CNOOC (SHSE:600938) Valuation Rank

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.

SHSE:600938 CNOOC Ltd SHSE:600938
83 GF Score
Price ¥30.85
GF Value ¥27.86
Valuation Modestly Overvalued
! 1 Warning Sign
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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

SHSE:600938
83GF Score
CNOOC Ltd SHSE:600938
Valuation Rank is just one metric. See GF Score™, valuation, warning signs, and more.
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Is CNOOC (SHSE:600938) Overvalued in 2026?

Based on GuruFocus' analysis, CNOOC stock appears to be overvalued. The current stock price of ¥30.85 is trading 10.7% above its estimated GF Value™ of ¥27.86. GuruFocus considers CNOOC to be Modestly Overvalued.

Key valuation signals for SHSE:600938:

  • Valuation Rank:
  • GF Value™: ¥27.86 vs. price of ¥30.85 (10.7% above fair value)
  • GF Score™: 83/100 with 1 warning sign

No single metric tells the full story. See the SHSE:600938 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CNOOC Business Description

Industry EnergyOil & Gas
Other Exchanges 00883:Hong Kong
Address 1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077
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.
83GF Score

Get the complete analysis for SHSE:600938

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

¥30.85
Price
¥27.86
GF Value