Canadian Natural Resources Limited (CNQ) Valuation
Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)
Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen thr...
Canadian Natural Resources Limited (CNQ) currently trades at a P/E ratio of 9.64 (historical range: 8.57–9.97, median: 9.22), placing it at the 79th percentile — above its historical average, P/S ratio of 2.69 (range: 2.39–2.78, 79th percentile — above its historical average), EV/EBITDA of 14.62 (range: 13.21–15.05, 79th percentile).
Canadian Natural Resources Limited appears overvalued relative to its own historical valuation range, trading at elevated multiples across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 9.64 | 8.57 | 9.22 | 9.97 | 79th | above its historical average |
| P/S Ratio | 2.69 | 2.39 | 2.57 | 2.78 | 79th | above its historical average |
| EV/EBITDA | 14.62 | 13.21 | 14.07 | 15.05 | 79th | above its historical average |