CVX vs HON: Which Is the Better Buy?
Side-by-side comparison of Chevron Corporation and Honeywell International Inc. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-04-11.
Chevron Corporation · Energy
$188.52
-23.1% upside to fair value
Grade D
VS
Honeywell International Inc. · Industrials
$235.04
-9.9% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
HON has more upside to fair value
(-9.9%).
HON trades at a lower forward P/E
(22.3x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
HON |
| Current Price |
$188.52 |
$235.04 |
| Fair Value Estimate |
$145.00 |
$211.73 |
| Upside to Fair Value |
-23.1%
|
-9.9%
|
| Market Cap |
$376.9B |
$149.4B |
| Forward P/E |
22.9x
|
22.3x
|
| EV / EBITDA |
7.8x
|
16.9x
|
| Price / Sales |
1.5x
|
4.0x
|
| Price / FCF |
17.0x
|
27.7x
|
| Revenue Growth YoY |
-4.6%
|
-2.7%
|
| Gross Margin |
30.4%
|
36.9%
|
| Operating Margin |
9.0%
|
17.7%
|
| Return on Equity |
6.6%
|
33.28%
|
| Dividend Yield |
4.52% |
1.92% |
| FCF Yield |
5.89%
|
3.61%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
Chevron Corporation is a leading integrated oil and gas major with global upstream and downstream operations, a fortress balance sheet, and a shareholder-friendly capital return program. Under CEO Mike Wirth, the company has prioritized disciplined capital allocation, returning over $27 billion to shareholders in 2024 alone through buybacks and dividends, while maintaining a 38-year streak of con…
Honeywell is a diversified industrial conglomerate in the final stages of a transformative three-way separation into Honeywell Aerospace, Solstice Advanced Materials, and a retained Automation entity, targeting Q3 2026 completion. The business generated 33% ROE and $5.4B in free cash flow on $37.4B revenue in FY2025, supported by a record $37B backlog with 23% organic order growth in Q4. At $235 …
Accumulation Zones
| Metric |
CVX |
HON |
| Zone Low |
$108.75 |
$158.80 |
| Zone High |
$123.25 |
$179.97 |
| In Buy Zone? |
No
|
No
|