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Cenovus EnergyCVE -1.31%54 Price-to-Tangible-Book is 2.69 as of Sep. 05, 2026. GuruFocus rates CVE with a GF Score™ of 54/100 and a GF Value™ of $18.18 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 887 Oil & Gas companies, Cenovus Energy ranks worse than 71.82% on this metric.
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Cenovus Energy Price-to-Tangible-Book Related Terms
Cenovus Energy Price-to-Tangible-Book Historical Data
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The historical data trend for Cenovus Energy's Price-to-Tangible-Book 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.
CVE vs XOM, CVX: Price-to-Tangible-Book Comparison
For the Oil & Gas Integrated subindustry, Cenovus Energy's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Price-to-Tangible-Book 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Cenovus Energy (CVE) has a Price-to-Tangible-Book of 2.69 as of Sep. 05, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cenovus Energy and its competitors. According to the industry distribution chart, Cenovus Energy ranks #637 out of 887 companies in the Oil & Gas industry, placing it in the top 71.8%.
Is Cenovus Energy's Price-to-Tangible-Book too high?
Cenovus Energy's current Price-to-Tangible-Book is 2.69. The Oil & Gas industry median Price-to-Tangible-Book is 1.65. Cenovus Energy's value of 2.69 is 63% above this industry median. Based on the distribution chart, Cenovus Energy ranks #637 out of 887 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Cenovus Energy has a GF Score™ of 54/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's Price-to-Tangible-Book compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #637 out of 887 companies for Price-to-Tangible-Book. This places Cenovus Energy in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.65. Cenovus Energy's value of 2.69 is 63% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Price-to-Tangible-Book for an Oil & Gas company?
The median Price-to-Tangible-Book among Oil & Gas companies is 1.65, based on 887 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Price-to-Tangible-Book of 2.69 is 63% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median Price-to-Tangible-Book is 1.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Price-to-Tangible-Book is 2.69. 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 (CVE) is currently considered Significantly Overvalued. The stock's GF Value™ is $18.18, compared to a current price of $32.37 — trading 78.1% above its estimated fair value. The current Price-to-Tangible-Book is 2.69 and 63% above the Oil & Gas industry median of 1.65. Cenovus Energy's overall GF Score™ is 54/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Cenovus Energy (CVE), the current Price-to-Tangible-Book is 2.69 as of Sep. 05, 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 (CVE) Overvalued in 2026?
Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued.
The current stock price of $32.37 is trading 78.1% above its estimated GF Value™ of $18.18.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for CVE:
Price-to-Tangible-Book: 2.69
GF Value™: $18.18 vs. price of $32.37 (78.1% above fair value)
Industry Position: 63% above the Oil & Gas median (#637 of 887)
No single metric tells the full story. See the 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.
54GF Score
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