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CVX (Chevron) Cyclically Adjusted Price-to-FCF : 18.88 (As of Jun. 01, 2025)


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What is Chevron Cyclically Adjusted Price-to-FCF?

As of today (2025-06-01), Chevron's current share price is $136.70. Chevron's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $7.24. Chevron's Cyclically Adjusted Price-to-FCF for today is 18.88.

The historical rank and industry rank for Chevron's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

CVX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 18.73   Med: 46.83   Max: 89.54
Current: 18.88

During the past years, Chevron's highest Cyclically Adjusted Price-to-FCF was 89.54. The lowest was 18.73. And the median was 46.83.

CVX's Cyclically Adjusted Price-to-FCF is ranked worse than
66.42% of 402 companies
in the Oil & Gas industry
Industry Median: 12.74 vs CVX: 18.88

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Chevron's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $0.721. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $7.24 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Chevron Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Chevron's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chevron Cyclically Adjusted Price-to-FCF Chart

Chevron Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.66 48.07 44.52 27.49 21.63

Chevron Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.76 26.44 23.68 21.63 23.11

Competitive Comparison of Chevron's Cyclically Adjusted Price-to-FCF

For the Oil & Gas Integrated subindustry, Chevron's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chevron's Cyclically Adjusted Price-to-FCF Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Chevron's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Chevron's Cyclically Adjusted Price-to-FCF falls into.


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Chevron Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Chevron's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=136.70/7.24
=18.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chevron's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Chevron's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.721/134.9266*134.9266
=0.721

Current CPI (Mar. 2025) = 134.9266.

Chevron Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.225 100.684 -0.302
201509 -0.774 100.392 -1.040
201512 -1.543 99.792 -2.086
201603 -2.367 100.470 -3.179
201606 -1.035 101.688 -1.373
201609 0.662 101.861 0.877
201612 -0.161 101.863 -0.213
201703 0.244 102.862 0.320
201706 0.923 103.349 1.205
201709 1.199 104.136 1.554
201712 1.285 104.011 1.667
201803 1.069 105.290 1.370
201806 1.891 106.317 2.400
201809 3.124 106.507 3.958
201812 2.707 105.998 3.446
201903 1.107 107.251 1.393
201906 2.732 108.070 3.411
201909 2.349 108.329 2.926
201912 0.769 108.420 0.957
202003 0.852 108.902 1.056
202006 -1.086 108.767 -1.347
202009 1.029 109.815 1.264
202012 0.081 109.897 0.099
202103 1.279 111.754 1.544
202106 2.683 114.631 3.158
202109 3.473 115.734 4.049
202112 3.567 117.630 4.092
202203 3.134 121.301 3.486
202206 5.415 125.017 5.844
202209 6.326 125.227 6.816
202212 4.516 125.222 4.866
202303 2.192 127.348 2.322
202306 1.354 128.729 1.419
202309 2.664 129.860 2.768
202312 4.325 129.419 4.509
202403 1.481 131.776 1.516
202406 1.270 132.554 1.293
202409 3.110 133.029 3.154
202412 2.450 133.157 2.483
202503 0.721 134.927 0.721

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Chevron  (NYSE:CVX) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Chevron Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Chevron's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Chevron Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Corp (NYSE:CVX) » Definitions » Cyclically Adjusted Price-to-FCF
Address
1400 Smith Street, Hou, TX, USA, 77002-7327
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2024 stood at 9.8 billion barrels of oil equivalent, including 5.1 billion barrels of liquids and 28.4 trillion cubic feet of natural gas.
Executives
Jeff B Gustavson officer: Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Michael K Wirth officer: Executive Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Enrique Jr Hernandez director INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105
Alana K Knowles officer: VP and Controller 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Pierre R Breber officer: Vice President and President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Rhonda J Morris officer: Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
James William Johnson officer: Senior Vice President 5125 DOLIVER DRIVE, HOUSTON TX 77056
Alice P Gast director LEHIGH UNIVERSITY, 27 MEMORIAL DRIVE WEST, BETHLEHEM PA 18015
R. Hewitt Pate officer: VP and General Counsel 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Andrew Nigel Hearne officer: Executive Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Wanda M Austin director 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Cynthia J Warner director 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Joseph C Geagea officer: Senior Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
David A Inchausti officer: Vice Pres. and Comptroller 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Mark A Nelson officer: Vice President 6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583