Cameco Corporation

NYSE:CCJ Stock Report

Market Cap: US$47.8b

Cameco Valuation

Is CCJ undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of CCJ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Fair Value: CCJ ($108.92) is trading above our estimate of fair value ($90.25)

Significantly Below Fair Value: CCJ is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CCJ?

Key metric: As CCJ is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CCJ. This is calculated by dividing CCJ's market cap by their current earnings.
What is CCJ's PE Ratio?
PE Ratio125.1x
EarningsCA$525.98m
Market CapCA$66.32b

Price to Earnings Ratio vs Peers

How does CCJ's PE Ratio compare to its peers?

The above table shows the PE ratio for CCJ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.2x
LEU Centrus Energy
47.8x3.17%US$5.6b
ARLP Alliance Resource Partners
12.9x10.62%US$3.1b
FANG Diamondback Energy
10.4x4.54%US$42.3b
OKE ONEOK
14x7.49%US$45.6b
CCJ Cameco
125.1x24.13%US$66.3b

Price-To-Earnings vs Peers: CCJ is expensive based on its Price-To-Earnings Ratio (125.1x) compared to the peer average (21.2x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

How does CCJ's PE Ratio compare vs other companies in the US Oil and Gas Industry?

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SAFX XCF Global
0.3xn/aUS$23.44m
AXAS Abraxas Petroleum
0.09xn/aUS$10.27m
RUBI Rubico
0.4xn/aUS$2.56m
CNNE.Q Canacol Energy
0.02xn/aUS$682.40k
CCJ 125.1xIndustry Avg. 13.4xNo. of Companies24PE0816243240+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CCJ is expensive based on its Price-To-Earnings Ratio (125.1x) compared to the US Oil and Gas industry average (13.4x).

Price to Earnings Ratio vs Fair Ratio

What is CCJ's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CCJ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio125.1x
Fair PE Ratio22.7x

Price-To-Earnings vs Fair Ratio: CCJ is expensive based on its Price-To-Earnings Ratio (125.1x) compared to the estimated Fair Price-To-Earnings Ratio (22.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CCJ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$108.92
US$108.89
-0.029%
8.06%US$126.10US$86.47n/a17
Jan ’27US$91.49
US$109.44
+19.62%
7.03%US$119.74US$87.08n/a16
Dec ’26US$87.53
US$106.95
+22.18%
7.03%US$117.01US$85.10n/a16
Nov ’26US$102.21
US$100.93
-1.25%
13.65%US$125.10US$71.49n/a16
Oct ’26US$83.49
US$84.49
+1.20%
8.71%US$96.30US$71.87n/a16
Sep ’26US$77.39
US$83.45
+7.83%
6.86%US$95.27US$72.72n/a16
Aug ’26US$72.93
US$79.82
+9.45%
8.69%US$94.95US$60.89n/a16
Jul ’26US$71.67
US$72.64
+1.35%
7.89%US$80.76US$58.73n/a16
Jun ’26US$58.53
US$60.99
+4.21%
6.15%US$67.70US$54.60n/a16
May ’26US$45.51
US$59.53
+30.80%
5.12%US$65.01US$54.18n/a16
Apr ’26US$41.80
US$58.08
+38.94%
6.12%US$62.90US$52.42n/a15
Mar ’26US$44.04
US$59.40
+34.87%
6.71%US$67.63US$52.99n/a13
Feb ’26US$49.44
US$60.25
+21.87%
6.19%US$67.37US$53.48n/a12
Jan ’26US$51.39
US$60.35
+17.44%
6.31%US$65.96US$53.33US$91.4914
Dec ’25US$59.45
US$61.10
+2.78%
6.06%US$67.23US$54.36US$87.5314
Nov ’25US$52.50
US$57.80
+10.10%
5.37%US$65.69US$54.14US$102.2114
Oct ’25US$48.64
US$57.15
+17.50%
5.05%US$62.86US$50.28US$83.4914
Sep ’25US$40.84
US$57.10
+39.82%
4.74%US$60.69US$50.33US$77.3913
Aug ’25US$41.02
US$56.00
+36.52%
5.16%US$60.55US$49.02US$72.9314
Jul ’25US$50.22
US$56.66
+12.82%
6.49%US$61.31US$46.71US$71.6714
Jun ’25US$55.51
US$55.69
+0.32%
6.03%US$60.66US$46.78US$58.5314
May ’25US$46.92
US$54.56
+16.29%
5.92%US$58.11US$46.49US$45.5114
Apr ’25US$46.75
US$54.16
+15.84%
4.91%US$58.93US$47.88US$41.8014
Mar ’25US$41.97
US$54.14
+28.99%
5.12%US$59.07US$47.99US$44.0413
Feb ’25US$50.56
US$53.09
+5.01%
5.58%US$59.28US$47.80US$49.4413
Jan ’25US$43.10
US$52.52
+21.86%
3.87%US$56.24US$48.37US$51.3912
US$108.92
Fair Value
0.002% overvalued intrinsic discount
17
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/13 23:03
End of Day Share Price 2026/01/13 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cameco Corporation is covered by 42 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harriet LiAccountability Research Corporation
Robert BrackettBernstein
Alexander Robert PearceBMO Capital Markets Equity Research