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STOCK COMPARISON

Canadian Natural Resources vs Williams Companies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Canadian Natural Resources (CNQ) and Williams Companies (WMB) compare, as of Aug 28, 2026.

As of Aug 28, 2026, Fair Value Calculator sees Canadian Natural Resources as the less overvalued of the two: Canadian Natural Resources trades at $49.77 versus a fair value of $31.66 (-36%), while Williams Companies trades at $74.19 versus $11.73 (-84%).
Canadian Natural Resources
CNQ · USD · Energy
-36%
upside to fair value
overvalued
Price$49.77
Fair Value$31.66
Quality72/100
Williams Companies
WMB · USD · Energy
-84%
upside to fair value
overvalued
Price$74.19
Fair Value$11.73
Quality51/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Canadian Natural ResourcesWilliams Companies
Valuation
12.8×P/E (TTM)33.0×
2.29×P/S (TTM)7.41×
2.31×P/B7.01×
6.2×EV/EBITDA17.2×
3.42×PEG2.30×
4.8%Dividend yield2.7%
$2.39Dividend per share$2.03
Profitability
26%Net margin23%
43%Operating margin34%
27%Return on equity20%
8%Return on assets5%
Growth
70%Revenue growth (YoY)9%
-3.7%Avg. growth/yr (3Y)2.9%
20.4%Avg. growth/yr (5Y)9.1%
Balance & size
0.37×Debt / equity2.13×
$102BMarket cap$90B
mixedGrowth qualityexpensive

Canadian Natural Resources leads: 12 to 2 metric wins.

Dash = 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.

Canadian Natural Resourcesof which business quality 68 · market factors 78 Williams Companiesof which business quality 47 · market factors 68
ProfitabilityMargins and returns on capital today
61
45
Quality GrowthAre margins and returns improving?
73
43
CashflowEarnings quality: real cash, not paper profit
69
61
Fin. StrengthBalance sheet, leverage, solvency risk
62
11
InvestmentDisciplined investing over empire-building
57
50
Low VolatilityCalm price path (market factor)
68
86
MomentumPrice trend over the last 3–12 months (market factor)
74
52
52W MomentumDistance to the 52-week high (market factor)
96
75
Net IssuanceBuybacks instead of dilution
92
83

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Canadian Natural Resources

DCF Models$76.78
Earnings-Based$69.86
Dividend Discount$41.54
Multiples$35.55
Asset-Based$14.41
Growth DCF$64.39
Economic Profit$35.29
Growth Earnings$87.51

14 of 26 models see the stock below the current price.

Williams Companies

DCF Models$4.09
Earnings-Based$9.98
Multiples$13.70
Asset-Based$7.02
Economic Profit$14.21
Growth Earnings$25.93

15 of 15 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Canadian Natural Resources
Bear $24.53Fair Value $31.66Bull $81.95
$49.77 = current price (white tick)
Williams Companies
Bear $6.16Fair Value $11.73Bull $17.43
$74.19 = current price (white tick)

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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.

Canadian Natural Resources · Energy

Quality score72 · Top 25%
Fair value upside-36% · below median

Williams Companies · Energy

Quality score51 · above median
Fair value upside-84% · bottom 25%

Bottom line

As of Aug 28, 2026, Fair Value Calculator sees Canadian Natural Resources as the less overvalued of the two: Canadian Natural Resources trades at $49.77 versus a fair value of $31.66 (-36%), while Williams Companies trades at $74.19 versus $11.73 (-84%).

Canadian Natural Resources has the higher quality score (72/100).

See the full analysis →

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