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Cenovus Energy Valuation Multiples
Discover revenue and EBITDA valuation multiples for Cenovus Energy and similar public comparables like RWE, Targa Resources, Woodside Energy, Cameco and more.
Cenovus Energy Overview
About Cenovus Energy
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.
Founded
2008
HQ
Employees
7.2K
Website
Financials (LTM)
EV
$57B
Cenovus Energy Financials
Cenovus Energy reported last 12-month revenue of $41B and EBITDA of $8B.
In the same LTM period, Cenovus Energy generated $11B in gross profit, $8B in EBITDA, and $3B in net income.
Revenue (LTM)
Cenovus Energy P&L
In the most recent fiscal year, Cenovus Energy reported revenue of $43B and EBITDA of $8B.
Cenovus Energy expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $41B | XXX | $43B | XXX | XXX | XXX |
| Gross Profit | $11B | XXX | $9B | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 20% | XXX | XXX | XXX |
| EBITDA | $8B | XXX | $8B | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | 10% | XXX | 8% | XXX | XXX | XXX |
| Net Profit | $3B | XXX | $3B | XXX | XXX | XXX |
| Net Margin | 8% | XXX | 7% | XXX | XXX | XXX |
| Net Debt | — | — | $6B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Cenovus Energy Stock Performance
Cenovus Energy has current market cap of $48B, and enterprise value of $57B.
Market Cap Evolution
Cenovus Energy's stock price is $25.79.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $57B | $48B | 1.7% | XXX | XXX | XXX | $1.53 |
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Start Free TrialCenovus Energy Valuation Multiples
Cenovus Energy trades at 1.4x EV/Revenue multiple, and 6.8x EV/EBITDA.
EV / Revenue (LTM)
Cenovus Energy Financial Valuation Multiples
As of April 17, 2026, Cenovus Energy has market cap of $48B and EV of $57B.
Equity research analysts estimate Cenovus Energy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Cenovus Energy has a P/E ratio of 15.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $48B | XXX | $48B | XXX | XXX | XXX |
| EV (current) | $57B | XXX | $57B | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | 7.6x | XXX | XXX | XXX |
| EV/EBIT | 13.5x | XXX | 15.8x | XXX | XXX | XXX |
| EV/Gross Profit | 5.0x | XXX | 6.6x | XXX | XXX | XXX |
| P/E | 15.2x | XXX | 16.9x | XXX | XXX | XXX |
| EV/FCF | 20.1x | XXX | 23.5x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Cenovus Energy Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Cenovus Energy Margins & Growth Rates
Cenovus Energy's revenue in the last 12 month declined by (11%).
Cenovus Energy's revenue per employee in the last FY averaged $5.9M, while opex per employee averaged $0.7M for the same period.
Cenovus Energy's rule of 40 is 25% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Cenovus Energy's rule of X is 18% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Cenovus Energy Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (11%) | XXX | (15%) | XXX | XXX | XXX |
| EBITDA Margin | 21% | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | 25% | XXX | 44% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 25% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 18% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $5.9M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 1% | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 12% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Cenovus Energy Public Comps
See public comps and valuation multiples for other Oil & Gas and Energy Production comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cenovus Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| RWE | XXX | XXX | XXX | XXX | XXX | XXX |
| Targa Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Woodside Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| Cameco | XXX | XXX | XXX | XXX | XXX | XXX |
| Diamondback Energy | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Cenovus Energy M&A Activity
Cenovus Energy acquired XXX companies to date.
Last acquisition by Cenovus Energy was on XXXXXXXX, XXXXX. Cenovus Energy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Cenovus Energy
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialCenovus Energy Investment Activity
Cenovus Energy invested in XXX companies to date.
Cenovus Energy made its latest investment on XXXXXXXX, XXXXX. Cenovus Energy invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Cenovus Energy
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Cenovus Energy
| When was Cenovus Energy founded? | Cenovus Energy was founded in 2008. |
| Where is Cenovus Energy headquartered? | Cenovus Energy is headquartered in Canada. |
| How many employees does Cenovus Energy have? | As of today, Cenovus Energy has over 7K employees. |
| Who is the CEO of Cenovus Energy? | Cenovus Energy's CEO is Jonathan M. McKenzie. |
| Is Cenovus Energy publicly listed? | Yes, Cenovus Energy is a public company listed on NYSE. |
| What is the stock symbol of Cenovus Energy? | Cenovus Energy trades under CVE ticker. |
| When did Cenovus Energy go public? | Cenovus Energy went public in 2009. |
| Who are competitors of Cenovus Energy? | Cenovus Energy main competitors are RWE, Targa Resources, Woodside Energy, Cameco. |
| What is the current market cap of Cenovus Energy? | Cenovus Energy's current market cap is $48B. |
| What is the current revenue of Cenovus Energy? | Cenovus Energy's last 12 months revenue is $41B. |
| What is the current revenue growth of Cenovus Energy? | Cenovus Energy revenue growth (NTM/LTM) is (11%). |
| What is the current EV/Revenue multiple of Cenovus Energy? | Current revenue multiple of Cenovus Energy is 1.4x. |
| Is Cenovus Energy profitable? | Yes, Cenovus Energy is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Cenovus Energy? | Cenovus Energy's last 12 months EBITDA is $8B. |
| What is Cenovus Energy's EBITDA margin? | Cenovus Energy's last 12 months EBITDA margin is 21%. |
| What is the current EV/EBITDA multiple of Cenovus Energy? | Current EBITDA multiple of Cenovus Energy is 6.8x. |
| What is the current FCF of Cenovus Energy? | Cenovus Energy's last 12 months FCF is $3B. |
| What is Cenovus Energy's FCF margin? | Cenovus Energy's last 12 months FCF margin is 7%. |
| What is the current EV/FCF multiple of Cenovus Energy? | Current FCF multiple of Cenovus Energy is 20.1x. |
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