Basis: Current FMP quote-based enterprise value / four-quarter operating income. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBIT ratio high or low?
The EV/EBIT ratio of 10.70x is 14% above its estimated 5-year average of 9.38x, around the middle of its estimated 5-year range (4.66x–16.49x).
As of 2026-09-10T20:00:02.000Z. 5.93% below its estimated 12-month average of 11.37x.
Quote observation: 2026-09-10T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: bd00ee83e55b5526f9618e6689149ec723ebf19db9a2d7c84201b20e48a38af4
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-09.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBIT RATIO
10.70x
EV/EBIT RATIO AVG TTM
11.37x
EV/EBIT RATIO AVG 3Y
11.28x
EV/EBIT RATIO AVG 5Y
9.38x
EV/EBIT RATIO AVG 10Y
11.34x
EV/EBIT RATIO AVG 15Y
12.28x
EV/EBIT RATIO AVG 20Y
12.98x
CURRENT VS TTM AVG
-5.93%
CURRENT VS 3Y AVG
-5.12%
CURRENT VS 5Y AVG
+14.05%
CURRENT VS 10Y AVG
-5.62%
CURRENT VS 15Y AVG
-12.89%
CURRENT VS 20Y AVG
-17.55%
SECTOR MEDIAN · ENERGY
13.85x
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
-22.74%
vs the sector median at left
Canadian Natural Resources Limited
Market Cap
$105.95B
EV/EBIT Ratio
10.70x
TTM Avg
11.37x
3Y Avg
11.28x
5Y Avg
9.38x
Market Cap
$110.98B
EV/EBIT Ratio
11.43x
TTM Avg
27.47x
3Y Avg
18.37x
5Y Avg
56.06x
Market Cap
$114.56B
EV/EBIT Ratio
11.52x
TTM Avg
17.20x
3Y Avg
11.80x
5Y Avg
14.70x
Market Cap
$89.07B
EV/EBIT Ratio
24.33x
TTM Avg
26.66x
3Y Avg
23.64x
5Y Avg
23.11x
Market Cap
$85.09B
EV/EBIT Ratio
15.67x
TTM Avg
15.45x
3Y Avg
14.12x
5Y Avg
13.85x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $105.95B | 10.70x | 11.37x | 11.28x | 9.38x |
| Phillips 66 (PSX)vs › | $103.65B | 11.72x | 43.50x | 43.77x | 45.98x |
| Valero Energy Corporation (VLO)vs › | $110.98B | 11.43x | 27.47x | 18.37x | 56.06x |
| Marathon Petroleum Corporation (MPC)vs › | $114.56B | 11.52x | 17.20x | 11.80x | 14.70x |
| The Williams Companies, Inc. (WMB)vs › | $89.07B | 24.33x | 26.66x | 23.64x | 23.11x |
| Enterprise Products Partners L.P. (EPD)vs › | $85.09B | 15.67x | 15.45x | 14.12x | 13.85x |
| Slb N.V. (SLB)vs › | $83.13B | 19.12x | 14.56x | 13.42x | 17.06x |
| Eni S.p.A. (E)vs › | $81.74B | 23.97x | 20.58x | 12.90x | 9.80x |
| Suncor Energy Inc. (SU)vs › | $81.39B | 7.56x | 6.82x | 5.37x | 4.97x |
| EOG Resources, Inc. (EOG)vs › | $78.54B | 7.84x | 8.94x | 8.07x | 9.07x |
EV/EBIT = Enterprise Value / EBIT (TTM)
Enterprise value to EBIT compares total company value to operating earnings, accounting for depreciation unlike EV/EBITDA.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBIT RATIO |
|---|---|
| 2026-09-09 | 10.83x |
| 2026-09-08 | 10.74x |
| 2026-09-04 | 10.66x |
| 2026-09-03 | 10.79x |
| 2026-09-02 | 10.92x |
| 2026-09-01 | 10.92x |
| 2026-08-31 | 10.58x |
| 2026-08-28 | 10.37x |
| 2026-08-27 | 10.52x |
| 2026-08-26 | 10.50x |
| 2026-08-25 | 10.49x |
| 2026-08-24 | 10.70x |
| 2026-08-21 | 10.84x |
| 2026-08-20 | 10.77x |
