CVX P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
CVX's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
CVX P/E ratio by year
Yearly range of CVX’s p/e ratio from 2016 to 2026. Over the full period it ranged from -420.9 to 80.4, averaging 5.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.9 | 25.5 | 35.9 | 22.2 |
| 2025 | 15.1 | 18.5 | 22.9 | 22.9 |
| 2024 | 12.5 | 14.9 | 17.9 | 14.9 |
| 2023 | 8.1 | 9.8 | 12.6 | 11.1 |
| 2022 | 8.2 | 13.2 | 21.0 | 10.2 |
| 2021 | -37.7 | 5.0 | 56.8 | 14.4 |
| 2020 | -28.5 | 18.7 | 80.4 | -28.5 |
| 2019 | 14.0 | 16.4 | 79.8 | 79.8 |
| 2018 | 13.6 | 20.6 | 27.5 | 14.1 |
| 2017 | -420.9 | -62.2 | 72.0 | 36.5 |
| 2016 | -146.6 | -138.5 | -129.3 | -145.3 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is CVX P/E ratio High or Low Right Now?
Chevron Corporation's P/E ratio is currently 22.2, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for CVX is approximately 16.2. See all CVX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.