Canadian Natural Resources Limited (CNQ) PB Ratio: 4.13
Is Canadian Natural Resources Limited’s P/B ratio high or low?
Canadian Natural Resources Limited's P/B ratio of 4.13 is 76% above its 5-year average of 2.34, near the high end of its 5-year range (1.31–4.49).
53.17% above its 12-month average of 2.70.
CNQ PB Ratio Chart
CNQ Average PB Ratio Chart
CNQ Current vs Average PB Ratio Chart
CNQ PB Ratio Metrics
PB RATIO
4.13
PB RATIO AVG TTM
2.70
PB RATIO AVG 3Y
2.52
PB RATIO AVG 5Y
2.34
PB RATIO AVG 10Y
1.88
PB RATIO AVG 15Y
1.75
PB RATIO AVG 20Y
1.95
CURRENT VS TTM AVG
+53.17%
CURRENT VS 3Y AVG
+63.59%
CURRENT VS 5Y AVG
+76.19%
CURRENT VS 10Y AVG
+119.81%
CURRENT VS 15Y AVG
+136.49%
CURRENT VS 20Y AVG
+111.64%
CNQ Competitors' PB Ratio
| NAME | MARKET CAP | PB RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $94.82B | 4.13 | 2.70 | 2.52 | 2.34 |
| SLB N.V. (SLB) | $83.72B | 3.24 | 2.58 | 3.11 | 3.37 |
| Marathon Petroleum Corporation (MPC) | $76.14B | 4.59 | 3.57 | 2.91 | 2.51 |
| Valero Energy Corporation (VLO) | $74.95B | 3.19 | 2.40 | 2.00 | 2.02 |
| EOG Resources, Inc. (EOG) | $72.62B | 2.36 | 2.19 | 2.42 | 2.58 |
| Phillips 66 (PSX) | $71.41B | 2.52 | 2.12 | 1.95 | 1.90 |
| ONEOK, Inc. (OKE) | $57.09B | 2.52 | 2.25 | 2.82 | 3.49 |
| Occidental Petroleum Corporation (OXY) | $55.17B | 1.42 | 1.33 | 1.60 | 1.79 |
| ConocoPhillips (COP) | $140.54B | 2.19 | 1.97 | 2.38 | 2.46 |
| Antero Midstream Corporation (AM) | $10.15B | 5.27 | 4.60 | 3.69 | 3.09 |
P/B vs. its own history
At 4.13, P/B is richer than usual, sitting higher than 100% of its 20-year history.
20-year low
0.35
median
1.79
20-year high
4.49
Book Value Analysis
P/B Ratio
4.13
Market Price / Book Value per Share
Canadian Natural Resources Limited PB Ratio Formula & Definition
PB Ratio = Market Cap / Total Shareholders' Equity
The price-to-book ratio compares market capitalization to book value (shareholders' equity). Lower values can indicate a cheaper valuation relative to net assets.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Canadian Natural Resources Limited PB Ratio FAQ
- What is the P/B ratio for Canadian Natural Resources Limited (CNQ)?
- The P/B ratio for CNQ stock is 4.13.
- Is Canadian Natural Resources Limited's P/B ratio high or low?
- Canadian Natural Resources Limited's P/B ratio of 4.13 is 76% above its 5-year average of 2.34, near the high end of its 5-year range (1.31–4.49).
- What is the TTM average P/B ratio for Canadian Natural Resources Limited (CNQ)?
- The TTM average P/B ratio for CNQ stock is 2.70.
- What is the 3Y average P/B ratio for Canadian Natural Resources Limited (CNQ)?
- The 3Y average P/B ratio for CNQ stock is 2.52.
- What is the 5Y average P/B ratio for Canadian Natural Resources Limited (CNQ)?
- The 5Y average P/B ratio for CNQ stock is 2.34.
- What is the 10Y average P/B ratio for Canadian Natural Resources Limited (CNQ)?
- The 10Y average P/B ratio for CNQ stock is 1.88.
- What is the 15Y average P/B ratio for Canadian Natural Resources Limited (CNQ)?
- The 15Y average P/B ratio for CNQ stock is 1.75.
- What is the 20Y average P/B ratio for Canadian Natural Resources Limited (CNQ)?
