Cenovus Energy (TSX:CVE) Total Assets: C$64,848 Mil (As of Mar. 2026)


TSX:CVE Cenovus Energy Inc TSX:CVE
66 GF Score
Price C$35.17
GF Value C$22.41
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Cenovus Energy Total Assets?

Cenovus Energy TSX:CVE +0.60% 66 Total Assets is C$64,848 Mil as of Mar. 2026. 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.

Cenovus Energy's Total Assets for the quarter that ended in Mar. 2026 was C$64,848 Mil.

During the past 12 months, Cenovus Energy's average Total Assets Growth Rate was 16.20% per year. During the past 3 years, the average Total Assets Growth Rate was 5.70% per year. During the past 5 years, the average Total Assets Growth Rate was 9.80% per year. During the past 10 years, the average Total Assets Growth Rate was 10.20% per year.

During the past 13 years, Cenovus Energy's highest 3-Year average Total Assets Growth Rate was 19.20%. The lowest was -7.00%. And the median was 3.10%.

Total Assets is connected with ROA %. Cenovus Energy's annualized ROA % for the quarter that ended in Mar. 2026 was 9.79%. Total Assets is also linked to Revenue through Asset Turnover. Cenovus Energy's Asset Turnover for the quarter that ended in Mar. 2026 was 0.21.


Cenovus Energy  (TSX:CVE) Total Assets Explanation

Total Assets is connected with ROA %.

Cenovus Energy's annualized ROA % for the quarter that ended in Mar. 2026 is

ROA %=Net Income (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=6280/( (63424+64848)/ 2 )
=6280/64136
=9.79 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Cenovus Energy's Asset Turnover for the quarter that ended in Mar. 2026 is

Asset Turnover
=Revenue (Q: Mar. 2026 )/( (Total Assets (Q: Dec. 2025 )+Total Assets (Q: Mar. 2026 ))/ count )
=13339/( (63424+64848)/ 2 )
=13339/64136
=0.21

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Cenovus Energy Total Assets Related Terms


Cenovus Energy Total Assets Historical Data

* Premium members only.

The historical data trend for Cenovus Energy's Total Assets 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 Total Assets Chart

Cenovus Energy Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 54,104.00 55,869.00 53,915.00 56,539.00 63,424.00

Cenovus Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Assets 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 56,380.00 55,820.00 53,573.00 63,424.00 64,848.00
TSX:CVE
66GF Score
Cenovus Energy Inc TSX:CVE
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Cenovus Energy Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Cenovus Energy's Total Assets for the fiscal year that ended in Dec. 2025 is calculated as

Total Assets=Total Equity (A: Dec. 2025 )+Total Liabilities (A: Dec. 2025 )
=31638+31786
=63,424

Cenovus Energy's Total Assets for the quarter that ended in Mar. 2026 is calculated as

Total Assets=Total Equity (Q: Mar. 2026 )+Total Liabilities (Q: Mar. 2026 )
=32533+32315
=64,848

* 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 Total Assets →
What does a Total Assets of C$64,848 Mil mean?
Cenovus Energy (TSX:CVE) has a Total Assets of C$64,848 Mil as of Mar. 2026. The total amount of assets as recorded on a company's balance sheet. View historical data on Cenovus Energy and its competitors.
Is Cenovus Energy's Total Assets too high?
Cenovus Energy's current Total Assets is C$64,848 Mil. 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 Total Assets compare to XOM and CVX?
Cenovus Energy's Total Assets of C$64,848 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Assets for an Oil & Gas company?
A good Total Assets depends on the Oil & Gas industry context. However, Total Assets 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Cenovus Energy and its competitors. Cenovus Energy's current Total Assets is C$64,848 Mil. 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$35.17 — trading 56.9% above its estimated fair value. The current Total Assets is C$64,848 Mil. 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 Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Cenovus Energy (TSX:CVE), the current Total Assets is C$64,848 Mil 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 (TSX:CVE) Overvalued in 2026?

Based on GuruFocus' analysis, Cenovus Energy stock appears to be overvalued. The current stock price of C$35.17 is trading 56.9% above its estimated GF Value™ of C$22.41. GuruFocus considers Cenovus Energy to be Significantly Overvalued.

Key valuation signals for TSX:CVE:

  • Total Assets: C$64,848 Mil
  • GF Value™: C$22.41 vs. price of C$35.17 (56.9% above fair value)
  • GF Score™: 66/100 with 3 warning signs

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 Business Description

Industry EnergyOil & Gas
Other Exchanges CVE:USACXD:Germany
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

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

C$35.17
Price
C$22.41
GF Value