Canadian Natural Resources
CNQ
#238
Rank
$70.74 B
Marketcap
$65.06
Share price
2.96%
Change (1 day)
17.88%
Change (1 year)

P/E ratio for Canadian Natural Resources (CNQ)

P/E ratio as of February 2024 (TTM): 12.8

According to Canadian Natural Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 12.8265. At the end of 2022 the company had a P/E ratio of 7.56.

P/E ratio history for Canadian Natural Resources from 2001 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20227.56-6.16%
20218.06-106.72%
2020-120-1405.35%
20199.18-35.36%
201814.2-35.67%
201722.1-111.15%
2016-198333.33%
2015-45.7-588.9%
20149.35-43.57%
201316.60.61%
201216.57.87%
201115.3-48.14%
201029.410.4%
200926.7465.53%
20084.72-69.01%
200715.222.46%
200612.4-48.44%
200524.19.37%
200422.037%
200316.1-19.47%
200220.0-2.9%
200120.6

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
9.45-26.34%๐Ÿ‡บ๐Ÿ‡ธ USA
9.21-28.23%๐Ÿ‡จ๐Ÿ‡ฆ Canada
9.89-22.91%๐Ÿ‡จ๐Ÿ‡ฆ Canada
10.9-14.80%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.