Canadian Natural Resources Limited (CNQ) PE Ratio: 13.45
Is Canadian Natural Resources Limited’s P/E ratio high or low?
Canadian Natural Resources Limited's P/E ratio of 13.45 is 13% above its 5-year average of 11.88, around the middle of its 5-year range (5.81–25.49).
As of Friday, June 12, 2026. 2.48% below its 12-month average of 13.79.
PE Ratio (13.45) = Close Price ($45.44) / Diluted TTM EPS ($3.38)
CNQ PE Ratio Chart
CNQ Average PE Ratio Chart
CNQ Current vs Average PE Ratio Chart
CNQ PE Ratio Metrics
PE RATIO
13.45
PE RATIO AVG TTM
13.79
PE RATIO AVG 3Y
13.23
PE RATIO AVG 5Y
11.88
PE RATIO AVG 10Y
31.47
PE RATIO AVG 15Y
27.26
PE RATIO AVG 20Y
24.08
CURRENT VS TTM AVG
-2.48%
CURRENT VS 3Y AVG
+1.66%
CURRENT VS 5Y AVG
+13.17%
CURRENT VS 10Y AVG
-57.26%
CURRENT VS 15Y AVG
-50.66%
CURRENT VS 20Y AVG
-44.14%
CNQ Competitors' PE Ratio
| NAME | MARKET CAP | PE RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Natural Resources Limited (CNQ) | $94.82B | 13.45 | 13.79 | 13.23 | 11.88 |
| SLB N.V. (SLB) | $83.72B | 24.67 | 16.71 | 16.25 | 20.42 |
| Marathon Petroleum Corporation (MPC) | $76.14B | 17.01 | 21.39 | 13.18 | 14.50 |
| Valero Energy Corporation (VLO) | $74.95B | 18.56 | 41.95 | 20.75 | 18.42 |
| EOG Resources, Inc. (EOG) | $72.62B | 13.44 | 12.05 | 10.37 | 35.99 |
| Phillips 66 (PSX) | $71.41B | 17.55 | 28.41 | 17.49 | 15.47 |
| ONEOK, Inc. (OKE) | $57.09B | 15.90 | 14.82 | 15.88 | 16.82 |
| Occidental Petroleum Corporation (OXY) | $55.17B | 13.83 | 26.94 | 18.26 | 16.20 |
| ConocoPhillips (COP) | $140.54B | 19.62 | 14.94 | 13.03 | 15.02 |
| Antero Midstream Corporation (AM) | $10.15B | 24.84 | 21.30 | 19.31 | 17.53 |
P/E vs. its own history
At 13.4, P/E is in its normal range, sitting higher than 46% of its 20-year history.
20-year low
2.8
median
13.9
20-year high
446.5
P/E Comparison
Trailing P/E
13.4
Forward P/E
9.2
Forward P/E Calculation
View All Analyst EstimatesForward P/E is calculated using analyst consensus EPS estimates for the current or next fiscal year.
Calculation:
Current Price
$45.44
Forward EPS (Est.)
$4.95
Forward P/E
9.19
Source: FMP Analyst Consensus Estimates. Forward EPS represents the average analyst estimate for the nearest fiscal year.
Canadian Natural Resources Limited PE Ratio Formula & Definition
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
Canadian Natural Resources Limited PE Ratio FAQ
- What is the P/E ratio for Canadian Natural Resources Limited (CNQ)?
- The P/E ratio for CNQ stock is 13.45.
- Is Canadian Natural Resources Limited's P/E ratio high or low?
- Canadian Natural Resources Limited's P/E ratio of 13.45 is 13% above its 5-year average of 11.88, around the middle of its 5-year range (5.81–25.49).
- What is the TTM average P/E ratio for Canadian Natural Resources Limited (CNQ)?
- The TTM average P/E ratio for CNQ stock is 13.79.
- What is the 3Y average P/E ratio for Canadian Natural Resources Limited (CNQ)?
- The 3Y average P/E ratio for CNQ stock is 13.23.
