Ovintiv Inc. (OVV) Valuation
Historical valuation analysis based on 500 data points (2024-09-26 to 2026-09-24)
Ovintiv is an independent oil and gas producer focused on Canada's Montney and the US' Permian basins. Historically, it has been an acquisitive producer across numerous basins and plays but has div...
Ovintiv Inc. (OVV) currently trades at a P/E ratio of 21.05 (historical range: 2.75–23.30, median: 10.15), placing it at the 91th percentile — expensive relative to its history, P/S ratio of 1.79 (range: 0.80–1.98, 91th percentile — expensive relative to its history), EV/EBITDA of 46.62 (range: 3.86–50.34, 91th percentile).
Over the historical period (2024-09-26 to 2026-09-24), Ovintiv Inc.'s P/E ratio has expanded by 53% over the observed period (from an average of 9.8 to 15.0).
Ovintiv Inc. trades well above its own historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 21.05 | 2.75 | 10.15 | 23.30 | 91th | expensive relative to its history |
| P/S Ratio | 1.79 | 0.80 | 1.18 | 1.98 | 91th | expensive relative to its history |
| EV/EBITDA | 46.62 | 3.86 | 10.79 | 50.34 | 91th | expensive relative to its history |
| FCF Yield | 0.10 | 0.09 | 0.14 | 0.20 | 11th | expensive relative to its history |
Ovintiv Inc. (OVV) Valuation & P/E History
Ovintiv Inc. (OVV) is a US-listed stock operating in the Energy sector, specifically the Crude Petroleum & Natural Gas industry currently trading at $60.51 with a market capitalization of $16.7 billion. This page provides historical valuation analysis for OVV based on 500 data points covering 2024-09-26 to 2026-09-24. The P/E ratio of 21.05 is above the historical median of 10.15, placing OVV at the 91th percentile of its valuation range. The P/S ratio of 1.79 compares to a median of 1.18.
OVV Valuation Metrics & Historical Range
The valuation table above shows Ovintiv Inc.'s current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether OVV is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests OVV is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Ovintiv Inc..
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is OVV Overvalued or Undervalued?
Ovintiv Inc. trades well above its own historical valuation range across most metrics. The overall valuation percentile of 91 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive OVV is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full OVV analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.OVV trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.