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Canadian Natural Resources Ltd
TSX:CNQ

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Canadian Natural Resources Ltd
TSX:CNQ
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Price: 104.9 CAD 1.67% Market Closed
Updated: May 18, 2024

Relative Value

The Relative Value of one CNQ stock under the Base Case scenario is 91.45 CAD. Compared to the current market price of 104.9 CAD, Canadian Natural Resources Ltd is Overvalued by 13%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

CNQ Relative Value
Base Case
91.45 CAD
Overvaluation 13%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
26
Median 3Y
2.2
Median 5Y
2
Industry
1.4
Forward
3
vs History
11
vs Industry
14
Median 3Y
9.9
Median 5Y
9.1
Industry
9.5
Forward
13.6
vs History
9
vs Industry
16
Median 3Y
5.3
Median 5Y
4.6
Industry
5.1
vs History
39
vs Industry
19
Median 3Y
15.2
Median 5Y
14.1
Industry
11.6
vs History
1
vs Industry
15
Median 3Y
2.1
Median 5Y
1.6
Industry
1.3
vs History
4
vs Industry
31
Median 3Y
2.8
Median 5Y
2.6
Industry
2
Forward
3.3
vs History
12
vs Industry
30
Median 3Y
5.4
Median 5Y
5.4
Industry
4.7
vs History
12
vs Industry
23
Median 3Y
5.8
Median 5Y
5.7
Industry
6
Forward
6.8
vs History
23
vs Industry
17
Median 3Y
9.6
Median 5Y
10.8
Industry
8.2
Forward
13.1
vs History
19
vs Industry
22
Median 3Y
6.7
Median 5Y
6.7
Industry
6.6
vs History
33
vs Industry
21
Median 3Y
10.1
Median 5Y
11.3
Industry
11.4
vs History
1
vs Industry
25
Median 3Y
1.3
Median 5Y
1
Industry
1.1

Multiples Across Competitors

CNQ Competitors Multiples
Canadian Natural Resources Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Canadian Natural Resources Ltd
TSX:CNQ
112.2B CAD 3.2 15.1 7.4 12.4
US
Conocophillips
NYSE:COP
142.6B USD 2.6 13.5 6.6 10.5
CN
CNOOC Ltd
HKEX:883
920.9B HKD 2 6.9 4.5 4.5
US
EOG Resources Inc
NYSE:EOG
74.8B USD 3.1 10.2 5.5 7.8
US
Pioneer Natural Resources Co
NYSE:PXD
63B USD 3.3 12.9 7.2 10.4
US
Hess Corp
NYSE:HES
48.7B USD 4.3 24.3 9.7 15.4
US
Diamondback Energy Inc
NASDAQ:FANG
35.3B USD 4.1 11.1 6.3 8.8
AU
Woodside Energy Group Ltd
ASX:WDS
52.2B AUD 2.5 21.1 4.2 7.4
US
Devon Energy Corp
NYSE:DVN
31.5B USD 1.7 7.2 4.3 6.2
US
Continental Resources Inc
NYSE:CLR
27B USD 3 7.6 4.4 6.1
US
Coterra Energy Inc
NYSE:CTRA
21B USD 3.8 16.2 6.3 12.6

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