Cameco (CCJ) Stock Analysis

November 11, 2026

This is a peer-relative look at Cameco (CCJ): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Energy peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Cameco (CCJ)
Profile Item	CCJ
Name	Cameco Corporation
Country/Region	Canada
GICS Sector	Energy
GICS Industry Group	Energy
GICS Industry	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Coal & Consumable Fuels
Market Capitalization	31.05 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 14, 1996
Security Type	Common Stock

Price Performance

Cumulative Growth

CCJ

GSPC

Cameco (CCJ) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Cameco (CCJ) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Cameco (CCJ) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
Total Return (1Y)	-18.97%	32.08%
Total Return (3Y, Annualized)	21.14%	14.39%
Total Return (5Y, Annualized)	22.20%	15.43%

Risk Profile

Drawdown History

CCJ

GSPC

Cameco (CCJ) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Cameco (CCJ) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
Volatility (1Y, Annualized)	51.10%	41.29%
Beta (5Y)	1.18	0.66
Max Drawdown (5Y)	-49.04%	-52.09%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. CCJ is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
Sharpe Ratio (1Y)	-0.46	0.67
Sortino Ratio (1Y)	-0.64	1.01

Profitability

ROE (TTM)

Cameco (CCJ) posts ROE of 5.68%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

CCJ

Energy industry group

5.68%

Group distribution

Max: 53.85%
Q3: 24.79%
Median: 12.85%
CCJ: 5.68%
Q1: 2.03%
Min: -29.09%

Largest peers

PBR: 30.27%
TTE: 17.83%
COP: 17.66%
SHEL: 17.43%
XOM: 15.53%
CVX: 13.85%
CCJ: 5.68%

Where Cameco (CCJ) stands on ROE within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Cameco (CCJ) keeps 11.43% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

CCJ

Energy industry group

11.43%

Group distribution

Max: 56.92%
Q3: 22.92%
CCJ: 11.43%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

Largest peers

PBR: 24.32%
COP: 16.76%
CVX: 11.92%
CCJ: 11.43%
XOM: 10.46%
TTE: 10.46%
SHEL: 10.18%

Where Cameco (CCJ) stands on net margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Cameco (CCJ) turns 9.23% of revenue into operating profit, roughly in line with the peer group’s normal operating margin range. Its core cost structure looks typical for the industry.

CCJ

Energy industry group

9.23%

Group distribution

Max: 71.31%
Q3: 33.75%
Median: 18.73%
CCJ: 9.23%
Q1: 6.94%
Min: -24.52%

Largest peers

PBR: 44.68%
COP: 30.05%
TTE: 24.51%
SHEL: 18.76%
CVX: 17.89%
XOM: 16.98%
CCJ: 9.23%

Where Cameco (CCJ) stands on operating margin within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
ROE (TTM)	5.68%	12.85%
ROA (TTM)	2.79%	5.49%
Net Margin (TTM)	11.43%	10.10%
Operating Margin (TTM)	9.23%	18.73%
Gross Margin (TTM)	33.83%	44.52%

Growth

Revenue Growth

Cameco (CCJ) grew revenue 11.04%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Cameco (CCJ): Revenue Growth across different time periods, set against Energy industry-group medians.

EPS Growth

Cameco (CCJ) grew earnings per share 246.15%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Cameco (CCJ): EPS Growth across different time periods, set against Energy industry-group medians.

Growth Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
Revenue Growth (YoY)	11.04%	0.51%
Revenue Growth (3Y CAGR)	23.07%	0.37%
EPS Growth (YoY)	246.15%	-11.75%
EPS Growth (3Y CAGR)	83.08%	-12.07%

Financial Strength

Current Ratio (MRQ)

Cameco (CCJ) has current ratio of 2.55, above the industry’s typical middle range. Liquidity looks ample versus peers, though an unusually high cushion can also mean idle current assets or inefficient working capital.