- The 20Y average P/B ratio for CNQ stock is 1.95.
Canadian Natural Resources Limited PB Ratio History
| DATE | PB RATIO |
|---|---|
| 2026-06-11 | 4.13 |
| 2026-06-10 | 4.14 |
| 2026-06-09 | 4.07 |
| 2026-06-08 | 4.21 |
| 2026-06-05 | 4.15 |
| 2026-06-04 | 4.33 |
| 2026-06-03 | 4.33 |
| 2026-06-02 | 4.29 |
| 2026-06-01 | 4.18 |
| 2026-05-29 | 4.12 |
| 2026-05-28 | 4.16 |
| 2026-05-27 | 4.16 |
| 2026-05-26 | 4.25 |
| 2026-05-22 | 4.42 |
| 2026-05-21 | 4.42 |
| 2026-05-20 | 4.43 |
| 2026-05-19 | 4.49 |
| 2026-05-18 | 4.45 |
| 2026-05-15 | 4.36 |
| 2026-05-14 | 4.32 |
| 2026-05-13 | 4.29 |
| 2026-05-12 | 4.26 |
| 2026-05-11 | 4.11 |
| 2026-05-08 | 4.05 |
| 2026-05-07 | 4.06 |
| 2026-05-06 | 2.95 |
| 2026-05-05 | 3.10 |
| 2026-05-04 | 3.08 |
| 2026-05-01 | 3.04 |
| 2026-04-30 | 3.09 |
| 2026-04-29 | 3.06 |
| 2026-04-28 | 3.00 |
| 2026-04-27 | 2.91 |
| 2026-04-24 | 2.86 |
| 2026-04-23 | 2.94 |
| 2026-04-22 | 2.89 |
| 2026-04-21 | 2.87 |
| 2026-04-20 | 2.80 |
| 2026-04-17 | 2.78 |
| 2026-04-16 | 3.00 |
| 2026-04-15 | 2.96 |
| 2026-04-14 | 2.95 |
| 2026-04-13 | 3.03 |
| 2026-04-10 | 3.00 |
| 2026-04-09 | 2.96 |
| 2026-04-08 | 3.00 |
| 2026-04-07 | 3.18 |
| 2026-04-06 | 3.12 |
| 2026-04-02 | 3.08 |
| 2026-04-01 | 3.01 |
| 2026-03-31 | 3.15 |
| 2026-03-30 | 3.20 |
| 2026-03-27 | 3.24 |
| 2026-03-26 | 3.15 |
| 2026-03-25 | 3.18 |
| 2026-03-24 | 3.49 |
| 2026-03-23 | 3.45 |
| 2026-03-20 | 3.49 |
| 2026-03-19 | 3.60 |
| 2026-03-18 | 3.50 |
| 2026-03-17 | 3.49 |
| 2026-03-16 | 3.47 |
| 2026-03-13 | 3.45 |
| 2026-03-12 | 3.46 |
| 2026-03-11 | 3.37 |
| 2026-03-10 | 3.26 |
| 2026-03-09 | 3.29 |
| 2026-03-06 | 3.30 |
| 2026-03-05 | 3.23 |
| 2026-03-04 | 3.15 |
| 2026-03-03 | 3.14 |
| 2026-03-02 | 3.16 |
| 2026-02-27 | 3.12 |
| 2026-02-26 | 3.07 |
| 2026-02-25 | 3.03 |
| 2026-02-24 | 3.03 |
| 2026-02-23 | 3.02 |
| 2026-02-20 | 3.02 |
| 2026-02-19 | 3.03 |
| 2026-02-18 | 2.97 |
| 2026-02-17 | 2.89 |
| 2026-02-13 | 2.90 |
| 2026-02-12 | 2.85 |
| 2026-02-11 | 2.89 |
| 2026-02-10 | 2.78 |
| 2026-02-09 | 2.79 |
| 2026-02-06 | 2.78 |
| 2026-02-05 | 2.70 |
| 2026-02-04 | 2.74 |
| 2026-02-03 | 2.67 |
| 2026-02-02 | 2.60 |
| 2026-01-30 | 2.65 |
| 2026-01-29 | 2.70 |
| 2026-01-28 | 2.64 |
| 2026-01-27 | 2.61 |
| 2026-01-26 | 2.57 |
| 2026-01-23 | 2.57 |
| 2026-01-22 | 2.53 |
| 2026-01-21 | 2.56 |
| 2026-01-20 | 2.45 |
| 2026-01-16 | 2.45 |
| 2026-01-15 | 2.43 |
| 2026-01-14 | 2.47 |
| 2026-01-13 | 2.36 |
| 2026-01-12 | 2.30 |
| 2026-01-09 | 2.28 |
