As of 2025-09-18, the Relative Valuation of Canadian Natural Resources Ltd (CNQ.TO) is 39.51 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 45.28 CAD, the upside of Canadian Natural Resources Ltd based on Relative Valuation is -12.8%.
The range of the Relative Valuation is 30.09 - 49.07 CAD.
| Range | Selected | |
| Trailing P/E multiples | 11.4x - 12.3x | 11.7x |
| Forward P/E multiples | 9.7x - 11.4x | 10.4x |
| Fair Price | 30.09 - 49.07 | 39.51 |
| Upside | -33.6% - 8.4% | -12.8% |
| Date | P/E |
| 2025-09-16 | 11.37 |
| 2025-09-15 | 11.08 |
| 2025-09-12 | 10.85 |
| 2025-09-11 | 10.84 |
| 2025-09-10 | 10.86 |
| 2025-09-09 | 10.75 |
| 2025-09-08 | 10.51 |
| 2025-09-05 | 10.56 |
| 2025-09-04 | 10.89 |
| 2025-09-03 | 10.82 |
| 2025-09-02 | 11.07 |
| 2025-08-29 | 10.92 |
| 2025-08-28 | 10.88 |
| 2025-08-27 | 10.84 |
| 2025-08-26 | 10.58 |
| 2025-08-25 | 10.80 |
| 2025-08-22 | 10.81 |
| 2025-08-21 | 10.53 |
| 2025-08-20 | 10.32 |
| 2025-08-19 | 10.21 |
| 2025-08-18 | 10.32 |
| 2025-08-15 | 10.35 |
| 2025-08-14 | 10.33 |
| 2025-08-13 | 10.34 |
| 2025-08-12 | 10.34 |
| 2025-08-11 | 10.34 |
| 2025-08-08 | 10.47 |
| 2025-08-07 | 10.50 |
| 2025-08-06 | 10.83 |
| 2025-08-05 | 10.87 |
| 2025-08-01 | 10.73 |
| 2025-07-31 | 11.01 |
| 2025-07-30 | 11.08 |
| 2025-07-29 | 11.14 |
| 2025-07-28 | 11.01 |
| 2025-07-25 | 10.80 |
| 2025-07-24 | 10.83 |
| 2025-07-23 | 10.72 |
| 2025-07-22 | 10.66 |
| 2025-07-21 | 10.50 |
| 2025-07-18 | 10.62 |
| 2025-07-17 | 10.70 |
| 2025-07-16 | 10.63 |
| 2025-07-15 | 10.79 |
| 2025-07-14 | 10.94 |
| 2025-07-11 | 11.02 |
| 2025-07-10 | 10.91 |
| 2025-07-09 | 10.99 |
| 2025-07-08 | 11.04 |
| 2025-07-07 | 10.89 |