Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

Common Stock Valuation Ratios (Price Multiples) 
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Chevron Corp., historical price multiples (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Price to earnings (P/E) 16.89 13.91 14.63 13.42 11.03 9.88 8.27 8.71 10.25 10.19 16.06 16.81 22.09 54.58 43.40 70.06
Price to operating profit (P/OP) 10.99 9.34 10.35 9.48 7.68 6.97 5.81 6.12 7.34 7.23 11.13 11.40 14.10 26.00 24.46 30.35
Price to sales (P/S) 1.45 1.32 1.53 1.46 1.39 1.39 1.27 1.31 1.54 1.44 1.86 1.69 1.63 1.69 2.19 2.09 1.29 1.42 1.24 1.46
Price to book value (P/BV) 1.80 1.64 1.85 1.78 1.70 1.88 1.86 1.94 2.21 1.93 2.25 1.89 1.61 1.47 1.59 1.50 1.02 1.21 1.17 1.42 1.48 1.45 1.43

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Chevron Corp. P/E ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Chevron Corp. P/OP ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Chevron Corp. P/S ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Chevron Corp. P/BV ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Price to Earnings (P/E)

Chevron Corp., historical P/E calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,797,091,325 1,828,917,113 1,847,009,033 1,857,269,160 1,887,748,665 1,867,245,218 1,894,215,264 1,906,674,044 1,933,638,546 1,957,434,814 1,964,813,456 1,947,553,346 1,927,685,919 1,933,911,944 1,928,052,179 1,926,376,764 1,867,323,448 1,867,267,832 1,866,978,650 1,879,324,765 1,890,872,188 1,898,418,471 1,904,726,061
Selected Financial Data (US$)
Net income (loss) attributable to Chevron Corporation (in millions) 4,487 4,434 5,501 2,259 6,526 6,010 6,574 6,353 11,231 11,622 6,259 5,055 6,111 3,082 1,377 (665) (207) (8,270) 3,599 (6,610) 2,580 4,305 2,649
Earnings per share (EPS)2 9.28 10.24 10.99 11.51 13.49 16.16 18.89 18.60 17.67 14.84 10.44 8.02 5.14 1.85 -4.03 -2.88 -6.15 -4.66 2.08 1.56 0.00 0.00 0.00
Share price1, 3 156.77 142.41 160.73 154.45 148.76 159.67 156.22 161.93 181.13 151.14 167.59 134.85 113.51 101.23 109.02 102.35 72.14 87.20 90.05 109.01 121.89 119.10 116.38
Valuation Ratio
P/E ratio4 16.89 13.91 14.63 13.42 11.03 9.88 8.27 8.71 10.25 10.19 16.06 16.81 22.09 54.58 43.40 70.06
Benchmarks
P/E Ratio, Competitors5
ConocoPhillips 12.68 11.78 13.50 11.92 12.94 10.65 7.44 7.07 9.23 7.19 10.35 14.66 20.66 40.48 3,758.13 17.58 12.13 8.77
Exxon Mobil Corp. 15.47 14.93 14.38 11.49 11.00 8.76 7.58 8.47 8.70 9.74 14.98 14.11 42.32 25.86 16.34 15.64
Marathon Petroleum Corp. 10.62 7.96 8.11 6.24 4.97 4.23 3.03 3.85 4.67 5.70 4.63 4.32 4.30 4.53 11.68
Occidental Petroleum Corp. 12.74 13.05 16.45 13.36 11.85 9.28 5.97 4.24 5.61 5.94 8.51 23.89
Valero Energy Corp. 11.04 8.46 7.79 5.26 3.97 4.05 3.03 4.26 5.18 6.10 18.57 37.78 21.41 62.84 12.12

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
EPS = (Net income (loss) attributable to Chevron CorporationQ3 2024 + Net income (loss) attributable to Chevron CorporationQ2 2024 + Net income (loss) attributable to Chevron CorporationQ1 2024 + Net income (loss) attributable to Chevron CorporationQ4 2023) ÷ No. shares of common stock outstanding
= (4,487,000,000 + 4,434,000,000 + 5,501,000,000 + 2,259,000,000) ÷ 1,797,091,325 = 9.28

3 Closing price as at the filing date of Chevron Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/E ratio = Share price ÷ EPS
= 156.77 ÷ 9.28 = 16.89

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Chevron Corp. P/E ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.

