Canadian Natural Resources
CNQ
#311
Rank
$64.49 B
Marketcap
$30.72
Share price
-2.20%
Change (1 day)
-19.03%
Change (1 year)

P/E ratio for Canadian Natural Resources (CNQ)

P/E ratio as of May 2025 (TTM): 10.9

According to Canadian Natural Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.9443. At the end of 2023 the company had a P/E ratio of 8.67.

P/E ratio history for Canadian Natural Resources from 2001 to 2024

PE ratio at the end of each year

Year P/E ratio Change
20238.6749.67%
20225.79-9.05%
20216.37-109.73%
2020-65.4-1037.55%
20196.98-37.4%
201811.1-35.31%
201717.2-110.49%
2016-164345.8%
2015-36.9-538.78%
20148.40-47.28%
201315.9-3.07%
201216.48.25%
201115.2

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
6.97-36.27%๐Ÿ‡จ๐Ÿ‡ฆ Canada
5.82-46.79%๐Ÿ‡จ๐Ÿ‡ฆ Canada
10.7-2.34%๐Ÿ‡บ๐Ÿ‡ธ USA
7.96-27.28%๐Ÿ‡จ๐Ÿ‡ฆ Canada

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.