P/E ratio for Canadian Natural Resources (CNQ)
P/E ratio as of April 2024 (TTM): 15.2
According to Canadian Natural Resources's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 15.1627. 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 |
|---|---|---|
| 2022 | 7.56 | -6.16% |
| 2021 | 8.06 | -106.72% |
| 2020 | -120 | -1405.35% |
| 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 | -48.14% |
| 2010 | 29.4 | 10.4% |
| 2009 | 26.7 | 465.53% |
| 2008 | 4.72 | -69.01% |
| 2007 | 15.2 | 22.46% |
| 2006 | 12.4 | -48.44% |
| 2005 | 24.1 | 9.37% |
| 2004 | 22.0 | 37% |
| 2003 | 16.1 | -19.47% |
| 2002 | 20.0 | -2.9% |
| 2001 | 20.6 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Occidental Petroleum OXY | 10.5 | -30.62% | 🇺🇸 USA |
 Imperial Oil
IMO | 10.7 | -29.64% | 🇨🇦 Canada |
 Suncor Energy
SU | 11.6 | -23.76% | 🇨🇦 Canada |
 Cenovus Energy
CVE | 13.3 | -12.56% | 🇨🇦 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.