Price to Operating Profit (P/OP)

Chevron Corp., historical P/OP calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,797,091,325 1,828,917,113 1,847,009,033 1,857,269,160 1,887,748,665 1,867,245,218 1,894,215,264 1,906,674,044 1,933,638,546 1,957,434,814 1,964,813,456 1,947,553,346 1,927,685,919 1,933,911,944 1,928,052,179 1,926,376,764 1,867,323,448 1,867,267,832 1,866,978,650 1,879,324,765 1,890,872,188 1,898,418,471 1,904,726,061
Selected Financial Data (US$)
Operating income (loss) (in millions) 6,702 7,197 8,088 3,654 8,943 7,996 9,672 9,967 15,145 16,119 9,254 7,226 8,329 4,772 2,712 (297) 342 (10,326) 4,405 (8,129) 4,367 6,230 4,283
Operating profit per share2 14.27 15.25 15.53 16.30 19.38 22.91 26.87 26.48 24.69 20.91 15.06 11.83 8.05 3.89 -3.93 -3.05 -7.34 -5.19 3.68 3.59 0.00 0.00 0.00
Share price1, 3 156.77 142.41 160.73 154.45 148.76 159.67 156.22 161.93 181.13 151.14 167.59 134.85 113.51 101.23 109.02 102.35 72.14 87.20 90.05 109.01 121.89 119.10 116.38
Valuation Ratio
P/OP ratio4 10.99 9.34 10.35 9.48 7.68 6.97 5.81 6.12 7.34 7.23 11.13 11.40 14.10 26.00 24.46 30.35
Benchmarks
P/OP Ratio, Competitors5
ConocoPhillips 7.96 7.49 8.70 7.61 8.04 6.49 4.60 4.57 5.96 4.72 6.75 8.66 11.68 17.96 71.79 6,288.41 10.11 7.27 6.04
Exxon Mobil Corp. 10.23 9.86 9.47 7.62 7.06 6.00 5.28 5.88 6.28 6.76 10.28 9.86 22.63 16.35 10.60 10.14
Marathon Petroleum Corp. 5.97 4.99 5.23 4.16 3.41 2.87 2.08 2.60 3.02 3.55 8.64 9.79 13.66 67.39 310.45 5.52
Occidental Petroleum Corp. 7.81 8.15 9.68 7.37 6.93 5.80 4.11 3.78 4.91 5.18 7.42 7.96 33.61 45.37
Valero Energy Corp. 8.22 6.32 5.76 3.92 2.92 2.98 2.26 3.13 3.76 4.36 11.28 16.50 487.32 944.75 23.43 10.75 21.60 7.65

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Operating profit per share = (Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024 + Operating income (loss)Q1 2024 + Operating income (loss)Q4 2023) ÷ No. shares of common stock outstanding
= (6,702,000,000 + 7,197,000,000 + 8,088,000,000 + 3,654,000,000) ÷ 1,797,091,325 = 14.27

3 Closing price as at the filing date of Chevron Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 156.77 ÷ 14.27 = 10.99

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Chevron Corp. P/OP ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 exceeding Q1 2024 level.

Price to Sales (P/S)

Chevron Corp., historical P/S calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,797,091,325 1,828,917,113 1,847,009,033 1,857,269,160 1,887,748,665 1,867,245,218 1,894,215,264 1,906,674,044 1,933,638,546 1,957,434,814 1,964,813,456 1,947,553,346 1,927,685,919 1,933,911,944 1,928,052,179 1,926,376,764 1,867,323,448 1,867,267,832 1,866,978,650 1,879,324,765 1,890,872,188 1,898,418,471 1,904,726,061
Selected Financial Data (US$)
Sales and other operating revenues (in millions) 48,926 49,574 46,580 48,933 51,922 47,216 48,842 54,523 63,508 65,372 52,314 45,861 42,552 36,117 31,076 24,843 23,997 15,926 29,705 34,574 34,779 36,323 34,189
Sales per share2 107.96 107.72 105.39 106.02 107.27 114.65 122.61 123.63 117.42 105.29 90.01 79.90 69.82 60.00 49.71 49.04 55.80 61.58 72.51 74.42 0.00 0.00 0.00
Share price1, 3 156.77 142.41 160.73 154.45 148.76 159.67 156.22 161.93 181.13 151.14 167.59 134.85 113.51 101.23 109.02 102.35 72.14 87.20 90.05 109.01 121.89 119.10 116.38
Valuation Ratio
P/S ratio4 1.45 1.32 1.53 1.46 1.39 1.39 1.27 1.31 1.54 1.44 1.86 1.69 1.63 1.69 2.19 2.09 1.29 1.42 1.24 1.46
Benchmarks
P/S Ratio, Competitors5
ConocoPhillips 2.28 2.23 2.59 2.33 2.42 2.06 1.56 1.68 2.22 1.75 2.47 2.58 2.67 2.56 3.35 3.52 1.50 1.66 1.48 1.94
Exxon Mobil Corp. 1.53 1.50 1.42 1.24 1.21 1.17 1.13 1.12 1.17 1.08 1.26 1.17 1.12 1.12 1.43 1.34 0.72 0.87 0.75 0.88
Marathon Petroleum Corp. 0.34 0.39 0.44 0.41 0.38 0.34 0.28 0.32 0.32 0.29 0.37 0.35 0.39 0.40 0.55 0.51 0.25 0.26 0.17 0.25
Occidental Petroleum Corp. 1.74 1.87 2.14 1.78 1.81 1.72 1.48 1.45 1.87 1.80 1.92 1.40 1.42 1.26 1.51 1.39 0.57 0.71 0.52 1.44
Valero Energy Corp. 0.30 0.36 0.39 0.32 0.28 0.28 0.24 0.28 0.29 0.28 0.36 0.31 0.34 0.34 0.48 0.48 0.19 0.26 0.25 0.27

