Canadian Natural Resources (FRA:CRC) Selling, General, & Admin. Expense: €498 Mil (TTM As of Dec. 2025)

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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:CRC Canadian Natural Resources Ltd FRA:CRC
81 GF Score
Price €41.00
GF Value €30.41
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Canadian Natural Resources Selling, General, & Admin. Expense?

Canadian Natural Resources FRA:CRC +2.19% 81 Selling, General, & Admin. Expense is €498 Mil as of Dec. 2025. GuruFocus rates FRA:CRC with a GF Score™ of 81/100 and a GF Value™ of €30.41 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Canadian Natural Resources's selling, general, & admin. expense for the three months ended in Dec. 2025 was €150 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was €498 Mil.


Canadian Natural Resources  (FRA:CRC) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Canadian Natural Resources Selling, General, & Admin. Expense Related Terms


Canadian Natural Resources Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Canadian Natural Resources's Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense Chart

Canadian Natural Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 608.44 847.06 644.55 524.19 492.16

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
Selling, General, & Admin. Expense 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 114.69 100.86 132.41 150.43 0.00

FRA:CRC vs COP, EOG, FANG: Selling, General, & Admin. Expense Comparison

For the Oil & Gas E&P subindustry, Canadian Natural Resources's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Canadian Natural Resources's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Canadian Natural Resources's Selling, General, & Admin. Expense falls into.


FRA:CRC
81GF Score
Canadian Natural Resources Ltd FRA:CRC
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Canadian Natural Resources Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was €498 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.

What does a Selling, General, & Admin. Expense of €498 Mil mean?
Canadian Natural Resources (FRA:CRC) has a Selling, General, & Admin. Expense of €498 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Canadian Natural Resources and its competitors.
Is Canadian Natural Resources' Selling, General, & Admin. Expense too high?
Canadian Natural Resources' current Selling, General, & Admin. Expense is €498 Mil. Overall, Canadian Natural Resources has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Canadian Natural Resources' Selling, General, & Admin. Expense compare to COP and EOG?
Canadian Natural Resources' Selling, General, & Admin. Expense of €498 Mil 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 Selling, General, & Admin. Expense for an Oil & Gas company?
A good Selling, General, & Admin. Expense depends on the Oil & Gas industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Canadian Natural Resources and its competitors. Canadian Natural Resources's current Selling, General, & Admin. Expense is €498 Mil. 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 Significantly Overvalued. The stock's GF Value™ is €30.41, compared to a current price of €41.00 — trading 34.8% above its estimated fair value. The current Selling, General, & Admin. Expense is €498 Mil. Canadian Natural Resources' overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Canadian Natural Resources (FRA:CRC), the current Selling, General, & Admin. Expense is €498 Mil 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 €41.00 is trading 34.8% above its estimated GF Value™ of €30.41. GuruFocus considers Canadian Natural Resources to be Significantly Overvalued.

Key valuation signals for FRA:CRC:

  • Selling, General, & Admin. Expense: €498 Mil
  • GF Value™: €30.41 vs. price of €41.00 (34.8% above fair value)
  • GF Score™: 81/100 with 5 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.
81GF Score

Get the complete analysis for FRA:CRC

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€41.00
Price
€30.41
GF Value