CEG vs CVX: Which Is the Better Buy?
Side-by-side comparison of Constellation Energy Corporation and Chevron Corporation — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-24.
Constellation Energy Corporation · Utilities
$262.11
-4.2% upside to fair value
Med Conviction
Grade C
High Quality
VS
Chevron Corporation · Energy
$205.52
+35.9% upside to fair value
Med Conviction
Grade B
High Quality
QuantHub Verdict
CVX has more upside to fair value
(+35.9%).
These are model outputs — not personalized investment advice.
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Valuation & Fundamentals
| Metric |
CEG |
CVX |
| Current Price |
$262.11 |
$205.52 |
| Fair Value Estimate |
$250.98 |
$279.29 |
| Upside to Fair Value |
-4.2%
|
+35.9%
|
| Market Cap |
$94.1B |
$409.3B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
13.9x
|
7.8x
|
| Price / Sales |
3.0x
|
2.0x
|
| Price / FCF |
300.3x
|
15.0x
|
| Revenue Growth YoY |
+23.0%
|
+51.4%
|
| Gross Margin |
94.9%
|
31.0%
|
| Operating Margin |
14.7%
|
15.8%
|
| Return on Equity |
14.7%
|
11.0%
|
| Dividend Yield |
0.64% |
3.43% |
| FCF Yield |
0.33%
|
6.67%
|
| Analyst Consensus |
Strong Buy
|
Buy
|
Investment Thesis
Constellation Energy is the largest U.S. producer of carbon-free electricity, operating roughly 32,400 megawatts of nuclear, gas, wind, solar, and hydro generation across the Mid-Atlantic, Midwest, New York, ERCOT, and other power markets, with a 94.9% TTM gross margin that reflects the low marginal cost of nuclear fuel and the scarcity value of firm clean power. The business quality is genuinely…
Chevron is a global integrated oil and gas major organized into Upstream and Downstream segments, spanning crude oil and natural gas exploration, LNG processing and transport, refining, petrochemicals, and lubricants, with 43,039 full-time employees and a market capitalization of $409.31 billion at a current price of $205.52. The business quality is high: it generates $13.71 of free cash flow per…
Accumulation Zones
| Metric |
CEG |
CVX |
| Zone Low |
$188.23 |
$209.47 |
| Zone High |
$213.33 |
$237.40 |
| In Buy Zone? |
No
|
Yes
|