Canadian Natural Resources Ltd
TSX:CNQ

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Canadian Natural Resources Ltd
TSX:CNQ
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Price: 46.61 CAD -2.59% Market Closed
Market Cap: 98.9B CAD
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Relative Value

The Relative Value of one CNQ stock under the Base Case scenario is 44.34 CAD. Compared to the current market price of 46.61 CAD, Canadian Natural Resources Ltd is Overvalued by 5%.

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
44.34 CAD
Overvaluation 5%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
4
vs Industry
27
Median 3Y
2.4
Median 5Y
2.1
Industry
1.3
Forward
2.7
vs History
19
vs Industry
14
Median 3Y
10
Median 5Y
9.6
Industry
9.5
Forward
13.4
vs History
23
vs Industry
15
Median 3Y
5.7
Median 5Y
5.3
Industry
4.7
vs History
53
vs Industry
17
Median 3Y
14
Median 5Y
14
Industry
10.6
vs History
11
vs Industry
15
Median 3Y
2.2
Median 5Y
1.9
Industry
1.2
vs History
17
vs Industry
32
Median 3Y
2.8
Median 5Y
2.8
Industry
1.8
Forward
3
vs History
22
vs Industry
29
Median 3Y
5.4
Median 5Y
5.6
Industry
4.4
vs History
23
vs Industry
22
Median 3Y
5.8
Median 5Y
6
Industry
5.8
Forward
6.5
vs History
39
vs Industry
17
Median 3Y
9.5
Median 5Y
10.5
Industry
8.2
Forward
14.5
vs History
38
vs Industry
21
Median 3Y
6.6
Median 5Y
7.3
Industry
6.2
vs History
46
vs Industry
21
Median 3Y
10.1
Median 5Y
11.1
Industry
10.8
vs History
11
vs Industry
24
Median 3Y
1.3
Median 5Y
1.1
Industry
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
98.5B CAD 2.8 13 6.4 10.8
US
Conocophillips
NYSE:COP
129.3B USD 2.3 13 6 9.9
CN
CNOOC Ltd
SSE:600938
701.9B CNY 1.6 5 2.8 2.8
US
EOG Resources Inc
NYSE:EOG
76B USD 3.1 10.6 5.6 8
US
Diamondback Energy Inc
NASDAQ:FANG
51.7B USD 5.4 16 9.5 14.2
US
Pioneer Natural Resources Co
LSE:0KIX
46B USD 2.4 9.4 5.4 7.8
US
Hess Corp
NYSE:HES
44.9B USD 3.5 17 7.5 11.3
US
Texas Pacific Land Corp
NYSE:TPL
31.2B USD 45.5 69.6 56 57.9
AU
Woodside Energy Group Ltd
ASX:WDS
45.6B AUD 2.3 15.9 3.8 7
US
Continental Resources Inc
F:C5L
25.8B EUR 3.1 7.6 4.5 6.1
US
Devon Energy Corp
NYSE:DVN
25.3B USD 1.6 7.4 4.4 7.2

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