CVX

NYSE

CHEVRON CORP

Energy, Integrated Oil & Gas

$186.56

close 7 Aug 2026

+21.58%

52-week change

$368.60B

market cap

$146.49

$214.71

52-week range

Expected price

$146.23 – $178.73

Current price

$186.56

Signal

Could be overvalued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)17.94x

P/S (TTM)1.71x

P/B1.94x

EV/EBITDA (TTM)7.34x

FCF yield (TTM)7.33%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average17.87x

P/E, sector median15.54x*

Price at 5-year median P/E$160.09*

Indicated dividend yield3.82%

Forward — analyst consensus

Forward P/E (FY2026)11.78x*

Forward P/E (FY2027)14.39x

Forward PEG—*

Consensus EPS FY2026 (21 analysts)$15.83

EPS growth (FY2026→FY2027)-18.09%

Revenue growth (FY2026)20.83%

Street view

Price target (mean)$216.96*

Target upside16.29%

Ratings (buy / hold / sell)20 / 4 / 1

FY2026 EPS revisions, 30d (up / down)9 / 7

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +58.57%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$186.56

Cash & equivalents—

Total debt$37.08B

Shares outstanding1.98B

Result

DCF price per share—

Current price$186.56

Margin of safety—

PV of years 1–10$658.18B

PV of terminal value$2.17T

Equity value—

Market-implied growth—

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$33.77B	$42.21B	$52.76B	$65.95B	$82.43B	$103.04B	$128.80B	$161.00B	$201.26B	$251.57B	$4.69T
PV	$31.26B	$36.19B	$41.88B	$48.47B	$56.10B	$64.93B	$75.16B	$86.99B	$100.68B	$116.53B	$2.17T

period to 30 Jun 2026, filed 6 Aug 2026, close 7 Aug 2026