CNQ
Canadian Natural Resources LimitedEnergy · $98.7B market cap
Verdict
Share price
$48.44
close of Oct 3, 2026
Fair value
$28.95
Sticker Price
Payback Price
$11.58
buy price
CNQ is Overpriced: at $48.44 it trades 67% above its fair value of $28.95. Its buy price (Payback Price) is $11.58, 76% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.
How we valued it
Free Cash Flow. Sales grew -4% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.
Business quality
2 of 5 clear the 10% bar. What are the Big Five?
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3 of the investors we track hold CNQ. In Q2 2026, 1 opened a position and 1 sold out. Who we track
About Canadian Natural Resources Limited
Canadian Natural Resources Limited (CNQ) is an integrated energy enterprise engaged across the full spectrum of upstream and downstream activities related to crude oil, natural gas, and natural gas liquids (NGLs), encompassing acquisition, exploration, development, production, marketing, and sales. Its diverse portfolio of hydrocarbon products encompasses synthetic crude oil (SCO), light and medium crude, bitumen…
Oil & Gas Exploration & Production
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works