ChevronXSWX:CVX -0.72%62 EV-to-FCF is 28.29 as of Jun. 27, 2026, which is 70% above its 10-year median of 16.61. GuruFocus rates XSWX:CVX with a GF Score™ of 62/100 and a GF Value™ of CHF121.44. The stock has 5 warning signs investors should review. Among 576 Oil & Gas companies, Chevron ranks worse than 72.92% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Chevron's Enterprise Value is CHF313,233 Mil.
Chevron's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was CHF11,072 Mil. Therefore, Chevron's EV-to-FCF for today is 28.29.
The historical rank and industry rank for Chevron's EV-to-FCF or its related term are showing as below:
XSWX:CVX'
s EV-to-FCF Range Over the Past 10 Years
Min: -462.02 Med: 16.61 Max: 166.3
Current: 28.04
During the past 13 years, the highest EV-to-FCF of Chevron was 166.30. The lowest was -462.02. And the median was 16.61.
XSWX:CVX's EV-to-FCF is ranked worse than 72.92% of 576
companies
in the Oil & Gas industry
Industry Median: 15.705
vs XSWX:CVX: 28.04
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
As of today (2026-06-27), Chevron's stock price is CHF138.91.
Chevron's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was CHF4.610. Therefore, Chevron's PE Ratio (TTM) for today is 30.13.
Chevron (XSWX:CVX) EV-to-FCF Explanation
EV-to-FCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Chevron's share price for today is CHF138.91.
Chevron's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF4.610.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Chevron EV-to-FCF Related Terms
Chevron EV-to-FCF Historical Data
* Premium members only.
The historical data trend for Chevron's EV-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.
For the Oil & Gas Integrated subindustry, Chevron's EV-to-FCF, along with its competitors' market caps and EV-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 EV-to-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Chevron's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Chevron's EV-to-FCF falls into.
Chevron's current Enterprise Value is CHF313,233 Mil.
Chevron's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF11,072 Mil.
* 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 (XSWX:CVX) has a EV-to-FCF of 28.29 as of Jun. 27, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Chevron and its competitors. This is 70% above median its historical median of 16.61. According to the industry distribution chart, Chevron ranks #420 out of 576 companies in the Oil & Gas industry, placing it in the top 72.9%.
Is Chevron's EV-to-FCF too high?
Chevron's current EV-to-FCF of 28.29 is 70% above median its 10-year median of 16.61. The Oil & Gas industry median EV-to-FCF is 15.71. Chevron's value of 28.29 is 80.1% above this industry median. Based on the distribution chart, Chevron ranks #420 out of 576 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Chevron has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Chevron's EV-to-FCF compare to XOM and NFG?
According to the Oil & Gas industry distribution chart, Chevron ranks #420 out of 576 companies for EV-to-FCF. This places Chevron in the lower half of its industry. The industry median EV-to-FCF is 15.71. Chevron's value of 28.29 is 80.1% above this benchmark. While the company's 10-year median is 16.61 vs. the industry median of 15.71, Chevron has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.71, based on 576 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Chevron's current EV-to-FCF of 28.29 is 80.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Chevron and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Chevron's current EV-to-FCF is 28.29, which is 70% above median its own 10-year median of 16.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chevron stock overvalued right now?
Chevron (XSWX:CVX) has a current EV-to-FCF of 28.29. The stock's GF Value™ is CHF121.44, compared to a current price of CHF138.91 — trading 14.4% above its estimated fair value. The current EV-to-FCF is 28.29, which is 70% above median its 10-year median of 16.61 and 80.1% above the Oil & Gas industry median of 15.71. Chevron's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Chevron (XSWX:CVX), the current EV-to-FCF is 28.29 as of Jun. 27, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Chevron (XSWX:CVX) Overvalued in 2026?
Based on GuruFocus' analysis, Chevron stock appears to be overvalued.
The current stock price of CHF138.91 is trading 14.4% above its estimated GF Value™ of CHF121.44.
Key valuation signals for XSWX:CVX:
EV-to-FCF: 28.29 (70% above median its 10-year median of 16.61)
GF Value™: CHF121.44 vs. price of CHF138.91 (14.4% above fair value)
Industry Position: 80.1% above the Oil & Gas median (#420 of 576)
No single metric tells the full story. See the XSWX:CVX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 2025 worldwide net oil-equivalent production of 3.7 million barrels per day, including 8.5 billion cubic feet per day of natural gas and 2.3 million barrels of liquids per day. Production takes place in North America, South America, Europe, Africa, Asia, and Australia. The company's refining networks arelocated in the United States and Asia, with a total worldwide refining capacity of 1.8 million barrels of oil a day at year-end 2025. Net proved reserves at year-end 2025 stood at 10.6 billion barrels of oil equivalent, consisting of 5.7 billion barrels of liquids and 29.2 trillion cubic feet of natural gas.
62GF Score
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