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Chevron Corp (NYSE:CVX)
P/B Ratio
1.42 (As of Today)

As of today, Chevron Corp's share price is $115.17. Chevron Corp's Book Value per Share for the fiscal year that ended in Dec. 2015 was $81.11. Hence, Chevron Corp's P/B Ratio of today is 1.42.

CVX' s P/B Ratio Range Over the Past 10 Years
Min: 0.92   Max: 2.68
Current: 1.46

0.92
2.68

During the past 13 years, Chevron Corp's highest P/B Ratio was 2.68. The lowest was 0.92. And the median was 1.64.

CVX's P/B Ratio is ranked lower than
70% of the 70 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 1.14 vs. CVX: 1.46 )

During the past 12 months, Chevron Corp's average Book Value Per Share Growth Rate was -5.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 5.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 9.50% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 12.20% per year.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Chevron Corp was 24.60% per year. The lowest was -13.00% per year. And the median was 12.90% per year.


Definition

Chevron Corp's P/B ratio for today is calculated as follows:

P/B Ratio=Share Price/Book Value per Share (A: Dec. 2015)
=115.17/81.111
=1.42

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

It can also be calculated from the numbers for the whole company:

A closely related ratio is called Price-to-Tangible-Book Ratio. The difference between Price-to-Tangible-Book Ratio and Price-to-Book Ratio is that book value other than intangibles are used in the calculation.


Explanation

Unlike valuation ratios relative to the earning power such as P/E ratio, P/S ratio or Price-to-Free-Cash-Flow ratio, the Price-to-Book Ratio measures the valuation of the stock relative to the underlying asset of the company.

The Price-to-Book Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.


Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.


Related Terms

Book Value per Share, Market Cap, Total Equity, Preferred Stock, P/E ratio, P/S ratio, Price-to-Free-Cash-Flow ratio, Price-to-Tangible-Book Ratio


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Chevron Corp Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
pb 2.312.531.711.681.741.741.541.601.361.11

Chevron Corp Semi-Annual Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
pb 1.611.441.361.271.170.961.111.201.341.32
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