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Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Canadian Natural Resources's Enterprise Value is MXN1,856,798 Mil.
Canadian Natural Resources's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was MXN203,356 Mil. Therefore, Canadian Natural Resources's EV-to-EBIT ratio for today is 9.13.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Canadian Natural Resources (MEX:CNQN) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Canadian Natural Resources's EV-to-EBIT for today is
Canadian Natural Resources's current Enterprise Value is MXN1,856,798 Mil.
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 MXN203,356 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Canadian Natural Resources's EV-to-EBITDA for today is:
Canadian Natural Resources's current Enterprise Value is MXN1,856,798 Mil.
Canadian Natural Resources's EBITDA 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 MXN327,379 Mil.
Canadian Natural Resources's current Enterprise Value is MXN1,856,798 Mil.
Canadian Natural Resources's Revenue 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 MXN663,640 Mil.
Canadian Natural Resources's current Enterprise Value is MXN1,856,798 Mil.
Canadian Natural Resources's Cash Flow from Operations 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 MXN229,396 Mil.
Canadian Natural Resources's current Enterprise Value is MXN1,856,798 Mil.
Canadian Natural Resources's Free Cash Flow 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 MXN125,690 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 Enterprise Value Related Terms
Canadian Natural Resources Enterprise Value Historical Data
* 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.
MEX:CNQN vs COP, EOG, FANG: Enterprise Value Comparison
For the Oil & Gas E&P subindustry, Canadian Natural Resources's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Canadian Natural Resources's Enterprise Value falls into.
Canadian Natural Resources Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Canadian Natural Resources's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of MXN1,856,798 Mil mean?
Canadian Natural Resources (MEX:CNQN) has a Enterprise Value of MXN1,856,798 Mil as of Aug. 13, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Canadian Natural Resources and its competitors.
Is Canadian Natural Resources' Enterprise Value too high?
Canadian Natural Resources' current Enterprise Value is MXN1,856,798 Mil. Overall, Canadian Natural Resources has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' Enterprise Value compare to COP and EOG?
Canadian Natural Resources' Enterprise Value of MXN1,856,798 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Oil & Gas company?
A good Enterprise Value depends on the Oil & Gas industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Canadian Natural Resources and its competitors. Canadian Natural Resources's current Enterprise Value is MXN1,856,798 Mil. 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?
Canadian Natural Resources (MEX:CNQN) has a current Enterprise Value of MXN1,856,798 Mil. The stock's GF Value™ is MXN657.32, compared to a current price of MXN780.00 — trading 18.7% above its estimated fair value. The current Enterprise Value is MXN1,856,798 Mil. Canadian Natural Resources' overall GF Score™ is 81/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Canadian Natural Resources (MEX:CNQN), the current Enterprise Value is MXN1,856,798 Mil as of Aug. 13, 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 (MEX:CNQN) Overvalued in 2026?
Based on GuruFocus' analysis, Canadian Natural Resources stock appears to be overvalued.
The current stock price of MXN780.00 is trading 18.7% above its estimated GF Value™ of MXN657.32.
Key valuation signals for MEX:CNQN:
Enterprise Value: MXN1,856,798 Mil
GF Value™: MXN657.32 vs. price of MXN780.00 (18.7% above fair value)
No single metric tells the full story. See the MEX:CNQN 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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