Ovintiv Inc.

NYSE:OVV Stock Report

Market Cap: US$11.9b

Ovintiv Valuation

Is OVV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of OVV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: OVV ($46.08) is trading below our estimate of future cash flow value ($214.47)

Significantly Below Future Cash Flow Value: OVV is trading below future cash flow value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OVV?

Key metric: As OVV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for OVV. This is calculated by dividing OVV's market cap by their current earnings.
What is OVV's PE Ratio?
PE Ratio49.4x
EarningsUS$236.00m
Market CapUS$11.89b

Price to Earnings Ratio vs Peers

How does OVV's PE Ratio compare to its peers?

The above table shows the PE ratio for OVV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.1x
AR Antero Resources
16.4x11.80%US$10.7b
APA APA
6.4x2.19%US$9.9b
RRC Range Resources
15.2x18.55%US$8.9b
CTRA Coterra Energy
14.3x6.14%US$23.8b
OVV Ovintiv
49.4x33.27%US$11.9b

Price-To-Earnings vs Peers: OVV is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the peer average (13.1x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does OVV's PE Ratio compare vs other companies in the US Oil and Gas Industry?

11 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TGA TransGlobe Energy
2.2xn/aUS$272.31m
SAFX XCF Global
0.4xn/aUS$41.81m
TOPS Top Ships
2xn/aUS$22.85m
MVO MV Oil Trust
1.4xn/aUS$16.79m
OVV 49.4xIndustry Avg. 14.5xNo. of Companies21PE01020304050+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: OVV is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the US Oil and Gas industry average (14.5x).

Price to Earnings Ratio vs Fair Ratio

What is OVV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

OVV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio49.4x
Fair PE Ratio25.4x

Price-To-Earnings vs Fair Ratio: OVV is expensive based on its Price-To-Earnings Ratio (49.4x) compared to the estimated Fair Price-To-Earnings Ratio (25.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst OVV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$46.08
US$53.38
+15.84%
9.68%US$61.00US$42.00n/a21
Feb ’27US$43.47
US$53.58
+23.26%
9.07%US$61.00US$42.00n/a19
Jan ’27US$39.19
US$53.84
+37.39%
12.01%US$72.00US$42.00n/a19
Dec ’26US$41.58
US$53.90
+29.63%
11.72%US$72.00US$42.00n/a20
Nov ’26US$37.51
US$51.82
+38.14%
12.47%US$67.00US$38.00n/a22
Oct ’26US$40.53
US$53.71
+32.53%
11.61%US$67.00US$42.00n/a21
Sep ’26US$42.12
US$54.00
+28.21%
11.42%US$67.00US$42.00n/a21
Aug ’26US$39.42
US$54.48
+38.19%
11.10%US$67.00US$42.00n/a21
Jul ’26US$39.31
US$52.33
+33.13%
12.79%US$65.00US$41.00n/a21
Jun ’26US$35.82
US$51.52
+43.84%
11.59%US$63.00US$42.00n/a21
May ’26US$34.38
US$51.57
+50.00%
11.32%US$61.00US$42.00n/a21
Apr ’26US$43.91
US$57.03
+29.89%
10.50%US$73.00US$45.00n/a23
Mar ’26US$43.46
US$58.35
+34.27%
10.45%US$73.00US$44.00n/a22
Feb ’26US$42.22
US$58.66
+38.93%
11.50%US$73.00US$44.00US$43.4721
Jan ’26US$40.50
US$57.73
+42.53%
10.81%US$70.00US$42.00US$39.1919
Dec ’25US$45.42
US$58.78
+29.41%
8.64%US$70.00US$48.00US$41.5819
Nov ’25US$38.96
US$54.13
+38.93%
8.41%US$63.00US$42.00US$37.5122
Oct ’25US$40.33
US$56.09
+39.08%
10.61%US$68.00US$42.00US$40.5322
Sep ’25US$42.83
US$61.22
+42.93%
8.03%US$69.00US$51.00US$42.1223
Aug ’25US$44.48
US$62.22
+39.88%
8.03%US$69.00US$51.00US$39.4223
Jul ’25US$46.94
US$62.95
+34.12%
8.22%US$71.00US$53.00US$39.3122
Jun ’25US$51.67
US$62.85
+21.64%
8.36%US$71.00US$52.74US$35.8222
May ’25US$50.73
US$61.79
+21.81%
8.56%US$71.00US$52.74US$34.3823
Apr ’25US$52.10
US$57.83
+11.00%
8.70%US$68.00US$49.00US$43.9122
Mar ’25US$50.40
US$54.12
+7.39%
10.88%US$63.00US$42.00US$43.4622
Feb ’25US$42.11
US$53.62
+27.34%
10.99%US$63.00US$42.00US$42.2222
US$53.38
Fair Value
13.7% undervalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/02/17 12:47
End of Day Share Price 2026/02/17 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Ovintiv Inc. is covered by 61 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Patrick O'RourkeATB Cormark
Brent WatsonATB Cormark Historical (Cormark Securities)
Laique Ahmad Amir ArifATB Cormark Historical (Cormark Securities)