Cenovus EnergyTSX:CVE +1.05%66 PS Ratio is 1.22 as of Jun. 29, 2026, which is 65% above its 10-year median of 0.74. 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 882 Oil & Gas companies, Cenovus Energy ranks better than 52.72% on this metric.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Cenovus Energy's share price is C$35.54.
Cenovus Energy's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was C$29.12. Hence, Cenovus Energy's PS Ratio for today is 1.22.
The historical rank and industry rank for Cenovus Energy's PS Ratio or its related term are showing as below:
TSX:CVE'
s PS Ratio Range Over the Past 10 Years
Min: 0.13 Med: 0.74 Max: 1.91
Current: 1.22
During the past 13 years, Cenovus Energy's highest PS Ratio was 1.91. The lowest was 0.13. And the median was 0.74.
TSX:CVE's PS Ratio is ranked better than 52.72% of 882
companies
in the Oil & Gas industry
Industry Median: 1.295
vs TSX:CVE: 1.22
Cenovus Energy Inc revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Cenovus Energy was -9.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -6.80% per year.
During the past 5 years, the average Revenue per Share Growth Rate was 16.20% per year.
During the past 10 years, the average Revenue per Share Growth Rate was 10.10% per year.
During the past 13 years, Cenovus Energy's highest 3-Year average Revenue per Share Growth Rate was 36.50% per year. The lowest was -19.20% per year. And the median was 7.50% per year.
Back to Basics: PS Ratio
Cenovus Energy (TSX:CVE) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Cenovus Energy PS Ratio Related Terms
Cenovus Energy PS Ratio Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's PS 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 PS Ratio, along with its competitors' market caps and PS 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 PS Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's PS Ratio distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Cenovus Energy's Share Price of today is C$35.54. Cenovus Energy's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$29.12.
* 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:
Cenovus Energy (TSX:CVE) has a PS Ratio of 1.22 as of Jun. 29, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Cenovus Energy and its competitors. This is 65% above median its historical median of 0.74. Over the past decade, Cenovus Energy's PS Ratio has ranged from 0.13 to 1.91. According to the industry distribution chart, Cenovus Energy ranks #417 out of 882 companies in the Oil & Gas industry, placing it in the top 47.3%.
Is Cenovus Energy's PS Ratio too high?
Cenovus Energy's current PS Ratio of 1.22 is 65% above median its 10-year median of 0.74. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 1.91. The Oil & Gas industry median PS Ratio is 1.30. Cenovus Energy's value of 1.22 is 5.8% below this industry median. Based on the distribution chart, Cenovus Energy ranks #417 out of 882 companies in the Oil & Gas industry, which is above the industry midpoint. 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 PS Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #417 out of 882 companies for PS Ratio. This puts Cenovus Energy in the upper half of its industry. The industry median PS Ratio is 1.30. Cenovus Energy's value of 1.22 is 5.8% below this benchmark. Historically, Cenovus Energy's own PS Ratio has ranged from 0.13 to 1.91 over the past decade. While the company's 10-year median is 0.74 vs. the industry median of 1.30, 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 PS Ratio for an Oil & Gas company?
The median PS Ratio among Oil & Gas companies is 1.30, based on 882 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current PS Ratio of 1.22 is 5.8% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median PS Ratio is 1.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current PS Ratio is 1.22, which is 65% above median its own 10-year median of 0.74. 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?
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$35.54 — trading 58.6% above its estimated fair value. The current PS Ratio is 1.22, which is 65% above median its 10-year median of 0.74 and 5.8% below the Oil & Gas industry median of 1.30. 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 PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE), the current PS Ratio is 1.22 as of Jun. 29, 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$35.54 is trading 58.6% above its estimated GF Value™ of C$22.41.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for TSX:CVE:
PS Ratio: 1.22 (65% above median its 10-year median of 0.74)
GF Value™: C$22.41 vs. price of C$35.54 (58.6% above fair value)
Industry Position: 5.8% below the Oil & Gas median (#417 of 882)
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
Get the complete analysis for TSX:CVE
PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSX:CVE has been successfully added to your 
