# Ovintiv Inc. (DE) (OVV.TO) fundamentals

Data as of 2026-09-08. TSX, Canada. Sector: Energy / Oil, Gas & Consumable Fuels. Price C$89.57, market value C$24.8 billion.

## Valuation
- **P/E (trailing): 18.1×** (5-yr avg 8.6×, 3-yr avg 10.4×). Ovintiv Inc. (DE) trades at 18.1× trailing earnings, well above its own five-year average of 8.6×: investors are paying up relative to the company's past. The Energy median in the September 2026 study was 16.8×. Forward P/E is 8.9×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.65**. A PEG of 0.65 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 1.9×**. Each dollar of revenue is priced at 1.9×.
- **Price / book: 1.6×**. The shares trade at 1.6× book value; book value is a meaningful part of the valuation.
- **EV / EBITDA: 5.6×**. Enterprise value is 5.6× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 12.6%** (5-yr avg 11.8%). Free cash flow equals 12.6% of the market value, in line with its five-year average of 11.8%. Above 5% is generally attractive.
- **Earnings yield: 5.5%**. The inverse of the P/E: 5.5% of the price is earned each year.

## Profitability
- **Gross margin: 45.2%**. Ovintiv Inc. (DE) keeps 45.2% of revenue after the direct cost of what it sells.
- **Operating margin: 25.9%**. 25.9% of revenue is left after running the business, an exceptional level.
- **Net margin: 14.2%**. 14.2% of each dollar of sales reaches the bottom line.
- **Return on equity: 11.1%**. 11.1% on shareholders' equity is solid.
- **Return on invested capital: 14.5%**. Return on all capital, debt included, is 14.5%.
- **Return on assets: 4.5%**. Each dollar of assets produces 4.5% of profit.

## Growth
- **Revenue growth (1 yr): -4.5%** (3-yr -11.2%/yr, 5-yr 7.5%/yr). Revenue fell 4.5% over the last year, against 7.5% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 13.5%** (3-yr -30.2%/yr). Earnings per share rose 13.5%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -9.6%/yr**. Free cash flow has compounded at -9.6% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Debt to equity: 0.57**. Debt is 0.57 times equity, moderate leverage.
- **Net debt / EBITDA: 1.4×**. It would take 1.4 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 6.5×**. Operating profit covers interest 6.5× over, a safe margin.
- **Current ratio: 0.54** (quick 0.54). Current liabilities exceed current assets, so the company depends on ongoing cash generation or refinancing to pay the next year's bills.
- **Altman Z-score: 3.04**. A Z-score of 3.04 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 7/9**. 7 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 1.89%** (C$1.69 per share, trailing). Ovintiv Inc. (DE) yields 1.89%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 25%** (14% of free cash flow). 25% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 7**. 7 straight years of increases.
- **Dividend growth (5 yr): 27.2%/yr** (1-yr 1.2%). The dividend has compounded at 27.2% a year over five years, doubling roughly every 3 years at that pace.
- **Shareholder yield: 5.1%**. Dividends plus net buybacks return 5.1% of the market value a year.

## Analyst view
- **Analyst consensus: buy** (3 analysts). 3 analysts cover Ovintiv Inc. (DE); the consensus is buy, with an average price target of C$90.51 (+1% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 56.1%** (YTD 68.3%, 3-mo 13.8%). The shares are up 56.1% over twelve months including dividends.
- **From 52-week high: -4.1%** (78.7% above the low). Trading within 5% of its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 53**. An RSI of 53 is neutral.
- **Beta (1 yr): -0.18** (volatility 36%). Beta of -0.18 against the S&P/TSX Composite: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=OVV.TO · Page: https://foliofundamentals.com/stocks/ovv.to

Not investment advice.