Ovintiv (MEX:OVV) ROCE %: -15.78% (As of Mar. 2026)

What is Ovintiv ROCE %?

Ovintiv MEX:OVV 63 ROCE % is -15.78% as of Mar. 2026. GuruFocus rates MEX:OVV with a GF Score™ of 63/100 and a GF Value™ of MXN490.10. The stock has 5 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. Ovintiv's annualized ROCE % for the quarter that ended in Mar. 2026 was -15.78%.

Ovintiv (MEX:OVV) 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.

Ovintiv ROCE % Related Terms

Ovintiv ROCE % Historical Data

* Premium members only.

The historical data trend for Ovintiv'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.

Ovintiv ROCE % Chart

Ovintiv Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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13.74

32.03

18.32

11.54

6.23

Ovintiv 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															-2.30	11.38	6.65	10.73	-15.78

63GF Score

Ovintiv Inc MEX:OVV

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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Ovintiv ROCE % Calculation

Ovintiv'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 )
	=	20634.532	/	( ( (401555.648 - 55914.132)	+	(367136.223 - 50325.932) )	/ 2 )
	=	20634.532	/	( (345641.516	+	316810.291)	/ 2 )
	=	20634.532	/	331225.9035
	=	6.23 %

Ovintiv'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 )
	=	-52150.568	/	( ( (367136.223 - 50325.932)	+	(402021.014 - 57939.065) )	/ 2 )
	=	-52150.568	/	( ( 316810.291	+	344081.949 )	/ 2 )
	=	-52150.568	/	330446.12
	=	-15.78 %

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

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -15.78% mean?

Ovintiv (MEX:OVV) has a ROCE % of -15.78% as of Mar. 2026.

Is Ovintiv's ROCE % too high?

Ovintiv's current ROCE % is -15.78%. Overall, Ovintiv has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.

How does Ovintiv's ROCE % compare to PR and APA?

Ovintiv's ROCE % of -15.78% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. 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. 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. Ovintiv's current ROCE % is -15.78%. 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 ROCE % of -15.78%. The stock's GF Value™ is MXN490.10, compared to a current price of MXN663.25 — trading 35.3% above its estimated fair value. The current ROCE % is -15.78%. 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 ROCE % calculated?

ROCE % is calculated from a company's financial statements. For Ovintiv (MEX:OVV), the current ROCE % is -15.78% 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 35.3% above its estimated GF Value™ of MXN490.10.

Key valuation signals for MEX:OVV:

ROCE %: -15.78%
GF Value™: MXN490.10 vs. price of MXN663.25 (35.3% above fair value)
GF Score™: 63/100 with 5 warning signs

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 Business Description

Industry Energy Oil & Gas

Comparable Companies PR APA AR EXE RRC CHRD SM MTDR CRC MUR HKSE:00883 COP TSX:CNQ EOG OXY FANG DVN ASX:WDS EQT TPL

Other Exchanges OVV:USA 47Q:Germany OVV:Canada

Address 370 - 17th Street, Suite 1700, Denver, CO, USA, 80202

Website https://www.ovintiv.com

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

MXN663.25

Price

MXN490.10

GF Value

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