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STOCK COMPARISON

Valero Energy vs Canadian Natural Resources: Fair Value & Quality

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

As of Aug 13, 2026, Fair Value Calculator sees Canadian Natural Resources as the less overvalued of the two: Valero Energy trades at $324 versus a fair value of $127 (-61%), while Canadian Natural Resources trades at $47.61 versus $31.54 (-34%).
Valero Energy
VLO · USD · Energy
-61%
upside to fair value
overvalued
Price$324
Fair Value$127
Quality66/100
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).

Valero EnergyCanadian Natural Resources
Valuation
22.6×P/E (TTM)11.8×
0.78×P/S (TTM)2.31×
3.88×P/B2.02×
10.5×EV/EBITDA7.1×
4.08×PEG3.42×
1.5%Dividend yield5.6%
$4.59Dividend per share$2.39
Profitability
4%Net margin25%
6%Operating margin22%
16%Return on equity23%
6%Return on assets5%
Growth
7%Revenue growth (YoY)-1%
-11.4%Avg. growth/yr (3Y)-3.7%
13.6%Avg. growth/yr (5Y)20.4%
Balance & size
0.41×Debt / equity0.37×
$92BMarket cap$89B
mixedGrowth qualityhealthy

Canadian Natural Resources leads: 3 to 11 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.

Valero Energyof which business quality 64 · market factors 92 Canadian Natural Resourcesof which business quality 69 · market factors 76
ProfitabilityMargins and returns on capital today
43
61
Quality GrowthAre margins and returns improving?
36
73
CashflowEarnings quality: real cash, not paper profit
61
69
Fin. StrengthBalance sheet, leverage, solvency risk
63
60
InvestmentDisciplined investing over empire-building
100
57
Low VolatilityCalm price path (market factor)
75
68
MomentumPrice trend over the last 3–12 months (market factor)
99
72
52W MomentumDistance to the 52-week high (market factor)
100
93
Net IssuanceBuybacks instead of dilution
100
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.

Valero Energy

DCF Models$240
Earnings-Based$103
Multiples$134
Asset-Based$53.53
Growth DCF$300
Economic Profit$113
Growth Earnings$119

21 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.

Valero Energy
Bear $89.58Fair Value $127Bull $165
$324 = 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.

Valero Energy · Energy

Quality score66 · Top 25%
Fair value upside-61% · bottom 25%

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 Canadian Natural Resources as the less overvalued of the two: Valero Energy trades at $324 versus a fair value of $127 (-61%), 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 →
Valero Energy · Canadian Natural Resources

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