As of May 7, 2024, the OVV stock has a PE ratio of 6.55. The calculation is based on the latest EPS of $8.02 and the stock price of $52.51 per share. An increase of 74% has been observed in the PE ratio compared to its average of 3.8 of the past four quarters.
The mean historical PE ratio of Ovintiv over the last ten years is 18.51. The current 6.55 price-to-earnings ratio is 65% less than the historical average. Analyzing the last ten years, OVV's PE ratio reached its highest point in the Jun 2018 quarter at 217.5, with a price of $65.25 and an EPS of $0.3. The Mar 2020 quarter saw the lowest point at 0.8, with a price of $2.7 and an EPS of $3.38.
Maximum annual increase: 402.12% in 2019
Maximum annual decrease: -94.63% in 2014
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 5.48 | 54.8% |
| 2022 | 3.54 | -42.81% |
| 2021 | 6.19 | N/A |
| 2020 | N/A | N/A |
| 2019 | 26.06 | 402.12% |
| 2018 | 5.19 | -66.9% |
| 2017 | 15.68 | N/A |
| 2016 | N/A | N/A |
| 2015 | N/A | N/A |
| 2014 | 3.03 | -94.63% |
OVV's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.
When compared to its peer stock PR, OVV's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OVV Ovintiv Inc | 6.55 | $14.15B |
| PR Permian Resources Corp | 12.9 | $13.55B |
As of May 7, 2024, OVV stock has a price to earnings ratio of 6.55.
The 3-year average PE ratio for OVV stock is 5.45.
The 5-year average PE ratio for OVV stock is 6.47.
Over the last ten years, the quarterly PE ratio reached its highest level at 217.5 in the Jun 2018 quarter.
OVV's current price to earnings ratio is 65% below its 10-year historical average.
OVV's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 7, 2024), Ovintiv's share price is $52.51. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $8.02. Therefore, Ovintiv's price to earnings ratio for today is 6.55. PE RATIO(6.55) = STOCK PRICE($52.51) / TTM EPS($8.02)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.