CNQ PE Ratio & Valuation,Is CNQ Overvalued

CNQ Relative Valuation

CNQ's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CNQ is overvalued; if below, it's undervalued.

Historical Valuation

Canadian Natural Resources Ltd (CNQ) is now in the Overvalued zone, suggesting that its current forward PE ratio of 13.67 is considered Overvalued compared with the five-year average of 10.14. The fair price of Canadian Natural Resources Ltd (CNQ) is between 19.55 to 31.06 according to relative valuation methord. Compared to the current price of 31.39 USD , Canadian Natural Resources Ltd is Overvalued By 1.09%.

Relative Value

Fair Zone

19.55-31.06

Current Price：31.39

1.09%

Overvalued

13.47

6.34

EV/EBITDA

Canadian Natural Resources Ltd. (CNQ) has a current EV/EBITDA of 6.34. The 5-year average EV/EBITDA is 5.41. The thresholds are as follows: Strongly Undervalued below 3.42, Undervalued between 3.42 and 4.41, Fairly Valued between 6.41 and 4.41, Overvalued between 6.41 and 7.41, and Strongly Overvalued above 7.41. The current Forward EV/EBITDA of 6.34 falls within the Historic Trend Line -Fairly Valued range.

9.66

EV/EBIT

Canadian Natural Resources Ltd. (CNQ) has a current EV/EBIT of 9.66. The 5-year average EV/EBIT is 8.07. The thresholds are as follows: Strongly Undervalued below 3.93, Undervalued between 3.93 and 6.00, Fairly Valued between 10.14 and 6.00, Overvalued between 10.14 and 12.21, and Strongly Overvalued above 12.21. The current Forward EV/EBIT of 9.66 falls within the Historic Trend Line -Fairly Valued range.

2.45

Canadian Natural Resources Ltd. (CNQ) has a current PS of 2.45. The 5-year average PS is 2.32. The thresholds are as follows: Strongly Undervalued below 1.43, Undervalued between 1.43 and 1.87, Fairly Valued between 2.76 and 1.87, Overvalued between 2.76 and 3.21, and Strongly Overvalued above 3.21. The current Forward PS of 2.45 falls within the Historic Trend Line -Fairly Valued range.

6.46

P/OCF

Canadian Natural Resources Ltd. (CNQ) has a current P/OCF of 6.46. The 5-year average P/OCF is 5.49. The thresholds are as follows: Strongly Undervalued below 2.71, Undervalued between 2.71 and 4.10, Fairly Valued between 6.88 and 4.10, Overvalued between 6.88 and 8.28, and Strongly Overvalued above 8.28. The current Forward P/OCF of 6.46 falls within the Historic Trend Line -Fairly Valued range.

11.42

P/FCF

Canadian Natural Resources Ltd. (CNQ) has a current P/FCF of 11.42. The 5-year average P/FCF is 8.76. The thresholds are as follows: Strongly Undervalued below 2.92, Undervalued between 2.92 and 5.84, Fairly Valued between 11.67 and 5.84, Overvalued between 11.67 and 14.59, and Strongly Overvalued above 14.59. The current Forward P/FCF of 11.42 falls within the Historic Trend Line -Fairly Valued range.

Canadian Natural Resources Ltd (CNQ) has a current Price-to-Book (P/B) ratio of 2.30. Compared to its 3-year average P/B ratio of 2.37 , the current P/B ratio is approximately -2.89% higher. Relative to its 5-year average P/B ratio of 2.15, the current P/B ratio is about 6.99% higher. Canadian Natural Resources Ltd (CNQ) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 10.43%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 10.70% , the current FCF yield is about -100.00% lower.

2.22

P/B

Median3y

2.37

Median5y

2.15

8.74

FCF Yield

Median3y

10.43

Median5y

10.70

Competitors Valuation Multiple

The average P/S ratio for CNQ's competitors is 0.65, providing a benchmark for relative valuation. Canadian Natural Resources Ltd Corp (CNQ) exhibits a P/S ratio of , which is -100% above the industry average. Given its robust revenue growth of 7.01%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of CNQ increased by 2.49% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 7.96 to 13.58.

The secondary factor is the Revenue Growth, contributed 7.01%to the performance.

Overall, the performance of CNQ in the past 1 year is driven by P/E Change. Which is more unsustainable.

7.01%

8.89B → 9.52B

Revenue Growth

-75.24%

25.48 → 6.31

Margin Expansion

70.72%

7.96 → 13.58

P/E Change

2.49%

30.49 → 31.25

Mkt Cap Growth

People Also Watch

Frequently Asked Questions

Is Canadian Natural Resources Ltd (CNQ) currently overvalued or undervalued?

What is Canadian Natural Resources Ltd (CNQ) fair value?

CNQ's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Canadian Natural Resources Ltd (CNQ) is between 19.55 to 31.06 according to relative valuation methord.

How does CNQ's valuation metrics compare to the industry average?

The average P/S ratio for CNQ's competitors is 0.65, providing a benchmark for relative valuation. Canadian Natural Resources Ltd Corp (CNQ) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 7.01%, this premium appears unsustainable.

What is the current P/B ratio for Canadian Natural Resources Ltd (CNQ) as of Dec 17 2025?

As of Dec 17 2025, Canadian Natural Resources Ltd (CNQ) has a P/B ratio of 2.30. This indicates that the market values CNQ at 2.30 times its book value.

What is the current FCF Yield for Canadian Natural Resources Ltd (CNQ) as of Dec 17 2025?

As of Dec 17 2025, Canadian Natural Resources Ltd (CNQ) has a FCF Yield of 0.00%. This means that for every dollar of Canadian Natural Resources Ltd’s market capitalization, the company generates 0.00 cents in free cash flow.

What is the current Forward P/E ratio for Canadian Natural Resources Ltd (CNQ) as of Dec 17 2025?

As of Dec 17 2025, Canadian Natural Resources Ltd (CNQ) has a Forward P/E ratio of 13.67. This means the market is willing to pay $13.67 for every dollar of Canadian Natural Resources Ltd’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for Canadian Natural Resources Ltd (CNQ) as of Dec 17 2025?

As of Dec 17 2025, Canadian Natural Resources Ltd (CNQ) has a Forward P/S ratio of 0.00. This means the market is valuing CNQ at $0.00 for every dollar of expected revenue over the next 12 months.

CNQ Valuation