- What is the 5Y average P/E ratio for Canadian Natural Resources Limited (CNQ)?
- The 5Y average P/E ratio for CNQ stock is 11.88.
- What is the 10Y average P/E ratio for Canadian Natural Resources Limited (CNQ)?
- The 10Y average P/E ratio for CNQ stock is 31.47.
- What is the 15Y average P/E ratio for Canadian Natural Resources Limited (CNQ)?
- The 15Y average P/E ratio for CNQ stock is 27.26.
- What is the 20Y average P/E ratio for Canadian Natural Resources Limited (CNQ)?
- The 20Y average P/E ratio for CNQ stock is 24.08.
Canadian Natural Resources Limited PE Ratio History
| DATE | PE RATIO |
|---|---|
| 2026-06-11 | 13.45 |
| 2026-06-10 | 13.48 |
| 2026-06-09 | 13.27 |
| 2026-06-08 | 13.71 |
| 2026-06-05 | 13.53 |
| 2026-06-04 | 14.11 |
| 2026-06-03 | 14.12 |
| 2026-06-02 | 13.98 |
| 2026-06-01 | 13.61 |
| 2026-05-29 | 13.43 |
| 2026-05-28 | 13.56 |
| 2026-05-27 | 13.55 |
| 2026-05-26 | 13.87 |
| 2026-05-22 | 14.39 |
| 2026-05-21 | 14.42 |
| 2026-05-20 | 14.44 |
| 2026-05-19 | 14.63 |
| 2026-05-18 | 14.49 |
| 2026-05-15 | 14.21 |
| 2026-05-14 | 14.09 |
| 2026-05-13 | 13.98 |
| 2026-05-12 | 13.89 |
| 2026-05-11 | 13.38 |
| 2026-05-08 | 13.19 |
| 2026-05-07 | 13.25 |
| 2026-05-06 | 12.23 |
| 2026-05-05 | 12.83 |
| 2026-05-04 | 12.76 |
| 2026-05-01 | 12.59 |
| 2026-04-30 | 12.78 |
| 2026-04-29 | 12.66 |
| 2026-04-28 | 12.43 |
| 2026-04-27 | 12.07 |
| 2026-04-24 | 11.86 |
| 2026-04-23 | 12.18 |
| 2026-04-22 | 11.98 |
| 2026-04-21 | 11.87 |
| 2026-04-20 | 11.61 |
| 2026-04-17 | 11.53 |
| 2026-04-16 | 12.41 |
| 2026-04-15 | 12.27 |
| 2026-04-14 | 12.24 |
| 2026-04-13 | 12.56 |
| 2026-04-10 | 12.43 |
| 2026-04-09 | 12.25 |
| 2026-04-08 | 12.45 |
| 2026-04-07 | 13.18 |
| 2026-04-06 | 12.94 |
| 2026-04-02 | 12.74 |
| 2026-04-01 | 12.48 |
| 2026-03-31 | 13.06 |
| 2026-03-30 | 13.24 |
| 2026-03-27 | 13.43 |
| 2026-03-26 | 13.06 |
| 2026-03-25 | 13.18 |
| 2026-03-24 | 21.73 |
| 2026-03-23 | 21.45 |
| 2026-03-20 | 21.73 |
| 2026-03-19 | 22.41 |
| 2026-03-18 | 21.77 |
| 2026-03-17 | 21.71 |
| 2026-03-16 | 21.63 |
| 2026-03-13 | 21.47 |
| 2026-03-12 | 21.53 |
| 2026-03-11 | 20.95 |
| 2026-03-10 | 20.27 |
| 2026-03-09 | 20.50 |
| 2026-03-06 | 20.53 |
| 2026-03-05 | 20.09 |
| 2026-03-04 | 19.59 |
| 2026-03-03 | 19.56 |
