Cenovus EnergyMEX:CVE N 66 Pretax Margin % is 15.62% as of Mar. 2026, which is 132% above its 10-year median of 6.74. GuruFocus rates MEX:CVE N with a GF Score™ of 66/100 and a GF Value™ of MXN264.43. The stock has 3 warning signs investors should review. Among 916 Oil & Gas companies, Cenovus Energy ranks better than 63.86% on this metric.
Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Cenovus Energy's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN27,391 Mil. Cenovus Energy's Revenue for the
three
months ended in Mar. 2026 was MXN175,319 Mil. Therefore, Cenovus Energy's pretax margin for the quarter that ended in Mar. 2026 was 15.62%.
The historical rank and industry rank for Cenovus Energy's Pretax Margin % or its related term are showing as below:
MEX:CVE N'
s Pretax Margin % Range Over the Past 10 Years
Min: -23.21 Med: 6.74 Max: 12.8
Current: 10.17
MEX:CVE N's Pretax Margin % is ranked better than 63.86% of 916
companies
in the Oil & Gas industry
Industry Median: 5.165
vs MEX:CVE N: 10.17
Cenovus Energy (MEX:CVE N) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Cenovus Energy Pretax Margin % Related Terms
Cenovus Energy Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Pretax 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 Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Pretax 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 Pretax Margin % of 15.62% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Cenovus Energy and its competitors. This is 132% above median its historical median of 6.74. According to the industry distribution chart, Cenovus Energy ranks #331 out of 916 companies in the Oil & Gas industry, placing it in the top 36.1%.
Is Cenovus Energy's Pretax Margin % too high?
Cenovus Energy's current Pretax Margin % of 15.62% is 132% above median its 10-year median of 6.74. The Oil & Gas industry median Pretax Margin % is 5.17. Cenovus Energy's value of 15.62% is 202.4% above this industry median. Based on the distribution chart, Cenovus Energy ranks #331 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 Pretax Margin % compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #331 out of 916 companies for Pretax Margin %. This puts Cenovus Energy in the upper half of its industry. The industry median Pretax Margin % is 5.17. Cenovus Energy's value of 15.62% is 202.4% above this benchmark. While the company's 10-year median is 6.74 vs. the industry median of 5.17, 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.17, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Pretax Margin % of 15.62% is 202.4% 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Pretax Margin % is 15.62%, which is 132% above median its own 10-year median of 6.74. 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 Pretax Margin % of 15.62%. The stock's GF Value™ is MXN264.43, compared to a current price of MXN415.00 — trading 56.9% above its estimated fair value. The current Pretax Margin % is 15.62%, which is 132% above median its 10-year median of 6.74 and 202.4% above the Oil & Gas industry median of 5.17. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Cenovus Energy (MEX:CVE N), the current Pretax Margin % is 15.62% 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 56.9% above its estimated GF Value™ of MXN264.43.
Key valuation signals for MEX:CVE N:
Pretax Margin %: 15.62% (132% above median its 10-year median of 6.74)
GF Value™: MXN264.43 vs. price of MXN415.00 (56.9% above fair value)
Industry Position: 202.4% above the Oil & Gas median (#331 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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