| 2026-01-08 | 2.25 |
| 2026-01-07 | 2.18 |
| 2026-01-06 | 2.25 |
| 2026-01-05 | 2.30 |
| 2026-01-02 | 2.44 |
| 2025-12-31 | 2.41 |
| 2025-12-30 | 2.42 |
| 2025-12-29 | 2.36 |
| 2025-12-26 | 2.34 |
| 2025-12-24 | 2.35 |
| 2025-12-23 | 2.34 |
| 2025-12-22 | 2.30 |
| 2025-12-19 | 2.27 |
| 2025-12-18 | 2.24 |
| 2025-12-17 | 2.27 |
| 2025-12-16 | 2.23 |
| 2025-12-15 | 2.31 |
| 2025-12-12 | 2.35 |
| 2025-12-11 | 2.36 |
| 2025-12-10 | 2.40 |
| 2025-12-09 | 2.40 |
| 2025-12-08 | 2.43 |
| 2025-12-05 | 2.47 |
| 2025-12-04 | 2.45 |
| 2025-12-03 | 2.43 |
| 2025-12-02 | 2.39 |
| 2025-12-01 | 2.42 |
| 2025-11-28 | 2.41 |
| 2025-11-26 | 2.37 |
| 2025-11-25 | 2.37 |
| 2025-11-24 | 2.35 |
| 2025-11-21 | 2.38 |
| 2025-11-20 | 2.42 |
| 2025-11-19 | 2.42 |
| 2025-11-18 | 2.42 |
| 2025-11-17 | 2.37 |
| 2025-11-14 | 2.39 |
| 2025-11-13 | 2.32 |
| 2025-11-12 | 2.31 |
| 2025-11-11 | 2.31 |
| 2025-11-10 | 2.28 |
| 2025-11-07 | 2.25 |
| 2025-11-06 | 2.24 |
| 2025-11-05 | 2.21 |
| 2025-11-04 | 2.17 |
| 2025-11-03 | 2.21 |
| 2025-10-31 | 2.22 |
| 2025-10-30 | 2.21 |
| 2025-10-29 | 2.23 |
| 2025-10-28 | 2.17 |
| 2025-10-27 | 2.18 |
| 2025-10-24 | 2.16 |
| 2025-10-23 | 2.16 |
| 2025-10-22 | 2.10 |
| 2025-10-21 | 2.07 |
| 2025-10-20 | 2.08 |
| 2025-10-17 | 2.09 |
| 2025-10-16 | 2.09 |
| 2025-10-15 | 2.14 |
| 2025-10-14 | 2.14 |
| 2025-10-13 | 2.19 |
| 2025-10-10 | 2.17 |
| 2025-10-09 | 2.26 |
| 2025-10-08 | 2.26 |
| 2025-10-07 | 2.27 |
| 2025-10-06 | 2.25 |
| 2025-10-03 | 2.20 |
| 2025-10-02 | 2.18 |
| 2025-10-01 | 2.20 |
| 2025-09-30 | 2.21 |
| 2025-09-29 | 2.24 |
| 2025-09-26 | 2.26 |
| 2025-09-25 | 2.25 |
| 2025-09-24 | 2.27 |
| 2025-09-23 | 2.22 |
| 2025-09-22 | 2.22 |
| 2025-09-19 | 2.19 |
| 2025-09-18 | 2.25 |
| 2025-09-17 | 2.27 |
| 2025-09-16 | 2.28 |
| 2025-09-15 | 2.22 |
| 2025-09-12 | 2.16 |
| 2025-09-11 | 2.16 |
| 2025-09-10 | 2.16 |
| 2025-09-09 | 2.14 |
| 2025-09-08 | 2.10 |
| 2025-09-05 | 2.10 |
| 2025-09-04 | 2.17 |
| 2025-09-03 | 2.16 |
| 2025-09-02 | 2.22 |
| 2025-08-29 | 2.19 |
| 2025-08-28 | 2.18 |
| 2025-08-27 | 2.17 |
| 2025-08-26 | 2.11 |
| 2025-08-25 | 2.15 |
| 2025-08-22 | 2.16 |
| 2025-08-21 | 2.09 |
| 2025-08-20 | 2.05 |
| 2025-08-19 | 2.03 |
| 2025-08-18 | 2.06 |
| 2025-08-15 | 2.07 |
| 2025-08-14 | 2.06 |
| 2025-08-13 | 2.07 |
| 2025-08-12 | 2.07 |
| 2025-08-11 | 2.07 |
| 2025-08-08 | 2.10 |
| 2025-08-07 | 2.11 |
| 2025-08-06 | 2.35 |
| 2025-08-05 | 2.36 |
| 2025-08-04 | 2.31 |
| 2025-08-01 | 2.32 |
