Cenovus EnergyMEX:CVE N 66 Net Margin % is 11.77% as of Mar. 2026, which is 83% above its 10-year median of 6.43. 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. Among 916 Oil & Gas companies, Cenovus Energy ranks better than 66.7% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Cenovus Energy's Net Income for the
three
months ended in Mar. 2026 was MXN20,635 Mil. Cenovus Energy's Revenue for the
three
months ended in Mar. 2026 was MXN175,319 Mil. Therefore, Cenovus Energy's net margin for the quarter that ended in Mar. 2026 was 11.77%.
The historical rank and industry rank for Cenovus Energy's Net Margin % or its related term are showing as below:
MEX:CVE N'
s Net Margin % Range Over the Past 10 Years
Min: -17.1 Med: 6.43 Max: 19.44
Current: 8.69
MEX:CVE N's Net Margin % is ranked better than 66.7% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs MEX:CVE N: 8.69
Cenovus Energy (MEX:CVE N) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Cenovus Energy Net Margin % Related Terms
Cenovus Energy Net Margin % Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Net 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 Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Net Margin % distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Net 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.
Cenovus Energy (MEX:CVE N) has a Net Margin % of 11.77% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Cenovus Energy and its competitors. This is 83% above median its historical median of 6.43. According to the industry distribution chart, Cenovus Energy ranks #305 out of 916 companies in the Oil & Gas industry, placing it in the top 33.3%.
Is Cenovus Energy's Net Margin % too high?
Cenovus Energy's current Net Margin % of 11.77% is 83% above median its 10-year median of 6.43. The Oil & Gas industry median Net Margin % is 3.44. Cenovus Energy's value of 11.77% is 242.6% above this industry median. Based on the distribution chart, Cenovus Energy ranks #305 out of 916 companies in the Oil & Gas industry, which is above 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 Net Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #305 out of 916 companies for Net Margin %. This puts Cenovus Energy in the upper half of its industry. The industry median Net Margin % is 3.44. Cenovus Energy's value of 11.77% is 242.6% above this benchmark. While the company's 10-year median is 6.43 vs. the industry median of 3.44, 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 Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Net Margin % of 11.77% is 242.6% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Net Margin % is 11.77%, which is 83% above median its own 10-year median of 6.43. 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 Net Margin % of 11.77%. 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 Net Margin % is 11.77%, which is 83% above median its 10-year median of 6.43 and 242.6% above the Oil & Gas industry median of 3.44. 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 Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Cenovus Energy (MEX:CVE N), the current Net Margin % is 11.77% 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:
Net Margin %: 11.77% (83% above median its 10-year median of 6.43)
GF Value™: MXN265.04 vs. price of MXN415.00 (56.6% above fair value)
Industry Position: 242.6% above the Oil & Gas median (#305 of 916)
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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