CNX Resources (STU:CGD) EV-to-FCF: 13.03 (As of Jul. 14, 2026) — 10% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:CGD CNX Resources Corp STU:CGD
71 GF Score
Price €28.32
GF Value €37.16
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is CNX Resources EV-to-FCF?

CNX Resources STU:CGD +1.61% 71 EV-to-FCF is 13.03 as of Jul. 14, 2026, which is 10% below its 10-year median of 14.45. GuruFocus rates STU:CGD with a GF Score™ of 71/100 and a GF Value™ of €37.16 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 579 Oil & Gas companies, CNX Resources ranks better than 60.62% on this metric.

EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, CNX Resources's Enterprise Value is €6,242 Mil. CNX Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €479 Mil. Therefore, CNX Resources's EV-to-FCF for today is 13.03.

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

STU:CGD' s EV-to-FCF Range Over the Past 10 Years
Min: -286.86   Med: 14.45   Max: 361.83
Current: 12.75

During the past 13 years, the highest EV-to-FCF of CNX Resources was 361.83. The lowest was -286.86. And the median was 14.45.

STU:CGD's EV-to-FCF is ranked better than
60.62% of 579 companies
in the Oil & Gas industry
Industry Median: 15.75 vs STU:CGD: 12.75

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 (2026-07-14), CNX Resources's stock price is €28.32. CNX Resources's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €6.204. Therefore, CNX Resources's PE Ratio (TTM) for today is 4.56.


CNX Resources  (STU:CGD) EV-to-FCF Explanation

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.

CNX Resources's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=28.32/6.204
=4.56

CNX Resources's share price for today is €28.32.
CNX Resources's Earnings per Share (Diluted) 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 €6.204.

* 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.


CNX Resources EV-to-FCF Related Terms


CNX Resources EV-to-FCF Historical Data

* Premium members only.

The historical data trend for CNX Resources'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.

CNX Resources EV-to-FCF Chart

CNX Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.00 7.84 40.33 28.08 14.70

CNX 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-FCF 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 21.50 15.92 12.46 14.70 14.36

STU:CGD vs CRC, MGY, MUR: EV-to-FCF Comparison

For the Oil & Gas E&P subindustry, CNX Resources'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.


CNX Resources EV-to-FCF vs Oil & Gas Industry

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

* The bar in red indicates where CNX Resources's EV-to-FCF falls into.


STU:CGD
71GF Score
CNX Resources Corp STU:CGD
EV-to-FCF is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CNX Resources EV-to-FCF Calculation

CNX Resources's EV-to-FCF for today is calculated as:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=6241.863/479.07
=13.03

CNX Resources's current Enterprise Value is €6,242 Mil.
CNX Resources's Free Cash Flow 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 €479 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-FCF →
What does a EV-to-FCF of 13.03 mean?
CNX Resources (STU:CGD) has a EV-to-FCF of 13.03 as of Jul. 14, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on CNX Resources and its competitors. This is 10% below median its historical median of 14.45. According to the industry distribution chart, CNX Resources ranks #228 out of 579 companies in the Oil & Gas industry, placing it in the top 39.4%.
Is CNX Resources' EV-to-FCF too high?
CNX Resources' current EV-to-FCF of 13.03 is 10% below median its 10-year median of 14.45. The Oil & Gas industry median EV-to-FCF is 15.75. CNX Resources' value of 13.03 is 17.3% below this industry median. Based on the distribution chart, CNX Resources ranks #228 out of 579 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNX Resources has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CNX Resources' EV-to-FCF compare to CRC and MGY?
According to the Oil & Gas industry distribution chart, CNX Resources ranks #228 out of 579 companies for EV-to-FCF. This puts CNX Resources in the upper half of its industry. The industry median EV-to-FCF is 15.75. CNX Resources' value of 13.03 is 17.3% below this benchmark. While the company's 10-year median is 14.45 vs. the industry median of 15.75, CNX 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-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.75, 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. CNX Resources's current EV-to-FCF of 13.03 is 17.3% 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 CNX Resources and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNX Resources's current EV-to-FCF is 13.03, which is 10% below median its own 10-year median of 14.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNX Resources stock overvalued right now?
Based on GuruFocus' analysis, CNX Resources (STU:CGD) is currently considered Modestly Undervalued. The stock's GF Value™ is €37.16, compared to a current price of €28.32 — trading 23.8% below its estimated fair value. The current EV-to-FCF is 13.03, which is 10% below median its 10-year median of 14.45 and 17.3% below the Oil & Gas industry median of 15.75. CNX Resources' overall GF Score™ is 71/100 with 6 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 CNX Resources (STU:CGD), the current EV-to-FCF is 13.03 as of Jul. 14, 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 CNX Resources (STU:CGD) Overvalued in 2026?

Based on GuruFocus' analysis, CNX Resources stock appears to be undervalued. The current stock price of €28.32 is trading 23.8% below its estimated GF Value™ of €37.16. GuruFocus considers CNX Resources to be Modestly Undervalued.

Key valuation signals for STU:CGD:

  • EV-to-FCF: 13.03 (10% below median its 10-year median of 14.45)
  • GF Value™: €37.16 vs. price of €28.32 (23.8% below fair value)
  • GF Score™: 71/100 with 6 warning signs
  • Industry Position: 17.3% below the Oil & Gas median (#228 of 579)

No single metric tells the full story. See the STU:CGD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CNX Resources Business Description

Industry EnergyOil & Gas
Other Exchanges CNX:USA
Address 1000 Horizon Vue Drive, CNX Center, Canonsburg, PA, USA, 15317-6506
CNX Resources Corp is an independent natural gas development, production, midstream and technology company centered in the Appalachian Basin. It is focused on unconventional shale formations, prominently the Marcellus Shale and Utica Shale, in Pennsylvania, Ohio and West Virginia. Additionally, the company operates and develops Coalbed Methane (CBM) properties in Virginia. the company has two reportable segments: Shale and Coalbed Methane. The majority of the company's revenue is derived from the Shale segment.
71GF Score

Get the complete analysis for STU:CGD

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

€28.32
Price
€37.16
GF Value