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Cenovus Energy (CVE, Integrated Oil & Gas) Stock Valuation & Fair Value Quality business with a solid forward outlook

Cenovus Energy (CVE, Integrated Oil & Gas) trades at a blended P/E of 12.3, about 41% below its historical normal valuation, with a forward growth estimate of 6.2% and a PEG of 1.99.

DATA AS OF 2026-08-28
Blended P/E
12.3
Normal P/E
20.8
PEG
1.99
Fwd growth
6.2%
Div yield
1.0%
RSI (14)
58.2
Neutral

The Street vs SeerForecast

Wall Street's mean price target for CVE is $36.77 across 2 analysts, 16.4% above the current price. The average analyst rating is Strong Buy. Our SeerForecast read of the same stock, formed without analyst targets: quality business with a solid forward outlook. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from fairly valued (2026-06-14) to quality business with a solid forward outlook (2026-08-28).

Price and rating by weekClose moved +17.1 percent from 2026-06-14 to 2026-08-24, with 1 rating change over 21 recorded weeks.2026-06-14: Fairly valued, close 28.11 (recalculated)2026-06-16: Fairly valued, close 26.25 (recalculated)2026-06-21: Fairly valued, close 25.16 (recalculated)2026-07-02: Fairly valued, close 24.65 (recalculated)2026-07-06: Fairly valued, close 24.36 (recalculated)2026-07-09: Fairly valued, close 25.98 (recalculated)2026-07-12: Fairly valued, close 26.40 (recalculated)2026-07-13: Fairly valued, close 27.61 (recalculated)2026-07-14: Fairly valued, close 27.51 (recalculated)2026-07-20: Fairly valued, close 28.26 (recalculated)2026-07-22: Fairly valued, close 28.99 (recalculated)2026-07-25: Fairly valued, close 29.28 (recalculated)2026-07-27: Fairly valued, close 28.04 (recalculated)2026-07-31: Fairly valued, close 30.19 (recalculated)2026-08-03: Quality business with a solid forward outlook, close 30.192026-08-07: Quality business with a solid forward outlook, close 28.25 (recalculated)2026-08-10: Quality business with a solid forward outlook, close 28.252026-08-14: Quality business with a solid forward outlook, close 31.01 (recalculated)2026-08-17: Quality business with a solid forward outlook, close 31.012026-08-21: Quality business with a solid forward outlook, close 32.93 (recalculated)2026-08-24: Quality business with a solid forward outlook, close 32.9328332026-06-142026-08-24
Attractively valuedFairly valuedAbove fair valueLarger dot: a stronger reading

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

2026-06-14P/E 14.7-29%Fairly valued
2026-06-16P/E 14.7-29%Fairly valued
2026-06-21P/E 14.7-29%Fairly valued
2026-07-02P/E 14.7-29%Fairly valued
2026-07-06P/E 14.7-29%Fairly valued
2026-07-09P/E 14.7-29%Fairly valued
2026-07-12P/E 14.7-29%Fairly valued
2026-07-13P/E 14.7-29%Fairly valued
2026-07-14P/E 14.7-29%Fairly valued
2026-07-20P/E 14.7-29%Fairly valued
2026-07-22P/E 12.2-41%Fairly valued
2026-07-25P/E 12.2-41%Fairly valued
2026-07-27P/E 12.2-41%Fairly valued
2026-07-31P/E 12.2-41%Fairly valued
2026-08-03P/E 12.5-40%Quality business with a solid forward outlook
2026-08-07P/E 12.5-40%Quality business with a solid forward outlook
2026-08-10P/E 11.2-46%Quality business with a solid forward outlook
2026-08-14P/E 11.2-46%Quality business with a solid forward outlook
2026-08-17P/E 12.2-42%Quality business with a solid forward outlook
2026-08-21P/E 12.2-42%Quality business with a solid forward outlook
2026-08-24P/E 12.3-41%Quality business with a solid forward outlook
2026-08-27P/E 12.3-41%Quality business with a solid forward outlook
2026-08-28P/E 12.3-41%Quality business with a solid forward outlook ← now

Frequently asked questions

Is Cenovus Energy stock overvalued?

At a blended P/E of 12.3 versus its historical normal P/E of 20.8, Cenovus Energy trades about 41% below its typical valuation, with a PEG of 1.99 on 6.2% forward growth. tickerseer currently rates it quality business with a solid forward outlook.

What is Cenovus Energy's fair value and PEG?

Cenovus Energy trades at a blended P/E of 12.3 against a historical normal P/E of 20.8, a PEG of 1.99, and a forward growth estimate of 6.2%.

Has tickerseer's rating of Cenovus Energy changed?

tickerseer's rating moved from fairly valued (2026-06-14) to quality business with a solid forward outlook (2026-08-28).

What is the analyst price target for Cenovus Energy?

The mean Wall Street price target for Cenovus Energy is $36.77 across 2 analysts, 16.4% above the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Integrated Oil & Gas. 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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