Chevron Corporation CVX

204.45 (1.20) (0.58%) as of 25 Sep
Market cap
$403.9B
P/E
19.5×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

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

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))

The full definition of P/B ratio →

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