Cenovus EnergyMEX:CVE N 66 Gross Margin % is 31.82% as of Mar. 2026, which is 60% above its 10-year median of 19.84. GuruFocus rates MEX:CVE N with a GF Score™ of 66/100 and a GF Value™ of MXN266.02. The stock has 3 warning signs investors should review. Among 867 Oil & Gas companies, Cenovus Energy ranks worse than 52.36% on this metric.
The historical rank and industry rank for Cenovus Energy's Gross Margin % or its related term are showing as below:
MEX:CVE N'
s Gross Margin % Range Over the Past 10 Years
Min: -2.37 Med: 19.84 Max: 24.25
Current: 24.25
During the past 13 years, the highestGross Margin % of Cenovus Energy was 24.25%. The lowest was -2.37%. And the median was 19.84%.
MEX:CVE N's Gross Margin % is ranked worse than 52.36% of 867
companies
in the Oil & Gas industry
Industry Median: 25.7
vs MEX:CVE N: 24.25
Cenovus Energy had a gross margin of 31.82% for the quarter that ended in Mar. 2026 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Cenovus Energy was 0.00% per year.
Cenovus Energy (MEX:CVE N) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Cenovus Energy had a gross margin of 31.82% for the quarter that ended in Mar. 2026 => Competition eroding margins
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Cenovus Energy Gross Margin % Related Terms
Cenovus Energy Gross Margin % Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Gross 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 Integrated subindustry, Cenovus Energy's Gross Margin %, along with its competitors' market caps and Gross 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.
Cenovus Energy Gross Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Gross 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Cenovus Energy (MEX:CVE N) has a Gross Margin % of 31.82% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Cenovus Energy and its competitors. This is 60% above median its historical median of 19.84. According to the industry distribution chart, Cenovus Energy ranks #454 out of 867 companies in the Oil & Gas industry, placing it in the top 52.4%.
Is Cenovus Energy's Gross Margin % too high?
Cenovus Energy's current Gross Margin % of 31.82% is 60% above median its 10-year median of 19.84. The Oil & Gas industry median Gross Margin % is 25.70. Cenovus Energy's value of 31.82% is 23.8% above this industry median. Based on the distribution chart, Cenovus Energy ranks #454 out of 867 companies in the Oil & Gas industry, which is below the industry midpoint. 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 Gross Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #454 out of 867 companies for Gross Margin %. This places Cenovus Energy in the lower half of its industry. The industry median Gross Margin % is 25.70. Cenovus Energy's value of 31.82% is 23.8% above this benchmark. While the company's 10-year median is 19.84 vs. the industry median of 25.70, 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 Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 867 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Gross Margin % of 31.82% is 23.8% 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 Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Gross Margin % is 31.82%, which is 60% above median its own 10-year median of 19.84. 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 Gross Margin % of 31.82%. The stock's GF Value™ is MXN266.02, compared to a current price of MXN415.00 — trading 56% above its estimated fair value. The current Gross Margin % is 31.82%, which is 60% above median its 10-year median of 19.84 and 23.8% above the Oil & Gas industry median of 25.70. 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 Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Cenovus Energy (MEX:CVE N), the current Gross Margin % is 31.82% 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% above its estimated GF Value™ of MXN266.02.
Key valuation signals for MEX:CVE N:
Gross Margin %: 31.82% (60% above median its 10-year median of 19.84)
GF Value™: MXN266.02 vs. price of MXN415.00 (56% above fair value)
Industry Position: 23.8% above the Oil & Gas median (#454 of 867)
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 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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