Canadian Natural Resources (Canadian Natural Resources) Price-to-Tangible-Book : 2.78 (As of Apr. 24, 2024)

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What is Canadian Natural Resources Price-to-Tangible-Book?

As of today (2024-04-24), Canadian Natural Resources's share price is $76.91. Canadian Natural Resources's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $27.69. Hence, Canadian Natural Resources's Price to Tangible Book Ratio of today is 2.78.

The historical rank and industry rank for Canadian Natural Resources's Price-to-Tangible-Book or its related term are showing as below:

CNQ' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.12 Med: 1.56 Max: 2.84
Current: 2.83

During the past 13 years, Canadian Natural Resources's highest Price to Tangible Book Ratio was 2.84. The lowest was 1.12. And the median was 1.56.

CNQ's Price-to-Tangible-Book is ranked worse than
79.81% of 926 companies
in the Oil & Gas industry
Industry Median: 1.31 vs CNQ: 2.83

A closely related ratio is called PB Ratio. As of today, Canadian Natural Resources's share price is $76.91. Canadian Natural Resources's Book Value per Sharefor the quarter that ended in Dec. 2023 was $27.69. Hence, Canadian Natural Resources's P/B Ratio of today is 2.78.

Canadian Natural Resources Price-to-Tangible-Book Historical Data

The historical data trend for Canadian Natural Resources's Price-to-Tangible-Book can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Canadian Natural Resources Price-to-Tangible-Book Chart

Canadian Natural Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

Get a 7-Day Free Trial

1.45

1.13

1.71

2.18

2.37

Canadian Natural Resources Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															2.18	2.15	2.11	2.40	2.37

Competitive Comparison of Canadian Natural Resources's Price-to-Tangible-Book

For the Oil & Gas E&P subindustry, Canadian Natural Resources's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canadian Natural Resources's Price-to-Tangible-Book Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Canadian Natural Resources's Price-to-Tangible-Book falls into.

Canadian Natural Resources Price-to-Tangible-Book Calculation

Canadian Natural Resources's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	76.91	/	27.685
	=	2.78

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Canadian Natural Resources Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Canadian Natural Resources's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Canadian Natural Resources (Canadian Natural Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Canadian Natural Resources Ltd (NYSE:CNQ) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

CRC:Germany CRC:Germany CNQ:Canada

Address

855 - 2nd Street South West, Suite 2100, Calgary, AB, CAN, T2P 4J8

Website

https://www.cnrl.com

Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include the exploration, development, production, and marketing of crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading Midstream and Refining. It derives a majority of its revenue from North America.