| 2026-08-19 | 10.47x |
| 2026-08-18 | 10.49x |
| 2026-08-17 | 10.43x |
| 2026-08-14 | 10.18x |
| 2026-08-13 | 10.11x |
| 2026-08-12 | 10.10x |
| 2026-08-11 | 10.11x |
| 2026-08-10 | 10.04x |
| 2026-08-07 | 9.70x |
| 2026-08-06 | 13.32x |
| 2026-08-05 | 13.14x |
| 2026-08-04 | 13.52x |
| 2026-08-03 | 13.56x |
| 2026-07-31 | 13.91x |
| 2026-07-30 | 13.81x |
| 2026-07-29 | 13.59x |
| 2026-07-28 | 12.99x |
| 2026-07-27 | 13.15x |
| 2026-07-24 | 13.58x |
| 2026-07-23 | 13.74x |
| 2026-07-22 | 13.42x |
| 2026-07-21 | 13.18x |
| 2026-07-20 | 12.92x |
| 2026-07-17 | 12.91x |
| 2026-07-16 | 12.63x |
| 2026-07-15 | 12.60x |
| 2026-07-14 | 12.57x |
| 2026-07-13 | 12.68x |
| 2026-07-10 | 12.36x |
| 2026-07-09 | 12.37x |
| 2026-07-08 | 12.52x |
| 2026-07-07 | 12.06x |
| 2026-07-06 | 11.70x |
| 2026-07-02 | 11.78x |
| 2026-07-01 | 11.59x |
| 2026-06-30 | 11.74x |
| 2026-06-29 | 11.69x |
| 2026-06-26 | 11.74x |
| 2026-06-25 | 11.77x |
| 2026-06-24 | 11.71x |
| 2026-06-23 | 12.15x |
| 2026-06-22 | 12.35x |
| 2026-06-18 | 12.15x |
| 2026-06-17 | 12.52x |
| 2026-06-16 | 12.75x |
| 2026-06-15 | 12.94x |
| 2026-06-12 | 13.28x |
| 2026-06-11 | 13.32x |
| 2026-06-10 | 13.34x |
| 2026-06-09 | 13.15x |
| 2026-06-08 | 13.54x |
| 2026-06-05 | 13.39x |
| 2026-06-04 | 13.91x |
| 2026-06-03 | 13.92x |
| 2026-06-02 | 13.79x |
| 2026-06-01 | 13.46x |
| 2026-05-29 | 13.30x |
| 2026-05-28 | 13.42x |
| 2026-05-27 | 13.40x |
| 2026-05-26 | 13.69x |
| 2026-05-22 | 14.16x |
| 2026-05-21 | 14.18x |
| 2026-05-20 | 14.21x |
| 2026-05-19 | 14.38x |
| 2026-05-18 | 14.25x |
| 2026-05-15 | 13.99x |
| 2026-05-14 | 13.88x |
| 2026-05-13 | 13.79x |
| 2026-05-12 | 13.71x |
| 2026-05-11 | 13.25x |
| 2026-05-08 | 13.08x |
| 2026-05-07 | 13.00x |
| 2026-05-06 | 13.23x |
| 2026-05-05 | 13.79x |
| 2026-05-04 | 13.72x |
| 2026-05-01 | 13.56x |
| 2026-04-30 | 13.75x |
| 2026-04-29 | 13.63x |
| 2026-04-28 | 13.41x |
| 2026-04-27 | 13.07x |
| 2026-04-24 | 12.87x |
| 2026-04-23 | 13.17x |
| 2026-04-22 | 12.98x |
| 2026-04-21 | 12.88x |
| 2026-04-20 | 12.64x |
| 2026-04-17 | 12.56x |
| 2026-04-16 | 13.40x |
| 2026-04-15 | 13.26x |
| 2026-04-14 | 13.23x |
| 2026-04-13 | 13.53x |
| 2026-04-10 | 13.41x |
| 2026-04-09 | 13.24x |
| 2026-04-08 | 13.43x |
| 2026-04-07 | 14.12x |
| 2026-04-06 | 13.89x |
| 2026-04-02 | 13.71x |
| 2026-04-01 | 13.46x |
| 2026-03-31 | 14.01x |
| 2026-03-30 | 14.17x |
| 2026-03-27 | 14.35x |
| 2026-03-26 | 14.00x |
| 2026-03-25 | 13.04x |
| 2026-03-24 | 13.00x |
| 2026-03-23 | 12.85x |
| 2026-03-20 | 13.00x |
| 2026-03-19 | 13.36x |
| 2026-03-18 | 13.02x |
| 2026-03-17 | 12.99x |
| 2026-03-16 | 12.94x |
| 2026-03-13 | 12.86x |
| 2026-03-12 | 12.89x |
| 2026-03-11 | 12.58x |
| 2026-03-10 | 12.22x |
| 2026-03-09 | 12.34x |
| 2026-03-06 | 12.36x |
| 2026-03-05 | 12.12x |
| 2026-03-04 | 11.85x |
| 2026-03-03 | 11.84x |
| 2026-03-02 | 11.90x |
| 2026-02-27 | 11.76x |
| 2026-02-26 | 11.60x |
| 2026-02-25 | 11.47x |
| 2026-02-24 | 11.48x |
| 2026-02-23 | 11.42x |
