As of 2025-07-07, the Relative Valuation of Canadian Natural Resources Ltd (CNQ.TO) is 38.03 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 43.77 CAD, the upside of Canadian Natural Resources Ltd based on Relative Valuation is -13.1%.
The range of the Relative Valuation is 30.20 - 44.20 CAD.
| Range | Selected | |
| Trailing P/E multiples | 11.6x - 12.2x | 12.0x |
| Forward P/E multiples | 9.6x - 11.4x | 10.3x |
| Fair Price | 30.20 - 44.20 | 38.03 |
| Upside | -31.0% - 1.0% | -13.1% |
| Date | P/E |
| 2025-07-04 | 12.10 |
| 2025-07-03 | 12.11 |
| 2025-07-02 | 12.18 |
| 2025-06-30 | 11.83 |
| 2025-06-27 | 11.92 |
| 2025-06-26 | 12.04 |
| 2025-06-25 | 11.90 |
| 2025-06-24 | 11.96 |
| 2025-06-23 | 12.20 |
| 2025-06-20 | 12.72 |
| 2025-06-19 | 12.73 |
| 2025-06-18 | 12.72 |
| 2025-06-17 | 12.84 |
| 2025-06-16 | 12.51 |
| 2025-06-13 | 12.69 |
| 2025-06-12 | 12.46 |
| 2025-06-11 | 12.37 |
| 2025-06-10 | 12.17 |
| 2025-06-09 | 11.96 |
| 2025-06-06 | 11.96 |
| 2025-06-05 | 11.71 |
| 2025-06-04 | 11.70 |
| 2025-06-03 | 11.93 |
| 2025-06-02 | 11.67 |
| 2025-05-30 | 11.52 |
| 2025-05-29 | 11.75 |
| 2025-05-28 | 11.76 |
| 2025-05-27 | 11.90 |
| 2025-05-26 | 11.83 |
| 2025-05-23 | 11.78 |
| 2025-05-22 | 11.82 |
| 2025-05-21 | 11.78 |
| 2025-05-20 | 11.81 |
| 2025-05-16 | 11.86 |
| 2025-05-15 | 11.93 |
| 2025-05-14 | 12.14 |
| 2025-05-13 | 12.42 |
| 2025-05-12 | 12.15 |
| 2025-05-09 | 11.76 |
| 2025-05-08 | 11.56 |
| 2025-05-07 | 11.01 |
| 2025-05-06 | 10.86 |
| 2025-05-05 | 10.69 |
| 2025-05-02 | 11.07 |
| 2025-05-01 | 11.06 |
| 2025-04-30 | 10.94 |
| 2025-04-29 | 11.21 |
| 2025-04-28 | 11.31 |
| 2025-04-25 | 11.25 |
| 2025-04-24 | 11.25 |