CVX vs QCOM: Which Is the Better Buy?
Side-by-side comparison of Chevron Corporation and QUALCOMM Incorporated — 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
QUALCOMM Incorporated · Technology
$201.97
-21.1% upside to fair value
Med Conviction
Grade D
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 |
CVX |
QCOM |
| Current Price |
$205.52 |
$201.97 |
| Fair Value Estimate |
$279.29 |
$159.42 |
| Upside to Fair Value |
+35.9%
|
-21.1%
|
| Market Cap |
$409.3B |
$212.1B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
7.8x
|
16.5x
|
| Price / Sales |
2.0x
|
4.8x
|
| Price / FCF |
15.0x
|
20.5x
|
| Revenue Growth YoY |
+51.4%
|
-4.0%
|
| Gross Margin |
31.0%
|
54.2%
|
| Operating Margin |
15.8%
|
23.2%
|
| Return on Equity |
11.0%
|
37.3%
|
| Dividend Yield |
3.43% |
1.79% |
| FCF Yield |
6.67%
|
4.88%
|
| Analyst Consensus |
Buy
|
Hold
|
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…
Qualcomm develops foundational wireless technologies and monetizes them through two main engines: QCT, which supplies Snapdragon application processors and modems, and QTL, which licenses a standards-essential patent portfolio covering CDMA2000, WCDMA, LTE and 5G. The licensing arm and the company's entrenched position in premium Android handsets give it a genuinely high-quality business, evidenc…
Accumulation Zones
| Metric |
CVX |
QCOM |
| Zone Low |
$209.47 |
$119.56 |
| Zone High |
$237.40 |
$135.51 |
| In Buy Zone? |
Yes
|
No
|