| 2026-03-02 | 19.66 |
| 2026-02-27 | 19.40 |
| 2026-02-26 | 19.10 |
| 2026-02-25 | 18.87 |
| 2026-02-24 | 18.88 |
| 2026-02-23 | 18.77 |
| 2026-02-20 | 18.80 |
| 2026-02-19 | 18.84 |
| 2026-02-18 | 18.47 |
| 2026-02-17 | 17.99 |
| 2026-02-13 | 18.03 |
| 2026-02-12 | 17.73 |
| 2026-02-11 | 18.01 |
| 2026-02-10 | 17.33 |
| 2026-02-09 | 17.36 |
| 2026-02-06 | 17.33 |
| 2026-02-05 | 16.80 |
| 2026-02-04 | 17.08 |
| 2026-02-03 | 16.61 |
| 2026-02-02 | 16.18 |
| 2026-01-30 | 16.50 |
| 2026-01-29 | 16.79 |
| 2026-01-28 | 16.45 |
| 2026-01-27 | 16.26 |
| 2026-01-26 | 15.98 |
| 2026-01-23 | 16.02 |
| 2026-01-22 | 15.73 |
| 2026-01-21 | 15.95 |
| 2026-01-20 | 15.26 |
| 2026-01-16 | 15.23 |
| 2026-01-15 | 15.12 |
| 2026-01-14 | 15.35 |
| 2026-01-13 | 14.70 |
| 2026-01-12 | 14.32 |
| 2026-01-09 | 14.22 |
| 2026-01-08 | 13.99 |
| 2026-01-07 | 13.56 |
| 2026-01-06 | 14.00 |
| 2026-01-05 | 14.29 |
| 2026-01-02 | 15.21 |
| 2025-12-31 | 15.01 |
| 2025-12-30 | 15.03 |
| 2025-12-29 | 14.72 |
| 2025-12-26 | 14.54 |
| 2025-12-24 | 14.62 |
| 2025-12-23 | 14.55 |
| 2025-12-22 | 14.33 |
| 2025-12-19 | 14.14 |
| 2025-12-18 | 13.96 |
| 2025-12-17 | 14.12 |
| 2025-12-16 | 13.85 |
| 2025-12-15 | 14.37 |
| 2025-12-12 | 14.62 |
| 2025-12-11 | 14.69 |
| 2025-12-10 | 14.95 |
| 2025-12-09 | 14.95 |
| 2025-12-08 | 15.10 |
| 2025-12-05 | 15.36 |
| 2025-12-04 | 15.28 |
| 2025-12-03 | 15.13 |
| 2025-12-02 | 14.87 |
| 2025-12-01 | 15.09 |
| 2025-11-28 | 14.97 |
| 2025-11-26 | 14.77 |
| 2025-11-25 | 14.74 |
| 2025-11-24 | 14.60 |
| 2025-11-21 | 14.82 |
| 2025-11-20 | 15.06 |
| 2025-11-19 | 15.07 |
| 2025-11-18 | 15.09 |
| 2025-11-17 | 14.78 |
| 2025-11-14 | 14.88 |
| 2025-11-13 | 14.43 |
| 2025-11-12 | 14.38 |
| 2025-11-11 | 14.36 |
| 2025-11-10 | 14.18 |
| 2025-11-07 | 14.03 |
| 2025-11-06 | 13.96 |
| 2025-11-05 | 11.26 |
| 2025-11-04 | 11.08 |
| 2025-11-03 | 11.29 |
| 2025-10-31 | 11.31 |
| 2025-10-30 | 11.28 |
| 2025-10-29 | 11.36 |
| 2025-10-28 | 11.07 |
| 2025-10-27 | 11.13 |
| 2025-10-24 | 11.05 |
| 2025-10-23 | 11.04 |
| 2025-10-22 | 10.72 |
| 2025-10-21 | 10.57 |
| 2025-10-20 | 10.63 |
| 2025-10-17 | 10.64 |
| 2025-10-16 | 10.67 |
| 2025-10-15 | 10.90 |
| 2025-10-14 | 10.93 |
| 2025-10-13 | 11.16 |
| 2025-10-10 | 11.09 |
| 2025-10-09 | 11.55 |
