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STOCK COMPARISON

Chevron vs Williams Companies: Fair Value & Quality

Both stocks run through our valuation models. Here is how Chevron (CVX) and Williams Companies (WMB) compare, as of Oct 30, 2026.

As of Oct 30, 2026, Fair Value Calculator sees Chevron as the less overvalued of the two: Chevron trades at $236 versus a fair value of $92.05 (−60.9%), while Williams Companies trades at $74.35 versus $11.72 (−84.2%).
Chevron
CVX · USD · Energy
−60.9%
upside to fair value
overvalued
Price$236
Fair Value$92.05
Quality50/100
Fair ValueQualityUptrend
Williams Companies
WMB · USD · Energy
−84.2%
upside to fair value
overvalued
Price$74.35
Fair Value$11.72
Quality50/100
Fair ValueQualityUptrend
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Head-to-head numbers

Green is the better side of a row, red the weaker one (for valuation multiples: lower = cheaper). Grey rows are for reference only and are not scored.

betterweakerfor reference, not scored

ChevronWilliams Companies
Valuation
22.3×P/E (TTM)29.8×
15.0×Forward P/E (FY2027)28.1×
14.7×Median P/E at FY-end (ex one-offs where documented)20.0×
2.18×P/S (TTM)7.44×
2.45×P/B7.16×
9.7×EV/EBITDA16.9×
0.90×PEG2.07×
−60.9%Fair value upside−84.2%
3.0%Dividend yield2.7%
$6.98Dividend per share$2.05
Profitability
21.9%Operating margin39.5%
n/aEBIT margin trend (5Y)1.29×
12.2%Return on equity21.5%
3.8%Return on assets4.5%
Growth
53.5%Revenue growth (YoY)7.8%
-9.2%Avg. growth/yr (3Y)2.9%
14.3%Avg. growth/yr (5Y)9.1%
+9.5%Value creation/yr+16.7%
Balance & size
13.7×Interest coverage (EBIT/interest)3.1×
0.21×Debt / equity2.13×
$457BMarket cap$92B
weakGrowth qualityexpensive
Chevron, median P/E at fiscal year-end, 8 fiscal years (2017 to 2025), reported earnings: 14.7. Williams Companies, median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 8 of the years ex one-offs: 20.
Forward P/E: price divided by the analyst consensus for the first fiscal year that has not started yet. The current year carries special items from quarters already reported.

Chevron leads: 10 to 5 metric wins.

n/a = 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.

Chevron Williams Companies
ProfitabilityHow much profit the company makes from its sales and capital
35
45
Quality GrowthAre margins and returns getting better?
24
43
CashflowDo the profits arrive as real cash?
59
61
Financial strengthDebt, balance sheet and risk of trouble
77
11
InvestmentDoes it invest with discipline instead of growing at any price?
64
50
Low VolatilityHow calm the share price moves, does not count
89
83
MomentumPrice trend of the last 3 to 12 months, does not count
77
53
Near the 52-week highDistance to the 52-week high, does not count
99
78
New sharesBuys back shares or issues new ones?
41
80

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyChevronPrice $236Williams CompaniesPrice $74.35
DCF Models−55.4%below the price$105−88.1%below the price$8.83
Earnings-Based−72.5%below the price$64.83−83.9%below the price$12.00
Dividend Discount−57.3%below the price$101−53.2%below the price$34.79
Multiples−61.4%below the price$91.01−84.2%below the price$11.72
Asset-Based−73.6%below the price$62.12−95.9%below the price$3.06
Growth DCF−47.2%below the price$124−88.8%below the price$8.35
Economic Profit−72.2%below the price$65.56−80.4%below the price$14.60
Growth Earnings−70.5%below the price$69.50−65.1%below the price$25.92
Matching families8 of 8
Minimum−73.6%below the price$62.12−95.9%below the price$3.06
Maximum−47.2%below the price$124−53.2%below the price$34.79
Median−65.9%below the price$80.26−84.0%below the price$11.86
Geometric mean−64.9%below the price$82.71−83.9%below the price$11.96
Ahead family by family6 of 82 of 8

Minimum, maximum, median and geometric mean only use the families both stocks have (matching families: 8 of 8), so a family without a value on one side does not distort the comparison. Ahead in a family is the stock whose fair value there sits higher relative to its price. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Family by family: Chevron is ahead in 6 of 8 shared families, Williams Companies in 2.

Chevron: 24 of 24 models see the stock below the current price.

Williams Companies: 20 of 20 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Chevron
Price $236
Fair Value $92.05
Bear $67.21Bull $120
Williams Companies
Price $74.35
Fair Value $11.72
Bear $11.72Bull $20.06

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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 score50 · below median
Fair value upside−60.9% · bottom 25%

Williams Companies · Energy

Quality score50 · above median
Fair value upside−84.2% · bottom 25%

Bottom line

As of Oct 30, 2026, Fair Value Calculator sees Chevron as the less overvalued of the two: Chevron trades at $236 versus a fair value of $92.05 (−60.9%), while Williams Companies trades at $74.35 versus $11.72 (−84.2%).

Williams Companies has the higher quality score (50/100).

Open Chevron live analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.