Chevron Enterprise Value vs Average Assets Analysis

CVX -- USA Stock  

USD 115.35  1.60  1.37%

Chevron financial indicator trend analysis is way more than just evaluating Chevron prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chevron is a good investment. Please check the relationship between Chevron Enterprise Value and its Average Assets accounts. Check also Trending Equities.

Enterprise Value vs Average Assets

Accounts Relationship

Enterprise Value vs Average Assets

Significance: Almost Identical Trend

Enterprise Value diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Chevron Enterprise Value account and Average Assets

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

Enterprise Value

Enterprise Value (or EV) is usually referred to as Chevron theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Chevron debt, but would also pocket its cash. Enterprise Value is more accurate representation of Chevron value then its market capitalization because it takes into account all of Chevron Corporation existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.

Average Assets

Average asset value for the period used in calculation of Return on Average Equity and Return on Average Assets; derived from Total Assets.

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