Canadian Natural Resources (CNQ) - P/B ratio

P/B ratio as of March 2026 : 3.20

According to Canadian Natural Resources's latest financial reports the company has a price-to-book ratio of 3.26815.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Canadian Natural Resources - P/B ratio (from 2001 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	2.21	-5.2%
2024-12-31	2.33	-1.98%
2023-12-31	2.38	8.76%
2022-12-31	2.19	28.4%
2021-12-31	1.70	52.53%
2020-12-31	1.12	-21.67%
2019-12-31	1.42	15.02%
2018-12-31	1.24	-28.32%
2017-12-31	1.73	-3.77%
2016-12-31	1.80	48.66%
2015-12-31	1.21	-11%
2014-12-31	1.36	-10.48%
2013-12-31	1.52	17.74%
2012-12-31	1.29	-29.16%
2011-12-31	1.82	-23.44%
2010-12-31	2.37	11.34%
2009-12-31	2.13	49%
2008-12-31	1.43	-51.6%
2007-12-31	2.96	-5.2%
2006-12-31	3.12	-17.09%
2005-12-31	3.76	99.98%
2004-12-31	1.88	31.31%
2003-12-31	1.43	10.93%
2002-12-31	1.29

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Occidental Petroleum OXY	1.77	-44.62%	🇺🇸 USA
Imperial Oil IMO	4.00	25.01%	🇨🇦 Canada
Suncor Energy SU	2.40	-25.00%	🇨🇦 Canada
Cenovus Energy CVE	2.19	-31.54%	🇨🇦 Canada

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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