Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 3.32x is 23% above its estimated 5-year average of 2.70x, around the middle of its estimated 5-year range (1.74x–4.21x).
As of 2026-09-11T20:50:57.722Z. 6.00% above its estimated 12-month average of 3.13x.
Calculation as of: 2026-09-11T20:50:57.722Z.
Quote observation: 2026-09-11T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 36b1f78b44061052e0f3e3f3852bc06a948014710d3949b63b0fe9c0795a5a27
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 2026-09-10.
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/SALES RATIO
3.32x
EV/SALES RATIO AVG TTM
3.13x
EV/SALES RATIO AVG 3Y
2.82x
EV/SALES RATIO AVG 5Y
2.70x
EV/SALES RATIO AVG 10Y
3.01x
EV/SALES RATIO AVG 15Y
2.83x
EV/SALES RATIO AVG 20Y
3.23x
CURRENT VS TTM AVG
+6.00%
CURRENT VS 3Y AVG
+17.69%
CURRENT VS 5Y AVG
+22.86%
CURRENT VS 10Y AVG
+10.36%
CURRENT VS 15Y AVG
+17.27%
CURRENT VS 20Y AVG
+2.71%
SECTOR MEDIAN · ENERGY
2.70x
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+22.96%
vs the sector median at left
Canadian Natural Resources Limited
Market Cap
$104.43B
EV/Sales Ratio
3.32x
TTM Avg
3.13x
3Y Avg
2.82x
5Y Avg
2.70x
Market Cap
$112.41B
EV/Sales Ratio
0.87x
TTM Avg
0.59x
3Y Avg
0.45x
5Y Avg
0.42x
Market Cap
$115.59B
EV/Sales Ratio
0.92x
TTM Avg
0.74x
3Y Avg
0.62x
5Y Avg
0.58x
Market Cap
$89.11B
EV/Sales Ratio
9.81x
TTM Avg
9.58x
3Y Avg
8.36x
5Y Avg
7.32x
Market Cap
$84.16B
EV/Sales Ratio
2.02x
TTM Avg
2.08x
3Y Avg
1.88x
5Y Avg
1.85x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $104.43B | 3.32x | 3.13x | 2.82x | 2.70x |
| Phillips 66 (PSX)vs › | $104.03B | 0.78x | 0.65x | 0.55x | 0.49x |
| Valero Energy Corporation (VLO)vs › | $112.41B | 0.87x | 0.59x | 0.45x | 0.42x |
| Marathon Petroleum Corporation (MPC)vs › | $115.59B | 0.92x | 0.74x | 0.62x | 0.58x |
| The Williams Companies, Inc. (WMB)vs › | $89.11B | 9.81x | 9.58x | 8.36x | 7.32x |
| Enterprise Products Partners L.P. (EPD)vs › | $84.16B | 2.02x | 2.08x | 1.88x | 1.85x |
| Slb N.V. (SLB)vs › | $83.20B | 2.56x | 2.19x | 2.17x | 2.47x |
| Suncor Energy Inc. (SU)vs › | $81.27B | 2.08x | 2.04x | 1.69x | 1.62x |
| Eni S.p.A. (E)vs › | $81.20B | 1.18x | 1.12x | 0.92x | 0.84x |
| EOG Resources, Inc. (EOG)vs › | $78.49B | 3.06x | 3.06x | 2.97x | 2.98x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-10 | 3.37x |
| 2026-09-09 | 3.40x |
| 2026-09-08 | 3.38x |
| 2026-09-04 | 3.35x |
| 2026-09-03 | 3.39x |
| 2026-09-02 | 3.43x |
| 2026-09-01 | 3.43x |
| 2026-08-31 | 3.33x |
| 2026-08-28 | 3.26x |
| 2026-08-27 | 3.31x |
| 2026-08-26 | 3.30x |
| 2026-08-25 | 3.30x |
| 2026-08-24 | 3.36x |
| 2026-08-21 | 3.41x |
| 2026-08-20 | 3.38x |
| 2026-08-19 | 3.29x |
| 2026-08-18 | 3.30x |
| 2026-08-17 | 3.28x |
| 2026-08-14 | 3.20x |
| 2026-08-13 | 3.18x |
