Canadian Natural ResourcesFRA:CRC -2.23%78 Pretax Margin % is 63.94% as of Dec. 2025, which is 222% above its 10-year median of 19.87. GuruFocus rates FRA:CRC with a GF Score™ of 78/100 and a GF Value™ of €29.59 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 921 Oil & Gas companies, Canadian Natural Resources ranks better than 85.45% on this metric.
The historical rank and industry rank for Canadian Natural Resources's Pretax Margin % or its related term are showing as below:
FRA:CRC'
s Pretax Margin % Range Over the Past 10 Years
Min: -8.86 Med: 19.87 Max: 30.17
Current: 29.98
FRA:CRC's Pretax Margin % is ranked better than 85.45% of 921
companies
in the Oil & Gas industry
Industry Median: 5.18
vs FRA:CRC: 29.98
Canadian Natural Resources (FRA:CRC) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Canadian Natural Resources Pretax Margin % Related Terms
Canadian Natural Resources Pretax Margin % 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: Pretax Margin % Comparison
For the Oil & Gas E&P subindustry, Canadian Natural Resources's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Canadian Natural Resources's Pretax Margin % falls into.
* 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 Pretax Margin % of 63.94% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Canadian Natural Resources and its competitors. This is 222% above median its historical median of 19.87. According to the industry distribution chart, Canadian Natural Resources ranks #134 out of 921 companies in the Oil & Gas industry, placing it in the top 14.5%.
Is Canadian Natural Resources' Pretax Margin % too high?
Canadian Natural Resources' current Pretax Margin % of 63.94% is 222% above median its 10-year median of 19.87. The Oil & Gas industry median Pretax Margin % is 5.18. Canadian Natural Resources' value of 63.94% is 1134.4% above this industry median. Based on the distribution chart, Canadian Natural Resources ranks #134 out of 921 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Canadian Natural Resources has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' Pretax Margin % compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Canadian Natural Resources ranks #134 out of 921 companies for Pretax Margin %. This places Canadian Natural Resources in the top 15% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 5.18. Canadian Natural Resources' value of 63.94% is 1134.4% above this benchmark. While the company's 10-year median is 19.87 vs. the industry median of 5.18, Canadian Natural Resources has consistently been above 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 Pretax Margin % for an Oil & Gas company?
The median Pretax Margin % among Oil & Gas companies is 5.18, based on 921 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Canadian Natural Resources's current Pretax Margin % of 63.94% is 1134.4% above 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Canadian Natural Resources and its competitors. For the Oil & Gas industry, the median Pretax Margin % is 5.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canadian Natural Resources's current Pretax Margin % is 63.94%, which is 222% above median its own 10-year median of 19.87. 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 €29.59, compared to a current price of €34.20 — trading 15.6% above its estimated fair value. The current Pretax Margin % is 63.94%, which is 222% above median its 10-year median of 19.87 and 1134.4% above the Oil & Gas industry median of 5.18. Canadian Natural Resources' overall GF Score™ is 78/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current Pretax Margin % is 63.94% as of Dec. 2025. 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 €34.20 is trading 15.6% above its estimated GF Value™ of €29.59.
GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.
Key valuation signals for FRA:CRC:
Pretax Margin %: 63.94% (222% above median its 10-year median of 19.87)
GF Value™: €29.59 vs. price of €34.20 (15.6% above fair value)
Industry Position: 1134.4% above the Oil & Gas median (#134 of 921)
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.
78GF Score
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