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
Sales per share = (Sales and other operating revenuesQ3 2024 + Sales and other operating revenuesQ2 2024 + Sales and other operating revenuesQ1 2024 + Sales and other operating revenuesQ4 2023) ÷ No. shares of common stock outstanding
= (48,926,000,000 + 49,574,000,000 + 46,580,000,000 + 48,933,000,000) ÷ 1,797,091,325 = 107.96

3 Closing price as at the filing date of Chevron Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 156.77 ÷ 107.96 = 1.45

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Chevron Corp. P/S ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Price to Book Value (P/BV)

Chevron Corp., historical P/BV calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
No. shares of common stock outstanding1 1,797,091,325 1,828,917,113 1,847,009,033 1,857,269,160 1,887,748,665 1,867,245,218 1,894,215,264 1,906,674,044 1,933,638,546 1,957,434,814 1,964,813,456 1,947,553,346 1,927,685,919 1,933,911,944 1,928,052,179 1,926,376,764 1,867,323,448 1,867,267,832 1,866,978,650 1,879,324,765 1,890,872,188 1,898,418,471 1,904,726,061
Selected Financial Data (US$)
Total Chevron Corporation stockholders’ equity (in millions) 156,202 159,233 160,625 160,957 165,265 158,325 159,449 159,282 158,680 153,554 146,219 139,067 135,862 133,182 131,888 131,688 131,774 134,118 143,930 144,213 155,841 156,395 155,045
Book value per share (BVPS)2 86.92 87.06 86.96 86.66 87.55 84.79 84.18 83.54 82.06 78.45 74.42 71.41 70.48 68.87 68.40 68.36 70.57 71.83 77.09 76.74 82.42 82.38 81.40
Share price1, 3 156.77 142.41 160.73 154.45 148.76 159.67 156.22 161.93 181.13 151.14 167.59 134.85 113.51 101.23 109.02 102.35 72.14 87.20 90.05 109.01 121.89 119.10 116.38
Valuation Ratio
P/BV ratio4 1.80 1.64 1.85 1.78 1.70 1.88 1.86 1.94 2.21 1.93 2.25 1.89 1.61 1.47 1.59 1.50 1.02 1.21 1.17 1.42 1.48 1.45 1.43
Benchmarks
P/BV Ratio, Competitors5
ConocoPhillips 2.53 2.53 2.90 2.65 3.03 2.90 2.47 2.75 3.40 2.28 2.70 2.61 2.19 1.69 1.74 2.22 1.02 1.28 1.40 1.80 1.72 1.98 2.11
Exxon Mobil Corp. 1.94 1.90 2.30 2.02 2.10 2.14 2.24 2.29 2.43 2.14 2.28 1.93 1.69 1.52 1.64 1.53 0.79 1.03 1.02 1.17 1.59 1.56 1.71
Marathon Petroleum Corp. 2.54 2.68 2.79 2.48 2.22 2.10 1.85 2.02 2.12 1.77 2.09 1.61 1.41 1.20 1.80 1.60 0.92 1.06 0.83 0.91 1.31 0.98 1.03
Occidental Petroleum Corp. 1.36 1.59 1.87 1.67 1.81 1.87 1.78 1.76 2.37 2.18 2.24 1.79 1.67 1.35 1.36 1.33 0.57 0.66 0.39 0.86 1.10 1.80 2.07
Valero Energy Corp. 1.61 1.98 2.10 1.76 1.64 1.71 1.66 2.09 2.23 2.06 2.51 1.91 1.84 1.57 1.70 1.65 0.77 1.16 1.43 1.35 1.97 1.49 1.65

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Data adjusted for splits and stock dividends.

2 Q3 2024 Calculation
BVPS = Total Chevron Corporation stockholders’ equity ÷ No. shares of common stock outstanding
= 156,202,000,000 ÷ 1,797,091,325 = 86.92

3 Closing price as at the filing date of Chevron Corp. Quarterly or Annual Report.

4 Q3 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 156.77 ÷ 86.92 = 1.80

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Chevron Corp. P/BV ratio decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.