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Canadian Natural Resources Limited (CNQ)
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Canadian Natural Resources Limited (CNQ) EV/Assets Ratio: 2.16x

popular:market cap|pe ratio|revenue|price history|total return

Is Canadian Natural Resources Limited’s EV/Assets ratio high or low?

Canadian Natural Resources Limited's EV/Assets ratio of 2.16x is 61% above its 5-year average of 1.34x, near the high end of its 5-year range (0.84x–2.34x).

As of Friday, June 12, 2026. 45.04% above its 12-month average of 1.49x.

Enterprise Value|EV/Sales|Total Assets|All Metrics

CNQ EV/Assets Ratio Chart

CNQ EV/Assets Ratio
2.16x+56.52% 1Y
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CNQ Average EV/Assets Ratio Chart

CNQ Current vs Average EV/Assets Ratio Chart

CNQ EV/Assets Ratio Metrics

EV/ASSETS RATIO

2.16x

EV/ASSETS RATIO AVG TTM

1.49x

EV/ASSETS RATIO AVG 3Y

1.44x

EV/ASSETS RATIO AVG 5Y

1.34x

EV/ASSETS RATIO AVG 10Y

1.13x

EV/ASSETS RATIO AVG 15Y

1.06x

EV/ASSETS RATIO AVG 20Y

1.12x

CURRENT VS TTM AVG

+45.04%

CURRENT VS 3Y AVG

+50.09%

CURRENT VS 5Y AVG

+60.92%

CURRENT VS 10Y AVG

+91.49%

CURRENT VS 15Y AVG

+103.63%

CURRENT VS 20Y AVG

+92.68%

CNQ Competitors' EV/Assets Ratio

NAMEMARKET CAPEV/ASSETS RATIOTTM3Y5Y
Canadian Natural Resources Limited (CNQ)$94.82B2.16x1.49x1.44x1.34x
SLB N.V. (SLB)$83.72B1.72x1.35x1.54x1.59x
Marathon Petroleum Corporation (MPC)$76.14B1.24x1.09x1.00x0.92x
Valero Energy Corporation (VLO)$74.95B1.32x1.07x0.92x0.89x
EOG Resources, Inc. (EOG)$72.62B1.45x1.36x1.50x1.57x
Phillips 66 (PSX)$71.41B1.12x1.04x0.98x0.92x
ONEOK, Inc. (OKE)$57.09B1.32x1.24x1.44x1.55x
Occidental Petroleum Corporation (OXY)$55.17B0.84x0.82x0.93x0.97x
ConocoPhillips (COP)$140.54B1.29x1.19x1.38x1.41x
Antero Midstream Corporation (AM)$10.15B2.17x2.13x1.88x1.71x

Canadian Natural Resources Limited EV/Assets Ratio Formula & Definition

EV/Assets compares enterprise value to total assets. It is useful for asset-heavy businesses and for comparing how much the market pays for each dollar of assets.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Canadian Natural Resources Limited EV/Assets Ratio FAQ

What is the EV/Assets ratio for Canadian Natural Resources Limited (CNQ)?
The EV/Assets ratio for CNQ stock is 2.16x.
Is Canadian Natural Resources Limited's EV/Assets ratio high or low?
Canadian Natural Resources Limited's EV/Assets ratio of 2.16x is 61% above its 5-year average of 1.34x, near the high end of its 5-year range (0.84x–2.34x).
What is the TTM average EV/Assets ratio for Canadian Natural Resources Limited (CNQ)?
The TTM average EV/Assets ratio for CNQ stock is 1.49x.
What is the 3Y average EV/Assets ratio for Canadian Natural Resources Limited (CNQ)?
The 3Y average EV/Assets ratio for CNQ stock is 1.44x.
What is the 5Y average EV/Assets ratio for Canadian Natural Resources Limited (CNQ)?
The 5Y average EV/Assets ratio for CNQ stock is 1.34x.
What is the 10Y average EV/Assets ratio for Canadian Natural Resources Limited (CNQ)?
The 10Y average EV/Assets ratio for CNQ stock is 1.13x.
What is the 15Y average EV/Assets ratio for Canadian Natural Resources Limited (CNQ)?
The 15Y average EV/Assets ratio for CNQ stock is 1.06x.
What is the 20Y average EV/Assets ratio for Canadian Natural Resources Limited (CNQ)?
The 20Y average EV/Assets ratio for CNQ stock is 1.12x.

