On 12 Nov 2026 our base value for Chevron Corporation is $267.03 a share, 23.4% above its $216.35 close; 1 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | 4.67x spot |
| Exit multiple (P/E) | $267.03 | +23.4% | earnings per share $18.27 valued at 12.38× (the stock's own median P/E) in 5 years, discounted back |
| Sum of the parts | — | — | no sum of the parts: this run holds no segment disclosure for the name |
| Price to sales | — | — | not reached: the cash-flow or earnings methods produced an anchor, so this fallback was not run |
| Tangible book | — | — | used only for lenders, where book value is the business |
| Price to FFO (REITs) | — | — | used only for REITs |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
Earnings per share grow on the same fading path as the DCF:
| Year | Growth | Earnings per share |
|---|---|---|
| Now | — | $18.27 |
| Year 1 | 20.75% | $22.06 |
| Year 2 | 14.54% | $25.26 |
| Year 3 | 10.50% | $27.92 |
| Year 4 | 7.87% | $30.12 |
| Year 5 | 6.17% | $31.97 |
| Earnings per share in year 5 | $31.97 |
| Exit P/E (the stock's own median P/E) | 12.38× |
| Value in 5 years = earnings × P/E | $395.82 |
| Discounted at 8.19% over 5 years: ÷ 1.4823 | $267.03 |
The base value is the average of the methods kept in it:
| Method | Value |
|---|---|
| Exit multiple (P/E) | $267.03 |
One method is kept, so the base value is its value: $267.03
Base value $267.03 a share
One-year price simulation: a 10% chance the price is below $169.57 and a 10% chance it is above $307.14 in a year; a 60% chance it is higher than today's $216.35, from 23.06% volatility. The simulation assumes the price drifts up at our discount rate of 8.19% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $206.69 | — |
| 9 Oct 2026 | $211.98 | — |
| 16 Oct 2026 | $224.99 | — |
| 23 Oct 2026 | $233.21 | — |
| 30 Oct 2026 | $235.52 | $258.67 |
| 6 Nov 2026 | $212.61 | $272.44 |
| 12 Nov 2026 | $216.35 | $267.03 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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