TSX:CNQ Ratios and Metrics

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

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 12, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	90,254	93,660	94,051	83,238	62,917	36,129	Upgrade
Market Cap Growth	-13.71%	-0.42%	12.99%	32.30%	74.15%	-27.37%	Upgrade
Enterprise Value	108,613	104,456	106,490	96,749	80,097	59,192	Upgrade
Last Close Price	43.21	43.22	40.35	33.33	22.26	12.19	Upgrade
PE Ratio	10.97	15.34	11.42	7.61	8.21	-	Upgrade
Forward PE	12.70	11.75	10.35	7.40	7.49	58.45	Upgrade
PS Ratio	2.38	2.63	2.62	1.97	2.09	2.14	Upgrade
PB Ratio	2.19	2.37	2.36	2.18	1.70	1.12	Upgrade
P/TBV Ratio	2.19	2.37	2.36	2.18	1.70	1.12	Upgrade
P/FCF Ratio	11.33	11.70	12.64	5.84	6.30	16.77	Upgrade
P/OCF Ratio	6.53	7.00	7.61	4.29	4.35	7.66	Upgrade
PEG Ratio	0.75	0.42	0.42	0.42	-	-	Upgrade
EV/Sales Ratio	2.86	2.93	2.96	2.29	2.67	3.50	Upgrade
EV/EBITDA Ratio	6.04	6.40	6.45	4.31	5.20	10.18	Upgrade
EV/EBIT Ratio	10.08	10.75	10.20	6.54	8.45	-	Upgrade
EV/FCF Ratio	13.64	13.05	14.31	6.79	8.02	27.48	Upgrade
Debt / Equity Ratio	0.45	0.51	0.31	0.34	0.44	0.72	Upgrade
Debt / EBITDA Ratio	1.03	1.22	0.74	0.58	1.06	3.98	Upgrade
Debt / FCF Ratio	2.32	2.53	1.66	0.91	1.63	10.74	Upgrade
Asset Turnover	0.47	0.44	0.47	0.55	0.40	0.22	Upgrade
Inventory Turnover	7.43	7.49	9.24	11.11	10.55	9.74	Upgrade
Quick Ratio	0.47	0.44	0.62	0.57	0.56	0.59	Upgrade
Current Ratio	0.85	0.77	0.96	0.82	0.80	0.86	Upgrade
Return on Equity (ROE)	20.61%	15.40%	21.11%	29.12%	22.11%	-1.29%	Upgrade
Return on Assets (ROA)	8.35%	7.53%	8.58%	12.10%	7.80%	-0.36%	Upgrade
Return on Capital (ROIC)	12.14%	10.85%	12.63%	17.72%	10.90%	-0.48%	Upgrade
Return on Capital Employed (ROCE)	14.00%	12.80%	15.20%	21.90%	13.70%	-	Upgrade
Earnings Yield	9.22%	6.52%	8.75%	13.14%	12.18%	-1.20%	Upgrade
FCF Yield	8.83%	8.54%	7.92%	17.13%	15.87%	5.96%	Upgrade
Dividend Yield	5.44%	4.95%	4.58%	4.65%	4.49%	6.97%	Upgrade
Payout Ratio	55.82%	72.54%	47.26%	29.46%	28.31%	-	Upgrade
Buyback Yield / Dilution	2.63%	2.90%	4.09%	3.15%	-0.40%	0.95%	Upgrade
Total Shareholder Return	8.07%	7.84%	8.68%	7.80%	4.08%	7.92%	Upgrade

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