Canadian Natural Resources (CNQ) EV to EBITDA (2010 - 2026)
Canadian Natural Resources' EV to EBITDA was 4.38 in the quarter ended Jun 30, 2026, down 13.2% from 5.05 a year earlier and down 30.5% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) EV to EBITDA (2010 - 2026) Analysis & Trends
On a trailing twelve-month basis, Canadian Natural Resources' EV to EBITDA was 4.32 through Jun 30, 2026, down 13.6% year-over-year; for the year ended Dec 31, 2016, it came in at 9.01, up 71.3% from the prior year.
- In earlier years, EV to EBITDA was 5.26 in the year ended Dec 31, 2015 (-28.5%), 7.35 in the year ended Dec 31, 2014 (+47.5%), 4.99 in the year ended Dec 31, 2013 (-3.1%) and 5.14 in the year ended Dec 31, 2012 (-22.0%).
- Quarterly EV to EBITDA has moved between 3.11 (the quarter ended Sep 30, 2022) and 6.67 (the quarter ended Mar 31, 2024) over five years.
- Compared with a year earlier, EV to EBITDA was higher in two of the last eight quarters, with an average decline of 7.2%.
- The best year-over-year quarter for EV to EBITDA over five years was the quarter ended Sep 30, 2023 (growth of 85.6%); the worst was the quarter ended Dec 31, 2021 (a decline of 41.1%).
- Per Business Quant data, CNQ's EV to EBITDA in the three quarters before the quarter ended Jun 30, 2026 was 6.30 (quarter ended Mar 31, 2026), 4.17 (quarter ended Dec 31, 2025) and 5.38 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Shell | 541.34 Bn | 451.89 Bn | 30.13 Bn |
| 2 | Chevron | 403.85 Bn | 381.64 Bn | 33.45 Bn |
| 3 | TotalEnergies SE | 193.34 Bn | 76.47 Bn | - |
| 4 | Eni Spa | 172.00 Bn | 121.52 Bn | - |
| 5 | Conocophillips | 150.68 Bn | 123.39 Bn | 12.81 Bn |
| 6 | Equinor Asa | 103.39 Bn | 49.45 Bn | - |
| 7 | Phillips 66 | 100.64 Bn | 89.62 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 98.19 Bn | 95.14 Bn | - |
| 9 | Suncor Energy | 80.57 Bn | 66.37 Bn | - |
| 10 | Eog Resources | 73.27 Bn | 57.59 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.38 |
| Mar 31, 2026 | 6.30 |
| Dec 31, 2025 | 4.17 |
| Sep 30, 2025 | 5.38 |
| Jun 30, 2025 | 5.05 |
| Mar 31, 2025 | 5.15 |
| Dec 31, 2024 | 5.79 |
| Sep 30, 2024 | 5.71 |
| Jun 30, 2024 | 5.98 |
| Mar 31, 2024 | 6.67 |
| Dec 31, 2023 | 5.46 |
| Sep 30, 2023 | 5.78 |
| Jun 30, 2023 | 4.84 |
| Mar 31, 2023 | 4.05 |
| Dec 31, 2022 | 3.63 |
| Sep 30, 2022 | 3.11 |
| Jun 30, 2022 | 3.66 |
| Mar 31, 2022 | 4.76 |
| Dec 31, 2021 | 3.66 |
| Sep 30, 2021 | 3.79 |
API Access
Canadian Natural Resources EV to EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "ticker": "CNQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebitda&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();