Canadian Natural Resources (FRA:CRC) ROE % Adjusted to Book Value: 23.54% (As of Dec. 2025)


FRA:CRC Canadian Natural Resources Ltd FRA:CRC
78 GF Score
Price €34.78
GF Value €30.16
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Canadian Natural Resources ROE % Adjusted to Book Value?

Canadian Natural Resources FRA:CRC +1.70% 78 ROE % Adjusted to Book Value is 23.54% as of Dec. 2025. GuruFocus rates FRA:CRC with a GF Score™ of 78/100 and a GF Value™ of €30.16 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Canadian Natural Resources's ROE % for the quarter that ended in Dec. 2025 was 50.14%. Canadian Natural Resources's PB Ratio for the quarter that ended in Dec. 2025 was 2.13. Canadian Natural Resources's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was 23.54%.


Canadian Natural Resources ROE % Adjusted to Book Value Related Terms


Canadian Natural Resources ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Canadian Natural Resources's ROE % Adjusted to Book Value 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.

Canadian Natural Resources ROE % Adjusted to Book Value Chart

Canadian Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.54 13.33 9.03 6.63 11.66

Canadian Natural Resources Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 10.72 11.16 2.54 23.54 0.00

FRA:CRC vs COP, EOG, FANG: ROE % Adjusted to Book Value Comparison

For the Oil & Gas E&P subindustry, Canadian Natural Resources's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canadian Natural Resources's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Canadian Natural Resources's ROE % Adjusted to Book Value falls into.


FRA:CRC
78GF Score
Canadian Natural Resources Ltd FRA:CRC
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Natural Resources ROE % Adjusted to Book Value Calculation

Canadian Natural Resources's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=24.84% / 2.13
=11.66%

Canadian Natural Resources's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=50.14% / 2.13
=23.54%

* 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.

What does a ROE % Adjusted to Book Value of 23.54% mean?
Canadian Natural Resources (FRA:CRC) has a ROE % Adjusted to Book Value of 23.54% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Canadian Natural Resources and its competitors.
Is Canadian Natural Resources' ROE % Adjusted to Book Value too high?
Canadian Natural Resources' current ROE % Adjusted to Book Value is 23.54%. 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' ROE % Adjusted to Book Value compare to COP and EOG?
Canadian Natural Resources' ROE % Adjusted to Book Value of 23.54% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Canadian Natural Resources and its competitors. Canadian Natural Resources's current ROE % Adjusted to Book Value is 23.54%. 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 €30.16, compared to a current price of €34.78 — trading 15.3% above its estimated fair value. The current ROE % Adjusted to Book Value is 23.54%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current ROE % Adjusted to Book Value is 23.54% 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 €34.78 is trading 15.3% above its estimated GF Value™ of €30.16. GuruFocus considers Canadian Natural Resources to be Modestly Overvalued.

Key valuation signals for FRA:CRC:

  • ROE % Adjusted to Book Value: 23.54%
  • GF Value™: €30.16 vs. price of €34.78 (15.3% above fair value)
  • GF Score™: 78/100 with 2 warning signs

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 Business Description

Industry EnergyOil & Gas
Address 855 - 2 Street S.W, Suite 2100, Calgary, AB, CAN, T2P 4J8
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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€34.78
Price
€30.16
GF Value