Canadian Natural Resources (CNQ) Price to Book (2010 - 2026)
Canadian Natural Resources' (CNQ) quarterly Price to Book came in at 9.6 in Q2 2026, up 18.37% year-over-year from 8.11 in Q2 2025, and down 17.83% quarter-over-quarter from 11.68 in Q1 2026.
Analysis
Canadian Natural Resources (CNQ) Price to Book (2010 - 2026) Analysis & Trends
Canadian Natural Resources has disclosed Price to Book across 17 years of filings, most recently posting 9.6 for Q2 2026.
- In Q2 2026, Price to Book rose 18.37% year-over-year to 9.6; the TTM figure through Jun 2026 stood at 9.6 (up 18.37% YoY), while the FY2025 annual figure was 8.62, up 275.14% from the prior year.
- Price to Book came in at 9.6 for Q2 2026 at Canadian Natural Resources, down from 11.68 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 11.68 in Q1 2026 to a low of 1.86 in Q3 2022.
- Average Price to Book over 5 years is 5.91, with a median of 7.88 recorded in 2023.
- Year-over-year, Price to Book soared 382.26% in 2023 and plunged 72.85% in 2024.
- Over 5 years, Price to Book stood at 2.18 in 2022, then climbed by 10.33% to 2.4 in 2023, then declined by 4.32% to 2.3 in 2024, then jumped by 274.43% to 8.6 in 2025, then advanced by 11.56% to 9.6 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 9.6 in Q2 2026, 11.68 in Q1 2026, and 8.6 in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Conocophillips | 166.07 Bn | 158.38 Bn | 12.81 Bn |
| 2 | Canadian Natural Resources | 107.37 Bn | 105.48 Bn | 8.84 Bn |
| 3 | Eog Resources | 77.26 Bn | 72.36 Bn | - |
| 4 | Diamondback Energy | 56.93 Bn | 56.47 Bn | 5.55 Bn |
| 5 | Devon Energy | 45.90 Bn | 44.89 Bn | 6.02 Bn |
| 6 | Expand Energy | 23.03 Bn | 21.76 Bn | 2.33 Bn |
| 7 | Permian Resources | 19.81 Bn | 19.55 Bn | - |
| 8 | Ovintiv | 18.04 Bn | 17.15 Bn | 2.83 Bn |
| 9 | Apa | 15.80 Bn | 15.36 Bn | 2.28 Bn |
| 10 | Antero Resources | 12.13 Bn | 11.56 Bn | 1.56 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.60 |
| Mar 31, 2026 | 11.68 |
| Dec 31, 2025 | 8.60 |
| Sep 30, 2025 | 8.17 |
| Jun 30, 2025 | 8.11 |
| Mar 31, 2025 | 8.26 |
| Dec 31, 2024 | 2.30 |
| Sep 30, 2024 | 2.44 |
| Jun 30, 2024 | 2.65 |
| Mar 31, 2024 | 2.79 |
| Dec 31, 2023 | 2.40 |
| Sep 30, 2023 | 8.97 |
| Jun 30, 2023 | 7.91 |
| Mar 31, 2023 | 7.86 |
| Dec 31, 2022 | 2.18 |
| Sep 30, 2022 | 1.86 |
| Jun 30, 2022 | 1.99 |
| Mar 31, 2022 | 8.58 |
| Dec 31, 2021 | 1.65 |
| Sep 30, 2021 | 5.41 |