Chevron Corp (NYSE:CVX)

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Price: 141.49 USD 0.24%

Market Cap: 254.3B USD

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Section:

Relative Value

The Relative Value of one CVX stock under the Base Case scenario is 185.43 USD. Compared to the current market price of 141.49 USD, Chevron Corp is Undervalued by 24%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

What is Relative Valuation?

How is Relative Value calculated?

CVX Relative Value

Base Case

Worst Case

Base Case

Best Case

Valuation Multiples

1.3

P/S

vs History	74
vs Industry	45

Median 5Y

1.4

Industry

1.3

Forward

1.3

More Details

15.3

P/E

vs History	30
vs Industry	15

Median 5Y

Industry

9.6

Forward

13.4

More Details

7.2

P/OCF

vs History	71
vs Industry	14

Median 5Y

7.8

Industry

4.9

More Details

10.9

P/FCFE

vs History	92
vs Industry	14

Median 5Y

17.9

Industry

10.2

More Details

1.6

P/B

vs History	55
vs Industry	24

Median 5Y

1.7

Industry

1.2

More Details

1.4

EV/S

vs History	69
vs Industry	51

Median 5Y

1.5

Industry

1.8

Forward

1.4

More Details

3.5

EV/GP

vs History	68
vs Industry	44

Median 5Y

3.7

Industry

4.4

More Details

6.9

EV/EBITDA

vs History	53
vs Industry	22

Median 5Y

7.1

Industry

Forward

More Details

EV/EBIT

vs History	42
vs Industry	16

Median 5Y

11.6

Industry

8.5

Forward

9.4

More Details

7.6

EV/OCF

vs History	65
vs Industry	20

Median 5Y

8.3

Industry

6.5

More Details

14.4

EV/FCFF

vs History	50
vs Industry	17

Median 5Y

14.6

Industry

10.7

More Details

1.1

EV/IC

vs History	55
vs Industry	30

Median 5Y

1.2

Industry

More Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
US		Chevron Corp NYSE:CVX	253.4B USD	1.3	15.3	6.9	13
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.6	15.4	7.1	7.9
US		Exxon Mobil Corp NYSE:XOM	461.5B USD	1.4	13.7	6.8	10.6
NL	R	Royal Dutch Shell PLC OTC:RYDAF	186.3B USD	0.6	11.9	3.3	6.2
UK		Shell PLC LSE:SHEL	151.4B GBP	0.6	12.1	43.8	82.9
CN		PetroChina Co Ltd SSE:601857	1.4T CNY	0.5	8.3	5.4	5.4
FR		TotalEnergies SE PAR:TTE	117.7B EUR	0.6	7.4	3.2	4.9
CN		China Petroleum & Chemical Corp SSE:600028	776.7B CNY	0.2	15	16.7	16.7
UK		BP PLC LSE:BP	62.7B GBP	0.4	10.7	63	110.5
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	479.2B BRL	1	5.7	2.7	3.7
NO		Equinor ASA OSE:EQNR	743.1B NOK	0.6	6.7	1.3	1.7

				Revenue Growth	P/S to Growth
US		Chevron Corp NYSE:CVX	Average P/S: 1 1.3	2%	0.6
SA		Saudi Arabian Oil Co SAU:2222	3.6	-6%	N/A
US		Exxon Mobil Corp NYSE:XOM	1.4	2%	0.6
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.6	-2%	N/A
UK		Shell PLC LSE:SHEL	0.6	-2%	N/A
CN		PetroChina Co Ltd SSE:601857	0.5	5%	0.1
FR		TotalEnergies SE PAR:TTE	0.6	-2%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	0.2	3%	0.1
UK		BP PLC LSE:BP	0.4	-2%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	1	1%	0.8
NO		Equinor ASA OSE:EQNR	0.6	-13%	N/A

				Earnings Growth	P/E to Growth
US		Chevron Corp NYSE:CVX	Average P/E: 11.1 15.3	10%	1.6
SA		Saudi Arabian Oil Co SAU:2222	15.4	-5%	N/A
US		Exxon Mobil Corp NYSE:XOM	13.7	15%	0.9
NL	R	Royal Dutch Shell PLC OTC:RYDAF	11.9	28%	0.4
UK		Shell PLC LSE:SHEL	12.1	28%	0.4
CN		PetroChina Co Ltd SSE:601857	8.3	10%	0.8
FR		TotalEnergies SE PAR:TTE	7.4	-8%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	15	19%	0.8
UK		BP PLC LSE:BP	10.7	-18%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	5.7	-7%	N/A
NO		Equinor ASA OSE:EQNR	6.7	-25%	N/A