| 2025-07-31 | 2.38 |
| 2025-07-30 | 2.39 |
| 2025-07-29 | 2.42 |
| 2025-07-28 | 2.40 |
| 2025-07-25 | 2.36 |
| 2025-07-24 | 2.37 |
| 2025-07-23 | 2.36 |
| 2025-07-22 | 2.34 |
| 2025-07-21 | 2.29 |
| 2025-07-18 | 2.31 |
| 2025-07-17 | 2.33 |
| 2025-07-16 | 2.32 |
| 2025-07-15 | 2.35 |
| 2025-07-14 | 2.39 |
| 2025-07-11 | 2.41 |
| 2025-07-10 | 2.39 |
| 2025-07-09 | 2.40 |
| 2025-07-08 | 2.41 |
| 2025-07-07 | 2.38 |
| 2025-07-03 | 2.42 |
| 2025-07-02 | 2.43 |
| 2025-07-01 | 2.38 |
| 2025-06-30 | 2.36 |
| 2025-06-27 | 2.36 |
| 2025-06-26 | 2.39 |
| 2025-06-25 | 2.35 |
| 2025-06-24 | 2.37 |
| 2025-06-23 | 2.41 |
| 2025-06-20 | 2.51 |
| 2025-06-18 | 2.52 |
| 2025-06-17 | 2.55 |
| 2025-06-16 | 2.50 |
| 2025-06-13 | 2.54 |
| 2025-06-12 | 2.49 |
| 2025-06-11 | 2.46 |
| 2025-06-10 | 2.41 |
| 2025-06-09 | 2.37 |
| 2025-06-06 | 2.37 |
| 2025-06-05 | 2.33 |
| 2025-06-04 | 2.32 |
| 2025-06-03 | 2.36 |
| 2025-06-02 | 2.31 |
| 2025-05-30 | 2.28 |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
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About Canadian Natural Resources Limited
Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen (also known as thermal oil), along with both primary heavy crude oil and specialized Pelican Lake heavy crude. Beyond exploration and production, the company holds midstream and refining assets, notably comprising two crude oil pipeline networks and a half-interest (50% working interest) in an 84-megawatt cogeneration facility situated at Primrose. As of December 31, 2020, CNQ reported substantial reserves. Its proved crude oil, bitumen, and NGLs reserves amounted to 10,528 million barrels (MMbbl), escalating to 13,271 MMbbl when probable reserves are included. Proved synthetic crude oil (SCO) reserves stood at 6,998 MMbbl, with total proved plus probable SCO reserves reaching 7,535 MMbbl. Furthermore, the company's proved natural gas reserves were recorded at 12,168 billion cubic feet (Bcf), expanding to 20,249 Bcf on a proved plus probable basis. Geographically, its operations are concentrated in key regions, including Western Canada, the United Kingdom's North Sea sector, and offshore West Africa. The entity, incorporated in 1973, was originally known as AEX Minerals Corporation before adopting the name Canadian Natural Resources Limited in December 1975. Its corporate headquarters are located in Calgary, Canada.
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- CEO
- Norman Murray Edwards