Cenovus EnergyTSX:CVE +0.60%66 PEG Ratio is 0.35 as of Jun. 27, 2026, which is 17% above its 10-year median of 0.30. GuruFocus rates TSX:CVE with a GF Score™ of 66/100 and a GF Value™ of C$22.41 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 303 Oil & Gas companies, Cenovus Energy ranks better than 79.87% on this metric.
* The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
The historical rank and industry rank for Cenovus Energy's PEG Ratio or its related term are showing as below:
TSX:CVE'
s PEG Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.3 Max: 1.39
Current: 0.35
During the past 13 years, Cenovus Energy's highest PEG Ratio was 1.39. The lowest was 0.16. And the median was 0.30.
TSX:CVE's PEG Ratio is ranked better than 79.87% of 303
companies
in the Oil & Gas industry
Industry Median: 0.97
vs TSX:CVE: 0.35
Peter Lynch thinks a company with a P/E ratio equal to its growth rate is fairly valued.
Cenovus Energy (TSX:CVE) PEG Ratio Explanation
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the P/E ratio divided by the growth ratio. He thinks a company with a P/E ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a P/E of 20, instead of a company growing 10% a year with a P/E of 10.
Cenovus Energy PEG Ratio Related Terms
Cenovus Energy PEG Ratio Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's PEG Ratio 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 PEG Ratio, along with its competitors' market caps and PEG Ratio 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 PEG Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's PEG Ratio distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's PEG Ratio 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.
* Note: The 5-Year EBITDA Growth Rate is the 5-year average EBITDA per share growth rate. While the denominator is a percentage, we use the whole number as opposed to the decimal form for the calculation. For example, 5% would be shown as 5 as opposed to 0.05. If it's smaller than or equal to 0, then the PEG Ratio is not calculated.
Cenovus Energy (TSX:CVE) has a PEG Ratio of 0.35 as of Jun. 27, 2026. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Cenovus Energy and its competitors. This is 17% above median its historical median of 0.30. Over the past decade, Cenovus Energy's PEG Ratio has ranged from 0.16 to 1.39. According to the industry distribution chart, Cenovus Energy ranks #61 out of 303 companies in the Oil & Gas industry, placing it in the top 20.1%.
Is Cenovus Energy's PEG Ratio too high?
Cenovus Energy's current PEG Ratio of 0.35 is 17% above median its 10-year median of 0.30. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.39. The Oil & Gas industry median PEG Ratio is 0.97. Cenovus Energy's value of 0.35 is 63.9% below this industry median. Based on the distribution chart, Cenovus Energy ranks #61 out of 303 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 PEG Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #61 out of 303 companies for PEG Ratio. This places Cenovus Energy in the top 20% of its industry — outperforming the majority of peers. The industry median PEG Ratio is 0.97. Cenovus Energy's value of 0.35 is 63.9% below this benchmark. Historically, Cenovus Energy's own PEG Ratio has ranged from 0.16 to 1.39 over the past decade. While the company's 10-year median is 0.30 vs. the industry median of 0.97, Cenovus Energy has consistently been below 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 PEG Ratio for an Oil & Gas company?
The median PEG Ratio among Oil & Gas companies is 0.97, based on 303 companies in the industry. Companies in the top quartile (top 25%) have a PEG Ratio significantly above this median, while those in the bottom quartile fall well below. However, PEG Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current PEG Ratio of 0.35 is 63.9% below 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 PEG Ratio mean?
A high PEG Ratio can signal that a stock is expensive relative to its fundamentals. Price-earnings to growth ratio is the ratio of price-earnings to a company's earnings growth rate. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median PEG Ratio is 0.97 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current PEG Ratio is 0.35, which is 17% above median its own 10-year median of 0.30. 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 (TSX:CVE) is currently considered Significantly Overvalued. The stock's GF Value™ is C$22.41, compared to a current price of C$35.17 — trading 56.9% above its estimated fair value. The current PEG Ratio is 0.35, which is 17% above median its 10-year median of 0.30 and 63.9% below the Oil & Gas industry median of 0.97. 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 PEG Ratio calculated?
PEG Ratio is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE), the current PEG Ratio is 0.35 as of Jun. 27, 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 (TSX:CVE) Overvalued in 2026?
Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued.
The current stock price of C$35.17 is trading 56.9% above its estimated GF Value™ of C$22.41.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for TSX:CVE:
PEG Ratio: 0.35 (17% above median its 10-year median of 0.30)
GF Value™: C$22.41 vs. price of C$35.17 (56.9% above fair value)
Industry Position: 63.9% below the Oil & Gas median (#61 of 303)
No single metric tells the full story. See the TSX:CVE 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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