CVX Chevron PE ratio, current and historical analysis
As of Oct 29, 2024, the Chevron stock's PE ratio is 14.66. This takes into account the latest EPS of $10.13 and stock price of $148.55. The PE ratio marks an increase of 6% from its last 4 quarters average of 13.9.
CVX PE ratio history
The PE ratio of Chevron has averaged 26.0 over the last ten years. The current P/E ratio of 14.66 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.
Chevron PE ratio by year
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% |
CVX average PE ratio chart
Currently, CVX's PE ratio is higher than its 3-year average, but it is lower than its 5 and 10-year averages.
CVX PE vs peers
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 14.66 is higher than the average of its peers, which is 12.52.
| Stock name | PE ratio | Market cap |
|---|---|---|
| COP Conocophillips | 11.41 | $119.3B |
| XOM Exxon Mobil Corp | 14.03 | $521.01B |
| CVX Chevron Corp | 14.68 | $271.89B |
| PSX Phillips 66 | 15.48 | $50.24B |
| HES Hess Corp | 15.64 | $41.64B |
| BP BP plc | 28.64 | $79.34B |
Frequently asked questions
What is Chevron's PE ratio?
As of Oct 29, 2024, CVX stock has a price to earnings ratio of 14.66.
What is the 3-year average PE ratio for Chevron (CVX)?
The average PE ratio for CVX stock over the past 3 years is 11.94.
What is the 5-year average PE ratio for Chevron (CVX)?
The average PE ratio for CVX stock over the past 5 years is 21.28.
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 44% 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 (Oct 29, 2024), Chevron's share price is $148.55. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2024 is $10.13. Therefore, Chevron's PE ratio for today is 14.66. PE RATIO(14.66) = STOCK PRICE($148.55) / TTM EPS($10.13)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.