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STOCK COMPARISON

Cnooc vs Granite Ridge Resources: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cnooc (0883) and Granite Ridge Resources (GRNT) compare, as of Sep 24, 2026.

As of Sep 24, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$23.34 versus a fair value of HK$26.63 (+14%), while Granite Ridge Resources trades at $4.51 versus $3.37 (-25%).
Cnooc
0883.HK · HKD · Energy
+14%
upside to fair value
undervalued
PriceHK$23.34
Fair ValueHK$26.63
Quality63/100
Granite Ridge Resources
GRNT · USD · Energy
-25%
upside to fair value
overvalued
Price$4.51
Fair Value$3.37
Quality51/100
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

CnoocGranite Ridge Resources
Valuation
7.7×P/E (TTM)n/a
2.72×P/S (TTM)1.38×
1.38×P/B1.08×
4.4×EV/EBITDA3.6×
0.16×PEGn/a
+14.1%Fair value upside−25.3%
4.9%Dividend yield9.8%
HK$1.15Dividend per share$0.44
Profitability
45%Operating margin36%
2.05×EBIT margin trend (5Y)n/a
15%Return on equity-5%
9%Return on assets2%
Growth
9%Revenue growth (YoY)37%
-3.7%Avg. growth/yr (3Y)-3.3%
20.0%Avg. growth/yr (5Y)38.9%
+17.7%Value creation/yr+14.3%
Balance & size
65.7×Interest coverage (EBIT/interest)3.6×
0.07×Debt / equity0.61×
$141BMarket cap$653M
weakGrowth qualityweak

Even match: 6 to 6 metric wins.

n/a = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Cnoocof which business quality 64 · market factors 58 Granite Ridge Resourcesof which business quality 47 · market factors 44
ProfitabilityMargins and returns on capital today
55
25
Quality GrowthAre margins and returns improving?
36
55
CashflowEarnings quality: real cash, not paper profit
76
50
Fin. StrengthBalance sheet, leverage, solvency risk
84
38
InvestmentDisciplined investing over empire-building
40
44
Low VolatilityCalm price path (market factor)
82
71
MomentumPrice trend over the last 3–12 months (market factor)
47
36
52W MomentumDistance to the 52-week high (market factor)
52
26
Net IssuanceShare count: buybacks or dilution?
79
83

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyCnoocPrice HK$23.34Granite Ridge ResourcesPrice $4.51
DCF Models+73%above the priceHK$40.48n/a
Earnings-Based+16%above the priceHK$26.96+43%above the price$6.46
Dividend Discount0%close to the priceHK$23.26+30%above the price$5.86
Multiples+43%above the priceHK$33.44-37%below the price$2.86
Asset-Based-48%below the priceHK$12.08-32%below the price$3.08
Growth DCF+36%above the priceHK$31.69n/a
Economic Profit+31%above the priceHK$30.63-31%below the price$3.10
Growth Earnings+44%above the priceHK$33.61+68%above the price$7.57
Minimum-48%below the priceHK$12.08-37%below the price$2.86
Maximum+73%above the priceHK$40.48+68%above the price$7.57
Median+33%above the priceHK$31.16-1%close to the price$4.48
Geometric mean+18%above the priceHK$27.58-1%close to the price$4.46

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Cnooc: 9 of 26 models see the stock below the current price.

Granite Ridge Resources: 10 of 16 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Cnooc
Price HK$23.34
Fair Value HK$26.63
Bear HK$20.00Bull HK$45.29
Granite Ridge Resources
Price $4.51
Fair Value $3.37
Bear $3.37Bull $3.92

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Cnooc · Energy

Quality score63 · Top 25%
Fair value upside+14% · above median

Granite Ridge Resources · Energy

Quality score51 · above median
Fair value upside-25% · below median

Bottom line

As of Sep 24, 2026, Fair Value Calculator sees Cnooc as the more attractively valued of the two: Cnooc trades at HK$23.34 versus a fair value of HK$26.63 (+14%), while Granite Ridge Resources trades at $4.51 versus $3.37 (-25%).

Cnooc has the higher quality score (63/100).

Open Cnooc live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.