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CVX Chevron PE ratio, current and historical analysis

As of Feb 23, 2024, the Chevron stock's PE ratio is 11.44. This takes into account the latest EPS of $13.52 and stock price of $154.66. The PE ratio marks an increase of 12% from its last 4 quarters average of 10.2.

CVX PE ratio history

How has CVX's PE ratio performed in the past

The PE ratio of Chevron has averaged 25.74 over the last ten years. The current P/E ratio of 11.44 is 56% lower than the historical average. Looking back at the last ten years, CVX's PE ratio peaked in the Mar 2016 quarter at 138.26, when the price was $95.4 and the EPS was $0.69. The lowest point was in the Sep 2022 quarter, when it reached 8.14 with a price of $143.67 and an EPS of $17.65.

Average
25.74
Median
16.16
Minimum
8.14
Maximum
138.26

Chevron PE ratio by year

Maximum annual increase: 458.15% in 2019

Maximum annual decrease: -45.69% in 2018

Year PE ratio Change
2022 9.78 -32.08%
2021 14.4 N/A
2020 N/A N/A
2019 77.75 458.15%
2018 13.93 -45.69%
2017 25.65 N/A
2016 N/A N/A
2015 36.57 232.76%
2014 10.99 -1.61%
2013 11.17 38.59%

CVX average PE ratio chart

What is the average PE ratio of CVX for the past years

Currently, CVX's PE ratio is lower than its 3, 5 and 10-year averages.

3-year avg
16.37
5-year avg
21.73
10-year avg
25.74
15-year avg
19.42

CVX PE vs peers

What is CVX's PE ratio compared to its peers

In comparison to its peers COP and HES, CVX's PE ratio is lower, but it is higher than XOM's and BP's. Chevron's current PE ratio of 11.44 is higher than the average of its peers, which is 9.69.

Stock name PE ratio Market cap
BP BP plc 6.71 $99.41B
PSX Phillips 66 9.45 $62.94B
XOM Exxon Mobil Corp 10.31 $411.51B
CVX Chevron Corp 11.44 $291.96B
COP Conocophillips 12.28 $131.18B
HES Hess Corp 31.13 $45.8B

Frequently asked questions

What is Chevron's PE ratio?

As of Feb 23, 2024, CVX stock has a price to earnings ratio of 11.44.

What is the 3-year average PE ratio for Chevron (CVX)?

The average PE ratio for CVX stock over the past 3 years is 16.37.

What is the 5-year average PE ratio for Chevron (CVX)?

The average PE ratio for CVX stock over the past 5 years is 21.73.

What is the highest PE ratio for CVX?

Over the last ten years, the quarterly PE ratio reached its highest level at 138.26 in the Mar 2016 quarter.

How does the current PE ratio for CVX compare to its historical average?

CVX's price to earnings ratio is currently 56% below its 10-year historical average.

How is CVX's PE ratio calculated (Chevron PE ratio formula)?

To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Feb 23, 2024), Chevron's share price is $154.66. The company's earnings per share for the trailing twelve months (TTM) ending Sep 2023 is $13.52. Therefore, Chevron's PE ratio for today is 11.44. PE RATIO(11.44) = STOCK PRICE($154.66) / TTM EPS($13.52)

All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.