Market Cap : 308.69 B | Enterprise Value : 322.55 B | PE Ratio : 10.52 | PB Ratio : 2.01 |
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Chevron has the GF Value Rank of 7.
The GF Value Rank is determined by the price-to-GF-Value (P/GF Value) ratio, a proprietary metric calculated based on historical multiples along with an adjustment factor based on a company's past returns and growth and future estimates of the business' performance.
GuruFocus found that for valuation, we cannot simply give stocks a better GF Value rank simply because they have a lower P/GF Value ratio. Backtesting shows that over the long term, the two worst-performing groups are the most expensive group (with the highest P/GF Value ratio) and the least expensive group (with the lowest P/GF Value ratio).
We can understand why the most expensive group underperforms. We were initially puzzled by the underperformance of the least expensive group, but we realized there is a reason why some stocks are super cheap. If they look too undervalued, it is often because the businesses behind them are poor quality. The market realized this and gave them low valuations. In a way, the market is efficient.
After multiple backtesting analyses, we granted the stocks in third-cheapest percentile the highest GF Value rank, as they have performed the best over a full market cycle. Stock performance is actually not as sensitive to valuation as it is to growth and profitability. On average, the companies in the 20%-50% valuation groups have similar performances. Therefore, we should avoid the most expensive and the least expensive stocks. We can be more tolerant of valuation.
Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.
For the Oil & Gas Integrated subindustry, Chevron's GF Value Rank, along with its competitors' market caps and GF Value Rank 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.
For the Oil & Gas industry and Energy sector, Chevron's GF Value Rank distribution charts can be found below:
* The bar in red indicates where Chevron's GF Value Rank falls into.
Thank you for viewing the detailed overview of Chevron's GF Value Rank provided by GuruFocus.com. Please click on the following links to see related term pages.
Bonner Eimear P | officer: Vice President | 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 |
Hewson Marillyn A | director | C/O CARPENTER TECHNOLOGY CORPORATION PO BOX 14662 READING PA 19612-4662 |
Inchausti David A | officer: Vice Pres. and Comptroller | 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 |
Parfitt Colin E | officer: Vice President | 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 |
Morris Rhonda J | officer: Vice President | 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 |
Reed Debra L | director | 488 8TH AVENUE SAN DIEGO CA 92101 |
Umpleby Iii Donald J | director | 510 LAKE COOK ROAD SUITE 100 DEERFIELD IL 60015 |
Nelson Mark A | officer: Vice President | 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 |
Frank John | director | C/O OAKTREE CAPITAL MANAGEMENT 333 SOUTH GRAND 28TH FLOOR LOS ANGELES CA 90071 |
Austin Wanda M | director | 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 |
Moyo Dambisa F | director | 10200 S. DEANZA BOULEVARD CUPERTINO CA 95014 |
Ourada Jeanette L | officer: Vice Pres. and Comptroller | 6001 BOLLINGER CANYON ROAD SAN RAMON CA 94583 |
Thulin Inge G | director | 1250 5TH AVENUE SOUTH NAPLES FL 34102 |
Cummings Alexander B Jr | director | |
Huntsman Jon M Jr | director | 500 HUNTSMAN WAY SALT LAKE CITY UT 84108 |
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