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STOCK COMPARISON

Cnooc vs Ovintiv: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cnooc (0883) and Ovintiv (OVV) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$25.06 versus a fair value of HK$26.54 (+6%), while Ovintiv trades at $65.91 versus $50.32 (-24%).
Cnooc
0883.HK · HKD · Energy
+6%
upside to fair value
fairly valued
PriceHK$25.06
Fair ValueHK$26.54
Quality63/100
Ovintiv
OVV · USD · Energy
-24%
upside to fair value
overvalued
Price$65.91
Fair Value$50.32
Quality49/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

CnoocOvintiv
Valuation
7.7×P/E (TTM)18.6×
2.67×P/S (TTM)1.79×
1.35×P/B1.42×
4.3×EV/EBITDA4.6×
0.16×PEG1.85×
+5.9%Fair value upside−23.7%
4.6%Dividend yield1.8%
HK$1.15Dividend per share$1.20
Profitability
45%Operating margin29%
2.05×EBIT margin trend (5Y)
15%Return on equity7%
9%Return on assets6%
Growth
9%Revenue growth (YoY)9%
-3.7%Avg. growth/yr (3Y)-11.2%
20.0%Avg. growth/yr (5Y)7.5%
+17.4%Value creation/yr+24.2%
Balance & size
65.7×Interest coverage (EBIT/interest)5.0×
0.07×Debt / equity0.39×
$139BMarket cap$16B
weakGrowth qualityweak

Cnooc leads: 12 to 2 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Cnoocof which business quality 64 · market factors 63 Ovintivof which business quality 50 · market factors 81
ProfitabilityMargins and returns on capital today
55
40
Quality GrowthAre margins and returns improving?
36
16
CashflowEarnings quality: real cash, not paper profit
76
71
Fin. StrengthBalance sheet, leverage, solvency risk
84
47
InvestmentDisciplined investing over empire-building
40
27
Low VolatilityCalm price path (market factor)
83
75
MomentumPrice trend over the last 3–12 months (market factor)
47
75
52W MomentumDistance to the 52-week high (market factor)
69
100
Net IssuanceBuybacks instead of dilution
79
91

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCnoocPrice HK$25.06OvintivPrice $65.91
DCF Models+65%above the priceHK$41.36-28%below the price$47.70
Earnings-Based+11%close to the priceHK$27.87-30%below the price$46.16
Dividend Discount+1%close to the priceHK$25.25-82%below the price$11.94
Multiples+33%above the priceHK$33.44-14%close to the price$56.83
Asset-Based-52%below the priceHK$12.08-60%below the price$26.69
Growth DCF+33%above the priceHK$33.29-31%below the price$45.72
Economic Profit+30%above the priceHK$32.53-28%below the price$47.34
Growth Earnings+34%above the priceHK$33.61-28%below the price$47.70
Minimum-52%below the priceHK$12.08-82%below the price$11.94
Maximum+65%above the priceHK$41.36-14%close to the price$56.83
Median+31%above the priceHK$32.91-29%below the price$46.75
Geometric mean+13%close to the priceHK$28.44-43%below the price$37.74

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Cnooc: 10 of 26 models see the stock below the current price.

Ovintiv: 22 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Cnooc
Bear HK$19.94Fair Value HK$26.54Bull HK$33.98
HK$25.06 = current price (white tick)
Ovintiv
Bear $36.99Fair Value $50.32Bull $69.01
$65.91 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Cnooc · Energy

Quality score63 · Top 25%
Fair value upside+6% · above median

Ovintiv · Energy

Quality score49 · below median
Fair value upside-24% · above median

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$25.06 versus a fair value of HK$26.54 (+6%), while Ovintiv trades at $65.91 versus $50.32 (-24%).

Cnooc has the higher quality score (63/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.