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Cenovus Energy (CVE, Major oil companies) Stock Valuation & Fair Value Mixed on our tests

Cenovus Energy (CVE, Major oil companies) trades at a current P/E of 9.6, about 54% below its historical normal valuation, with a forward growth estimate of -2.4%. Priced at its historical normal P/E of 20.8 on the same blended earnings, the 2026-10-09 close of $31.39 corresponds to about $67.70 a share. This is a valuation reference, not a price target.

Current P/E
9.6
Normal P/E
20.8
PEG
—
Fwd growth
-2.4%
Div yield
1.0%
RSI (14)
52.5
Neutral
Technical context
  • Price $31.86 at the 2026-10-12 close, 0.6% above the 20-day average ($31.67) and 1.3% above the 50-day ($31.45).
  • RSI (14) at 52.5.
  • 52-week range $15.59 to $33.92: the price is 6.1% below the high and 104.4% above the low.

The Street vs SeerForecast

Wall Street's mean price target for CVE is $36.48 across 2 analysts, 14.5% above the current price. The average analyst rating is Strong Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating has been mixed on our tests since 2026-06-14.

Current P/E and rating by weekCurrent P/E moved from 14.7 to 9.6 between 2026-06-12 and 2026-10-09, against a normal P/E of 20.8, with 2 rating changes over 37 recorded weeks.2026-06-12: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-06-142026-06-16: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-06-162026-06-18: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-06-212026-07-02: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 14.7, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 12.2, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 12.2, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 12.2, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 12.2, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 12.5, Favorable on our tests, recorded live 2026-08-032026-08-07: P/E 12.5, Favorable on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 11.2, Favorable on our tests, recorded live 2026-08-102026-08-14: P/E 11.2, Favorable on our tests, recalculated for the week of 2026-08-142026-08-14: P/E 12.2, Favorable on our tests, recorded live 2026-08-172026-08-21: P/E 12.2, Favorable on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 12.3, Favorable on our tests, recorded live 2026-08-242026-08-27: P/E 12.3, Favorable on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 12.3, Favorable on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 12.3, Favorable on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 11.9, Favorable on our tests, recorded live 2026-08-312026-09-04: P/E 11.9, Favorable on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 12.2, Favorable on our tests, recorded live 2026-09-072026-09-11: P/E 12.2, Favorable on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 12.3, Favorable on our tests, recorded live 2026-09-142026-09-18: P/E 12.3, Favorable on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 11.9, Favorable on our tests, recorded live 2026-09-212026-09-25: P/E 11.3, Favorable on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 11.3, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 11.8, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 11.8, Mixed on our tests, recorded live 2026-10-052026-10-09: P/E 9.6, Mixed on our tests, recalculated for the week of 2026-10-102026-10-09: P/E 9.6, Mixed on our tests, recorded live 2026-10-1210.015.020.0Jun 12Jul 12Aug 11Sep 9Oct 9Normal P/E 20.8
Favorable on our testsMixed on our tests

Not every point was recorded live. Points marked recalculated are worked out from the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekCurrent P/EPremium to normal P/ERating
2026-06-14P/E 14.7-29%Mixed on our tests (recalculated)
2026-08-03P/E 12.5-40%Favorable on our tests
2026-09-28P/E 11.3-46%Mixed on our tests (across a rating rules change)
2026-10-10P/E 9.6-54%Mixed on our tests (recalculated)
2026-10-12P/E 9.6-54%Mixed on our tests ← now
Show all 37 weeks
WeekCurrent P/EPremium to normal P/ERating
2026-06-14P/E 14.7-29%Mixed on our tests (recalculated)
2026-06-16P/E 14.7-29%Mixed on our tests (recalculated)
2026-06-21P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-02P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-06P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-09P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-12P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-13P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-14P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-20P/E 14.7-29%Mixed on our tests (recalculated)
2026-07-22P/E 12.2-41%Mixed on our tests (recalculated)
2026-07-25P/E 12.2-41%Mixed on our tests (recalculated)
2026-07-27P/E 12.2-41%Mixed on our tests (recalculated)
2026-07-31P/E 12.2-41%Mixed on our tests (recalculated)
2026-08-03P/E 12.5-40%Favorable on our tests
2026-08-07P/E 12.5-40%Favorable on our tests (recalculated)
2026-08-10P/E 11.2-46%Favorable on our tests
2026-08-14P/E 11.2-46%Favorable on our tests (recalculated)
2026-08-17P/E 12.2-42%Favorable on our tests
2026-08-21P/E 12.2-42%Favorable on our tests (recalculated)
2026-08-24P/E 12.3-41%Favorable on our tests
2026-08-27P/E 12.3-41%Favorable on our tests (recalculated)
2026-08-28P/E 12.3-41%Favorable on our tests (recalculated)
2026-08-30P/E 12.3-41%Favorable on our tests (recalculated)
2026-08-31P/E 11.9-43%Favorable on our tests
2026-09-05P/E 11.9-43%Favorable on our tests (recalculated)
2026-09-07P/E 12.2-41%Favorable on our tests
2026-09-12P/E 12.2-41%Favorable on our tests (recalculated)
2026-09-14P/E 12.3-41%Favorable on our tests
2026-09-19P/E 12.3-41%Favorable on our tests (recalculated)
2026-09-21P/E 11.9-43%Favorable on our tests
2026-09-26P/E 11.3-46%Favorable on our tests (recalculated)
2026-09-28P/E 11.3-46%Mixed on our tests (across a rating rules change)
2026-10-03P/E 11.8-43%Mixed on our tests (recalculated)
2026-10-05P/E 11.8-43%Mixed on our tests
2026-10-10P/E 9.6-54%Mixed on our tests (recalculated)
2026-10-12P/E 9.6-54%Mixed on our tests ← now

Frequently asked questions

Is Cenovus Energy stock overvalued?

At a current P/E of 9.6 versus its historical normal P/E of 20.8, Cenovus Energy trades about 54% below its typical valuation. tickerseer currently rates it mixed on our tests.

What is Cenovus Energy's fair value and PEG?

Cenovus Energy trades at a current P/E of 9.6 against a historical normal P/E of 20.8, a forward growth estimate of -2.4%. Priced at its historical normal P/E of 20.8 on the same blended earnings, the 2026-10-09 close of $31.39 corresponds to about $67.70 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Cenovus Energy changed?

tickerseer's rating has been mixed on our tests since 2026-06-14.

What is the analyst price target for Cenovus Energy?

The mean Wall Street price target for Cenovus Energy is $36.48 across 2 analysts, 14.5% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Major oil companies. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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