Canadian Natural Resources (CNQ) Price to Earnings (2010 - 2026)
Canadian Natural Resources' (CNQ) Price to Earnings came in at 9.70 for the quarter ended Jun 30, 2026, down 12.4% from 11.07 a year earlier and down 33.1% from the prior quarter.
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Analysis
Canadian Natural Resources (CNQ) Price to Earnings (2010 - 2026) Analysis & Trends
For the year ended Dec 31, 2025, Canadian Natural Resources' Price to Earnings stood at 9.10, down 37.5% from the prior year.
- In prior years, Canadian Natural Resources' Price to Earnings was 14.56 in the year ended Dec 31, 2024 (+26.4%), 11.51 in the year ended Dec 31, 2023 (+58.2%), 7.28 in the year ended Dec 31, 2022 (-7.9%) and 7.91 in the year ended Dec 31, 2021.
- Quarterly Price to Earnings has run from a low of 5.81 in the quarter ended Sep 30, 2022 to a high of 14.88 in the quarter ended Mar 31, 2024 over five years.
- On a year-over-year basis, Price to Earnings increased in three of the last eight quarters, with an average decline of 4.2%.
- The strongest year-over-year quarter for Price to Earnings in the past five years was the quarter ended Sep 30, 2023, with growth of 132.1%; the weakest was the quarter ended Mar 31, 2022, with a decline of 53.7%.
- According to Business Quant data, Price to Earnings for the three prior quarters was 14.50 (quarter ended Mar 31, 2026), 9.12 (quarter ended Dec 31, 2025) and 14.18 (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 674.90 Bn | 638.12 Bn | - |
| 2 | Shell | 547.48 Bn | 458.03 Bn | 30.13 Bn |
| 3 | Chevron | 408.53 Bn | 386.32 Bn | 33.45 Bn |
| 4 | TotalEnergies SE | 186.30 Bn | 69.43 Bn | - |
| 5 | Eni Spa | 172.32 Bn | 121.84 Bn | - |
| 6 | Conocophillips | 152.28 Bn | 124.99 Bn | 12.81 Bn |
| 7 | Equinor Asa | 106.44 Bn | 52.50 Bn | - |
| 8 | Phillips 66 | 105.58 Bn | 94.57 Bn | 8.38 Bn |
| 9 | Canadian Natural Resources | 100.85 Bn | 97.81 Bn | - |
| 10 | Suncor Energy | 83.03 Bn | 68.83 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.70 |
| Mar 31, 2026 | 14.50 |
| Dec 31, 2025 | 9.12 |
| Sep 30, 2025 | 14.18 |
| Jun 30, 2025 | 11.07 |
| Mar 31, 2025 | 11.90 |
| Dec 31, 2024 | 14.55 |
| Sep 30, 2024 | 12.77 |
| Jun 30, 2024 | 13.48 |
| Mar 31, 2024 | 14.88 |
| Dec 31, 2023 | 11.52 |
| Sep 30, 2023 | 13.48 |
| Jun 30, 2023 | 10.89 |
| Mar 31, 2023 | 8.30 |
| Dec 31, 2022 | 7.23 |
| Sep 30, 2022 | 5.81 |
| Jun 30, 2022 | 6.86 |
| Mar 31, 2022 | 9.49 |
| Dec 31, 2021 | 7.91 |
| Sep 30, 2021 | 9.06 |
API Access
Canadian Natural Resources Price to Earnings 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-earnings&ticker=CNQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-earnings", "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-earnings&ticker=CNQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();