Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Ovintiv's Pre-Tax Income for the
three
months ended in Mar. 2026 was MXN-14,913 Mil. Ovintiv's Revenue for the
three
months ended in Mar. 2026 was MXN45,659 Mil. Therefore, Ovintiv's pretax margin for the quarter that ended in Mar. 2026 was -32.66%.
The historical rank and industry rank for Ovintiv's Pretax Margin % or its related term are showing as below:
MEX:OVV'
s Pretax Margin % Range Over the Past 10 Years
Min: -94.14 Med: 14.54 Max: 32.19
Current: 1.5
MEX:OVV's Pretax Margin % is ranked worse than 63.41% of 921
companies
in the Oil & Gas industry
Industry Median: 5.18
vs MEX:OVV: 1.50
Ovintiv (MEX:OVV) 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.
Ovintiv Pretax Margin % Related Terms
Ovintiv Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Ovintiv'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.
MEX:OVV vs PR, APA, AR: Pretax Margin % Comparison
For the Oil & Gas E&P subindustry, Ovintiv'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.
Ovintiv Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ovintiv's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ovintiv'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.
Ovintiv (MEX:OVV) has a Pretax Margin % of -32.66% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ovintiv and its competitors. According to the industry distribution chart, Ovintiv ranks #584 out of 921 companies in the Oil & Gas industry, placing it in the top 63.4%.
Is Ovintiv's Pretax Margin % too high?
Ovintiv's current Pretax Margin % is -32.66%. Based on the distribution chart, Ovintiv ranks #584 out of 921 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Ovintiv has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Ovintiv's Pretax Margin % compare to PR and APA?
According to the Oil & Gas industry distribution chart, Ovintiv ranks #584 out of 921 companies for Pretax Margin %. This places Ovintiv in the lower half of its industry. The industry median Pretax Margin % is 5.18. 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 5.18, based on 921 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. 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 Ovintiv and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ovintiv's current Pretax Margin % is -32.66%. 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?
Ovintiv (MEX:OVV) has a current Pretax Margin % of -32.66%. The stock's GF Value™ is MXN492.04, compared to a current price of MXN663.25 — trading 34.8% above its estimated fair value. The current Pretax Margin % is -32.66%. Ovintiv's overall GF Score™ is 63/100 with 5 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 Ovintiv (MEX:OVV), the current Pretax Margin % is -32.66% 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 (MEX:OVV) Overvalued in 2026?
Based on GuruFocus' analysis, Ovintiv stock appears to be overvalued.
The current stock price of MXN663.25 is trading 34.8% above its estimated GF Value™ of MXN492.04.
Key valuation signals for MEX:OVV:
Pretax Margin %: -32.66%
GF Value™: MXN492.04 vs. price of MXN663.25 (34.8% above fair value)
No single metric tells the full story. See the MEX: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.
63GF Score
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