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STOCK COMPARISON

PBR vs Canadian Natural Resources: Fair Value & Quality

Both stocks run through our valuation models. Here is how PBR (PBR) and Canadian Natural Resources (CNQ) compare, as of Aug 13, 2026.

As of Aug 13, 2026, Fair Value Calculator sees PBR as the less overvalued of the two: PBR trades at $17.93 versus a fair value of $15.68 (-13%), while Canadian Natural Resources trades at $47.61 versus $31.54 (-34%).
PBR
PBR · USD · Energy
-13%
upside to fair value
overvalued
Price$17.93
Fair Value$15.68
Quality65/100
Canadian Natural Resources
CNQ · USD · Energy
-34%
upside to fair value
overvalued
Price$47.61
Fair Value$31.54
Quality72/100

Head-to-head numbers

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

PBRCanadian Natural Resources
Valuation
5.5×P/E (TTM)11.8×
P/S (TTM)2.31×
P/B2.02×
EV/EBITDA7.1×
4.33×PEG3.42×
17.6%Dividend yield5.6%
$2.99Dividend per share$2.39
Profitability
22%Net margin25%
32%Operating margin22%
26%Return on equity23%
8%Return on assets5%
Growth
0%Revenue growth (YoY)-1%
-10.0%Avg. growth/yr (3Y)-3.7%
11.1%Avg. growth/yr (5Y)20.4%
Balance & size
0.32×Debt / equity0.37×
$112BMarket cap$89B
expensiveGrowth qualityhealthy

PBR leads: 7 to 4 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.

PBRof which business quality 61 · market factors 70 Canadian Natural Resourcesof which business quality 69 · market factors 76
ProfitabilityMargins and returns on capital today
60
61
Quality GrowthAre margins and returns improving?
48
73
CashflowEarnings quality: real cash, not paper profit
71
69
Fin. StrengthBalance sheet, leverage, solvency risk
50
60
InvestmentDisciplined investing over empire-building
52
57
Low VolatilityCalm price path (market factor)
80
68
MomentumPrice trend over the last 3–12 months (market factor)
60
72
52W MomentumDistance to the 52-week high (market factor)
74
93
Net IssuanceBuybacks instead of dilution
84
100

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.

PBR

DCF Models$32.73
Earnings-Based$33.30
Dividend Discount$15.51
Multiples$28.49
Asset-Based$7.89
Growth DCF$26.89
Economic Profit$28.74
Growth Earnings$33.66

5 of 24 models see the stock below the current price.

Canadian Natural Resources

DCF Models$75.88
Earnings-Based$69.05
Dividend Discount$41.06
Multiples$35.14
Asset-Based$14.24
Growth DCF$63.64
Economic Profit$34.88
Growth Earnings$86.50

13 of 26 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.

PBR
Bear $11.05Fair Value $15.68Bull $20.95
$17.93 = current price (white tick)
Canadian Natural Resources
Bear $24.44Fair Value $31.54Bull $80.18
$47.61 = 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.

PBR · Energy

Quality score65 · Top 25%
Fair value upside-13% · above median

Canadian Natural Resources · Energy

Quality score72 · Top 25%
Fair value upside-34% · below median

Bottom line

As of Aug 13, 2026, Fair Value Calculator sees PBR as the less overvalued of the two: PBR trades at $17.93 versus a fair value of $15.68 (-13%), while Canadian Natural Resources trades at $47.61 versus $31.54 (-34%).

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

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.