.
Cenovus Energy's current Enterprise Value is €47,512 Mil.
Cenovus Energy's Revenue 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 €33,373 Mil.
Cenovus Energy's current Enterprise Value is €47,512 Mil.
Cenovus Energy's Cash Flow from Operations 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 €5,684 Mil.
Cenovus Energy's current Enterprise Value is €47,512 Mil.
Cenovus Energy's Free Cash Flow 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 €2,655 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.
Cenovus Energy Enterprise Value Related Terms
Cenovus Energy Enterprise Value Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Enterprise Value 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 Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Cenovus Energy's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
Cenovus Energy (FRA:CXD) has a Enterprise Value of €47,512 Mil as of Jul. 01, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Cenovus Energy and its competitors.
Is Cenovus Energy's Enterprise Value too high?
Cenovus Energy's current Enterprise Value is €47,512 Mil. 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 Enterprise Value compare to XOM and CVX?
Cenovus Energy's Enterprise Value of €47,512 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 Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Cenovus Energy and its competitors. Cenovus Energy's current Enterprise Value is €47,512 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?
Based on GuruFocus' analysis, Cenovus Energy (FRA:CXD) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.83, compared to a current price of €21.75 — trading 57.2% above its estimated fair value. The current Enterprise Value is €47,512 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Cenovus Energy (FRA:CXD), the current Enterprise Value is €47,512 Mil as of Jul. 01, 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 €21.75 is trading 57.2% above its estimated GF Value™ of €13.83.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for FRA:CXD:
Enterprise Value: €47,512 Mil
GF Value™: €13.83 vs. price of €21.75 (57.2% above fair value)
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 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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