Both stocks run through our valuation models. Here is how Chevron (CVX) and Valero Energy (VLO) compare, as of Aug 13, 2026.
As of Aug 13, 2026, Fair Value Calculator sees Chevron as the less overvalued of the two: Chevron trades at $197 versus a fair value of $90.66 (-54%), while Valero Energy trades at $324 versus $127 (-61%).
Chevron
CVX · USD · Energy
-54%
upside to fair value
overvalued
Price$197
Fair Value$90.66
Quality54/100
Valero Energy
VLO · USD · Energy
-61%
upside to fair value
overvalued
Price$324
Fair Value$127
Quality66/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
ChevronValero Energy
Valuation
30.3×P/E (TTM)22.6×
1.89×P/S (TTM)0.78×
1.88×P/B3.88×
10.1×EV/EBITDA10.5×
0.74×PEG4.08×
4.0%Dividend yield1.5%
$6.91Dividend per share$4.59
Profitability
6%Net margin4%
7%Operating margin6%
7%Return on equity16%
3%Return on assets6%
Growth
2%Revenue growth (YoY)7%
-9.2%Avg. growth/yr (3Y)-11.4%
14.3%Avg. growth/yr (5Y)13.6%
Balance & size
0.21×Debt / equity0.41×
$351BMarket cap$92B
mixedGrowth qualitymixed
Chevron leads: 9 to 5 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Chevronof which business quality 56 · market factors 71Valero Energyof which business quality 64 · market factors 92
ProfitabilityMargins and returns on capital today
35
43
Quality GrowthAre margins and returns improving?
24
36
CashflowEarnings quality: real cash, not paper profit
InvestmentDisciplined investing over empire-building
64
100
Low VolatilityCalm price path (market factor)
90
75
MomentumPrice trend over the last 3–12 months (market factor)
57
99
52W MomentumDistance to the 52-week high (market factor)
75
100
Net IssuanceBuybacks instead of dilution
78
100
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Chevron
DCF Models$97.22
Earnings-Based$60.92
Dividend Discount$88.24
Multiples$93.47
Asset-Based$62.72
Growth DCF$107
Economic Profit$60.31
Growth Earnings$68.45
24 of 24 models see the stock below the current price.
Valero Energy
DCF Models$240
Earnings-Based$103
Multiples$134
Asset-Based$53.53
Growth DCF$300
Economic Profit$113
Growth Earnings$119
21 of 24 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Chevron
Bear $64.84Fair Value $90.66Bull $118
$197 = current price (white tick)
Valero Energy
Bear $89.58Fair Value $127Bull $165
$324 = current price (white tick)
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Chevron · Energy
Quality score54 · above median
Fair value upside-54% · below median
Valero Energy · Energy
Quality score66 · Top 25%
Fair value upside-61% · bottom 25%
Bottom line
As of Aug 13, 2026, Fair Value Calculator sees Chevron as the less overvalued of the two: Chevron trades at $197 versus a fair value of $90.66 (-54%), while Valero Energy trades at $324 versus $127 (-61%).
Valero Energy has the higher quality score (66/100).
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
