Canadian Natural Resources (CNQ) Price to Book (2010 - 2026)
Canadian Natural Resources' Price to Book came in at 9.60 for the quarter ended Jun 30, 2026, up 18.4% from 8.11 a year earlier but down 17.8% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Price to Book (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Canadian Natural Resources' Price to Book was 8.62, up 282.8% from the prior year.
- Going back by year, Price to Book was 2.25 in the year ended Dec 31, 2024 (-5.4%), 2.38 in the year ended Dec 31, 2023 (+14.2%), 2.08 in the year ended Dec 31, 2022 (+27.1%) and 1.64 in the year ended Dec 31, 2021 (+42.1%).
- The five-year range for quarterly Price to Book is 1.65 (the quarter ended Dec 31, 2021) to 11.68 (the quarter ended Mar 31, 2026).
- Year-over-year, Price to Book has increased for three consecutive quarters, with growth averaging 36.2% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in the quarter ended Dec 31, 2025 (growth of 274.4%), and the weakest in the quarter ended Mar 31, 2025 (a decline of 17.4%).
- Business Quant data shows CNQ's Price to Book at 11.68 (quarter ended Mar 31, 2026), 8.60 (quarter ended Dec 31, 2025) and 8.17 (quarter ended Sep 30, 2025) in the three quarters before the quarter ended Jun 30, 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 673.87 Bn | 637.09 Bn | - |
| 2 | Shell | 543.95 Bn | 454.50 Bn | 30.13 Bn |
| 3 | Chevron | 409.32 Bn | 387.11 Bn | 33.45 Bn |
| 4 | TotalEnergies SE | 186.50 Bn | 69.63 Bn | - |
| 5 | Eni Spa | 171.15 Bn | 120.67 Bn | - |
| 6 | Conocophillips | 152.65 Bn | 125.36 Bn | 12.81 Bn |
| 7 | Equinor Asa | 105.44 Bn | 51.50 Bn | - |
| 8 | Phillips 66 | 105.42 Bn | 94.41 Bn | 8.38 Bn |
| 9 | Canadian Natural Resources | 99.52 Bn | 96.47 Bn | - |
| 10 | Suncor Energy | 82.47 Bn | 68.27 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 | 8.79 |
| Jun 30, 2024 | 9.43 |
| Mar 31, 2024 | 10.00 |
| 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 | 6.98 |
| Jun 30, 2022 | 7.57 |
| Dec 31, 2021 | 1.65 |
| Sep 30, 2021 | 5.41 |
| Jun 30, 2021 | 5.24 |
API Access
Canadian Natural Resources Price to Book 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=price-to-book&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();