The current price-to-earnings ratio for Phillips 66 stock as of Sep 28, 2023 is 5.34. This is calculated based on the current EPS of $23.12 and the stock price of $123.38 per share. The PE ratio has increased by 32% from the past four quarters average of 4.0.
The average historical PE ratio of Phillips 66 for the last ten years is 14.19. The current P/E ratio of 5.34 is 62% lower than the historical average. In the past ten years, PSX's PE ratio peaked in the Mar 2020 quarter at 76.64, when the stock price was $53.65 and the EPS was $0.7. The lowest point was in the Sep 2022 quarter, when it reached 3.68 with a price of $80.72 and an EPS of $21.92.
Maximum annual increase: 179.64% in 2016
Maximum annual decrease: -81.72% in 2022
| Year | PE ratio | Change |
|---|---|---|
| 2022 | 4.46 | -81.72% |
| 2021 | 24.4 | N/A |
| 2020 | N/A | N/A |
| 2019 | 16.38 | 125.62% |
| 2018 | 7.26 | -28.96% |
| 2017 | 10.22 | -65.23% |
| 2016 | 29.39 | 179.64% |
| 2015 | 10.51 | 23.07% |
| 2014 | 8.54 | -32.81% |
| 2013 | 12.71 | 56.72% |
The current PE ratio of PSX is lower than the 3, 5 and 10-year averages.
PSX's PE ratio stands lower than its peer stocks XOM and CVX, but it is higher than VLO's. Phillips 66's current PE ratio of 5.34 is lower than the average of its peers, which is 7.74.
| Stock name | PE ratio | Market cap |
|---|---|---|
| VLO Valero Energy Corp | 4.88 | $50B |
| PSX Phillips 66 | 5.19 | $53.4B |
| MPC Marathon Petroleum Corp | 5.44 | $60.3B |
| XOM Exxon Mobil Corp | 9.35 | $467.85B |
| CVX Chevron Corp | 10.62 | $314.18B |
| CLMT Calumet Specialty Products Partners LP | N/A | $1.53B |
PSX's price to earnings ratio is 5.34 as of Sep 28, 2023.
The 3-year average price to earnings ratio for PSX stock is 8.95.
The 5-year average price to earnings ratio for PSX stock is 14.15.
In the last ten years, the Mar 2020 quarter recorded the highest quarterly PE ratio at 76.64.
The current price to earnings ratio of PSX is 62% lower than the 10-year historical average.
PSX's stock price is trading at a lower multiple of earnings, which is why its PE ratio of 5.34 is considered low.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months EPS. As of today (Sep 28, 2023), Phillips 66's stock price is $123.38. The earnings per share for the trailing twelve months (TTM) ending Jun 2023 is $23.12. Therefore, Phillips 66's PE ratio for today is 5.34. PE RATIO(5.34) = STOCK PRICE($123.38) / TTM EPS($23.12)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.