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CNOOC (SHSE:600938) Valuation Rank


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What is CNOOC Valuation Rank?

The Valuation Rank measures the current valuation of a business relative to other companies in the same industry and its own historical valuation. The companies are split in equal numbers and then ranked from 1 to 10, with 10 as the most undervalued and 1 as the most overvalued.

  1. Three factors:
    • Absolute valuation (medpsvalue) relative to current stock price, rank among all companies
    • Historical valuation over the past 10 years. Rank pe, ps, pocf, ev2ebit over their own historical values
    • Industry relative valuation
  2. Companies without enough data is not ranked
  3. Companies with negative earnings are ranked lower

These three factors are used to calculate the value score for every eligible company, with values from 1 to 10. The final ranked companies are split in equal numbers and ranked from 1 to 10, with 10 as the most undervalued, and 1 as the most overvalued. The numbers of companies in each rank are the same.

CNOOC Valuation Rank Related Terms

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CNOOC (SHSE:600938) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Ltd (SHSE:600938) » Definitions » Valuation Rank
Comparable Companies
HKSE:00467 HKSE:01101 HKSE:01555 HKSE:03395 HKSE:02012 HKSE:00632 COP TSX:CNQ EOG OXY HES MIC:NVTK ASX:WDS FANG DVN CTRA TSE:1605 EQT TSX:TOU BKK:PTTEP
Traded in Other Exchanges
00883:Hong Kong NC2B:Germany
Address
1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077
Website
https://www.cnoocltd.com
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. Production for 2022 averaged 1.71 million barrels of oil equivalent per day (78.5% oil), and year-end proven reserves were 6.24 billion barrels of oil equivalent, or boe, (73.8% oil). Assets outside China make up around 30.6% of production.