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Cenovus EnergyTSX:CVE -0.07%67 Shiller PE Ratio is 33.27 as of Aug. 29, 2026, which is 24% above its 10-year median of 26.85. GuruFocus rates TSX:CVE with a GF Score™ of 67/100 and a GF Value™ of C$25.61 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 437 Oil & Gas companies, Cenovus Energy ranks worse than 78.03% on this metric.
As of today (2026-08-29), Cenovus Energy's current share price is C$43.91. Cenovus Energy's E10 for the quarter that ended in Jun. 2026 was C$1.32. Cenovus Energy's Shiller PE Ratio for today is 33.27.
The historical rank and industry rank for Cenovus Energy's Shiller PE Ratio or its related term are showing as below:
TSX:CVE'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.33 Med: 26.85 Max: 59.27
Current: 33.32
During the past years, Cenovus Energy's highest Shiller PE Ratio was 59.27. The lowest was 2.33. And the median was 26.85.
TSX:CVE's Shiller PE Ratio is ranked worse than 78.03% of 437
companies
in the Oil & Gas industry
Industry Median: 17.81
vs TSX:CVE: 33.32
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
Cenovus Energy's adjusted earnings per share data for the three months ended in Jun. 2026 was C$1.530. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is C$1.32 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Cenovus Energy (TSX:CVE) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
Cenovus Energy Shiller PE Ratio Related Terms
Cenovus Energy Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for Cenovus Energy's Shiller PE 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 Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Cenovus Energy's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where Cenovus Energy's Shiller PE Ratio falls into.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
Cenovus Energy's Shiller PE Ratio for today is calculated as
* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:
For example, Cenovus Energy's adjusted earnings per share data for the three months ended in Jun. 2026 was:
Add all the adjusted EPS together and divide 10 will get our E10.
Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.
Cenovus Energy (TSX:CVE) has a Shiller PE Ratio of 33.27 as of Aug. 29, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Cenovus Energy and its competitors. This is 24% above median its historical median of 26.85. Over the past decade, Cenovus Energy's Shiller PE Ratio has ranged from 2.33 to 59.27. According to the industry distribution chart, Cenovus Energy ranks #341 out of 437 companies in the Oil & Gas industry, placing it in the top 78%.
Is Cenovus Energy's Shiller PE Ratio too high?
Cenovus Energy's current Shiller PE Ratio of 33.27 is 24% above median its 10-year median of 26.85. Over the past 10 years, this metric has ranged from a low of 2.33 to a high of 59.27. The Oil & Gas industry median Shiller PE Ratio is 17.81. Cenovus Energy's value of 33.27 is 86.8% above this industry median. Based on the distribution chart, Cenovus Energy ranks #341 out of 437 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Cenovus Energy has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cenovus Energy's Shiller PE Ratio compare to XOM and CVX?
According to the Oil & Gas industry distribution chart, Cenovus Energy ranks #341 out of 437 companies for Shiller PE Ratio. This places Cenovus Energy in the lower half of its industry. The industry median Shiller PE Ratio is 17.81. Cenovus Energy's value of 33.27 is 86.8% above this benchmark. Historically, Cenovus Energy's own Shiller PE Ratio has ranged from 2.33 to 59.27 over the past decade. While the company's 10-year median is 26.85 vs. the industry median of 17.81, Cenovus Energy has consistently been above 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 Shiller PE Ratio for an Oil & Gas company?
The median Shiller PE Ratio among Oil & Gas companies is 17.81, based on 437 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Cenovus Energy's current Shiller PE Ratio of 33.27 is 86.8% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on Cenovus Energy and its competitors. For the Oil & Gas industry, the median Shiller PE Ratio is 17.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cenovus Energy's current Shiller PE Ratio is 33.27, which is 24% above median its own 10-year median of 26.85. 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$25.61, compared to a current price of C$43.91 — trading 71.5% above its estimated fair value. The current Shiller PE Ratio is 33.27, which is 24% above median its 10-year median of 26.85 and 86.8% above the Oil & Gas industry median of 17.81. Cenovus Energy's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE), the current Shiller PE Ratio is 33.27 as of Aug. 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$43.91 is trading 71.5% above its estimated GF Value™ of C$25.61.
GuruFocus considers Cenovus Energy to be Significantly Overvalued.
Key valuation signals for TSX:CVE:
Shiller PE Ratio: 33.27 (24% above median its 10-year median of 26.85)
GF Value™: C$25.61 vs. price of C$43.91 (71.5% above fair value)
Industry Position: 86.8% above the Oil & Gas median (#341 of 437)
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.
67GF Score
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