P/E ratio for Canadian Natural Resources (CNQ)
P/E ratio as of March 2023 (TTM): 7.07
According to Canadian Natural Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 7.07235. At the end of 2021 the company had a P/E ratio of 8.22.
P/E ratio history for Canadian Natural Resources from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 8.22 | -106.72% |
| 2020 | -122 | -1432.76% |
| 2019 | 9.18 | -35.36% |
| 2018 | 14.2 | -35.67% |
| 2017 | 22.1 | -111.15% |
| 2016 | -198 | 333.33% |
| 2015 | -45.7 | -588.9% |
| 2014 | 9.35 | -43.57% |
| 2013 | 16.6 | 0.61% |
| 2012 | 16.5 | 7.87% |
| 2011 | 15.3 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Occidental Petroleum OXY | 4.57 | -35.44% | 🇺🇸 USA |
 Imperial Oil
IMO | 6.28 | -11.23% | 🇨🇦 Canada |
 Suncor Energy
SU | 5.99 | -15.35% | 🇨🇦 Canada |
 Cenovus Energy
CVE | 8.12 | 14.83% | 🇨🇦 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.