Ovintiv Inc (OVV) Fair Value & Analysis
Energy · US · Market cap $15.9B · ISIN US69047Q1022
What is Ovintiv Inc really worth?
Ovintiv Inc
OVV · US
Below-average quality, and trading another 31% above our fair value of $50.32.
Strengths
Risks
For context
Fair value as of: Sep 3, 2026
From 24 valuation models · updated yesterday
Share price +8.5% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range ($36.99 to $69.01) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.
How to read this chart
60‑month range $20.01 – $66.91 · fair‑value band $36.99 – $69.01 · the $65.91 price screens above the $50.32 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 3, 2026.
Analysis
Ovintiv Inc (OVV) currently trades at $65.91, while our model-based Fair Value estimate is $50.32, implying the stock looks roughly 31.0% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Energy sector. Bull case: the Multiples group reads highest at a median of $51.79 per share, and 2 of the 24 models we run sit above the $65.91 price. Bear case: the Dividend Discount group reads lowest at $11.01, and 22 of the 24 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Ovintiv Inc generated revenue of $8.9B at a net margin of 8.7%. Revenue grew 8.5% year over year. It earns a return on equity of 7.1%. Net debt stands at $7.5B. Fundamentals as of Sep 3, 2026
Our scenario range runs from $36.99 (bear case) to $69.01 (bull case); at $65.91, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 88% above its 52-week low, currently above its 200-day average. For context, the median of 10 Energy peers we cover trades at −35% fair-value upside, at −24%, OVV screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.25 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 24 models by family
Widest divergence: Multiples ($51.79) versus Dividend Discount ($11.01). Highest evidence: FCF DCF (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 81
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments.
Full company description
Ovintiv Inc., together with its subsidiaries, operates as an oil and natural gas exploration and production company in North America. The company operates through USA Operations and Canadian Operations segments. It is involved in the exploration, development, production, and marketing of oil, NGLs, natural gas and other related activities in the Permian in West Texas and Anadarko in West-central Oklahoma in the United States, as well as in northwest Alberta and northeast British Columbia. The company was formerly known as Encana Corporation and changed its name to Ovintiv Inc. in January 2020. Ovintiv Inc. was incorporated in 2020 and is based in Denver, Colorado.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Ovintiv Inc reported revenue of $8.7B in FY2025 versus $8.7B in FY2021, a compound +0.2%/yr. Reported net income was $1.2B in FY2025, compounding −3.2%/yr from FY2021.
OVV screens 31% overvalued. Compare with CNOOC Limited →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Ovintiv Expands Drilling Inventory With $460 Million Deal Spree
- Ovintiv Announces Permian and Montney Inventory Additions
- Ovintiv Stock Up 62% in a Year: Should Investors Buy or Hold?
- Married Puts: The FOMO-Proof Way to Play OVV, ONON, and FCX’s Unusually Active Options
Peer Group
Oil & Gas E&P · 296 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Oil & Gas E&P median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Insider activity: 44/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| CNOOC Limited 600938 | ¥32.85 | ¥32.55 | −1% |
| ConocoPhillips explores for, COP | $130.35 | $90.15 | −31% |
| Canadian Natural Resources Limited CNQ | C$69.03 | C$44.78 | −35% |
| EOG Resources, Inc EOG | $143.35 | $132.20 | −8% |
| Occidental Petroleum Corporation OXY | $59.17 | $30.06 | −49% |
| Diamondback Energy, Inc FANG | $200.52 | $105.24 | −48% |
| Devon Energy Corporation DVN | $47.35 | $27.06 | −43% |
| Woodside Energy Group WDS | A$32.55 | A$20.71 | −36% |
| EQT Corporation EQT | $54.57 | $42.85 | −21% |
| Texas Pacific Land Corporation TPL | $366.50 | $77.26 | −79% |
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