| 2026-08-12 | 3.17x |
| 2026-08-11 | 3.18x |
| 2026-08-10 | 3.15x |
| 2026-08-07 | 3.05x |
| 2026-08-06 | 3.56x |
| 2026-08-05 | 3.51x |
| 2026-08-04 | 3.61x |
| 2026-08-03 | 3.63x |
| 2026-07-31 | 3.72x |
| 2026-07-30 | 3.69x |
| 2026-07-29 | 3.63x |
| 2026-07-28 | 3.47x |
| 2026-07-27 | 3.52x |
| 2026-07-24 | 3.63x |
| 2026-07-23 | 3.67x |
| 2026-07-22 | 3.59x |
| 2026-07-21 | 3.52x |
| 2026-07-20 | 3.46x |
| 2026-07-17 | 3.45x |
| 2026-07-16 | 3.38x |
| 2026-07-15 | 3.37x |
| 2026-07-14 | 3.36x |
| 2026-07-13 | 3.39x |
| 2026-07-10 | 3.30x |
| 2026-07-09 | 3.31x |
| 2026-07-08 | 3.35x |
| 2026-07-07 | 3.22x |
| 2026-07-06 | 3.13x |
| 2026-07-02 | 3.15x |
| 2026-07-01 | 3.10x |
| 2026-06-30 | 3.14x |
| 2026-06-29 | 3.13x |
| 2026-06-26 | 3.14x |
| 2026-06-25 | 3.15x |
| 2026-06-24 | 3.13x |
| 2026-06-23 | 3.25x |
| 2026-06-22 | 3.30x |
| 2026-06-18 | 3.25x |
| 2026-06-17 | 3.35x |
| 2026-06-16 | 3.41x |
| 2026-06-15 | 3.46x |
| 2026-06-12 | 3.55x |
| 2026-06-11 | 3.56x |
| 2026-06-10 | 3.57x |
| 2026-06-09 | 3.52x |
| 2026-06-08 | 3.62x |
| 2026-06-05 | 3.58x |
| 2026-06-04 | 3.72x |
| 2026-06-03 | 3.72x |
| 2026-06-02 | 3.69x |
| 2026-06-01 | 3.60x |
| 2026-05-29 | 3.56x |
| 2026-05-28 | 3.59x |
| 2026-05-27 | 3.58x |
| 2026-05-26 | 3.66x |
| 2026-05-22 | 3.79x |
| 2026-05-21 | 3.79x |
| 2026-05-20 | 3.80x |
| 2026-05-19 | 3.84x |
| 2026-05-18 | 3.81x |
| 2026-05-15 | 3.74x |
| 2026-05-14 | 3.71x |
| 2026-05-13 | 3.69x |
| 2026-05-12 | 3.67x |
| 2026-05-11 | 3.54x |
| 2026-05-08 | 3.50x |
| 2026-05-07 | 3.51x |
| 2026-05-06 | 3.57x |
| 2026-05-05 | 3.72x |
| 2026-05-04 | 3.70x |
| 2026-05-01 | 3.66x |
| 2026-04-30 | 3.71x |
| 2026-04-29 | 3.68x |
| 2026-04-28 | 3.62x |
| 2026-04-27 | 3.53x |
| 2026-04-24 | 3.48x |
| 2026-04-23 | 3.56x |
| 2026-04-22 | 3.51x |
| 2026-04-21 | 3.48x |
| 2026-04-20 | 3.41x |
| 2026-04-17 | 3.39x |
| 2026-04-16 | 3.62x |
| 2026-04-15 | 3.58x |
| 2026-04-14 | 3.57x |
| 2026-04-13 | 3.66x |
| 2026-04-10 | 3.62x |
| 2026-04-09 | 3.58x |
| 2026-04-08 | 3.63x |
| 2026-04-07 | 3.81x |
| 2026-04-06 | 3.75x |
| 2026-04-02 | 3.70x |
| 2026-04-01 | 3.64x |
| 2026-03-31 | 3.78x |
| 2026-03-30 | 3.83x |
| 2026-03-27 | 3.88x |
| 2026-03-26 | 3.78x |
| 2026-03-25 | 3.74x |
| 2026-03-24 | 3.73x |
| 2026-03-23 | 3.69x |
| 2026-03-20 | 3.73x |
| 2026-03-19 | 3.84x |
| 2026-03-18 | 3.74x |
| 2026-03-17 | 3.73x |
| 2026-03-16 | 3.72x |
| 2026-03-13 | 3.69x |
| 2026-03-12 | 3.70x |
| 2026-03-11 | 3.61x |
| 2026-03-10 | 3.51x |
| 2026-03-09 | 3.55x |
| 2026-03-06 | 3.55x |
| 2026-03-05 | 3.48x |
| 2026-03-04 | 3.41x |
| 2026-03-03 | 3.40x |
| 2026-03-02 | 3.42x |
| 2026-02-27 | 3.38x |
| 2026-02-26 | 3.33x |
| 2026-02-25 | 3.30x |
| 2026-02-24 | 3.30x |
| 2026-02-23 | 3.28x |
| 2026-02-20 | 3.28x |
| 2026-02-19 | 3.29x |
