PSX Valuation

Phillips 66

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129.890

+0.37(0.286%)1D

Overview
Forecast
Valuation
Earnings

PSX Relative Valuation

PSX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, PSX is overvalued; if below, it's undervalued.

Historical Valuation

Phillips 66 (PSX) is now in the Fair zone, suggesting that its current forward PE ratio of 15.76 is considered Fairly compared with the five-year average of 15.27. The fair price of Phillips 66 (PSX) is between 33.38 to 223.25 according to relative valuation methord.

Relative Value

Fair Zone

33.38-223.25

Current Price：129.52

Fair

15.76

Trailing

Forward

8.46

EV/EBITDA

Phillips 66. (PSX) has a current EV/EBITDA of 8.46. The 5-year average EV/EBITDA is 7.73. The thresholds are as follows: Strongly Undervalued below 3.01, Undervalued between 3.01 and 5.37, Fairly Valued between 10.10 and 5.37, Overvalued between 10.10 and 12.46, and Strongly Overvalued above 12.46. The current Forward EV/EBITDA of 8.46 falls within the Historic Trend Line -Fairly Valued range.

14.24

EV/EBIT

Phillips 66. (PSX) has a current EV/EBIT of 14.24. The 5-year average EV/EBIT is 10.20. The thresholds are as follows: Strongly Undervalued below -9.12, Undervalued between -9.12 and 0.54, Fairly Valued between 19.85 and 0.54, Overvalued between 19.85 and 29.51, and Strongly Overvalued above 29.51. The current Forward EV/EBIT of 14.24 falls within the Historic Trend Line -Fairly Valued range.

0.37

Phillips 66. (PSX) has a current PS of 0.37. The 5-year average PS is 0.33. The thresholds are as follows: Strongly Undervalued below 0.20, Undervalued between 0.20 and 0.26, Fairly Valued between 0.40 and 0.26, Overvalued between 0.40 and 0.47, and Strongly Overvalued above 0.47. The current Forward PS of 0.37 falls within the Historic Trend Line -Fairly Valued range.

7.34

P/OCF

Phillips 66. (PSX) has a current P/OCF of 7.34. The 5-year average P/OCF is 7.26. The thresholds are as follows: Strongly Undervalued below 2.31, Undervalued between 2.31 and 4.79, Fairly Valued between 9.74 and 4.79, Overvalued between 9.74 and 12.22, and Strongly Overvalued above 12.22. The current Forward P/OCF of 7.34 falls within the Historic Trend Line -Fairly Valued range.

10.67

P/FCF

Phillips 66. (PSX) has a current P/FCF of 10.67. The 5-year average P/FCF is 12.79. The thresholds are as follows: Strongly Undervalued below -12.64, Undervalued between -12.64 and 0.08, Fairly Valued between 25.51 and 0.08, Overvalued between 25.51 and 38.23, and Strongly Overvalued above 38.23. The current Forward P/FCF of 10.67 falls within the Historic Trend Line -Fairly Valued range.

Phillips 66 (PSX) has a current Price-to-Book (P/B) ratio of 1.74. Compared to its 3-year average P/B ratio of 1.77 , the current P/B ratio is approximately -2.03% higher. Relative to its 5-year average P/B ratio of 1.77, the current P/B ratio is about -2.08% higher. Phillips 66 (PSX) has a Forward Free Cash Flow (FCF) yield of approximately 6.36%. Compared to its 3-year average FCF yield of 10.63%, the current FCF yield is approximately -40.20% lower. Relative to its 5-year average FCF yield of 8.25% , the current FCF yield is about -22.92% lower.

1.74

P/B

Median3y

1.77

Median5y

1.77

6.36

FCF Yield

Median3y

10.63

Median5y

8.25

Competitors Valuation Multiple

The average P/S ratio for PSX's competitors is 0.45, providing a benchmark for relative valuation. Phillips 66 Corp (PSX) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of -15.03%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Marathon Petroleum Corp

Performance Decomposition

Market capitalization of PSX decreased by 7.43% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 20.77 to 26.25.

The secondary factor is the Revenue Growth, contributed -15.03%to the performance.

Overall, the performance of PSX in the past 1 year is driven by P/E Change. Which is more unsustainable.

-15.03%

35.81B → 30.43B

Revenue Growth

-18.78%

2.13 → 1.73

Margin Expansion

26.38%

20.77 → 26.25

P/E Change

-7.43%