CVE vs. TTE: Cenovus Energy vs. TotalEnergies Stock Comparison

November 11, 2026

How do Cenovus Energy (CVE) and TotalEnergies (TTE) 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 TotalEnergies (TTE) are both classified in the Integrated Oil & Gas sub-industry within the broader Oil, Gas & Consumable Fuels industry, placing them in the closest GICS peer bucket.

Company profile comparison for Cenovus Energy (CVE) and TotalEnergies (TTE)
Profile Item	CVE	TTE
Name	Cenovus Energy Inc.	TotalEnergies SE
Country/Region	Canada	France
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Integrated Oil & Gas	Integrated Oil & Gas
Market Capitalization	49.61 billion USD	192.81 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	November 17, 2009	October 25, 1991
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

CVE

TTE

GSPC

Cenovus Energy (CVE) vs. TotalEnergies (TTE), 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 TotalEnergies (TTE). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Cenovus Energy (CVE) and TotalEnergies (TTE)
Metric	CVE	TTE
Total Return (1Y)	60.99%	47.13%
Total Return (3Y, Annualized)	19.41%	16.28%
Total Return (5Y, Annualized)	18.63%	17.77%

Risk Profile

Drawdown History

CVE

TTE

GSPC

Cenovus Energy (CVE) vs. TotalEnergies (TTE), 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 TotalEnergies (TTE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Cenovus Energy (CVE) and TotalEnergies (TTE)
Metric	CVE	TTE
Volatility (1Y, Annualized)	37.47%	25.22%
Beta (5Y)	0.43	0.15
Max Drawdown (5Y)	-53.51%	-26.16%
Avg. Volume (3M)	6.90M	1.80M

Risk-Adjusted Performance

Risk-Return Positioning

CVE and TTE 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 TotalEnergies (TTE)
Metric	CVE	TTE
Sharpe Ratio (1Y)	1.51	1.70
Sortino Ratio (1Y)	2.20	2.52

Profitability

ROE (TTM)

Cenovus Energy (CVE) at 27.44% sits in the top ROE quartile, while TotalEnergies (TTE) at 17.83% 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%

TTE

Energy industry group

17.83%

Max: 53.85%
Q3: 24.79%
TTE: 17.83%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Cenovus Energy (CVE) at 15.42% and TotalEnergies (TTE) at 10.46% 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%

TTE

Energy industry group

10.46%

Max: 56.92%
Q3: 22.92%
TTE: 10.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both Cenovus Energy (CVE) at 26.58% and TotalEnergies (TTE) at 24.51% 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%

TTE

Energy industry group

24.51%

Max: 71.31%
Q3: 33.75%
TTE: 24.51%
Median: 18.73%
Q1: 6.94%
Min: -24.52%

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Cenovus Energy (CVE) and TotalEnergies (TTE)
Metric	CVE	TTE
ROE (TTM)	27.44%	17.83%
ROA (TTM)	12.05%	7.19%
Net Margin (TTM)	15.42%	10.46%
Operating Margin (TTM)	26.58%	24.51%
Gross Margin (TTM)	33.92%	39.18%

Growth

Revenue Growth

Both Cenovus Energy (CVE) at -8.62% and TotalEnergies (TTE) at -6.78% post bottom-quartile revenue growth versus peers, pointing to weaker demand or pricing momentum than typical rivals.

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

EPS Growth

Cenovus Energy (CVE) at 28.74% sits in the top EPS growth quartile, while TotalEnergies (TTE) at -13.60% is closer to the peer norm — faster per-share earnings growth for CVE.

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

Growth Metrics

Growth metrics for Cenovus Energy (CVE) and TotalEnergies (TTE)
Metric	CVE	TTE
Revenue Growth (YoY)	-8.62%	-6.78%
Revenue Growth (3Y CAGR)	-9.75%	-11.53%
EPS Growth (YoY)	28.74%	-13.60%
EPS Growth (3Y CAGR)	-12.42%	-9.70%

Financial Strength

Current Ratio (MRQ)

Both Cenovus Energy (CVE) at 1.64 and TotalEnergies (TTE) at 1.11 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

CVE

Energy industry group

1.64

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

TTE

Energy industry group

1.11

Max: 3.64
Q3: 2.21
Median: 1.41
TTE: 1.11
Q1: 0.88
Min: 0.24

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Cenovus Energy (CVE) at 0.33 and TotalEnergies (TTE) at 0.46 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

CVE

Energy industry group

0.33

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

TTE

Energy industry group

0.46

Max: 1.75
Q3: 0.93
Median: 0.54
TTE: 0.46
Q1: 0.30
Min: 0.00

Cenovus Energy (CVE) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE)
Metric	CVE	TTE
Current Ratio (MRQ)	1.64	1.11
Debt / Equity (MRQ)	0.33	0.46
Net Debt / EBITDA	0.35	0.52

Dividends

Dividend Yield (TTM)

TotalEnergies (TTE) at 4.58% delivers top-quartile income for its industry, while Cenovus Energy (CVE) at 3.04% pays a more typical yield — both are credible income propositions, TTE the richer one.

CVE

Energy industry group

3.04%

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

TTE

Energy industry group

4.58%

Max: 8.57%
TTE: 4.58%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Cenovus Energy (CVE) at 22.84% and TotalEnergies (TTE) at 39.93% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

CVE

Energy industry group

22.84%

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

TTE

Energy industry group

39.93%

Max: 133.24%
Q3: 53.31%
TTE: 39.93%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Cenovus Energy (CVE) and TotalEnergies (TTE)
Metric	CVE	TTE
Dividend Yield (TTM)	3.04%	4.58%
Dividend Payout Ratio (TTM)	22.84%	39.93%

Valuation

P/E Ratio (TTM)

Both Cenovus Energy (CVE) at 10.56 and TotalEnergies (TTE) at 8.76 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

CVE

Energy industry group

10.56

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

TTE

Energy industry group

8.76

Max: 39.54
Q3: 21.72
Median: 12.19
TTE: 8.76
Q1: 7.71
Min: 2.99

Cenovus Energy (CVE) vs. TotalEnergies (TTE): 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 TotalEnergies (TTE) at 0.90 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

TTE

Energy industry group

0.90

Max: 5.40
Q3: 2.85
Median: 1.69
TTE: 0.90
Q1: 0.88
Min: 0.00

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Cenovus Energy (CVE) at 1.98 and TotalEnergies (TTE) at 1.46 are valued close to their industries’ norm against book — neither stands out from peers.

CVE

Energy industry group

1.98

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

TTE

Energy industry group

1.46

Max: 4.21
Q3: 2.38
Median: 1.51
TTE: 1.46
Q1: 1.08
Min: 0.01

Cenovus Energy (CVE) vs. TotalEnergies (TTE): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Cenovus Energy (CVE) and TotalEnergies (TTE)
Metric	CVE	TTE
P/E Ratio (TTM)	10.56	8.76
P/S Ratio (TTM)	0.88	0.90
P/B Ratio (MRQ)	1.98	1.46
Free Cash Flow Yield (TTM)	20.71%	7.25%