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 2026-04-16.
Chevron Corporation · Energy
$188.52
-23.1% upside to fair value
Grade D
VS
QUALCOMM Incorporated · Technology
$134.47
+77.7% upside to fair value
Med Conviction
Grade B
QuantHub Verdict
QCOM has more upside to fair value
(+77.7%).
CVX trades at a lower forward P/E
(22.9x).
These are model outputs — not personalized investment advice.
See all research →
Valuation & Fundamentals
| Metric |
CVX |
QCOM |
| Current Price |
$188.52 |
$134.47 |
| Fair Value Estimate |
$145.00 |
$239.00 |
| Upside to Fair Value |
-23.1%
|
+77.7%
|
| Market Cap |
$376.9B |
$143.6B |
| Forward P/E |
22.9x
|
26.8x
|
| EV / EBITDA |
7.8x
|
—
|
| Price / Sales |
1.5x
|
3.2x
|
| Price / FCF |
17.0x
|
11.1x
|
| Revenue Growth YoY |
-4.6%
|
+8.7%
|
| Gross Margin |
30.4%
|
55.1%
|
| Operating Margin |
9.0%
|
27.1%
|
| Return on Equity |
6.6%
|
21.6%
|
| Dividend Yield |
4.52% |
— |
| FCF Yield |
5.89%
|
9.0%
|
| Analyst Consensus |
Buy
|
Hold
|
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…
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 |
$108.75 |
$179.00 |
| Zone High |
$123.25 |
$203.00 |
| In Buy Zone? |
No
|
Yes
|