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EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, CNOOC's Enterprise Value is HK$867,107 Mil.
CNOOC's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was HK$150,297 Mil. Therefore, CNOOC's EV-to-FCF for today is 5.77.
The historical rank and industry rank for CNOOC's EV-to-FCF or its related term are showing as below:
HKSE:00883'
s EV-to-FCF Range Over the Past 10 Years
Min: -26.29 Med: -9.46 Max: 37.95
Current: 5.77
During the past 13 years, the highest EV-to-FCF of CNOOC was 37.95. The lowest was -26.29. And the median was -9.46.
HKSE:00883's EV-to-FCF is ranked better than 83.59% of 579
companies
in the Oil & Gas industry
Industry Median: 14.98
vs HKSE:00883: 5.77
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-09-20), CNOOC's stock price is HK$23.60.
CNOOC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was HK$3.269. Therefore, CNOOC's PE Ratio (TTM) for today is 7.22.
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
CNOOC's share price for today is HK$23.60.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. CNOOC's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was HK$3.269.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
CNOOC EV-to-FCF Related Terms
CNOOC EV-to-FCF Historical Data
* Premium members only.
The historical data trend for CNOOC's EV-to-FCF 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.
For the Oil & Gas E&P subindustry, CNOOC's EV-to-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where CNOOC's EV-to-FCF falls into.
CNOOC's current Enterprise Value is HK$867,107 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. CNOOC's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was HK$150,297 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 (HKSE:00883) has a EV-to-FCF of 5.77 as of Sep. 20, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on CNOOC and its competitors. According to the industry distribution chart, CNOOC ranks #95 out of 579 companies in the Oil & Gas industry, placing it in the top 16.4%.
Is CNOOC's EV-to-FCF too high?
CNOOC's current EV-to-FCF is 5.77. The Oil & Gas industry median EV-to-FCF is 14.98. CNOOC's value of 5.77 is 61.5% below this industry median. Based on the distribution chart, CNOOC ranks #95 out of 579 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, CNOOC has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CNOOC's EV-to-FCF compare to COP and EOG?
According to the Oil & Gas industry distribution chart, CNOOC ranks #95 out of 579 companies for EV-to-FCF. This places CNOOC in the top 16% of its industry — outperforming the majority of peers. The industry median EV-to-FCF is 14.98. CNOOC's value of 5.77 is 61.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 14.98, based on 579 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CNOOC's current EV-to-FCF of 5.77 is 61.5% 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-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on CNOOC and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 14.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC's current EV-to-FCF is 5.77. 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?
Based on GuruFocus' analysis, CNOOC (HKSE:00883) is currently considered Significantly Overvalued. The stock's GF Value™ is HK$16.96, compared to a current price of HK$23.60 — trading 39.2% above its estimated fair value. The current EV-to-FCF is 5.77 and 61.5% below the Oil & Gas industry median of 14.98. CNOOC's overall GF Score™ is 82/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For CNOOC (HKSE:00883), the current EV-to-FCF is 5.77 as of Sep. 20, 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 (HKSE:00883) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC stock appears to be overvalued.
The current stock price of HK$23.60 is trading 39.2% above its estimated GF Value™ of HK$16.96.
GuruFocus considers CNOOC to be Significantly Overvalued.
Key valuation signals for HKSE:00883:
EV-to-FCF: 5.77
GF Value™: HK$16.96 vs. price of HK$23.60 (39.2% above fair value)
Industry Position: 61.5% below the Oil & Gas median (#95 of 579)
No single metric tells the full story. See the HKSE:00883 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.
82GF Score
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