Canadian Natural ResourcesCNQ.NValuation Analysis
Based on the blended 10-year P/E and P/B percentiles, the stock currently sits in the “Richly Valued” zone.
As of Oct 16, 2026, Canadian Natural Resources (CNQ.N) trades at a P/E of 13.40x, P/B of 3.37x, P/S of 3.53x, and a dividend yield of 2.52%.
Longitudinal percentile comparison: P/E sits at the 70th percentile over the trailing 10Y window (vs. 65th percentile over 3Y); P/B sits at the 100th percentile over the trailing 10Y window (vs. 99th percentile over 3Y); P/S sits at the 87th percentile over the trailing 10Y window (vs. 96th percentile over 3Y).
Cross-sectional valuation: its P/E ranks at the 45th percentile within its industry and the 33rd percentile across the broader market.
Shareholder return highlight: Total Shareholder Yield is 3.47%, ranking at the 55th percentile over the trailing 20Y window.
The P/E and P/B percentiles diverge here, differing by 29.6 points — relying on either metric alone could be misleading. Relative to the broader market, its P/E shows a deeper discount than it does against industry peers. Breaking down the total shareholder yield: 2.52% comes from cash dividends, with an implied ~0.95% from buybacks — a fairly balanced mix of both channels. Canadian Natural Resources operates in the Mining sector. Data refreshes weekly and is for reference only, not investment advice.
Also listed as: NYSE: CNQ · CNQ
Want the full picture on whether Canadian Natural Resources (CNQ.N) is under- or over-valued? See the full 3Y / 5Y / 10Y / 20Y P/E, P/B, P/S, Dividend Yield & Total Shareholder Yield percentile matrix and the interactive ECharts trend chart on this page.
Historical Percentiles by Metric
| Metric | Current | Market Percentile | Industry Percentile | 3Y Pctl | 5Y Pctl | 10Y Pctl | 20Y Pctl |
|---|---|---|---|---|---|---|---|
| P/E (TTM) | 13.40 | ||||||
| P/B (MRQ) | 3.37 | ||||||
| P/S (TTM) | 3.53 | ||||||
| Dividend Yield | 2.52% | ||||||
| Buyback + Div Yield | 3.47% |