| 2025-10-08 | 11.53 |
| 2025-10-07 | 11.57 |
| 2025-10-06 | 11.46 |
| 2025-10-03 | 11.24 |
| 2025-10-02 | 11.11 |
| 2025-10-01 | 11.22 |
| 2025-09-30 | 11.29 |
| 2025-09-29 | 11.41 |
| 2025-09-26 | 11.55 |
| 2025-09-25 | 11.47 |
| 2025-09-24 | 11.58 |
| 2025-09-23 | 11.35 |
| 2025-09-22 | 11.34 |
| 2025-09-19 | 11.16 |
| 2025-09-18 | 11.49 |
| 2025-09-17 | 11.57 |
| 2025-09-16 | 11.63 |
| 2025-09-15 | 11.31 |
| 2025-09-12 | 11.02 |
| 2025-09-11 | 11.03 |
| 2025-09-10 | 11.02 |
| 2025-09-09 | 10.91 |
| 2025-09-08 | 10.70 |
| 2025-09-05 | 10.72 |
| 2025-09-04 | 11.08 |
| 2025-09-03 | 11.03 |
| 2025-09-02 | 11.30 |
| 2025-08-29 | 11.18 |
| 2025-08-28 | 11.12 |
| 2025-08-27 | 11.05 |
| 2025-08-26 | 10.77 |
| 2025-08-25 | 10.97 |
| 2025-08-22 | 11.00 |
| 2025-08-21 | 10.65 |
| 2025-08-20 | 10.47 |
| 2025-08-19 | 10.35 |
| 2025-08-18 | 10.52 |
| 2025-08-15 | 10.54 |
| 2025-08-14 | 10.52 |
| 2025-08-13 | 10.58 |
| 2025-08-12 | 10.56 |
| 2025-08-11 | 10.57 |
| 2025-08-08 | 10.71 |
| 2025-08-07 | 10.75 |
| 2025-08-06 | 12.26 |
| 2025-08-05 | 12.30 |
| 2025-08-04 | 12.04 |
| 2025-08-01 | 12.11 |
| 2025-07-31 | 12.40 |
| 2025-07-30 | 12.48 |
| 2025-07-29 | 12.61 |
| 2025-07-28 | 12.49 |
| 2025-07-25 | 12.28 |
| 2025-07-24 | 12.38 |
| 2025-07-23 | 12.28 |
| 2025-07-22 | 12.20 |
| 2025-07-21 | 11.95 |
| 2025-07-18 | 12.05 |
| 2025-07-17 | 12.13 |
| 2025-07-16 | 12.09 |
| 2025-07-15 | 12.24 |
| 2025-07-14 | 12.43 |
| 2025-07-11 | 12.56 |
| 2025-07-10 | 12.43 |
| 2025-07-09 | 12.51 |
| 2025-07-08 | 12.57 |
| 2025-07-07 | 12.42 |
| 2025-07-03 | 12.60 |
| 2025-07-02 | 12.68 |
| 2025-07-01 | 12.38 |
| 2025-06-30 | 12.28 |
| 2025-06-27 | 12.30 |
| 2025-06-26 | 12.48 |
| 2025-06-25 | 12.27 |
| 2025-06-24 | 12.33 |
| 2025-06-23 | 12.56 |
| 2025-06-20 | 13.06 |
| 2025-06-18 | 13.14 |
| 2025-06-17 | 13.30 |
| 2025-06-16 | 13.03 |
| 2025-06-13 | 13.21 |
| 2025-06-12 | 12.96 |
| 2025-06-11 | 12.80 |
| 2025-06-10 | 12.58 |
| 2025-06-09 | 12.37 |
| 2025-06-06 | 12.35 |
| 2025-06-05 | 12.12 |
| 2025-06-04 | 12.09 |
| 2025-06-03 | 12.30 |
| 2025-06-02 | 12.05 |
| 2025-05-30 | 11.88 |
Showing the most recent 260 of 4,593 data points. The chart above shows the full history.
Related Metrics
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