Chevron Corporation

XTRA:CHV Stock Report

Market Cap: €276.2b

Chevron Valuation

Is CHV undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CHV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CHV (€154.9) is trading below our estimate of fair value (€291.16)

Significantly Below Fair Value: CHV is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CHV?

Key metric: As CHV is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CHV. This is calculated by dividing CHV's market cap by their current earnings.
What is CHV's PE Ratio?
PE Ratio17.5x
EarningsUS$16.68b
Market CapUS$292.08b

Price to Earnings Ratio vs Peers

How does CHV's PE Ratio compare to its peers?

The above table shows the PE ratio for CHV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average10.4x
SHEL Shell
12.8x4.8%UK£157.7b
857 PetroChina
5.8x-3.8%HK$1.5t
XOM Exxon Mobil
15.3x5.2%US$518.5b
TTE TotalEnergies
7.7x0.09%€123.4b
CHV Chevron
17.5x7.4%€292.1b

Price-To-Earnings vs Peers: CHV is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the peer average (10.4x).

Price to Earnings Ratio vs Industry

How does CHV's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CHV 17.5xIndustry Avg. 9.0xNo. of Companies16PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CHV is expensive based on its Price-To-Earnings Ratio (17.5x) compared to the European Oil and Gas industry average (9x).

Price to Earnings Ratio vs Fair Ratio

What is CHV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CHV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.5x
Fair PE Ratio30.6x

Price-To-Earnings vs Fair Ratio: CHV is good value based on its Price-To-Earnings Ratio (17.5x) compared to the estimated Fair Price-To-Earnings Ratio (30.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CHV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€154.90
€163.98
+5.9%
6.3%€183.45€145.62n/a23
Nov ’25€141.46
€156.16
+10.4%
7.2%€177.18€133.81n/a23
Oct ’25€135.70
€153.99
+13.5%
7.4%€176.03€134.72n/a22
Sep ’25€132.40
€159.91
+20.8%
8.6%€184.93€138.92n/a22
Aug ’25€143.96
€167.53
+16.4%
8.6%€189.73€142.76n/a22
Jul ’25€146.34
€171.31
+17.1%
8.0%€191.95€144.43n/a22
Jun ’25€146.40
€169.41
+15.7%
8.0%€189.46€142.55n/a23
May ’25€153.66
€170.96
+11.3%
8.3%€192.98€138.65n/a24
Apr ’25€145.40
€164.82
+13.4%
6.8%€186.20€137.79n/a23
Mar ’25€142.40
€165.25
+16.0%
7.0%€181.91€137.36n/a25
Feb ’25€136.80
€162.97
+19.1%
6.8%€178.85€136.44n/a24
Jan ’25€135.98
€163.88
+20.5%
6.8%€183.46€135.76n/a24
Dec ’24€134.60
€167.04
+24.1%
6.1%€184.38€147.50n/a24
Nov ’24€137.80
€172.45
+25.1%
6.5%€202.51€156.36€141.4624
Oct ’24€159.60
€177.10
+11.0%
7.5%€204.66€157.06€135.7026
Sep ’24€151.60
€170.94
+12.8%
7.3%€192.64€152.08€132.4026
Aug ’24€147.44
€166.87
+13.2%
7.2%€188.25€146.41€143.9626
Jul ’24€144.40
€170.34
+18.0%
7.3%€190.61€147.54€146.3425
Jun ’24€141.38
€173.31
+22.6%
7.5%€197.03€149.63€146.4025
May ’24€152.28
€173.03
+13.6%
9.2%€214.17€146.11€153.6627
Apr ’24€149.98
€175.93
+17.3%
9.3%€217.71€148.52€145.4028
Mar ’24€152.20
€179.57
+18.0%
9.5%€221.34€139.75€142.4028
Feb ’24€157.80
€177.37
+12.4%
9.2%€217.57€137.36€136.8028
Jan ’24€166.10
€176.81
+6.4%
9.5%€220.40€139.15€135.9828
Dec ’23€174.20
€180.09
+3.4%
9.8%€224.20€135.85€134.6028
Nov ’23€187.00
€188.02
+0.5%
10.5%€238.88€144.74€137.8028

Analyst Forecast: Target price is less than 20% higher than the current share price.

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