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Chevron (UKEX:CVX) Cyclically Adjusted Price-to-FCF : 27.77 (As of May. 24, 2024)


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What is Chevron Cyclically Adjusted Price-to-FCF?

As of today (2024-05-24), Chevron's current share price is ₴5732.00. Chevron's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ₴206.40. Chevron's Cyclically Adjusted Price-to-FCF for today is 27.77.

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

UKEX:CVX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.41   Med: 44.35   Max: 89.54
Current: 27.62

During the past years, Chevron's highest Cyclically Adjusted Price-to-FCF was 89.54. The lowest was 22.41. And the median was 44.35.

UKEX:CVX's Cyclically Adjusted Price-to-FCF is ranked worse than
75.06% of 393 companies
in the Oil & Gas industry
Industry Median: 13.91 vs UKEX:CVX: 27.62

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. 2024 was ₴59.481. 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 ₴206.40 for the trailing ten years ended in Mar. 2024.

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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.44 40.66 48.07 44.52 27.49

Chevron Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 36.39 33.68 34.20 27.49 27.76

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.



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
=5732.00/206.4
=27.77

* 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. 2024 is calculated as:

For example, Chevron's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=59.481/131.7762*131.7762
=59.481

Current CPI (Mar. 2024) = 131.7762.

Chevron Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -22.164 100.560 -29.044
201409 8.808 100.428 11.557
201412 -68.142 99.070 -90.638
201503 -113.054 99.621 -149.545
201506 -9.051 100.684 -11.846
201509 -31.097 100.392 -40.819
201512 -61.956 99.792 -81.813
201603 -95.033 100.470 -124.645
201606 -41.572 101.688 -53.873
201609 26.567 101.861 34.369
201612 -6.462 101.863 -8.360
201703 9.788 102.862 12.539
201706 37.059 103.349 47.252
201709 48.144 104.136 60.923
201712 51.613 104.011 65.391
201803 42.943 105.290 53.746
201806 75.941 106.317 94.126
201809 125.465 106.507 155.232
201812 108.694 105.998 135.128
201903 44.450 107.251 54.615
201906 109.708 108.070 133.774
201909 94.309 108.329 114.721
201912 30.868 108.420 37.518
202003 34.202 108.902 41.386
202006 -43.594 108.767 -52.816
202009 41.314 109.815 49.576
202012 3.253 109.897 3.901
202103 51.351 111.754 60.551
202106 107.747 114.631 123.862
202109 139.463 115.734 158.794
202112 143.232 117.630 160.458
202203 125.866 121.301 136.735
202206 217.451 125.017 229.208
202209 254.018 125.227 267.304
202212 181.335 125.222 190.826
202303 88.032 127.348 91.093
202306 54.383 128.729 55.670
202309 106.963 129.860 108.542
202312 173.658 129.419 176.820
202403 59.481 131.776 59.481

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  (UKEX: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 (UKEX:CVX) Business Description

Industry
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Address
6001 Bollinger Canyon Road, San Ramon, CA, USA, 94583-2324
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 U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2022 stood at 11.2 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.

Chevron (UKEX:CVX) Headlines