Chevron Corp P/B Ratio
Data as of October 02, 2026
P/B Ratio
2.22
Stock Price
$207.10
Book Value/Share
$93.49
Sector
Energy
How It's Calculated
2.22 = $207.10 ÷ $93.49
What This Means
Chevron Corp's P/B ratio of 2.22 is between 1 and 3. This descriptive range does not establish fair value because economically comparable P/B levels vary by sector, profitability, leverage, accounting policy, and asset composition.
About Chevron Corp
Chevron Corp (CVX) operates in the Energy sector, specifically in Energy. With a market capitalization of about $407.34B, it ranks as a mega-cap stock — one of the largest publicly traded companies.
Shares recently traded near $207.10, within a 52-week range of $146.49 to $217.78 (-4.9% from the high, +41.4% from the low). Beta of 0.50 indicates relatively lower volatility versus the market.
Trailing profit margin is about 9.9%, signaling modest profitability that investors should weigh against growth plans.
Understanding This Metric
The price-to-book ratio compares market price to net asset value per share. For Chevron Corp, P/B is especially useful when earnings are volatile or temporarily depressed. In Energy, asset-heavy business models often anchor closer to book value, while asset-light models may trade far above book.
Sector Comparison
Among Energy names on our S&P 100 coverage, Chevron Corp's P/B ratio of 2.22 can be compared with peers such as XOM (2.64), COP (2.41), EOG (2.55). Sector context helps interpretation, but each company's growth profile and balance sheet differ — use multiple metrics before drawing conclusions. View all Energy stocks.
Key Takeaways
- CVX is grouped in the Energy sector for peer comparisons.
- Recent beta of 0.50 suggests lower-than-market price sensitivity.
- Trailing profit margin of 9.9% provides context for how much earnings support the headline multiple.
Related Tools & Guides
Explore calculators and guides connected to this metric, or view all metrics for CVX.
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Frequently Asked Questions
What does CVX's price-to-book ratio indicate?
P/B compares share price to book value per share. Chevron Corp's P/B of 2.22 reflects how the market prices net assets — especially relevant for asset-heavy Energy business models.
Is 2.22 above or below book value?
A P/B above 1.0 (2.22) means the market values CVX above accounting book value — often due to brands, growth, or intangible assets.
How does P/B compare within Energy?
Peer P/B levels in Energy (e.g. SLB (2.79), XOM (2.64), EOG (2.55)) provide context; asset-light vs asset-heavy models differ materially.
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