				EBITDA Growth	EV/EBITDA to Growth
US		Chevron Corp NYSE:CVX	Average EV/EBITDA: 14.6 6.9	32%	0.2
SA		Saudi Arabian Oil Co SAU:2222	7.1	-3%	N/A
US		Exxon Mobil Corp NYSE:XOM	6.8	22%	0.3
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.3	-17%	N/A
UK		Shell PLC LSE:SHEL	43.8	-17%	N/A
CN		PetroChina Co Ltd SSE:601857	5.4	76%	0.1
FR		TotalEnergies SE PAR:TTE	3.2	-12%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	16.7	165%	0.1
UK		BP PLC LSE:BP	63	-15%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	2.7	5%	0.5
NO		Equinor ASA OSE:EQNR	1.3	-22%	N/A

				EBIT Growth	EV/EBIT to Growth
US		Chevron Corp NYSE:CVX	Average EV/EBIT: 24 13	34%	0.4
SA		Saudi Arabian Oil Co SAU:2222	7.9	-3%	N/A
US		Exxon Mobil Corp NYSE:XOM	10.6	15%	0.7
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.2	-13%	N/A
UK		Shell PLC LSE:SHEL	82.9	-13%	N/A
CN		PetroChina Co Ltd SSE:601857	5.4	-7%	N/A
FR		TotalEnergies SE PAR:TTE	4.9	-19%	N/A
CN		China Petroleum & Chemical Corp SSE:600028	16.7	16%	1
UK		BP PLC LSE:BP	110.5	-25%	N/A
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.7	1%	4.7
NO		Equinor ASA OSE:EQNR	1.7	-27%	N/A

US	Johnson & Johnson NYSE:JNJ	Pharmaceuticals
US	Berkshire Hathaway Inc NYSE:BRK.A	Financial Services
US	Bank of America Corp NYSE:BAC	Banking
US	Mastercard Inc NYSE:MA	Technology
US	UnitedHealth Group Inc NYSE:UNH	Health Care
US	Exxon Mobil Corp NYSE:XOM	Energy
US	Pfizer Inc NYSE:PFE	Pharmaceuticals
US	Palantir Technologies Inc NYSE:PLTR	Technology
US	Nike Inc NYSE:NKE	Textiles, Apparel & Luxury Goods
US	Visa Inc NYSE:V	Technology
CN	Alibaba Group Holding Ltd NYSE:BABA	Retail
US	3M Co NYSE:MMM	Industrial Conglomerates
US	JPMorgan Chase & Co NYSE:JPM	Banking
US	Coca-Cola Co NYSE:KO	Beverages
US	Walmart Inc NYSE:WMT	Retail
US	Verizon Communications Inc NYSE:VZ	Telecommunication

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	Weatherford International PLC NASDAQ:WFRD	69.12 USD 0.82%

	Johnson & Johnson NYSE:JNJ	144.48 USD 0.63%
	Bank of America Corp NYSE:BAC	43.995 USD 1.42%
	Mastercard Inc NYSE:MA	524.745 USD 0.28%
	Salesforce Inc NYSE:CRM	341.61 USD 1.6%
	Abbvie Inc NYSE:ABBV	174.96 USD 2.01%
	Home Depot Inc NYSE:HD	387.805 USD 0.72%

	Arista Networks Inc NYSE:ANET	111.57 USD 2.29%
	Visa Inc NYSE:V	314.8 USD -0.03%
	Texas Pacific Land Corp NYSE:TPL	1 100.42 USD 0.37%
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	Manhattan Associates Inc NASDAQ:MANH	280.79 USD -0.62%
	Pinduoduo Inc NASDAQ:PDD	99.82 USD -1.17%

	Salesforce Inc NYSE:CRM	341.61 USD 1.6%
	Accenture PLC NYSE:ACN	366.37 USD -1.56%
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Chevron Corp
NYSE:CVX

Relative Value

Valuation Multiples

Multiples Across Competitors

CVX Competitors Multiples
Chevron Corp Competitors

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Company

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52 Week Range	137.88 166.33
Price Target

Chevron Corp NYSE:CVX

Relative Value

Valuation Multiples

Multiples Across Competitors

CVX Competitors Multiples Chevron Corp Competitors

See Also

Company

Help

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Stocks

Chevron Corp
NYSE:CVX

CVX Competitors Multiples
Chevron Corp Competitors