As of Apr 26, 2024, the Chevron stock's PE ratio is 14.54. This takes into account the latest EPS of $11.41 and stock price of $165.89. The PE ratio marks an increase of 31% from its last 4 quarters average of 11.1.
The PE ratio of Chevron has averaged 25.79 over the last ten years. The current P/E ratio of 14.54 is 44% 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.
Maximum annual increase: 458.15% in 2019
Maximum annual decrease: -45.69% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 13.07 | 33.64% |
| 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% |
Currently, CVX's PE ratio is lower than its 3, 5 and 10-year averages.
In comparison to its peer HES, CVX's PE ratio is lower, but it is higher than XOM's and COP's. Chevron's current PE ratio of 14.54 is higher than the average of its peers, which is 11.21.
| Stock name | PE ratio | Market cap |
|---|---|---|
| BP BP plc | 7.49 | $110.89B |
| PSX Phillips 66 | 9.73 | $64.78B |
| XOM Exxon Mobil Corp | 13.27 | $468.05B |
| COP Conocophillips | 14.34 | $153.22B |
| CVX Chevron Corp | 14.54 | $308.1B |
| HES Hess Corp | 35.96 | $49.92B |
As of Apr 26, 2024, CVX stock has a price to earnings ratio of 14.54.
The average PE ratio for CVX stock over the past 3 years is 16.07.
The average PE ratio for CVX stock over the past 5 years is 21.48.
Over the last ten years, the quarterly PE ratio reached its highest level at 138.26 in the Mar 2016 quarter.
CVX's price to earnings ratio is currently 44% below its 10-year historical average.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Apr 26, 2024), Chevron's share price is $165.89. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $11.41. Therefore, Chevron's PE ratio for today is 14.54. PE RATIO(14.54) = STOCK PRICE($165.89) / TTM EPS($11.41)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.