Canadian Natural Resources
CNQ
#259
Rank
$57.20 B
Marketcap
$51.89
Share price
-1.93%
Change (1 day)
-15.32%
Change (1 year)

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
20218.22-106.72%
2020-122-1432.76%
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

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
4.57-35.44%๐Ÿ‡บ๐Ÿ‡ธ USA
6.28-11.23%๐Ÿ‡จ๐Ÿ‡ฆ Canada
5.99-15.35%๐Ÿ‡จ๐Ÿ‡ฆ Canada
8.12 14.83%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.