PHILLIPS 66 (PSX) Valuation
Historical valuation analysis based on 500 data points (2024-08-30 to 2026-08-28)
Phillips 66 is an independent refiner that owns or holds interest in 10 refineries with a total crude throughput capacity of 2.0 million barrels per day, or mmb/d, at the end of 2025. The midstream...
PHILLIPS 66 (PSX) currently trades at a P/E ratio of 23.59 (historical range: 10.47–51.05, median: 22.81), placing it at the 53th percentile — near its historical average, P/S ratio of 0.72 (range: 0.28–0.74, 99th percentile — expensive relative to its history), EV/EBITDA of 42.78 (range: 5.15–43.42, 99th percentile).
Over the historical period (2024-08-30 to 2026-08-28), PHILLIPS 66's P/E ratio has expanded by 49% over the observed period (from an average of 20.1 to 29.9).
PHILLIPS 66 appears overvalued relative to its own historical valuation range, trading at elevated multiples across most metrics.
Historical Valuation Metrics
| Metric | Current | Min | Median | Max | Percentile | Assessment |
|---|---|---|---|---|---|---|
| P/E Ratio | 23.59 | 10.47 | 22.81 | 51.05 | 53th | near its historical average |
| P/S Ratio | 0.72 | 0.28 | 0.40 | 0.74 | 99th | expensive relative to its history |
| EV/EBITDA | 42.78 | 5.15 | 11.61 | 43.42 | 99th | expensive relative to its history |