Canadian Natural Resources (FRA:CRC) EV-to-EBIT: 10.59 (As of Aug. 05, 2026) — Near Median

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FRA:CRC Canadian Natural Resources Ltd FRA:CRC
80 GF Score
Price €40.40
GF Value €29.37
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Canadian Natural Resources EV-to-EBIT?

Canadian Natural Resources FRA:CRC -0.72% 80 EV-to-EBIT is 10.59 as of Aug. 05, 2026, which is 5% below its 10-year median of 11.17. GuruFocus rates FRA:CRC with a GF Score™ of 80/100 and a GF Value™ of €29.37 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 694 Oil & Gas companies, Canadian Natural Resources ranks better than 54.32% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Canadian Natural Resources's Enterprise Value is €93,646 Mil. Canadian Natural Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €8,843 Mil. Therefore, Canadian Natural Resources's EV-to-EBIT for today is 10.59.

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

FRA:CRC' s EV-to-EBIT Range Over the Past 10 Years
Min: -1521.76   Med: 11.17   Max: 958.29
Current: 10.75

During the past 13 years, the highest EV-to-EBIT of Canadian Natural Resources was 958.29. The lowest was -1521.76. And the median was 11.17.

FRA:CRC's EV-to-EBIT is ranked better than
54.32% of 694 companies
in the Oil & Gas industry
Industry Median: 11.815 vs FRA:CRC: 10.75

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Canadian Natural Resources's Enterprise Value for the quarter that ended in Dec. 2025 was €68,342 Mil. Canadian Natural Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €8,843 Mil. Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 12.94%.


Canadian Natural Resources  (FRA:CRC) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Canadian Natural Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2025 ) =EBIT / Enterprise Value (Q: Dec. 2025 )
=8842.76/68341.89602
=12.94 %

Canadian Natural Resources's Enterprise Value for the quarter that ended in Dec. 2025 was €68,342 Mil.
Canadian Natural Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,843 Mil.

* 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 EV-to-EBIT Related Terms


Canadian Natural Resources EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Canadian Natural Resources's EV-to-EBIT 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 EV-to-EBIT Chart

Canadian Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.14 6.47 9.44 12.83 7.89

Canadian Natural Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.54 9.60 12.62 7.89 0.00

FRA:CRC vs COP, EOG, FANG: EV-to-EBIT Comparison

For the Oil & Gas E&P subindustry, Canadian Natural Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Oil & Gas Industry

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

* The bar in red indicates where Canadian Natural Resources's EV-to-EBIT falls into.


FRA:CRC
80GF Score
Canadian Natural Resources Ltd FRA:CRC
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Canadian Natural Resources EV-to-EBIT Calculation

Canadian Natural Resources's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=93646.334/8842.76
=10.59

Canadian Natural Resources's current Enterprise Value is €93,646 Mil.
Canadian Natural Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €8,843 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 10.59 mean?
Canadian Natural Resources (FRA:CRC) has a EV-to-EBIT of 10.59 as of Aug. 05, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Canadian Natural Resources and its competitors. This is near median its historical median of 11.17. According to the industry distribution chart, Canadian Natural Resources ranks #317 out of 694 companies in the Oil & Gas industry, placing it in the top 45.7%.
Is Canadian Natural Resources' EV-to-EBIT too high?
Canadian Natural Resources' current EV-to-EBIT of 10.59 is near median its 10-year median of 11.17. The Oil & Gas industry median EV-to-EBIT is 11.82. Canadian Natural Resources' value of 10.59 is 10.4% below this industry median. Based on the distribution chart, Canadian Natural Resources ranks #317 out of 694 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Canadian Natural Resources has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' EV-to-EBIT compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Natural Resources ranks #317 out of 694 companies for EV-to-EBIT. This puts Canadian Natural Resources in the upper half of its industry. The industry median EV-to-EBIT is 11.82. Canadian Natural Resources' value of 10.59 is 10.4% below this benchmark. While the company's 10-year median is 11.17 vs. the industry median of 11.82, Canadian Natural Resources has consistently been below 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 EV-to-EBIT for an Oil & Gas company?
The median EV-to-EBIT among Oil & Gas companies is 11.82, based on 694 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Natural Resources's current EV-to-EBIT of 10.59 is 10.4% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Canadian Natural Resources and its competitors. For the Oil & Gas industry, the median EV-to-EBIT is 11.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Natural Resources's current EV-to-EBIT is 10.59, which is near median its own 10-year median of 11.17. 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 Significantly Overvalued. The stock's GF Value™ is €29.37, compared to a current price of €40.40 — trading 37.5% above its estimated fair value. The current EV-to-EBIT is 10.59, which is near median its 10-year median of 11.17 and 10.4% below the Oil & Gas industry median of 11.82. Canadian Natural Resources' overall GF Score™ is 80/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current EV-to-EBIT is 10.59 as of Aug. 05, 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 €40.40 is trading 37.5% above its estimated GF Value™ of €29.37. GuruFocus considers Canadian Natural Resources to be Significantly Overvalued.

Key valuation signals for FRA:CRC:

  • EV-to-EBIT: 10.59 (near median its 10-year median of 11.17)
  • GF Value™: €29.37 vs. price of €40.40 (37.5% above fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 10.4% below the Oil & Gas median (#317 of 694)

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 Business Description

Industry EnergyOil & Gas
Address 855 - 2 Street S.W, Suite 2100, Calgary, AB, CAN, T2P 4J8
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.
80GF Score

Get the complete analysis for FRA:CRC

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€40.40
Price
€29.37
GF Value