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Canadian Natural ResourcesFRA:CRC +1.96%81 Equity-to-Asset is 0.49 as of Jun. 2026, which is 7% above its 10-year median of 0.46. GuruFocus rates FRA:CRC with a GF Score™ of 81/100 and a GF Value™ of €36.12 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,033 Oil & Gas companies, Canadian Natural Resources ranks worse than 50.15% on this metric.
Canadian Natural Resources (FRA:CRC) Equity-to-Asset Explanation
Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.
For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.
Canadian Natural Resources Equity-to-Asset Related Terms
Canadian Natural Resources Equity-to-Asset 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.
FRA:CRC vs COP, EOG, FANG: Equity-to-Asset Comparison
For the Oil & Gas E&P subindustry, Canadian Natural Resources's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Equity-to-Asset distribution charts can be found below:
* The bar in red indicates where Canadian Natural Resources's Equity-to-Asset falls into.
Canadian Natural Resources Equity-to-Asset Calculation
Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.
Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.
Canadian Natural Resources's Equity to Asset Ratio 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.
Canadian Natural Resources (FRA:CRC) has a Equity-to-Asset of 0.49 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Canadian Natural Resources and its competitors. This is near median its historical median of 0.46. Over the past decade, Canadian Natural Resources' Equity-to-Asset has ranged from 0.43 to 0.53. According to the industry distribution chart, Canadian Natural Resources ranks #518 out of 1033 companies in the Oil & Gas industry, placing it in the top 50.1%.
Is Canadian Natural Resources' Equity-to-Asset too high?
Canadian Natural Resources' current Equity-to-Asset of 0.49 is near median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.43 to a high of 0.53. The Oil & Gas industry median Equity-to-Asset is 0.50. Canadian Natural Resources' value of 0.49 is 2% below this industry median. Based on the distribution chart, Canadian Natural Resources ranks #518 out of 1033 companies in the Oil & Gas industry, which is below 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' Equity-to-Asset compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Natural Resources ranks #518 out of 1033 companies for Equity-to-Asset. This places Canadian Natural Resources in the lower half of its industry. The industry median Equity-to-Asset is 0.50. Canadian Natural Resources' value of 0.49 is 2% below this benchmark. Historically, Canadian Natural Resources' own Equity-to-Asset has ranged from 0.43 to 0.53 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.50, 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 Equity-to-Asset for an Oil & Gas company?
The median Equity-to-Asset among Oil & Gas companies is 0.50, based on 1,033 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Natural Resources's current Equity-to-Asset of 0.49 is 2% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on Canadian Natural Resources and its competitors. For the Oil & Gas industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Natural Resources's current Equity-to-Asset is 0.49, which is near median its own 10-year median of 0.46. 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 €36.12, compared to a current price of €43.50 — trading 20.4% above its estimated fair value. The current Equity-to-Asset is 0.49, which is near median its 10-year median of 0.46 and 2% below the Oil & Gas industry median of 0.50. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current Equity-to-Asset is 0.49 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 €43.50 is trading 20.4% above its estimated GF Value™ of €36.12.
GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.
Key valuation signals for FRA:CRC:
Equity-to-Asset: 0.49 (near median its 10-year median of 0.46)
GF Value™: €36.12 vs. price of €43.50 (20.4% above fair value)
Industry Position: 2% below the Oil & Gas median (#518 of 1033)
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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