Chevron Corporation (CVX) P/E Ratio History
Historical price-to-earnings valuation from 1994 to 2025
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CVX Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Chevron Corporation (CVX) trades at a price-to-earnings ratio of 27.9x, with a stock price of $185.13 and trailing twelve-month earnings per share of $6.16.
The current P/E is 57% above its 5-year average of 17.8x. Over the past five years, CVX's P/E has ranged from a low of 8.2x to a high of 56.0x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Energy sector median P/E of 16.8x, CVX trades at a 66% premium to its sector peers. The sector includes 173 companies with P/E ratios ranging from 3.2x to 190.3x.
Relative to the broader market, CVX trades roughly in line with the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CVX DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CVX P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $630B | 22.2 | -Best | -15% | |
| $117B | 2187.7 | -Best | -85% | |
| $247B | 14.5 | -Best | +19% | |
| $200B | 15.6 | -Best | -14% | |
| $145B | 18.7 | -Best | -19% | |
| $55B | 34.2 | -Best | -34% | |
| $72B | 14.8 | -Best | -19% | |
| $29B | 11.1Lowest | -Best | -8% | |
| $72B | 18.5 | -Best | +32% | |
| $69B | 15.9 | -Best | +116%Best |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
CVX Historical P/E Data (1994–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $152.41 | $6.66 | 22.9x | +22% |
| FY2025 Q3 | $155.29 | $7.11 | 21.8x | +17% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $143.19 | $7.77 | 18.4x | -1% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $167.29 | $8.75 | 19.1x | +2% |
| FY2024 Q4 | $144.84 | $9.72 | 14.9x | -20% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $147.27 | $9.10 | 16.2x | -13% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $156.42 | $10.10 | 15.5x | -17% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $157.74 | $10.87 | 14.5x | -22% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $149.16 | $11.36 | 13.1x | -30% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $168.62 | $13.47 | 12.5x | -33% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $157.35 | $15.77 | 10.0x | -47% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $163.16 | $18.52 | 8.8x | -53% |
Average P/E for displayed period: 18.7x
Full CVX Stock Analysis
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Start ComparisonCVX — Frequently Asked Questions
Quick answers to the most common questions about buying CVX stock.
Is CVX stock overvalued or undervalued?
CVX trades at 27.9x P/E, above its 5-year average of 17.8x. The 90th percentile ranking indicates a premium to historical valuation.
How does CVX's valuation compare to peers?
Chevron Corporation P/E of 27.9x compares to sector median of 16.8x. The premium reflects expected growth above peers.
What is CVX's PEG ratio?
CVX PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1994-2025.