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 2026-05-01.
Chevron Corporation · Energy
$193.33
-18.2% upside to fair value
Grade D
VS
QUALCOMM Incorporated · Technology
$134.47
+45.0% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
QCOM has more upside to fair value
(+45.0%).
QCOM trades at a lower forward P/E
(26.8x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
QCOM |
| Current Price |
$193.33 |
$134.47 |
| Fair Value Estimate |
$158.09 |
$194.98 |
| Upside to Fair Value |
-18.2%
|
+45.0%
|
| Market Cap |
$385.8B |
$143.6B |
| Forward P/E |
31.3x
|
26.8x
|
| EV / EBITDA |
10.3x
|
—
|
| Price / Sales |
2.1x
|
3.2x
|
| Price / FCF |
23.8x
|
11.1x
|
| Revenue Growth YoY |
-5.3%
|
+8.7%
|
| Gross Margin |
30.4%
|
55.1%
|
| Operating Margin |
9.0%
|
27.1%
|
| Return on Equity |
7.3%
|
21.6%
|
| Dividend Yield |
0% |
— |
| FCF Yield |
4.19%
|
9.0%
|
| Analyst Consensus |
Strong Buy
|
Hold
|
Investment Thesis
Chevron Corporation operates as a leading integrated oil and gas company with significant upstream and downstream operations. The company benefits from experienced leadership under CEO Mike Wirth, who has over 44 years with Chevron, and maintains a strong market position as the second largest Big Oil major by market cap and net profits. However, Chevron currently trades at a very expensive valuat…
Qualcomm Incorporated is a leading semiconductor company specializing in wireless chipsets and IP licensing, with dominant positions in 5G modems via QCT (87% of revenue) and steady QTL royalties. The business excels through a vast patent moat, diversification into automotive and IoT, and robust growth (revenue +13% YoY to $44B in FY2025), but faces risks from Apple modem shifts and China exposur…
Accumulation Zones
| Metric |
CVX |
QCOM |
| Zone Low |
$118.57 |
$146.23 |
| Zone High |
$134.38 |
$165.73 |
| In Buy Zone? |
No
|
Yes
|