OvintivTSX:OVV +1.06%68 FCF Margin % is 17.81% as of Mar. 2026, which is 92% above its 10-year median of 9.28. GuruFocus rates TSX:OVV with a GF Score™ of 68/100 and a GF Value™ of C$55.29 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 905 Oil & Gas companies, Ovintiv ranks better than 82.21% on this metric.
FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Ovintiv's Free Cash Flow for the
three
months ended in Mar. 2026 was C$619 Mil. Ovintiv's Revenue for the
three
months ended in Mar. 2026 was C$3,474 Mil. Therefore, Ovintiv's FCF Margin % for the quarter that ended in Mar. 2026 was 17.81%.
The historical rank and industry rank for Ovintiv's FCF Margin % or its related term are showing as below:
TSX:OVV'
s FCF Margin % Range Over the Past 10 Years
Min: -17.37 Med: 9.28 Max: 18.75
Current: 18.75
During the past 13 years, the highest FCF Margin % of Ovintiv was 18.75%. The lowest was -17.37%. And the median was 9.28%.
TSX:OVV's FCF Margin % is ranked better than 82.21% of 905
companies
in the Oil & Gas industry
Industry Median: 3.31
vs TSX:OVV: 18.75
Ovintiv FCF Margin % Related Terms
Ovintiv FCF Margin % Historical Data
* Premium members only.
The historical data trend for Ovintiv's FCF Margin % 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 E&P subindustry, Ovintiv's FCF Margin %, along with its competitors' market caps and FCF Margin % 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.
Ovintiv FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ovintiv's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Ovintiv's FCF Margin % 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.
Ovintiv (TSX:OVV) has a FCF Margin % of 17.81% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ovintiv and its competitors. This is 92% above median its historical median of 9.28. According to the industry distribution chart, Ovintiv ranks #161 out of 905 companies in the Oil & Gas industry, placing it in the top 17.8%.
Is Ovintiv's FCF Margin % too high?
Ovintiv's current FCF Margin % of 17.81% is 92% above median its 10-year median of 9.28. The Oil & Gas industry median FCF Margin % is 3.31. Ovintiv's value of 17.81% is 438.1% above this industry median. Based on the distribution chart, Ovintiv ranks #161 out of 905 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Ovintiv has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ovintiv's FCF Margin % compare to PR and APA?
According to the Oil & Gas industry distribution chart, Ovintiv ranks #161 out of 905 companies for FCF Margin %. This places Ovintiv in the top 18% of its industry — outperforming the majority of peers. The industry median FCF Margin % is 3.31. Ovintiv's value of 17.81% is 438.1% above this benchmark. While the company's 10-year median is 9.28 vs. the industry median of 3.31, Ovintiv 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 FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.31, based on 905 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ovintiv's current FCF Margin % of 17.81% is 438.1% 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Ovintiv and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ovintiv's current FCF Margin % is 17.81%, which is 92% above median its own 10-year median of 9.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ovintiv stock overvalued right now?
Based on GuruFocus' analysis, Ovintiv (TSX:OVV) is currently considered Significantly Overvalued. The stock's GF Value™ is C$55.29, compared to a current price of C$77.97 — trading 41% above its estimated fair value. The current FCF Margin % is 17.81%, which is 92% above median its 10-year median of 9.28 and 438.1% above the Oil & Gas industry median of 3.31. Ovintiv's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Ovintiv (TSX:OVV), the current FCF Margin % is 17.81% 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 Ovintiv (TSX:OVV) Overvalued in 2026?
Based on GuruFocus' analysis, Ovintiv stock appears to be overvalued.
The current stock price of C$77.97 is trading 41% above its estimated GF Value™ of C$55.29.
GuruFocus considers Ovintiv to be Significantly Overvalued.
Key valuation signals for TSX:OVV:
FCF Margin %: 17.81% (92% above median its 10-year median of 9.28)
GF Value™: C$55.29 vs. price of C$77.97 (41% above fair value)
Industry Position: 438.1% above the Oil & Gas median (#161 of 905)
No single metric tells the full story. See the TSX:OVV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ovintiv Inc is a North American oil and natural gas exploration and production company focused on developing its multi-basin portfolio of high-quality assets located in the United States and Canada. Its operations also include the marketing of oil, NGLs, and natural gas. The company has two operating segments: USA Operations and Canadian Operations. USA Operations include the exploration, development, production, and marketing of oil, NGLs, natural gas, and other related activities within the United States. Canadian Operations include the exploration, development, production, and marketing of oil, NGLs, natural gas, and other related activities within Canada. The company generates the majority of its revenue from USA Operations.
68GF Score
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