Cenovus Energy (CVE)

Energy · Oil & Gas Integrated
$30.93 -0.98% on the day Market cap $59.9B 52-week range $15.63 to $34.16 Prices as of Oct 7, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Cenovus Energy's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

C

Five factors scored 1 to 9 from CVE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation7
Profitability5
Growth4
Financial health4

Key numbers

P/E (trailing)17.6x
P/E (forward)8.75x
Price / free cash flow17.6x
EV / EBITDA7.28x
Price / sales1.23x
Price / book2.32x
Revenue growth-8.4%
Operating margin—
Net margin7.9%
Return on equity12.4%
Dividend yield2.5%
Debt / equity1.01x

Results from SEC filings

Fiscal years, from Cenovus Energy's 10-K filings. The deep dive has 15+ years, quarters and every line.

Fiscal year20212022202320242025
Revenue$46.4B$66.9B$52.2B$54.3B$49.7B
Net income$587M$6.5B$4.1B$3.1B$3.9B
Free cash flow—————
EPS (diluted)$0.27$3.20$2.09$1.67$2.15
Operating margin—————

Where the revenue comes from

Revenue by segments, fiscal 2020.

Oil Sands$7.2B52%
Refining and Marketing$6.1B44%
Conventional$595M4%

Superinvestors who own CVE

From each investor's latest 13F filing (what a 13F shows). 4 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Bill Smead
Smead Capital Management
Trimmed $331M7.1%Q2 2026
Cliff Asness
AQR Capital Management
Added $172M0.06%Q2 2026
Hersh Cohen
ClearBridge Investments
Added $84M0.07%Q2 2026
Lee Ainslie
Maverick Capital
Trimmed $989,9660.01%Q2 2026

Insider buying

Open-market purchases by Cenovus Energy's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of CVE in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Cenovus Energy insiders buying the stock?

No open-market insider purchases of CVE in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Cenovus Energy?

4 of the superinvestors Investingly tracks hold CVE in their latest 13F, including Bill Smead, Cliff Asness, Hersh Cohen.

Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.