| 2026-02-20 | 11.43x |
| 2026-02-19 | 11.46x |
| 2026-02-18 | 11.26x |
| 2026-02-17 | 11.01x |
| 2026-02-13 | 11.03x |
| 2026-02-12 | 10.86x |
| 2026-02-11 | 11.02x |
| 2026-02-10 | 10.65x |
| 2026-02-09 | 10.67x |
| 2026-02-06 | 10.65x |
| 2026-02-05 | 10.37x |
| 2026-02-04 | 10.52x |
| 2026-02-03 | 10.27x |
| 2026-02-02 | 10.04x |
| 2026-01-30 | 10.21x |
| 2026-01-29 | 10.36x |
| 2026-01-28 | 10.18x |
| 2026-01-27 | 10.08x |
| 2026-01-26 | 9.93x |
| 2026-01-23 | 9.95x |
| 2026-01-22 | 9.80x |
| 2026-01-21 | 9.91x |
| 2026-01-20 | 9.55x |
| 2026-01-16 | 9.53x |
| 2026-01-15 | 9.47x |
| 2026-01-14 | 9.59x |
| 2026-01-13 | 9.25x |
| 2026-01-12 | 9.05x |
| 2026-01-09 | 8.99x |
| 2026-01-08 | 8.87x |
| 2026-01-07 | 8.64x |
| 2026-01-06 | 8.88x |
| 2026-01-05 | 9.03x |
| 2026-01-02 | 9.52x |
| 2025-12-31 | 9.41x |
| 2025-12-30 | 9.43x |
| 2025-12-29 | 9.26x |
| 2025-12-26 | 9.16x |
| 2025-12-24 | 9.20x |
| 2025-12-23 | 9.17x |
| 2025-12-22 | 9.05x |
| 2025-12-19 | 8.95x |
| 2025-12-18 | 8.85x |
| 2025-12-17 | 8.94x |
| 2025-12-16 | 8.80x |
| 2025-12-15 | 9.07x |
| 2025-12-12 | 9.21x |
| 2025-12-11 | 9.24x |
| 2025-12-10 | 9.38x |
| 2025-12-09 | 9.38x |
| 2025-12-08 | 9.46x |
| 2025-12-05 | 9.60x |
| 2025-12-04 | 9.56x |
| 2025-12-03 | 9.48x |
| 2025-12-02 | 9.34x |
| 2025-12-01 | 9.46x |
| 2025-11-28 | 9.39x |
| 2025-11-26 | 9.29x |
| 2025-11-25 | 9.27x |
| 2025-11-24 | 9.19x |
| 2025-11-21 | 9.31x |
| 2025-11-20 | 9.44x |
| 2025-11-19 | 9.45x |
| 2025-11-18 | 9.46x |
| 2025-11-17 | 9.29x |
| 2025-11-14 | 9.35x |
| 2025-11-13 | 9.10x |
| 2025-11-12 | 9.08x |
| 2025-11-11 | 9.07x |
| 2025-11-10 | 8.97x |
| 2025-11-07 | 8.89x |
| 2025-11-06 | 10.23x |
| 2025-11-05 | 10.33x |
| 2025-11-04 | 10.19x |
| 2025-11-03 | 10.36x |
| 2025-10-31 | 10.37x |
| 2025-10-30 | 10.35x |
| 2025-10-29 | 10.41x |
| 2025-10-28 | 10.18x |
| 2025-10-27 | 10.23x |
| 2025-10-24 | 10.17x |
| 2025-10-23 | 10.16x |
| 2025-10-22 | 9.92x |
| 2025-10-21 | 9.80x |
| 2025-10-20 | 9.85x |
| 2025-10-17 | 9.86x |
| 2025-10-16 | 9.88x |
| 2025-10-15 | 10.05x |
| 2025-10-14 | 10.07x |
| 2025-10-13 | 10.26x |
| 2025-10-10 | 10.20x |
| 2025-10-09 | 10.56x |
| 2025-10-08 | 10.54x |
| 2025-10-07 | 10.57x |
| 2025-10-06 | 10.49x |
| 2025-10-03 | 10.32x |
| 2025-10-02 | 10.21x |
| 2025-10-01 | 10.30x |
| 2025-09-30 | 10.36x |
| 2025-09-29 | 10.45x |
| 2025-09-26 | 10.55x |
| 2025-09-25 | 10.49x |
| 2025-09-24 | 10.58x |
| 2025-09-23 | 10.40x |
| 2025-09-22 | 10.40x |
| 2025-09-19 | 10.25x |
| 2025-09-18 | 10.51x |
| 2025-09-17 | 10.57x |
| 2025-09-16 | 10.62x |
| 2025-09-15 | 10.37x |
| 2025-09-12 | 10.14x |
| 2025-09-11 | 10.15x |
| 2025-09-10 | 10.15x |
| 2025-09-09 | 10.06x |
| 2025-09-08 | 9.90x |
| 2025-09-05 | 9.92x |
| 2025-09-04 | 10.19x |
| 2025-09-03 | 10.16x |
| 2025-09-02 | 10.37x |
| 2025-08-29 | 10.27x |
| 2025-08-28 | 10.23x |
| 2025-08-27 | 10.17x |
Showing the most recent 260 of 4,653 data points. The chart above shows the full history.