Canadian Natural Resources Limited EV/Assets Ratio History

DATEEV/ASSETS RATIO
2026-06-112.16x
2026-06-102.17x
2026-06-092.14x
2026-06-082.20x
2026-06-052.18x
2026-06-042.26x
2026-06-032.26x
2026-06-022.24x
2026-06-012.19x
2026-05-292.16x
2026-05-282.18x
2026-05-272.18x
2026-05-262.22x
2026-05-222.30x
2026-05-212.30x
2026-05-202.31x
2026-05-192.34x
2026-05-182.32x
2026-05-152.27x
2026-05-142.26x
2026-05-132.24x
2026-05-122.23x
2026-05-112.15x
2026-05-082.12x
2026-05-072.13x
2026-05-061.63x
2026-05-051.70x
2026-05-041.70x
2026-05-011.68x
2026-04-301.70x
2026-04-291.68x
2026-04-281.66x
2026-04-271.62x
2026-04-241.59x
2026-04-231.63x
2026-04-221.60x
2026-04-211.59x
2026-04-201.56x
2026-04-171.55x
2026-04-161.66x
2026-04-151.64x
2026-04-141.63x
2026-04-131.67x
2026-04-101.66x
2026-04-091.64x
2026-04-081.66x
2026-04-071.74x
2026-04-061.72x
2026-04-021.69x
2026-04-011.66x
2026-03-311.73x
2026-03-301.75x
2026-03-271.77x
2026-03-261.73x
2026-03-251.75x
2026-03-241.85x
2026-03-231.83x
2026-03-201.85x
2026-03-191.90x
2026-03-181.85x
2026-03-171.85x
2026-03-161.84x
2026-03-131.83x
2026-03-121.84x
2026-03-111.79x
2026-03-101.74x
2026-03-091.76x
2026-03-061.76x
2026-03-051.73x
2026-03-041.69x
2026-03-031.69x
2026-03-021.69x
2026-02-271.67x
2026-02-261.65x
2026-02-251.63x
2026-02-241.63x
2026-02-231.63x
2026-02-201.63x
2026-02-191.63x
2026-02-181.60x
2026-02-171.57x
2026-02-131.57x
2026-02-121.55x
2026-02-111.57x
2026-02-101.52x
2026-02-091.52x
2026-02-061.52x
2026-02-051.48x
2026-02-041.50x
2026-02-031.46x
2026-02-021.43x
2026-01-301.45x
2026-01-291.48x
2026-01-281.45x
2026-01-271.44x
2026-01-261.41x
2026-01-231.42x
2026-01-221.40x
2026-01-211.41x
2026-01-201.36x
2026-01-161.36x
2026-01-151.35x
2026-01-141.37x
2026-01-131.32x
2026-01-121.29x
2026-01-091.28x
2026-01-081.26x
2026-01-071.23x
2026-01-061.26x
2026-01-051.29x
2026-01-021.36x
2025-12-311.34x
2025-12-301.34x
2025-12-291.32x
2025-12-261.30x
2025-12-241.31x
2025-12-231.31x
2025-12-221.29x
2025-12-191.27x
2025-12-181.26x
2025-12-171.27x
2025-12-161.25x
2025-12-151.29x
2025-12-121.31x
2025-12-111.32x
2025-12-101.34x
2025-12-091.34x
2025-12-081.35x
2025-12-051.37x
2025-12-041.36x
2025-12-031.35x
2025-12-021.33x
2025-12-011.35x
2025-11-281.34x
2025-11-261.32x
2025-11-251.32x
2025-11-241.31x
2025-11-211.33x
2025-11-201.34x
2025-11-191.35x
2025-11-181.35x
2025-11-171.32x
2025-11-141.33x
2025-11-131.30x
2025-11-121.29x
2025-11-111.29x
2025-11-101.28x
2025-11-071.27x
2025-11-061.26x
2025-11-051.27x
2025-11-041.25x
2025-11-031.27x
2025-10-311.27x
2025-10-301.27x
2025-10-291.28x
2025-10-281.25x
2025-10-271.26x
2025-10-241.25x
2025-10-231.25x
2025-10-221.22x
2025-10-211.20x
2025-10-201.21x
2025-10-171.21x
2025-10-161.21x
2025-10-151.23x
2025-10-141.24x
2025-10-131.26x
2025-10-101.25x
2025-10-091.30x
2025-10-081.29x
2025-10-071.30x
2025-10-061.29x
2025-10-031.27x
2025-10-021.25x
2025-10-011.26x
2025-09-301.27x
2025-09-291.28x
2025-09-261.30x
2025-09-251.29x
2025-09-241.30x
2025-09-231.28x
2025-09-221.28x
2025-09-191.26x
2025-09-181.29x
2025-09-171.30x
2025-09-161.30x
2025-09-151.27x
2025-09-121.24x
2025-09-111.25x
2025-09-101.25x
2025-09-091.23x
2025-09-081.21x
2025-09-051.22x
2025-09-041.25x
2025-09-031.25x
2025-09-021.27x
2025-08-291.26x
2025-08-281.25x
2025-08-271.25x
2025-08-261.22x
2025-08-251.24x
2025-08-221.24x
2025-08-211.21x
2025-08-201.19x
2025-08-191.18x
2025-08-181.20x
2025-08-151.20x
2025-08-141.20x
2025-08-131.20x
2025-08-121.20x
2025-08-111.20x
2025-08-081.22x
2025-08-071.22x
2025-08-061.33x
2025-08-051.33x
2025-08-041.31x
2025-08-011.31x
2025-07-311.34x
2025-07-301.35x
2025-07-291.36x
2025-07-281.35x
2025-07-251.33x
2025-07-241.34x
2025-07-231.33x
2025-07-221.32x
2025-07-211.30x
2025-07-181.31x
2025-07-171.31x
2025-07-161.31x
2025-07-151.32x
2025-07-141.34x
2025-07-111.35x
2025-07-101.34x
2025-07-091.35x
2025-07-081.35x
2025-07-071.34x
2025-07-031.36x
2025-07-021.36x
2025-07-011.34x
2025-06-301.33x
2025-06-271.33x
2025-06-261.35x
2025-06-251.33x
2025-06-241.33x
2025-06-231.35x
2025-06-201.40x
2025-06-181.41x
2025-06-171.42x
2025-06-161.40x
2025-06-131.41x
2025-06-121.39x
2025-06-111.38x
2025-06-101.36x
2025-06-091.34x
2025-06-061.33x
2025-06-051.31x
2025-06-041.31x
2025-06-031.33x
2025-06-021.31x
2025-05-301.29x

Showing the most recent 260 of 5,032 data points. The chart above shows the full history.

Related Metrics

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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.

Calgary, AB
10,640 employees
www.cnrl.com
Energy / Oil & Gas Exploration & Production
Sector
Energy
Industry
Oil & Gas Exploration & Production
CEO
Norman Murray Edwards
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