CVX vs TSM: Which Is the Better Buy?
Side-by-side comparison of Chevron Corporation and Taiwan Semiconductor Manufacturing Company Limited — 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
Taiwan Semiconductor Manufacturing Company Limited · Technology
$365.90
-3.8% upside to fair value
Med Conviction
Grade B+
QuantHub Verdict
TSM has more upside to fair value
(-3.8%).
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 |
TSM |
| Current Price |
$188.52 |
$365.90 |
| Fair Value Estimate |
$145.00 |
$352.00 |
| Upside to Fair Value |
-23.1%
|
-3.8%
|
| Market Cap |
$376.9B |
$1,897.7B |
| Forward P/E |
22.9x
|
26.0x
|
| EV / EBITDA |
7.8x
|
18.1x
|
| Price / Sales |
1.5x
|
13.3x
|
| Price / FCF |
17.0x
|
54.0x
|
| Revenue Growth YoY |
-4.6%
|
+33.0%
|
| Gross Margin |
30.4%
|
59.9%
|
| Operating Margin |
9.0%
|
50.8%
|
| Return on Equity |
6.6%
|
35.1%
|
| Dividend Yield |
4.52% |
1.05% |
| FCF Yield |
5.89%
|
1.85%
|
| Analyst Consensus |
Buy
|
Strong 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…
TSMC remains the single most critical company in the global semiconductor supply chain, manufacturing virtually every leading-edge AI chip for NVIDIA, Apple, AMD, and the hyperscalers. The company delivered exceptional 2025 results with 33% revenue growth and 50% net income growth, driven by HPC surging to 55% of Q4 revenue. At the 3nm node, TSMC maintains production yields of 70-80% versus Samsu…
Accumulation Zones
| Metric |
CVX |
TSM |
| Zone Low |
$108.75 |
$265.00 |
| Zone High |
$123.25 |
$310.00 |
| In Buy Zone? |
No
|
No
|