Canadian Natural Resources CNQ
NYSE CNQ
$51.33 +0.43 (+0.84%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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