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CVE vs. ENB: Cenovus Energy vs. Enbridge Stock Comparison

How do Cenovus Energy (CVE) and Enbridge (ENB) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Cenovus Energy (CVE) and Enbridge (ENB) both belong to the Oil, Gas & Consumable Fuels industry, though CVE is classified under Integrated Oil & Gas while ENB falls under Oil & Gas Storage & Transportation.

Company profile comparison for Cenovus Energy (CVE) and Enbridge (ENB)
Profile ItemCVEENB
NameCenovus Energy Inc.Enbridge Inc.
Country/RegionCanadaCanada
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsOil, Gas & Consumable Fuels
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Storage & Transportation
Market Capitalization49.61 billion USD104.51 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateNovember 17, 2009March 15, 1984
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

CVE
ENB
GSPC
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Cenovus Energy (CVE) vs. Enbridge (ENB), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cenovus Energy (CVE) and Enbridge (ENB). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cenovus Energy (CVE) and Enbridge (ENB). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
Total Return (1Y)60.99%3.49%
Total Return (3Y, Annualized)19.41%19.14%
Total Return (5Y, Annualized)18.63%8.72%

Risk Profile

Drawdown History

CVE
ENB
GSPC
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Cenovus Energy (CVE) vs. Enbridge (ENB), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cenovus Energy (CVE) and Enbridge (ENB). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
Volatility (1Y, Annualized)37.47%18.30%
Beta (5Y)0.430.59
Max Drawdown (5Y)-53.51%-28.31%
Avg. Volume (3M)6.90M5.05M

Risk-Adjusted Performance

Risk-Return Positioning

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CVE and ENB are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
Sharpe Ratio (1Y)1.51-0.04
Sortino Ratio (1Y)2.20-0.06

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while Enbridge (ENB) at 9.22% is closer to the peer norm — stronger capital efficiency for CVE.

CVE

Energy industry group

27.44%

Max
53.85%
CVE
27.44%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

ENB

Energy industry group

9.22%

Max
53.85%
Q3
24.79%
Median
12.85%
ENB
9.22%
Q1
2.03%
Min
-29.09%
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Cenovus Energy (CVE) at 15.42% and Enbridge (ENB) at 7.34% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

CVE

Energy industry group

15.42%

Max
56.92%
Q3
22.92%
CVE
15.42%
Median
10.10%
Q1
0.07%
Min
-27.38%

ENB

Energy industry group

7.34%

Max
56.92%
Q3
22.92%
Median
10.10%
ENB
7.34%
Q1
0.07%
Min
-27.38%
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Cenovus Energy (CVE) at 26.58% and Enbridge (ENB) at 10.16% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

CVE

Energy industry group

26.58%

Max
71.31%
Q3
33.75%
CVE
26.58%
Median
18.73%
Q1
6.94%
Min
-24.52%

ENB

Energy industry group

10.16%

Max
71.31%
Q3
33.75%
Median
18.73%
ENB
10.16%
Q1
6.94%
Min
-24.52%
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
ROE (TTM)27.44%9.22%
ROA (TTM)12.05%3.29%
Net Margin (TTM)15.42%7.34%
Operating Margin (TTM)26.58%10.16%
Gross Margin (TTM)33.92%32.59%

Growth

Revenue Growth

Enbridge (ENB) at 21.92% sits in the top revenue growth quartile, while Cenovus Energy (CVE) at -8.62% is in the bottom quartile, showing a clear gap in revenue momentum.

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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Cenovus Energy (CVE) at 28.74% and Enbridge (ENB) at 37.61% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.

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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
Revenue Growth (YoY)-8.62%21.92%
Revenue Growth (3Y CAGR)-9.75%6.94%
EPS Growth (YoY)28.74%37.61%
EPS Growth (3Y CAGR)-12.42%36.00%

Financial Strength

Current Ratio (MRQ)

Cenovus Energy (CVE) at 1.64 keeps current ratio within its industry’s typical mid-range, while Enbridge (ENB) at 0.72 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for ENB.

