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 PS ratio of 0.37 is considered Fairly compared with the five-year average of 16.29. The fair price of Phillips 66 (PSX) is between 99.73 to 134.44 according to relative valuation methord.
Relative Value
Fair Zone
99.73-134.44
Current Price：119.60
Fair
15.76
PE
1Y
3Y
5Y
Trailing
Forward
8.46
EV/EBITDA
Phillips 66. (PSX) has a current EV/EBITDA of 8.46. The 5-year average EV/EBITDA is 7.81. The thresholds are as follows: Strongly Undervalued below 2.96, Undervalued between 2.96 and 5.38, Fairly Valued between 10.23 and 5.38, Overvalued between 10.23 and 12.66, and Strongly Overvalued above 12.66. 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 9.32. The thresholds are as follows: Strongly Undervalued below -14.62, Undervalued between -14.62 and -2.65, Fairly Valued between 21.29 and -2.65, Overvalued between 21.29 and 33.26, and Strongly Overvalued above 33.26. The current Forward EV/EBIT of 14.24 falls within the Historic Trend Line -Fairly Valued range.
0.37
PS
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 7.35. The thresholds are as follows: Strongly Undervalued below 2.21, Undervalued between 2.21 and 4.78, Fairly Valued between 9.92 and 4.78, Overvalued between 9.92 and 12.50, and Strongly Overvalued above 12.50. 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 14.05. The thresholds are as follows: Strongly Undervalued below -18.50, Undervalued between -18.50 and -2.22, Fairly Valued between 30.33 and -2.22, Overvalued between 30.33 and 46.60, and Strongly Overvalued above 46.60. 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 -2.00% higher. Relative to its 5-year average P/B ratio of 1.77, the current P/B ratio is about -1.73% 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 10.66%, the current FCF yield is approximately -40.37% lower. Relative to its 5-year average FCF yield of 8.15% , the current FCF yield is about -21.99% lower.
1.74
P/B
Median3y
1.77
Median5y
1.77
6.36
FCF Yield
Median3y
10.66
Median5y
8.15
Competitors Valuation Multiple
The average P/S ratio for PSX's competitors is 0.42, 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
Performance Decomposition
1Y
3Y
5Y
Market capitalization of PSX decreased by 14.76% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 22.05 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.
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FAQ
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