Stock Valuation / CVX
Is Chevron Corporation (CVX) Overvalued? Fair Value & 5-Year Target
Chevron Corporation trades at $217.73 (P/E 20.94). Our reference model estimates a fair value of $109.54 at its recent average P/E of 10.53.
| Current price | $217.73 |
|---|---|
| Current EPS | $10.40 |
| Current P/E | 20.94 |
| Average P/E | 10.53 |
| Fair value (at avg P/E) | $109.54 |
| Upside to fair value | -49.7% |
| Illustrative 5-yr target (25× P/E, 15% growth) | $522.95 |
What drives CVX's valuation
Changing either assumption moves the target: a higher P/E multiple or faster EPS growth raises fair value, a lower multiple or slower growth lowers it. The interactive dashboard lets you edit both and re-run the model instantly.
About Chevron Corporation
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations. It operates through Upstream and Downstream segments. The Upstream segment engages in the exploration for, development, production, and transportation of crude oil and natural gas; processing, liquefaction, transportation, and regasification of liquefied natural gas; transportation of crude oil through pipelines; transportation, storage, and marketing of natural gas; carbon capture and storage; and operation of a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable f
Frequently asked questions
What is CVX's fair value?
At its recent average P/E of 10.53, Chevron Corporation (CVX) has a reference fair value of about $109.54, which is -49.7% versus the current price of $217.73.
Is Chevron Corporation (CVX) overvalued or undervalued?
Based on the average-P/E reference model, Chevron Corporation looks overvalued relative to fair value by roughly +49.7%. This is a model output, not investment advice — change the P/E and growth assumptions in the dashboard for your own view.
What is a 5-year price target for CVX?
Under an illustrative model of 25× P/E and 15% annual EPS growth, the implied 5-year target is $522.95. Adjust both inputs on the interactive page to match your assumptions.
Open the interactive CVX valuation dashboard →
Figures are for informational purposes only and are not investment advice. Data as of 2026-10-14.