CVE

Energy industry group

1.64

Max
3.64
Q3
2.21
CVE
1.64
Median
1.41
Q1
0.88
Min
0.24

ENB

Energy industry group

0.72

Max
3.64
Q3
2.21
Median
1.41
Q1
0.88
ENB
0.72
Min
0.24
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Cenovus Energy (CVE) at 0.33 carries an industry-typical debt-to-equity mix, while Enbridge (ENB) at 1.63 uses more debt funding than most peers.

CVE

Energy industry group

0.33

Max
1.75
Q3
0.93
Median
0.54
CVE
0.33
Q1
0.30
Min
0.00

ENB

Energy industry group

1.63

Max
1.75
ENB
1.63
Q3
0.93
Median
0.54
Q1
0.30
Min
0.00
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
Current Ratio (MRQ)1.640.72
Debt / Equity (MRQ)0.331.63
Net Debt / EBITDA0.356.33

Dividends

Dividend Yield (TTM)

Enbridge (ENB) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Cenovus Energy (CVE) reports a yield of 3.04%, ranking against industry peers normally.

CVE

Energy industry group

3.04%

Max
8.57%
Q3
3.58%
CVE
3.04%
Median
1.71%
Q1
0.00%
Min
0.00%

ENB

Energy industry group

0.00%

Max
8.57%
Q3
3.58%
Median
1.71%
ENB
0.00%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Enbridge (ENB) reports payout ratio above 100% at 147.68%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Cenovus Energy (CVE) reports 22.84%, ranking against industry peers normally.

CVE

Energy industry group

22.84%

Max
133.24%
Q3
53.31%
Median
25.24%
CVE
22.84%
Q1
0.00%
Min
0.00%

ENB

Energy industry group

147.68%

ENB
147.68%
Max
133.24%
Q3
53.31%
Median
25.24%
Q1
0.00%
Min
0.00%
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
Dividend Yield (TTM)3.04%0.00%
Dividend Payout Ratio (TTM)22.84%147.68%

Valuation

P/E Ratio (TTM)

Cenovus Energy (CVE) at 10.56 is near its industry’s usual P/E ratio, while Enbridge (ENB) at 22.65 sits in the richer quartile — ENB needs stronger growth or earnings quality to justify the premium.

CVE

Energy industry group

10.56

Max
39.54
Q3
21.72
Median
12.19
CVE
10.56
Q1
7.71
Min
2.99

ENB

Energy industry group

22.65

Max
39.54
ENB
22.65
Q3
21.72
Median
12.19
Q1
7.71
Min
2.99
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Cenovus Energy (CVE) at 0.88 sits in the cheaper P/S ratio quartile while Enbridge (ENB) at 1.25 prices around its industry’s middle — CVE costs less per dollar of sales, though read it alongside growth and margins.

CVE

Energy industry group

0.88

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
CVE
0.88
Min
0.00

ENB

Energy industry group

1.25

Max
5.40
Q3
2.85
Median
1.69
ENB
1.25
Q1
0.88
Min
0.00
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Cenovus Energy (CVE) at 1.98 is valued about in line with its industry on P/B ratio, while Enbridge (ENB) at 2.59 carries an above-peer premium to book — ENB is pricier on assets.

CVE

Energy industry group

1.98

Max
4.21
Q3
2.38
CVE
1.98
Median
1.51
Q1
1.08
Min
0.01

ENB

Energy industry group

2.59

Max
4.21
ENB
2.59
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01
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Cenovus Energy (CVE) vs. Enbridge (ENB): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and Enbridge (ENB)
MetricCVEENB
P/E Ratio (TTM)10.5622.65
P/S Ratio (TTM)0.881.25
P/B Ratio (MRQ)1.982.59
Free Cash Flow Yield (TTM)20.71%-1.01%