Phillips 66 (PSX) valuation
Phillips 66 P/E ratio history
Phillips 66 trades at 9.0 times its earnings over the last twelve months and 8.9 times the earnings analysts expect over the next twelve. At its last 9 fiscal year ends its P/E ranged from 4.5 (year to Dec 2022) to 29.6 (year to Dec 2016), with a median of 12.0.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Dec 31, 2025 | $129.04 | $10.79 | 12.0 | 12.4 |
| Dec 31, 2024 | $113.93 | $4.99 | 22.8 | 12.9 |
| Dec 31, 2023 | $133.14 | $15.48 | 8.6 | 9.6 |
| Dec 31, 2022 | $104.08 | $23.27 | 4.5 | 6.8 |
| Dec 31, 2021 | $72.46 | $2.97 | 24.4 | 11.7 |
| Dec 31, 2020 | $69.94 | -$9.04 | n/m | — |
| Dec 31, 2019 | $111.41 | $6.78 | 16.4 | — |
| Dec 31, 2018 | $86.15 | $11.91 | 7.2 | — |
| Dec 31, 2017 | $101.15 | $9.93 | 10.2 | — |
| Dec 31, 2016 | $86.41 | $2.92 | 29.6 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Phillips 66 valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| Phillips 66PSX | $113B | 9.0 | 8.9 | 0.7 |
| Valero EnergyVLO | $115B | 9.0 | 7.3 | 0.8 |
| Marathon PetroleumMPC | $130B | 15.4 | 7.0 | 0.8 |
| Delek UsDK | $4.51B | 20.8 | 5.4 | 0.4 |
| Par PacificPARR | $3.82B | 4.5 | 3.7 | 0.4 |
| Peer median | 12.2 | 6.2 | 0.6 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: PSX financials · PSX returns
No forecast, no recommendation. This page describes Phillips 66 from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.