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OVV Ovintiv PE ratio, current and historical analysis

As of Apr 22, 2024, the OVV stock has a PE ratio of 6.51. The calculation is based on the latest EPS of $8.02 and the stock price of $52.18 per share. An increase of 73% has been observed in the PE ratio compared to its average of 3.8 of the past four quarters.

OVV PE ratio history

How has OVV's PE ratio performed in the past

The mean historical PE ratio of Ovintiv over the last ten years is 18.51. The current 6.51 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.

Average
18.51
Median
5.26
Minimum
0.8
Maximum
217.5

Ovintiv PE ratio by year

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 average PE ratio chart

What is the average PE ratio of OVV for the past years

OVV's current PE ratio is higher than the 3 and 5-year averages, but it is under its 10-year average.

3-year avg
5.45
5-year avg
6.47
10-year avg
18.51
15-year avg
66.77

OVV PE vs peers

What is OVV's PE ratio compared to its peers

When compared to its peer stock PR, OVV's PE ratio is lower.

Stock name PE ratio Market cap
OVV Ovintiv Inc 6.51 $14.06B
PR Permian Resources Corp 12.63 $13.25B

Frequently asked questions

What is Ovintiv's PE ratio?

As of Apr 22, 2024, OVV stock has a price to earnings ratio of 6.51.

What is the 3-year average PE ratio for Ovintiv (OVV)?

The 3-year average PE ratio for OVV stock is 5.45.

What is the 5-year average PE ratio for Ovintiv (OVV)?

The 5-year average PE ratio for OVV stock is 6.47.

What is the highest PE ratio for OVV?

Over the last ten years, the quarterly PE ratio reached its highest level at 217.5 in the Jun 2018 quarter.

How does the current PE ratio for OVV compare to its historical average?

OVV's current price to earnings ratio is 65% below its 10-year historical average.

Why is Ovintiv's PE ratio so low?

OVV's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.

How is OVV's PE ratio calculated (Ovintiv PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 22, 2024), Ovintiv's share price is $52.18. 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 6.51. PE RATIO(6.51) = STOCK PRICE($52.18) / TTM EPS($8.02)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.