Canadian Natural Resources Limited (TSX:CNQ)

TSX:CNQ Ratios and Metrics

Market cap in millions CAD. Fiscal year is January - December.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Nov 25, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Market Capitalization	96,823	93,660	94,051	83,238	62,917	36,129
Market Cap Growth	-3.53%	-0.42%	12.99%	32.30%	74.15%	-27.37%
Enterprise Value	115,428	104,456	106,490	96,749	80,097	59,192
Last Close Price	46.48	42.65	39.82	32.89	21.97	12.03
PE Ratio	14.68	15.34	11.42	7.61	8.21	-
Forward PE	14.29	11.75	10.35	7.40	7.49	58.45
PS Ratio	2.51	2.63	2.62	1.97	2.09	2.14
PB Ratio	2.39	2.37	2.36	2.18	1.70	1.12
P/TBV Ratio	2.39	2.37	2.36	2.18	1.70	1.12
P/FCF Ratio	11.91	11.70	12.64	5.84	6.30	16.77
P/OCF Ratio	6.56	7.00	7.61	4.29	4.35	7.66
PEG Ratio	0.89	2.56	-	0.42	-	-
EV/Sales Ratio	2.99	2.93	2.96	2.29	2.67	3.50
EV/EBITDA Ratio	7.06	6.40	6.45	4.65	5.20	10.18
EV/EBIT Ratio	13.01	10.75	10.20	6.54	8.45	-
EV/FCF Ratio	14.20	13.05	14.31	6.79	8.02	27.48
Debt / Equity Ratio	0.46	0.51	0.31	0.34	0.44	0.72
Debt / EBITDA Ratio	1.15	1.22	0.74	0.62	1.06	3.98
Debt / FCF Ratio	2.30	2.53	1.66	0.91	1.63	10.74
Asset Turnover	0.48	0.44	0.47	0.55	0.40	0.22
Inventory Turnover	7.46	7.49	9.24	11.11	10.55	9.74
Quick Ratio	0.46	0.44	0.62	0.57	0.56	0.59
Current Ratio	0.86	0.77	0.96	0.82	0.80	0.86
Return on Equity (ROE)	16.56%	15.40%	21.11%	29.12%	22.11%	-1.29%
Return on Assets (ROA)	6.90%	7.53%	8.58%	12.10%	7.80%	-0.36%
Return on Capital (ROIC)	10.03%	10.85%	12.63%	17.72%	10.90%	-0.48%
Return on Capital Employed (ROCE)	11.50%	12.80%	15.20%	21.90%	13.70%	-0.60%
Earnings Yield	6.87%	6.52%	8.75%	13.14%	12.18%	-1.20%
FCF Yield	8.39%	8.54%	7.92%	17.13%	15.87%	5.96%
Dividend Yield	5.06%	5.01%	4.64%	4.71%	4.55%	7.06%
Payout Ratio	71.45%	72.54%	47.26%	29.46%	28.31%	-
Buyback Yield / Dilution	2.31%	2.90%	4.09%	3.15%	-0.40%	0.95%
Total Shareholder Return	7.30%	7.91%	8.74%	7.86%	4.14%	8.01%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.