As of 2025-06-15, the Relative Valuation of Canadian Natural Resources Ltd (CNQ.TO) is 39.28 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 45.90 CAD, the upside of Canadian Natural Resources Ltd based on Relative Valuation is -14.4%.
The range of the Relative Valuation is 32.40 - 46.08 CAD.
| Range | Selected | |
| Trailing P/E multiples | 11.8x - 12.7x | 12.4x |
| Forward P/E multiples | 10.3x - 11.7x | 10.8x |
| Fair Price | 32.40 - 46.08 | 39.28 |
| Upside | -29.4% - 0.4% | -14.4% |
| Date | P/E |
| 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 |
| 2025-04-23 | 11.12 |
| 2025-04-22 | 11.20 |
| 2025-04-21 | 10.95 |
| 2025-04-17 | 11.02 |
| 2025-04-16 | 10.80 |
| 2025-04-15 | 10.56 |
| 2025-04-14 | 10.50 |
| 2025-04-11 | 10.43 |
| 2025-04-10 | 10.12 |
| 2025-04-09 | 10.85 |
| 2025-04-08 | 9.91 |
| 2025-04-07 | 10.46 |
| 2025-04-04 | 10.85 |
| 2025-04-03 | 11.62 |