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Canadian Natural ResourcesFRA:CRC +0.13%81 Earnings Yield (Joel Greenblatt) % is 12.14% as of Jun. 2026, which is 50% above its 10-year median of 8.12. GuruFocus rates FRA:CRC with a GF Score™ of 81/100 and a GF Value™ of €35.88 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,043 Oil & Gas companies, Canadian Natural Resources ranks better than 72.58% on this metric.
Canadian Natural Resources's Enterprise Value for the quarter that ended in Jun. 2026 was €80,442 Mil.
Canadian Natural Resources's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €9,828 Mil. Canadian Natural Resources's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 12.14%.
The historical rank and industry rank for Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
FRA:CRC'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.96 Med: 8.12 Max: 19.43
Current: 10.46
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Canadian Natural Resources was 19.43%. The lowest was -1.96%. And the median was 8.12%.
FRA:CRC's Earnings Yield (Joel Greenblatt) % is ranked better than 72.58% of 1043
companies
in the Oil & Gas industry
Industry Median: 5.19
vs FRA:CRC: 10.46
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Canadian Natural Resources's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 16.81%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Canadian Natural Resources (FRA:CRC) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Canadian Natural Resources Earnings Yield (Joel Greenblatt) % Related Terms
Canadian Natural Resources Earnings Yield (Joel Greenblatt) % Historical Data
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The historical data trend for Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % 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.
Canadian Natural Resources Earnings Yield (Joel Greenblatt) % Chart
For the Oil & Gas E&P subindustry, Canadian Natural Resources's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % falls into.
Canadian Natural Resources Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Canadian Natural Resourcess Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
Canadian Natural Resources's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €9,828 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 12.14% mean?
Canadian Natural Resources (FRA:CRC) has a Earnings Yield (Joel Greenblatt) % of 12.14% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Canadian Natural Resources and its competitors. This is 50% above median its historical median of 8.12. According to the industry distribution chart, Canadian Natural Resources ranks #286 out of 1043 companies in the Oil & Gas industry, placing it in the top 27.4%.
Is Canadian Natural Resources' Earnings Yield (Joel Greenblatt) % too high?
Canadian Natural Resources' current Earnings Yield (Joel Greenblatt) % of 12.14% is 50% above median its 10-year median of 8.12. The Oil & Gas industry median Earnings Yield (Joel Greenblatt) % is 5.19. Canadian Natural Resources' value of 12.14% is 133.9% above this industry median. Based on the distribution chart, Canadian Natural Resources ranks #286 out of 1043 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Canadian Natural Resources has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' Earnings Yield (Joel Greenblatt) % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Natural Resources ranks #286 out of 1043 companies for Earnings Yield (Joel Greenblatt) %. This puts Canadian Natural Resources in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 5.19. Canadian Natural Resources' value of 12.14% is 133.9% above this benchmark. While the company's 10-year median is 8.12 vs. the industry median of 5.19, Canadian Natural Resources has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Oil & Gas company?
The median Earnings Yield (Joel Greenblatt) % among Oil & Gas companies is 5.19, based on 1,043 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Natural Resources's current Earnings Yield (Joel Greenblatt) % of 12.14% is 133.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on Canadian Natural Resources and its competitors. For the Oil & Gas industry, the median Earnings Yield (Joel Greenblatt) % is 5.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Natural Resources's current Earnings Yield (Joel Greenblatt) % is 12.14%, which is 50% above median its own 10-year median of 8.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Natural Resources stock overvalued right now?
Based on GuruFocus' analysis, Canadian Natural Resources (FRA:CRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €35.88, compared to a current price of €41.88 — trading 16.7% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 12.14%, which is 50% above median its 10-year median of 8.12 and 133.9% above the Oil & Gas industry median of 5.19. Canadian Natural Resources' overall GF Score™ is 81/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current Earnings Yield (Joel Greenblatt) % is 12.14% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Canadian Natural Resources (FRA:CRC) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Natural Resources stock appears to be overvalued.
The current stock price of €41.88 is trading 16.7% above its estimated GF Value™ of €35.88.
GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.
Key valuation signals for FRA:CRC:
Earnings Yield (Joel Greenblatt) %: 12.14% (50% above median its 10-year median of 8.12)
GF Value™: €35.88 vs. price of €41.88 (16.7% above fair value)
Industry Position: 133.9% above the Oil & Gas median (#286 of 1043)
No single metric tells the full story. See the FRA:CRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen through its drilling and mining operations. Bitumen from mining operations is upgraded into synthetic crude oil. Commodities produced are primarily exported to the US via pipeline. The company also has smaller offshore production operations in the North Sea and Africa.
81GF Score
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Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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