Valuation dashboard for Chevron Corporation (CVX) with P/E 17.23, P/B 2.37, EV/EBITDA 7.6 and dividend yield 2.99%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Energy companies.
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation.
What would it be worth at its usual multiples?
Versus its usual multiples: expensive · It trades at 17.2 times its last-12-month earnings and at 36.0 times its average earnings over ten years; above 25, the limit we take for the defensive investor. It is expensive.
It trades at 17.2 times its last-12-month earnings and at 36.0 times its average earnings over ten years; above 25, the limit we take for the defensive investor. It is expensive.
These are its average accounting earnings over its last ten years, losses included.
Analysis Summary
Chevron Corporation reported revenue of $184.43B in the most recent fiscal year, growing at a 5-year CAGR of 14.3%.
Trailing-twelve-month margins: gross margin 34.7%, operating margin 17.8%, net margin 11.9%.
At $235.52 (closing price, October 30, 2026), CVX trades at a P/E of 17.23 and an ROE of 14.30%. Market capitalisation stands at $465.3B, placing it among large-cap names.
Balance sheet quality for CVX: debt-to-equity ratio of 0.17, current ratio of 0.00 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| P/E Ratio | 17.23 |
| Price / Book | 2.37 |
| EV / EBITDA | 7.6 |
| Dividend Yield | 2.99% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| CVX | Chevron Corporation | $465.3B | 17.23 | 2.37 | 14.3% |
| XOM | Exxonmobil Holdings Corporation | $770.0B | 19.24 | 2.92 | 15.6% |
| SHEL | Shell plc | $308.8B | 9.43 | 1.54 | 18.0% |
| TTE | TotalEnergies SE | $212.8B | 9.62 | 1.62 | 18.1% |
| BP | BP p.l.c. | $132.1B | 15.00 | 2.12 | 15.6% |
| EQNR | Equinor ASA | $116.5B | 10.14 | 2.57 | 27.5% |
| E | Eni S.p.A. | $88.7B | 10.40 | 1.44 | 15.5% |
| SU | Suncor Energy Inc. | $93.8B | 14.79 | 2.72 | 19.4% |
Price
| Price | $235.52 (closing price, October 30, 2026) |
| Market Cap | $465.3B |
| Exchange | NYSE |
| Country | US |
Profitability
| Return on Equity | 14.30% |
| Return on Invested Capital | 220.89% |
| Return on Assets | 8.08% |
| Gross Margin | 34.73% |
| Operating Margin | 17.76% |
| Net Margin | 11.95% |
Related companies: XOM · SHEL · TTE · BP · EQNR · E · SU · IMO
Explore sector: Energy · Oil & Gas Integrated
More sections of CVX: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Companies that pass the Buffett method · Companies that pass the Lynch method · Stocks that pass Graham's defensive investor test today · Investment Academy — learn to analyze stocks