As of 2025-12-25, the Relative Valuation of Canadian Natural Resources Ltd (CNQ.TO) is 34.89 CAD. This relative valuation is based on P/E multiples. With the latest stock price at 45.07 CAD, the upside of Canadian Natural Resources Ltd based on Relative Valuation is -22.6%.
The range of the Relative Valuation is 29.15 - 41.02 CAD.
| Range | Selected | |
| Trailing P/E multiples | 11.3x - 12.8x | 12.4x |
| Forward P/E multiples | 9.2x - 10.5x | 9.5x |
| Fair Price | 29.15 - 41.02 | 34.89 |
| Upside | -35.3% - -9.0% | -22.6% |
| Date | P/E |
| 2025-12-24 | 14.11 |
| 2025-12-23 | 14.07 |
| 2025-12-22 | 13.92 |
| 2025-12-19 | 13.77 |
| 2025-12-18 | 13.59 |
| 2025-12-17 | 13.76 |
| 2025-12-16 | 13.46 |
| 2025-12-15 | 13.98 |
| 2025-12-12 | 14.22 |
| 2025-12-11 | 14.28 |
| 2025-12-10 | 14.56 |
| 2025-12-09 | 14.61 |
| 2025-12-08 | 14.78 |
| 2025-12-05 | 15.01 |
| 2025-12-04 | 15.05 |
| 2025-12-03 | 14.91 |
| 2025-12-02 | 14.69 |
| 2025-12-01 | 14.92 |
| 2025-11-28 | 14.80 |
| 2025-11-27 | 14.63 |
| 2025-11-26 | 14.65 |
| 2025-11-25 | 14.66 |
| 2025-11-24 | 14.55 |
| 2025-11-21 | 14.75 |
| 2025-11-20 | 14.99 |
| 2025-11-19 | 14.96 |
| 2025-11-18 | 14.89 |
| 2025-11-17 | 14.67 |
| 2025-11-14 | 14.73 |
| 2025-11-13 | 14.29 |
| 2025-11-12 | 14.22 |
| 2025-11-11 | 14.21 |
| 2025-11-10 | 14.03 |
| 2025-11-07 | 13.90 |
| 2025-11-06 | 13.91 |
| 2025-11-05 | 14.09 |
| 2025-11-04 | 13.83 |
| 2025-11-03 | 14.05 |
| 2025-10-31 | 14.05 |
| 2025-10-30 | 13.98 |
| 2025-10-29 | 14.03 |
| 2025-10-28 | 13.67 |
| 2025-10-27 | 13.81 |
| 2025-10-24 | 13.70 |
| 2025-10-23 | 13.67 |
| 2025-10-22 | 13.29 |
| 2025-10-21 | 13.12 |
| 2025-10-20 | 13.22 |
| 2025-10-17 | 13.21 |
| 2025-10-16 | 13.30 |