Chevron Corp (NYSE:CVX)

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Price: 161.42 USD -0.23%

Market Cap: 290.1B USD

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Section:

Relative Value

The Relative Value of one CVX stock under the Base Case scenario is 185.2 USD. Compared to the current market price of 161.42 USD, Chevron Corp is Undervalued by 13%.

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

1.5

P/S

vs History	33
vs Industry	45

Median 5Y

1.4

Industry

1.3

Forward

1.5

More Details

17.4

P/E

vs History	20
vs Industry	15

Median 5Y

Industry

9.5

Forward

15.2

More Details

8.2

P/OCF

vs History	36
vs Industry	14

Median 5Y

7.8

Industry

4.7

More Details

12.4

P/FCFE

vs History	84
vs Industry	14

Median 5Y

17.9

Industry

10.6

More Details

1.9

P/B

vs History	26
vs Industry	24

Median 5Y

1.7

Industry

1.2

More Details

1.6

EV/S

vs History	34
vs Industry	51

Median 5Y

1.5

Industry

1.8

Forward

1.5

More Details

EV/GP

vs History	25
vs Industry	44

Median 5Y

3.7

Industry

4.4

More Details

7.8

EV/EBITDA

vs History	23
vs Industry	22

Median 5Y

7.1

Industry

5.8

Forward

6.7

More Details

14.8

EV/EBIT

vs History	23
vs Industry	16

Median 5Y

11.6

Industry

8.2

Forward

10.6

More Details

8.7

EV/OCF

vs History	42
vs Industry	20

Median 5Y

8.3

Industry

6.2

More Details

16.3

EV/FCFF

vs History	31
vs Industry	17

Median 5Y

14.6

Industry

10.8

More Details

1.3

EV/IC

vs History	33
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	290.1B USD	1.5	17.4	7.8	14.8
SA		Saudi Arabian Oil Co SAU:2222	6.7T SAR	3.6	15.4	7.1	7.9
US		Exxon Mobil Corp NYSE:XOM	524.4B USD	1.5	15.6	7.7	12
UK		Shell PLC LSE:SHEL	162B GBP	0.7	13.1	44	83.3
NL	R	Royal Dutch Shell PLC OTC:RYDAF	199.8B USD	0.7	12.8	3.5	6.6
CN		PetroChina Co Ltd SSE:601857	1.3T CNY	0.4	8	5.2	5.2
FR		TotalEnergies SE PAR:TTE	132.8B EUR	0.7	6.7	3.3	4.6
CN		China Petroleum & Chemical Corp SSE:600028	769.4B CNY	0.2	14.9	16.6	16.6
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	480.4B BRL	1	5.7	2.7	3.8
UK		BP PLC LSE:BP	63.6B GBP	0.4	10.9	63	110.6
NO		Equinor ASA OSE:EQNR	789.4B NOK	0.7	7.4	1.4	1.9

				Revenue Growth
US		Chevron Corp NYSE:CVX	Average P/S: 1 1.5	2%
SA		Saudi Arabian Oil Co SAU:2222	3.6	-6%
US		Exxon Mobil Corp NYSE:XOM	1.5	3%
UK		Shell PLC LSE:SHEL	0.7	-2%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	0.7	-2%
CN		PetroChina Co Ltd SSE:601857	0.4	5%
FR		TotalEnergies SE PAR:TTE	0.7	-2%
CN		China Petroleum & Chemical Corp SSE:600028	0.2	3%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	1	1%
UK		BP PLC LSE:BP	0.4	-2%
NO		Equinor ASA OSE:EQNR	0.7	-13%

				Earnings Growth
US		Chevron Corp NYSE:CVX	Average P/E: 11.6 17.4	12%
SA		Saudi Arabian Oil Co SAU:2222	15.4	-5%
US		Exxon Mobil Corp NYSE:XOM	15.6	16%
UK		Shell PLC LSE:SHEL	13.1	30%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	12.8	30%
CN		PetroChina Co Ltd SSE:601857	8	-3%
FR		TotalEnergies SE PAR:TTE	6.7	-8%
CN		China Petroleum & Chemical Corp SSE:600028	14.9	-2%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	5.7	-7%
UK		BP PLC LSE:BP	10.9	-19%
NO		Equinor ASA OSE:EQNR	7.4	-26%

				EBITDA Growth
US		Chevron Corp NYSE:CVX	Average EV/EBITDA: 14.8 7.8	33%
SA		Saudi Arabian Oil Co SAU:2222	7.1	-3%
US		Exxon Mobil Corp NYSE:XOM	7.7	23%
UK		Shell PLC LSE:SHEL	44	-16%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	3.5	-16%
CN		PetroChina Co Ltd SSE:601857	5.2	79%
FR		TotalEnergies SE PAR:TTE	3.3	-12%
CN		China Petroleum & Chemical Corp SSE:600028	16.6	167%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	2.7	4%
UK		BP PLC LSE:BP	63	-14%
NO		Equinor ASA OSE:EQNR	1.4	-22%

				EBIT Growth
US		Chevron Corp NYSE:CVX	Average EV/EBIT: 24.3 14.8	33%
SA		Saudi Arabian Oil Co SAU:2222	7.9	-1%
US		Exxon Mobil Corp NYSE:XOM	12	13%
UK		Shell PLC LSE:SHEL	83.3	-8%
NL	R	Royal Dutch Shell PLC OTC:RYDAF	6.6	-8%
CN		PetroChina Co Ltd SSE:601857	5.2	-1%
FR		TotalEnergies SE PAR:TTE	4.6	-16%
CN		China Petroleum & Chemical Corp SSE:600028	16.6	25%
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	3.8	2%
UK		BP PLC LSE:BP	110.6	-19%
NO		Equinor ASA OSE:EQNR	1.9	-26%

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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

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Company

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Chevron Corp
NYSE:CVX

CVX Competitors Multiples
Chevron Corp Competitors