Basis: Latest reported fiscal year. Source: stored company filings and market data; unavailable inputs remain N/A.
The forward PE ratio is 10.93 as of Tuesday, July 28, 2026.
Forward PE Ratio (10.93) = Close Price ($44.19) / Consensus Forward EPS ($4.10)
FORWARD PE RATIO
10.93
SECTOR MEDIAN · ENERGY
13.10
median of 37 covered companies
CURRENT VS SECTOR MEDIAN
-16.56%
vs the sector median at left
Canadian Natural Resources Limited
Market Cap
$92.17B
Forward PE Ratio
10.93
| NAME | MARKET CAP | FORWARD PE RATIO |
|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $92.17B | 10.93 |
| Marathon Petroleum Corporation (MPC)vs › | $89.35B | 7.86 |
| Valero Energy Corporation (VLO)vs › | $88.75B | 8.95 |
| The Williams Companies, Inc. (WMB)vs › | $85.81B | 29.94 |
| Enterprise Products Partners L.P. (EPD)vs › | $83.58B | 13.27 |
| Phillips 66 (PSX)vs › | $82.53B | 9.90 |
| Suncor Energy Inc. (SU)vs › | $75.45B | 6.70 |
| Slb N.V. (SLB)vs › | $74.72B | 20.63 |
| EOG Resources, Inc. (EOG)vs › | $74.38B | 8.51 |
| Eni S.p.A. (E)vs › | $72.88B | 10.14 |
Trailing P/E
13.3
reported TTM EPS
Forward P/E
10.9
consensus next-FY EPS
The gap between the two multiples is the consensus growth expectation: analysts' forward EPS of $4.10 implies +21.3% EPS growth vs the reported trailing $3.38.
At today's $44.19 close, each upcoming fiscal year's consensus EPS implies a different multiple — how quickly the price is "paid down" by expected earnings if the estimates hold.
| Fiscal year end | Consensus EPS | Estimate range | Analysts | Implied P/E |
|---|---|---|---|---|
| 2026-12-31 | $4.10 | $3.88 – $4.31 | 7 | 10.8x |
| 2027-12-31 | $3.50 | $3.05 – $3.97 | 8 | 12.6x |
| 2028-12-31 | $3.60 | $2.17 – $4.61 | 7 | 12.3x |
Source: FMP analyst consensus estimates, refreshed with the daily precompute. "n/m" = the consensus EPS is not positive, so a multiple is undefined. There is no forward P/E history chart here because charting one would require the estimates as they stood in the past, which we do not store — see the trailing P/E history for how the realized multiple has moved.
PE Ratio = Share Price / Diluted EPS (TTM)
The price-to-earnings ratio measures how much investors pay for each dollar of trailing earnings. A lower PE can indicate a cheaper valuation; a higher PE implies higher growth expectations.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
