OVV Ovintiv PE ratio, current and historical analysis
As of Dec 24, 2024, the OVV stock has a PE ratio of 5.05. The calculation is based on the latest EPS of $7.68 and the stock price of $38.76 per share. A decrease of 16% has been observed in the PE ratio compared to its average of 6.0 of the past four quarters.
OVV PE ratio history
The mean historical PE ratio of Ovintiv over the last ten years is 16.14. The current 5.05 price-to-earnings ratio is 69% 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.
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
OVV's current PE ratio is under its 3, 5 and 10-year averages.
OVV PE vs peers
When compared to its peer stock PR, OVV's PE ratio is lower.
| Stock name | PE ratio | Market cap |
|---|---|---|
| OVV Ovintiv Inc | 5.05 | $10.09B |
| PR Permian Resources Corp | 7.5 | $11.21B |
Frequently asked questions
What is Ovintiv's PE ratio?
As of Dec 24, 2024, OVV stock has a price to earnings ratio of 5.05.
What is the 3-year average PE ratio for Ovintiv (OVV)?
The 3-year average PE ratio for OVV stock is 5.64.
What is the 5-year average PE ratio for Ovintiv (OVV)?
The 5-year average PE ratio for OVV stock is 6.75.
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 69% 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 (Dec 24, 2024), Ovintiv's share price is $38.76. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2024 is $7.68. Therefore, Ovintiv's price to earnings ratio for today is 5.05. PE RATIO(5.05) = STOCK PRICE($38.76) / TTM EPS($7.68)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.