Cenovus Energy (MEX:CVE N) ROCE %: 16.05% (As of Mar. 2026)


MEX:CVE N Cenovus Energy Inc MEX:CVE N
66 GF Score
Price MXN415.00
GF Value MXN265.04
! 3 Warning Signs
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What is Cenovus Energy ROCE %?

Cenovus Energy MEX:CVE N 66 ROCE % is 16.05% as of Mar. 2026. GuruFocus rates MEX:CVE N with a GF Score™ of 66/100 and a GF Value™ of MXN265.04. The stock has 3 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Cenovus Energy's annualized ROCE % for the quarter that ended in Mar. 2026 was 16.05%.

Cenovus Energy  (MEX:CVE N) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Cenovus Energy ROCE % Related Terms

Cenovus Energy ROCE % Historical Data

* Premium members only.

The historical data trend for Cenovus Energy's ROCE % 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.

Cenovus Energy ROCE % Chart

Cenovus Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.20 19.06 11.30 10.44 9.15

Cenovus Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.35 9.37 11.82 9.23 16.05
MEX:CVE N
66GF Score
Cenovus Energy Inc MEX:CVE N
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Cenovus Energy ROCE % Calculation

Cenovus Energy's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=67062.912/( ( (827655.241 - 107769.821) + (827831.473 - 82412.461) )/ 2 )
=67062.912/( (719885.42+745419.012)/ 2 )
=67062.912/732652.216
=9.15 %

Cenovus Energy's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=120498.392/( ( (827831.473 - 82412.461) + (852321.086 - 96340.883) )/ 2 )
=120498.392/( ( 745419.012 + 755980.203 )/ 2 )
=120498.392/750699.6075
=16.05 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 16.05% mean?
Cenovus Energy (MEX:CVE N) has a ROCE % of 16.05% as of Mar. 2026.
Is Cenovus Energy's ROCE % too high?
Cenovus Energy's current ROCE % is 16.05%. The Oil & Gas industry median ROCE % is 6.79. Cenovus Energy's value of 16.05% is 136.4% above this industry median. 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 ROCE % compare to XOM and CVX?
Cenovus Energy's ROCE % of 16.05% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Cenovus Energy's value of 16.05% is 136.4% 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 ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current ROCE % of 16.05% is 136.4% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current ROCE % is 16.05%. 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 ROCE % of 16.05%. The stock's GF Value™ is MXN265.04, compared to a current price of MXN415.00 — trading 56.6% above its estimated fair value. The current ROCE % is 16.05% and 136.4% above the Oil & Gas industry median of 6.79. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Cenovus Energy (MEX:CVE N), the current ROCE % is 16.05% 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 56.6% above its estimated GF Value™ of MXN265.04.

Key valuation signals for MEX:CVE N:

  • ROCE %: 16.05%
  • GF Value™: MXN265.04 vs. price of MXN415.00 (56.6% above fair value)
  • GF Score™: 66/100 with 3 warning signs
  • Industry Position: 136.4% above the Oil & Gas median

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 Business Description

Industry EnergyOil & Gas
Address 225 - 6 Avenue SW, Suite 4100, Calgary, AB, CAN, T2P 1N2
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 MEX:CVE N

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN415.00
Price
MXN265.04
GF Value