CCJ

Energy industry group

2.55

Group distribution

Max: 3.64
CCJ: 2.55
Q3: 2.21
Median: 1.41
Q1: 0.88
Min: 0.24

Largest peers

CCJ: 2.55
COP: 1.52
SHEL: 1.38
CVX: 1.34
XOM: 1.19
TTE: 1.11
PBR: 0.85

Where Cameco (CCJ) stands on current ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Cameco (CCJ) has debt-to-equity ratio of 0.14, in the lower-leverage quartile for its industry. Borrowing is modest relative to equity compared with most peers, which can leave more flexibility through a cycle.

CCJ

Energy industry group

0.14

Group distribution

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
CCJ: 0.14
Min: 0.00

Largest peers

PBR: 0.76
TTE: 0.46
SHEL: 0.38
COP: 0.35
CVX: 0.17
CCJ: 0.14
XOM: 0.13

Where Cameco (CCJ) stands on debt-to-equity ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
Current Ratio (MRQ)	2.55	1.41
Debt / Equity (MRQ)	0.14	0.54
Net Debt / EBITDA	0.19	1.13

Dividends

Dividend Yield (TTM)

Cameco (CCJ) has dividend yield of 0.35%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

CCJ

Energy industry group

0.35%

Group distribution

Max: 8.57%
Q3: 3.58%
Median: 1.71%
CCJ: 0.35%
Q1: 0.00%
Min: 0.00%

Largest peers

PBR: 19.51%
TTE: 4.58%
CVX: 3.31%
XOM: 2.49%
COP: 2.48%
SHEL: 1.54%
CCJ: 0.35%

Where Cameco (CCJ) stands on dividend yield within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Cameco (CCJ) has payout ratio of 26.37%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

CCJ

Energy industry group

26.37%

Group distribution

Max: 133.24%
Q3: 53.31%
CCJ: 26.37%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

Largest peers

CVX: 51.76%
XOM: 42.39%
TTE: 39.93%
COP: 35.41%
PBR: 28.93%
CCJ: 26.37%
SHEL: 26.24%

Where Cameco (CCJ) stands on payout ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
Dividend Yield (TTM)	0.35%	1.71%
Dividend Payout Ratio (TTM)	26.37%	25.24%

Valuation

P/E Ratio (TTM)

Cameco (CCJ) trades at P/E ratio of 108.03, above the peer range for its industry. The market is paying unusually heavily for TTM earnings relative to comparable companies.

CCJ

Energy industry group

108.03

Group distribution

CCJ: 108.03
Max: 39.54
Q3: 21.72
Median: 12.19
Q1: 7.71
Min: 2.99

Largest peers

CCJ: 108.03
XOM: 17.06
CVX: 15.61
COP: 14.36
TTE: 8.76
SHEL: 8.60
PBR: 4.68

Where Cameco (CCJ) stands on P/E ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Cameco (CCJ) trades at 8.93 on P/S ratio, above the industry benchmark range. The stock is being valued at an unusually rich price per dollar of trailing revenue.

CCJ

Energy industry group

8.93

Group distribution

CCJ: 8.93
Max: 5.40
Q3: 2.85
Median: 1.69
Q1: 0.88
Min: 0.00

Largest peers

CCJ: 8.93
COP: 2.34
CVX: 1.83
XOM: 1.74
TTE: 0.90
SHEL: 0.87
PBR: 0.22

Where Cameco (CCJ) stands on P/S ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Cameco (CCJ) trades at 6.03 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

CCJ

Energy industry group

6.03

Group distribution

CCJ: 6.03
Max: 4.21
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

Largest peers

CCJ: 6.03
XOM: 2.55
COP: 2.44
CVX: 2.13
TTE: 1.46
SHEL: 1.43
PBR: 1.25

Where Cameco (CCJ) stands on P/B ratio within its Energy peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Cameco (CCJ) metric values compared with Energy industry-group medians
Metric	Current stock: CCJ	Industry group median
P/E Ratio (TTM)	108.03	12.19
P/S Ratio (TTM)	8.93	1.69
P/B Ratio (MRQ)	6.03	1.51
Free Cash Flow Yield (TTM)	0.63%	5.94%