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Chevron (BUE:CVX) Cyclically Adjusted Price-to-FCF : 29.08 (As of May. 17, 2024)


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What is Chevron Cyclically Adjusted Price-to-FCF?

As of today (2024-05-17), Chevron's current share price is ARS11061.50. Chevron's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was ARS380.34. Chevron's Cyclically Adjusted Price-to-FCF for today is 29.08.

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

BUE:CVX' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 22.41   Med: 44.35   Max: 89.54
Current: 28.35

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.

BUE:CVX's Cyclically Adjusted Price-to-FCF is ranked worse than
74.75% of 396 companies
in the Oil & Gas industry
Industry Median: 14.145 vs BUE:CVX: 28.35

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 ARS9,983.592. 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 ARS380.34 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
=11061.50/380.34
=29.08

* 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)
=9983.592/131.7762*131.7762
=9,983.592

Current CPI (Mar. 2024) = 131.7762.

Chevron Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -35.877 100.560 -47.014
201409 14.774 100.428 19.386
201412 -116.084 99.070 -154.408
201503 -198.645 99.621 -262.762
201506 -16.384 100.684 -21.444
201509 -58.249 100.392 -76.459
201512 -159.755 99.792 -210.957
201603 -276.494 100.470 -362.647
201606 -115.781 101.688 -150.039
201609 78.950 101.861 102.137
201612 -20.409 101.863 -26.402
201703 30.063 102.862 38.514
201706 121.730 103.349 155.213
201709 168.074 104.136 212.686
201712 196.344 104.011 248.757
201803 172.379 105.290 215.743
201806 377.320 106.317 467.676
201809 919.806 106.507 1,138.037
201812 816.478 105.998 1,015.042
201903 346.159 107.251 425.318
201906 976.517 108.070 1,190.731
201909 1,050.764 108.329 1,278.191
201912 367.579 108.420 446.764
202003 422.923 108.902 511.758
202006 -594.575 108.767 -720.353
202009 611.051 109.815 733.252
202012 52.739 109.897 63.239
202103 921.540 111.754 1,086.642
202106 2,033.435 114.631 2,337.565
202109 2,716.733 115.734 3,093.299
202112 2,881.764 117.630 3,228.339
202203 2,692.385 121.301 2,924.892
202206 5,212.813 125.017 5,494.659
202209 7,031.729 125.227 7,399.508
202212 6,056.513 125.222 6,373.525
202303 3,464.637 127.348 3,585.116
202306 2,600.250 128.729 2,661.808
202309 7,457.232 129.860 7,567.299
202312 12,489.353 129.419 12,716.791
202403 9,983.592 131.776 9,983.592

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  (BUE: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 (BUE:CVX) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Corp (BUE:CVX) » Definitions » Cyclically Adjusted Price-to-FCF
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.

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