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 2026-09-26.
Chevron Corporation · Energy
$205.52
+35.9% upside to fair value
Med Conviction
Grade B
High Quality
VS
Honeywell International Inc. · Industrials
$212.55
-8.5% upside to fair value
Med Conviction
Grade C
QuantHub Verdict
CVX has more upside to fair value
(+35.9%).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
HON |
| Current Price |
$205.52 |
$212.55 |
| Fair Value Estimate |
$279.29 |
$194.50 |
| Upside to Fair Value |
+35.9%
|
-8.5%
|
| Market Cap |
$409.3B |
$67.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
7.8x
|
7.4x
|
| Price / Sales |
2.0x
|
1.9x
|
| Price / FCF |
15.0x
|
16.4x
|
| Revenue Growth YoY |
+51.4%
|
-6.1%
|
| Gross Margin |
31.0%
|
36.6%
|
| Operating Margin |
15.8%
|
14.1%
|
| Return on Equity |
11.0%
|
41.7%
|
| Dividend Yield |
3.43% |
2.09% |
| FCF Yield |
6.67%
|
6.11%
|
| Analyst Consensus |
Buy
|
Buy
|
Investment Thesis
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…
Honeywell International Inc. is a 101,000-employee diversified industrial technology and manufacturing conglomerate, led by CEO Vimal Kapur, spanning Aerospace, Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. Business quality is solid but not exceptional: the company carries a durable intangible-asset and switching-cost moat in aerospace avion…
Accumulation Zones
| Metric |
CVX |
HON |
| Zone Low |
$209.47 |
$145.88 |
| Zone High |
$237.40 |
$165.32 |
| In Buy Zone? |
Yes
|
No
|