CVE.TO Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	82.53B EUR	65.08B EUR	69.1B EUR	43.73B EUR
Enterprise Value	91.04B EUR	73.55B EUR	80.27B EUR	55.2B EUR
Valuation Multiples
Trailing P/E	12.47x	9.77x	14.89x	14.24x
Forward P/E	11.78x	--	--	--
Price to Sales	1.53x	1.09x	1.29x	1.09x
Price to Book	2.41x	1.9x	2.12x	1.38x
EV/Revenue	1.69x	1.23x	1.5x	1.38x
EV/EBITDA	6.35x	4.82x	7.07x	7.4x
Price to FCF (P/FCF)	15.07x	8.71x	16.27x	13.52x
EV/FCF	16.63x	9.84x	18.91x	17.06x
FCF Yield	6.63%	11.48%	6.15%	7.4%