Basis: Current FMP quote-based enterprise value / four-quarter operating cash flow less absolute capital expenditures. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/FCF ratio high or low?
The EV/FCF ratio of 16.84x is in line with its estimated 5-year average of 16.43x, around the middle of its estimated 5-year range (7.92x–31.33x).
As of 2026-09-12T00:15:26.954Z. 28.27% below its estimated 12-month average of 23.48x.
Calculation as of: 2026-09-12T00:15:26.954Z.
Quote observation: 2026-09-11T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d8d5fddb5fdcb742be5bf58cdd726c43e619e0f16ff72c27cb5095b85d33e110
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-10.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/FCF RATIO
16.84x
EV/FCF RATIO AVG TTM
23.48x
EV/FCF RATIO AVG 3Y
18.10x
EV/FCF RATIO AVG 5Y
16.43x
EV/FCF RATIO AVG 10Y
17.98x
EV/FCF RATIO AVG 15Y
18.17x
EV/FCF RATIO AVG 20Y
17.84x
CURRENT VS TTM AVG
-28.27%
CURRENT VS 3Y AVG
-6.95%
CURRENT VS 5Y AVG
+2.48%
CURRENT VS 10Y AVG
-6.34%
CURRENT VS 15Y AVG
-7.33%
CURRENT VS 20Y AVG
-5.59%
SECTOR MEDIAN · ENERGY
18.88x
median of 46 covered companies
CURRENT VS SECTOR MEDIAN
-10.81%
vs the sector median at left
Chevron Corporation
Market Cap
$426.22B
EV/FCF Ratio
16.84x
TTM Avg
23.48x
3Y Avg
18.10x
5Y Avg
16.43x
Market Cap
$688.06B
EV/FCF Ratio
23.56x
TTM Avg
26.93x
3Y Avg
18.83x
5Y Avg
15.62x
Market Cap
$115.59B
EV/FCF Ratio
11.02x
TTM Avg
19.85x
3Y Avg
13.95x
5Y Avg
19.24x
Market Cap
$112.41B
EV/FCF Ratio
11.45x
TTM Avg
15.08x
3Y Avg
10.20x
5Y Avg
11.72x
Market Cap
$104.43B
EV/FCF Ratio
17.08x
TTM Avg
17.69x
3Y Avg
14.44x
5Y Avg
12.86x
| NAME | MARKET CAP | EV/FCF RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Chevron Corporation (CVX) | $426.22B | 16.84x | 23.48x | 18.10x | 16.43x |
| Shell plc (SHEL)vs › | $269.80B | 9.87x | 10.47x | 8.47x | 8.12x |
| TotalEnergies SE (TTE)vs › | $204.64B | 14.68x | 16.91x | 13.12x | 11.32x |
| ConocoPhillips (COP)vs › | $167.33B | 29.37x | 11.06x | 14.14x | 13.10x |
| Exxon Mobil Corporation (XOM)vs › | $688.06B | 23.56x | 26.93x | 18.83x | 15.62x |
| Marathon Petroleum Corporation (MPC)vs › | $115.59B | 11.02x | 19.85x | 13.95x | 19.24x |
| Valero Energy Corporation (VLO)vs › | $112.41B | 11.45x | 15.08x | 10.20x | 11.72x |
| Canadian Natural Resources Limited (CNQ)vs › | $104.43B | 17.08x | 17.69x | 14.44x | 12.86x |
| Phillips 66 (PSX)vs › | $104.03B | 18.85x | 247.81x | 97.09x | 63.07x |
| The Williams Companies, Inc. (WMB)vs › | $89.11B | N/A | 99.00x | 53.20x | 40.72x |
EV/FCF
16.8x
P/FCF
15.8x
FCF Yield
6.34%
Formula: EV/FCF = Enterprise Value / Free Cash Flow
EV/FCF vs P/FCF:
EV/FCF = Enterprise Value / Free Cash Flow (TTM)
Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/FCF RATIO |
|---|---|
| 2026-09-10 | 16.61x |
| 2026-09-09 | 16.69x |
| 2026-09-08 | 16.40x |
| 2026-09-04 | 16.31x |
| 2026-09-03 | 16.51x |
| 2026-09-02 | 16.54x |
| 2026-09-01 | 16.49x |
| 2026-08-31 | 16.13x |
| 2026-08-28 | 15.82x |
| 2026-08-27 | 15.66x |
| 2026-08-26 | 15.70x |