| 2026-02-18 | 3.23x |
| 2026-02-17 | 3.16x |
| 2026-02-13 | 3.17x |
| 2026-02-12 | 3.12x |
| 2026-02-11 | 3.16x |
| 2026-02-10 | 3.06x |
| 2026-02-09 | 3.06x |
| 2026-02-06 | 3.06x |
| 2026-02-05 | 2.98x |
| 2026-02-04 | 3.02x |
| 2026-02-03 | 2.95x |
| 2026-02-02 | 2.88x |
| 2026-01-30 | 2.93x |
| 2026-01-29 | 2.98x |
| 2026-01-28 | 2.92x |
| 2026-01-27 | 2.90x |
| 2026-01-26 | 2.85x |
| 2026-01-23 | 2.86x |
| 2026-01-22 | 2.82x |
| 2026-01-21 | 2.85x |
| 2026-01-20 | 2.74x |
| 2026-01-16 | 2.74x |
| 2026-01-15 | 2.72x |
| 2026-01-14 | 2.76x |
| 2026-01-13 | 2.66x |
| 2026-01-12 | 2.60x |
| 2026-01-09 | 2.58x |
| 2026-01-08 | 2.55x |
| 2026-01-07 | 2.48x |
| 2026-01-06 | 2.55x |
| 2026-01-05 | 2.59x |
| 2026-01-02 | 2.74x |
| 2025-12-31 | 2.70x |
| 2025-12-30 | 2.71x |
| 2025-12-29 | 2.66x |
| 2025-12-26 | 2.63x |
| 2025-12-24 | 2.64x |
| 2025-12-23 | 2.63x |
| 2025-12-22 | 2.60x |
| 2025-12-19 | 2.57x |
| 2025-12-18 | 2.54x |
| 2025-12-17 | 2.57x |
| 2025-12-16 | 2.53x |
| 2025-12-15 | 2.61x |
| 2025-12-12 | 2.65x |
| 2025-12-11 | 2.66x |
| 2025-12-10 | 2.69x |
| 2025-12-09 | 2.70x |
| 2025-12-08 | 2.72x |
| 2025-12-05 | 2.76x |
| 2025-12-04 | 2.75x |
| 2025-12-03 | 2.72x |
| 2025-12-02 | 2.68x |
| 2025-12-01 | 2.72x |
| 2025-11-28 | 2.70x |
| 2025-11-26 | 2.67x |
| 2025-11-25 | 2.66x |
| 2025-11-24 | 2.64x |
| 2025-11-21 | 2.68x |
| 2025-11-20 | 2.71x |
| 2025-11-19 | 2.71x |
| 2025-11-18 | 2.72x |
| 2025-11-17 | 2.67x |
| 2025-11-14 | 2.68x |
| 2025-11-13 | 2.62x |
| 2025-11-12 | 2.61x |
| 2025-11-11 | 2.60x |
| 2025-11-10 | 2.58x |
| 2025-11-07 | 2.55x |
| 2025-11-06 | 2.51x |
| 2025-11-05 | 2.54x |
| 2025-11-04 | 2.50x |
| 2025-11-03 | 2.54x |
| 2025-10-31 | 2.55x |
| 2025-10-30 | 2.54x |
| 2025-10-29 | 2.55x |
| 2025-10-28 | 2.50x |
| 2025-10-27 | 2.51x |
| 2025-10-24 | 2.49x |
| 2025-10-23 | 2.49x |
| 2025-10-22 | 2.43x |
| 2025-10-21 | 2.40x |
| 2025-10-20 | 2.42x |
| 2025-10-17 | 2.42x |
| 2025-10-16 | 2.42x |
| 2025-10-15 | 2.47x |
| 2025-10-14 | 2.47x |
| 2025-10-13 | 2.52x |
| 2025-10-10 | 2.50x |
| 2025-10-09 | 2.59x |
| 2025-10-08 | 2.59x |
| 2025-10-07 | 2.59x |
| 2025-10-06 | 2.57x |
| 2025-10-03 | 2.53x |
| 2025-10-02 | 2.51x |
| 2025-10-01 | 2.53x |
| 2025-09-30 | 2.54x |
| 2025-09-29 | 2.56x |
| 2025-09-26 | 2.59x |
| 2025-09-25 | 2.58x |
| 2025-09-24 | 2.60x |
| 2025-09-23 | 2.55x |
| 2025-09-22 | 2.55x |
| 2025-09-19 | 2.52x |
| 2025-09-18 | 2.58x |
| 2025-09-17 | 2.59x |
| 2025-09-16 | 2.61x |
| 2025-09-15 | 2.55x |
| 2025-09-12 | 2.49x |
| 2025-09-11 | 2.49x |
| 2025-09-10 | 2.49x |
| 2025-09-09 | 2.47x |
| 2025-09-08 | 2.43x |
| 2025-09-05 | 2.43x |
| 2025-09-04 | 2.50x |
| 2025-09-03 | 2.49x |
| 2025-09-02 | 2.54x |
| 2025-08-29 | 2.52x |
| 2025-08-28 | 2.51x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
