Chevron Corporation CVX
204.45
(1.20)
(0.58%)
as of 25 Sep
- Market cap
- $403.9B
- P/E
- 19.5×
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Chevron Corporation (CVX) P/B ratio
As of 25 September 2026, Chevron Corporation (CVX) trades at a P/B ratio of 2.1×. Over the past ten years it has ranged from 0.7× (March 2020) to 2.4× (June 2022); the current reading is higher than 94% of that period. That is above the Oil & Gas Integrated industry median of 1.6× and above the Energy sector median of 1.5×.
P/B ratio, daily
Annual
| Period | P/B ratio | Change |
|---|---|---|
| FY2025 | 1.5× | (14.33%) |
| FY2024 | 1.7× | (1.00%) |
| FY2023 | 1.7× | (17.54%) |
| FY2022 | 2.1× | 30.50% |
| FY2021 | 1.6× | 35.04% |
| FY2020 | 1.2× | (23.82%) |
| FY2019 | 1.6× | 17.79% |
| FY2018 | 1.3× | (17.58%) |
| FY2017 | 1.6× | 6.95% |
| FY2016 | 1.5× | 37.77% |
Quarterly
| Period | P/B ratio | Change |
|---|---|---|
| Jun 2026 | 1.7× | (22.82%) |
| Mar 2026 | 2.2× | 47.53% |
| Dec 2025 | 1.5× | (4.74%) |
| Sep 2025 | 1.5× | (7.92%) |
| 42 more quarters | Free account |
Against its own ten years
Low 0.7×
High 2.4×
Ten-year median
1.5×
Current reading's percentile
94
P/B ratio against peers
| Company | P/B ratio |
|---|---|
| E Eni SpA compare | 1.2× |
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 1.4× |
| SHEL Shell PLC Unsponsored ADR compare | 1.5× |
| BP BP p.l.c. compare | 1.5× |
| TTE TotalEnergies SE Sponsored ADR compare | 1.5× |
| CVX Chevron Corporation | 2.1× |
| CVE Cenovus Energy Inc compare | 2.3× |
| EQNR Equinor ASA compare | 2.4× |
| XOM ExxonMobil Holdings Corporation compare | 2.5× |
| Oil & Gas Integrated industry median | 1.6× |
| Energy sector median | 1.5× |
| Market median | 1.8× |
What P/B ratio is
Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.
Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))
More on CVX
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement