Chevron
CVX
#17
Rank
$320.25 B
Marketcap
$163.61
Share price
1.36%
Change (1 day)
55.92%
Change (1 year)

P/E ratio for Chevron (CVX)

P/E ratio as of October 2022 (TTM): 10.7

According to Chevron's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 10.7399. At the end of 2021 the company had a P/E ratio of 14.4.

P/E ratio history for Chevron from 2001 to 2022

PE ratio at the end of each year

Year P/E ratio Change
202114.4-150.47%
2020-28.5-136.7%
201977.7458.15%
201813.9-45.7%
201725.7-105.88%
2016-436-1292.06%
201536.6232.83%
201411.0-1.66%
201311.238.65%
20128.062.54%
20117.8641.32%
20105.56

How to read a P/E ratio?

The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.

Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.