CVX vs VST: Which Is the Better Buy?
Side-by-side comparison of Chevron Corporation and Vistra Corp. — fair value, conviction, valuation metrics, and QuantHub research signals.
Updated 2026-09-24.
Chevron Corporation · Energy
$205.52
+35.9% upside to fair value
Med Conviction
Grade B
High Quality
VS
Vistra Corp. · Utilities
$140.67
-23.0% 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 |
VST |
| Current Price |
$205.52 |
$140.67 |
| Fair Value Estimate |
$279.29 |
$108.27 |
| Upside to Fair Value |
+35.9%
|
-23.0%
|
| Market Cap |
$409.3B |
$47.4B |
| Forward P/E |
—
|
—
|
| EV / EBITDA |
7.8x
|
10.3x
|
| Price / Sales |
2.0x
|
3.0x
|
| Price / FCF |
15.0x
|
34.7x
|
| Revenue Growth YoY |
+51.4%
|
-5.5%
|
| Gross Margin |
31.0%
|
13.0%
|
| Operating Margin |
15.8%
|
2.3%
|
| Return on Equity |
11.0%
|
41.5%
|
| Dividend Yield |
3.43% |
0.65% |
| FCF Yield |
6.67%
|
2.88%
|
| Analyst Consensus |
Buy
|
Strong 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…
Vistra Corp. is a vertically integrated independent power producer and retail electricity supplier operating roughly 38,700 megawatts of generation across natural gas, nuclear, coal, solar, and battery storage, serving about 4.3 million retail customers in 20 states and the District of Columbia. The business quality is mixed: the diversified PJM and ERCOT fleet plus retail load is a genuine struc…
Accumulation Zones
| Metric |
CVX |
VST |
| Zone Low |
$209.47 |
$81.20 |
| Zone High |
$237.40 |
$92.03 |
| In Buy Zone? |
Yes
|
No
|