| 2026-08-25 | 15.67x |
| 2026-08-24 | 15.91x |
| 2026-08-21 | 16.07x |
| 2026-08-20 | 16.10x |
| 2026-08-19 | 16.10x |
| 2026-08-18 | 16.10x |
| 2026-08-17 | 15.88x |
| 2026-08-14 | 15.68x |
| 2026-08-13 | 15.51x |
| 2026-08-12 | 15.43x |
| 2026-08-11 | 15.44x |
| 2026-08-10 | 15.31x |
| 2026-08-07 | 14.70x |
| 2026-08-06 | 30.18x |
| 2026-08-05 | 29.77x |
| 2026-08-04 | 30.35x |
| 2026-08-03 | 30.75x |
| 2026-07-31 | 31.27x |
| 2026-07-30 | 30.62x |
| 2026-07-29 | 30.56x |
| 2026-07-28 | 29.94x |
| 2026-07-27 | 30.29x |
| 2026-07-24 | 30.98x |
| 2026-07-23 | 30.93x |
| 2026-07-22 | 30.72x |
| 2026-07-21 | 30.44x |
| 2026-07-20 | 30.25x |
| 2026-07-17 | 29.91x |
| 2026-07-16 | 29.41x |
| 2026-07-15 | 29.08x |
| 2026-07-14 | 29.10x |
| 2026-07-13 | 29.17x |
| 2026-07-10 | 28.33x |
| 2026-07-09 | 27.99x |
| 2026-07-08 | 28.27x |
| 2026-07-07 | 27.99x |
| 2026-07-06 | 27.13x |
| 2026-07-02 | 27.29x |
| 2026-07-01 | 26.79x |
| 2026-06-30 | 26.80x |
| 2026-06-29 | 27.19x |
| 2026-06-26 | 27.56x |
| 2026-06-25 | 27.73x |
| 2026-06-24 | 27.62x |
| 2026-06-23 | 28.27x |
| 2026-06-22 | 28.14x |
| 2026-06-18 | 27.93x |
| 2026-06-17 | 28.50x |
| 2026-06-16 | 28.86x |
| 2026-06-15 | 28.91x |
| 2026-06-12 | 29.89x |
| 2026-06-11 | 29.69x |
| 2026-06-10 | 30.26x |
| 2026-06-09 | 29.82x |
| 2026-06-08 | 30.18x |
| 2026-06-05 | 29.90x |
| 2026-06-04 | 30.05x |
| 2026-06-03 | 30.25x |
| 2026-06-02 | 29.94x |
| 2026-06-01 | 29.69x |
| 2026-05-29 | 29.20x |
| 2026-05-28 | 29.29x |
| 2026-05-27 | 29.19x |
| 2026-05-26 | 29.53x |
| 2026-05-22 | 30.50x |
| 2026-05-21 | 30.44x |
| 2026-05-20 | 30.48x |
| 2026-05-19 | 31.33x |
| 2026-05-18 | 31.17x |
| 2026-05-15 | 30.45x |
| 2026-05-14 | 29.81x |
| 2026-05-13 | 29.71x |
| 2026-05-12 | 29.71x |
| 2026-05-11 | 29.53x |
| 2026-05-08 | 29.08x |
| 2026-05-07 | 24.30x |
| 2026-05-06 | 24.62x |
| 2026-05-05 | 25.52x |
| 2026-05-04 | 25.48x |
| 2026-05-01 | 25.28x |
| 2026-04-30 | 25.60x |
| 2026-04-29 | 25.47x |
| 2026-04-28 | 25.01x |
| 2026-04-27 | 24.58x |
| 2026-04-24 | 24.63x |
| 2026-04-23 | 24.92x |
| 2026-04-22 | 24.76x |
| 2026-04-21 | 24.72x |
| 2026-04-20 | 24.39x |
| 2026-04-17 | 24.48x |
| 2026-04-16 | 24.98x |
| 2026-04-15 | 24.59x |
| 2026-04-14 | 24.85x |
| 2026-04-13 | 25.42x |
| 2026-04-10 | 25.03x |
| 2026-04-09 | 25.25x |
| 2026-04-08 | 25.55x |
| 2026-04-07 | 26.59x |
| 2026-04-06 | 26.27x |
| 2026-04-02 | 26.28x |
| 2026-04-01 | 26.09x |
| 2026-03-31 | 27.23x |
| 2026-03-30 | 27.69x |
| 2026-03-27 | 27.74x |
| 2026-03-26 | 27.34x |
| 2026-03-25 | 27.02x |
| 2026-03-24 | 27.22x |
| 2026-03-23 | 27.03x |
| 2026-03-20 | 26.61x |
| 2026-03-19 | 26.58x |
| 2026-03-18 | 26.24x |
| 2026-03-17 | 26.16x |
| 2026-03-16 | 26.02x |
| 2026-03-13 | 26.02x |
| 2026-03-12 | 26.04x |
| 2026-03-11 | 25.42x |
| 2026-03-10 | 24.76x |
| 2026-03-09 | 25.14x |
| 2026-03-06 | 25.20x |
| 2026-03-05 | 25.19x |
| 2026-03-04 | 24.73x |
| 2026-03-03 | 25.06x |
| 2026-03-02 | 25.16x |
| 2026-02-27 | 24.82x |
| 2026-02-26 | 24.50x |
| 2026-02-25 | 24.51x |
