CNOOCHAM:NC2B 79 EV-to-Revenue is 1.91 as of Jun. 24, 2026, which is 23% above its 10-year median of 1.55. GuruFocus rates HAM:NC2B with a GF Score™ of 79/100 and a GF Value™ of €1.93. The stock has 1 warning sign investors should review. Among 911 Oil & Gas companies, CNOOC ranks better than 51.48% on this metric.
EV-to-Revenue is calculated as enterprise value divided by its revenue. As of today, CNOOC's enterprise value is €95,092 Mil.
CNOOC's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €49,673 Mil. Therefore, CNOOC's EV-to-Revenue for today is 1.91.
The historical rank and industry rank for CNOOC's EV-to-Revenue or its related term are showing as below:
HAM:NC2B'
s EV-to-Revenue Range Over the Past 10 Years
Min: 0.72 Med: 1.55 Max: 6.61
Current: 1.89
During the past 13 years, the highest EV-to-Revenue of CNOOC was 6.61. The lowest was 0.72. And the median was 1.55.
HAM:NC2B's EV-to-Revenue is ranked better than 51.48% of 911
companies
in the Oil & Gas industry
Industry Median: 1.98
vs HAM:NC2B: 1.89
As of today (2026-06-24), CNOOC's stock price is €2.16.
CNOOC's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was €1.04. Therefore, CNOOC's PS Ratio for today is 2.07.
CNOOC's share price for today is €2.16.
CNOOC's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.04.
* 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.
CNOOC EV-to-Revenue Related Terms
CNOOC EV-to-Revenue Historical Data
* Premium members only.
The historical data trend for CNOOC's EV-to-Revenue 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.
HAM:NC2B vs COP, EOG, OXY: EV-to-Revenue Comparison
For the Oil & Gas E&P subindustry, CNOOC's EV-to-Revenue, along with its competitors' market caps and EV-to-Revenue 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.
CNOOC EV-to-Revenue vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC's EV-to-Revenue distribution charts can be found below:
* The bar in red indicates where CNOOC's EV-to-Revenue falls into.
CNOOC's current Enterprise Value is €95,092 Mil.
CNOOC's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €49,673 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.
CNOOC (HAM:NC2B) has a EV-to-Revenue of 1.91 as of Jun. 24, 2026. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on CNOOC and its competitors. This is 23% above median its historical median of 1.55. Over the past decade, CNOOC's EV-to-Revenue has ranged from 0.72 to 6.61. According to the industry distribution chart, CNOOC ranks #442 out of 911 companies in the Oil & Gas industry, placing it in the top 48.5%.
Is CNOOC's EV-to-Revenue too high?
CNOOC's current EV-to-Revenue of 1.91 is 23% above median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 6.61. The Oil & Gas industry median EV-to-Revenue is 1.98. CNOOC's value of 1.91 is 3.5% below this industry median. Based on the distribution chart, CNOOC ranks #442 out of 911 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does CNOOC's EV-to-Revenue compare to COP and EOG?
According to the Oil & Gas industry distribution chart, CNOOC ranks #442 out of 911 companies for EV-to-Revenue. This puts CNOOC in the upper half of its industry. The industry median EV-to-Revenue is 1.98. CNOOC's value of 1.91 is 3.5% below this benchmark. Historically, CNOOC's own EV-to-Revenue has ranged from 0.72 to 6.61 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 1.98, CNOOC 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-Revenue for an Oil & Gas company?
The median EV-to-Revenue among Oil & Gas companies is 1.98, based on 911 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-Revenue significantly above this median, while those in the bottom quartile fall well below. However, EV-to-Revenue should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CNOOC's current EV-to-Revenue of 1.91 is 3.5% 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-Revenue mean?
A high EV-to-Revenue can signal that a stock is expensive relative to its fundamentals. EV to Revenue ratio is the company's enterprise value divided by sales. View historical data on CNOOC and its competitors. For the Oil & Gas industry, the median EV-to-Revenue is 1.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC's current EV-to-Revenue is 1.91, which is 23% above median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC stock overvalued right now?
CNOOC (HAM:NC2B) has a current EV-to-Revenue of 1.91. The stock's GF Value™ is €1.93, compared to a current price of €2.16 — trading 11.9% above its estimated fair value. The current EV-to-Revenue is 1.91, which is 23% above median its 10-year median of 1.55 and 3.5% below the Oil & Gas industry median of 1.98. CNOOC's overall GF Score™ is 79/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-Revenue calculated?
EV-to-Revenue is calculated from a company's financial statements. For CNOOC (HAM:NC2B), the current EV-to-Revenue is 1.91 as of Jun. 24, 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 CNOOC (HAM:NC2B) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC stock appears to be overvalued.
The current stock price of €2.16 is trading 11.9% above its estimated GF Value™ of €1.93.
Key valuation signals for HAM:NC2B:
EV-to-Revenue: 1.91 (23% above median its 10-year median of 1.55)
GF Value™: €1.93 vs. price of €2.16 (11.9% above fair value)
Industry Position: 3.5% below the Oil & Gas median (#442 of 911)
No single metric tells the full story. See the HAM:NC2B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Net production for 2025 reached 777.3 million barrels of oil equivalent (77.2% oil), and year-end proven reserves were 7.77 billion barrels of oil equivalent. Assets outside China make up around 30.9% of production.
79GF Score
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