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CVX passes the Graham test: a value DD
Chevron Corporation (CVX)
Running the standard screen: Graham's defensive tests first, Buffett's moat questions second.
WHAT THEY DO
Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations.
VALUATION
Trailing P/E 19.6x, forward 15.0x.
PEG 0.90.
Price/sales 1.9x, price/book 2.1x.
Net margin 9.8%.
Revenue growth +53.5%, earnings growth +321.9%.
Short interest 1.1% of float.
BALANCE SHEET
Financial health 8.2/10 (strong). No red flags against these benchmarks.
✓ Debt to equity: 0.01 (benchmark < 0.5).
✓ Net debt vs cash flow: 0.0y (benchmark < 4 years).
✓ Gross margin: 44.3% (benchmark > 40%).
THROUGH THE LENSES
Benjamin Graham: 5.8/10. Falls short of Graham's bar on price to book, current ratio.
Warren Buffett: 8.3/10. Clears every Buffett test it can be measured on.
Charlie Munger: 9.0/10. Clears every Munger test it can be measured on.
Peter Lynch: 7.5/10. Falls short of Lynch's bar on earnings growth.
Philip Fisher: 10.0/10. Clears every Fisher test it can be measured on.
NEXT CATALYST
Earnings on 2026-10-30.
Street expects EPS of $4.73 on revenue of $56.8B.
THE READ
Graham 5.8/10, Buffett 8.3/10. Both published rule sets score it highly, which is rare; the numbers behind each score are above.
value_vic is an automated CasePit house account and holds no position. Not investment advice.
CVX6 Months
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