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 16.08 is considered Overvalued compared with the five-year average of 10.13. The fair price of Canadian Natural Resources Ltd (CNQ) is between 17.36 to 26.76 according to relative valuation methord. Compared to the current price of 31.59 USD , Canadian Natural Resources Ltd is Overvalued By 18.06%.
Relative Value
Fair Zone
17.36-26.76
Current Price：31.59
18.06%
Overvalued
16.08
PE
1Y
3Y
5Y
7.01
EV/EBITDA
Canadian Natural Resources Ltd. (CNQ) has a current EV/EBITDA of 7.01. The 5-year average EV/EBITDA is 5.43. The thresholds are as follows: Strongly Undervalued below 3.42, Undervalued between 3.42 and 4.42, Fairly Valued between 6.43 and 4.42, Overvalued between 6.43 and 7.44, and Strongly Overvalued above 7.44. The current Forward EV/EBITDA of 7.01 falls within the Overvalued range.
15.90
EV/EBIT
Canadian Natural Resources Ltd. (CNQ) has a current EV/EBIT of 15.90. The 5-year average EV/EBIT is 8.12. The thresholds are as follows: Strongly Undervalued below 4.03, Undervalued between 4.03 and 6.08, Fairly Valued between 10.17 and 6.08, Overvalued between 10.17 and 12.22, and Strongly Overvalued above 12.22. The current Forward EV/EBIT of 15.90 falls within the Strongly Overvalued range.
2.59
PS
Canadian Natural Resources Ltd. (CNQ) has a current PS of 2.59. The 5-year average PS is 2.33. The thresholds are as follows: Strongly Undervalued below 1.45, Undervalued between 1.45 and 1.89, Fairly Valued between 2.76 and 1.89, Overvalued between 2.76 and 3.20, and Strongly Overvalued above 3.20. The current Forward PS of 2.59 falls within the Historic Trend Line -Fairly Valued range.
6.81
P/OCF
Canadian Natural Resources Ltd. (CNQ) has a current P/OCF of 6.81. The 5-year average P/OCF is 5.48. The thresholds are as follows: Strongly Undervalued below 2.79, Undervalued between 2.79 and 4.14, Fairly Valued between 6.83 and 4.14, Overvalued between 6.83 and 8.18, and Strongly Overvalued above 8.18. The current Forward P/OCF of 6.81 falls within the Historic Trend Line -Fairly Valued range.
12.57
P/FCF
Canadian Natural Resources Ltd. (CNQ) has a current P/FCF of 12.57. The 5-year average P/FCF is 8.81. The thresholds are as follows: Strongly Undervalued below 2.94, Undervalued between 2.94 and 5.88, Fairly Valued between 11.75 and 5.88, Overvalued between 11.75 and 14.68, and Strongly Overvalued above 14.68. The current Forward P/FCF of 12.57 falls within the Overvalued range.
Canadian Natural Resources Ltd (CNQ) has a current Price-to-Book (P/B) ratio of 2.43. Compared to its 3-year average P/B ratio of 2.37 , the current P/B ratio is approximately 2.38% higher. Relative to its 5-year average P/B ratio of 2.16, the current P/B ratio is about 12.37% higher. Canadian Natural Resources Ltd (CNQ) has a Forward Free Cash Flow (FCF) yield of approximately 8.28%. Compared to its 3-year average FCF yield of 10.29%, the current FCF yield is approximately -19.52% lower. Relative to its 5-year average FCF yield of 10.71% , the current FCF yield is about -22.69% lower.
2.43
P/B
Median3y
2.37
Median5y
2.16
8.28
FCF Yield
Median3y
10.29
Median5y
10.71
Competitors Valuation Multiple
The average P/S ratio for CNQ's competitors is 1.57, providing a benchmark for relative valuation. Canadian Natural Resources Ltd Corp (CNQ) exhibits a P/S ratio of 2.59, which is 65.08% above the industry average. Given its robust revenue growth of 7.01%, this premium appears unsustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of CNQ increased by 4.09% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 8.64 to 14.89.
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.
People Also Watch
CARR
Carrier Global Corp
52.57USD
-1.74%
MFG
Mizuho Financial Group Inc
7.78USD
0.13%
ADSK
Autodesk Inc
293.79USD
0.21%
NTES
NetEase Inc
141.55USD
-3.11%
BNS
Bank of Nova Scotia
72.03USD
-0.26%
SLB
Slb NV
42.37USD
-2.89%
CSX
CSX Corp
35.05USD
-2.83%
TFC
Truist Financial Corp
50.58USD
-1.17%
OKE
ONEOK Inc
70.72USD
-0.21%
RCL
Royal Caribbean Cruises Ltd
302.42USD
1.57%
Frequently Asked Questions
Is Canadian Natural Resources Ltd (CNQ) currently overvalued or undervalued?
Canadian Natural Resources Ltd (CNQ) is now in the Overvalued zone, suggesting that its current forward PE ratio of 16.08 is considered Overvalued compared with the five-year average of 10.13. The fair price of Canadian Natural Resources Ltd (CNQ) is between 17.36 to 26.76 according to relative valuation methord. Compared to the current price of 31.59 USD , Canadian Natural Resources Ltd is Overvalued By 18.06% .
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 17.36 to 26.76 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 1.57, providing a benchmark for relative valuation. Canadian Natural Resources Ltd Corp (CNQ) exhibits a P/S ratio of 2.59, which is 65.08% 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 Jan 07 2026?
As of Jan 07 2026, Canadian Natural Resources Ltd (CNQ) has a P/B ratio of 2.43. This indicates that the market values CNQ at 2.43 times its book value.
What is the current FCF Yield for Canadian Natural Resources Ltd (CNQ) as of Jan 07 2026?
As of Jan 07 2026, Canadian Natural Resources Ltd (CNQ) has a FCF Yield of 8.28%. This means that for every dollar of Canadian Natural Resources Ltd’s market capitalization, the company generates 8.28 cents in free cash flow.
What is the current Forward P/E ratio for Canadian Natural Resources Ltd (CNQ) as of Jan 07 2026?
As of Jan 07 2026, Canadian Natural Resources Ltd (CNQ) has a Forward P/E ratio of 16.08. This means the market is willing to pay $16.08 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 Jan 07 2026?
As of Jan 07 2026, Canadian Natural Resources Ltd (CNQ) has a Forward P/S ratio of 2.59. This means the market is valuing CNQ at $2.59 for every dollar of expected revenue over the next 12 months.