| 2026-02-24 | 25.48x |
| 2026-02-23 | 25.42x |
| 2026-02-20 | 25.30x |
| 2026-02-19 | 25.41x |
| 2026-02-18 | 25.29x |
| 2026-02-17 | 24.88x |
| 2026-02-13 | 25.28x |
| 2026-02-12 | 25.11x |
| 2026-02-11 | 25.54x |
| 2026-02-10 | 25.09x |
| 2026-02-09 | 25.13x |
| 2026-02-06 | 24.91x |
| 2026-02-05 | 24.71x |
| 2026-02-04 | 24.96x |
| 2026-02-03 | 24.56x |
| 2026-02-02 | 24.06x |
| 2026-01-30 | 24.42x |
| 2026-01-29 | 23.70x |
| 2026-01-28 | 23.54x |
| 2026-01-27 | 23.43x |
| 2026-01-26 | 23.24x |
| 2026-01-23 | 23.14x |
| 2026-01-22 | 23.13x |
| 2026-01-21 | 23.14x |
| 2026-01-20 | 22.96x |
| 2026-01-16 | 23.08x |
| 2026-01-15 | 23.07x |
| 2026-01-14 | 23.20x |
| 2026-01-13 | 22.78x |
| 2026-01-12 | 22.59x |
| 2026-01-09 | 22.56x |
| 2026-01-08 | 22.20x |
| 2026-01-07 | 21.69x |
| 2026-01-06 | 21.86x |
| 2026-01-05 | 22.78x |
| 2026-01-02 | 21.78x |
| 2025-12-31 | 21.34x |
| 2025-12-30 | 21.33x |
| 2025-12-29 | 21.16x |
| 2025-12-26 | 21.04x |
| 2025-12-24 | 21.10x |
| 2025-12-23 | 21.10x |
| 2025-12-22 | 21.01x |
| 2025-12-19 | 20.75x |
| 2025-12-18 | 20.75x |
| 2025-12-17 | 20.98x |
| 2025-12-16 | 20.63x |
| 2025-12-15 | 21.01x |
| 2025-12-12 | 21.03x |
| 2025-12-11 | 21.13x |
| 2025-12-10 | 21.21x |
| 2025-12-09 | 20.85x |
| 2025-12-08 | 20.87x |
| 2025-12-05 | 21.04x |
| 2025-12-04 | 21.32x |
| 2025-12-03 | 21.24x |
| 2025-12-02 | 21.07x |
| 2025-12-01 | 21.36x |
| 2025-11-28 | 21.18x |
| 2025-11-26 | 20.97x |
| 2025-11-25 | 20.85x |
| 2025-11-24 | 21.00x |
| 2025-11-21 | 21.03x |
| 2025-11-20 | 21.08x |
| 2025-11-19 | 21.25x |
| 2025-11-18 | 21.49x |
| 2025-11-17 | 21.64x |
| 2025-11-14 | 21.99x |
| 2025-11-13 | 21.74x |
| 2025-11-12 | 21.45x |
| 2025-11-11 | 21.82x |
| 2025-11-10 | 21.75x |
| 2025-11-07 | 21.67x |
| 2025-11-06 | 17.89x |
| 2025-11-05 | 17.86x |
| 2025-11-04 | 17.94x |
| 2025-11-03 | 18.01x |
| 2025-10-31 | 18.40x |
| 2025-10-30 | 17.95x |
| 2025-10-29 | 18.12x |
| 2025-10-28 | 18.02x |
| 2025-10-27 | 18.14x |
| 2025-10-24 | 18.17x |
| 2025-10-23 | 18.28x |
| 2025-10-22 | 18.17x |
| 2025-10-21 | 17.98x |
| 2025-10-20 | 18.05x |
| 2025-10-17 | 17.90x |
| 2025-10-16 | 17.76x |
| 2025-10-15 | 17.80x |
| 2025-10-14 | 17.83x |
| 2025-10-13 | 17.78x |
| 2025-10-10 | 17.46x |
| 2025-10-09 | 17.75x |
| 2025-10-08 | 17.98x |
| 2025-10-07 | 18.10x |
| 2025-10-06 | 18.01x |
| 2025-10-03 | 17.95x |
| 2025-10-02 | 17.94x |
| 2025-10-01 | 18.06x |
| 2025-09-30 | 18.14x |
| 2025-09-29 | 18.23x |
| 2025-09-26 | 18.66x |
| 2025-09-25 | 18.72x |
| 2025-09-24 | 18.56x |
| 2025-09-23 | 18.37x |
| 2025-09-22 | 18.22x |
| 2025-09-19 | 18.24x |
| 2025-09-18 | 18.52x |
| 2025-09-17 | 18.65x |
| 2025-09-16 | 18.59x |
| 2025-09-15 | 18.36x |
| 2025-09-12 | 18.33x |
| 2025-09-11 | 18.46x |
| 2025-09-10 | 18.41x |
| 2025-09-09 | 18.09x |
| 2025-09-08 | 18.00x |
| 2025-09-05 | 17.97x |
| 2025-09-04 | 18.40x |
| 2025-09-03 | 18.44x |
| 2025-09-02 | 18.84x |
| 2025-08-29 | 18.71x |
| 2025-08-28 | 18.57x |
Showing the most recent 260 of 3,975 data points. The chart above shows the full history.
