This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Phillips 66's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was $325.943. Phillips 66's 10-Year median PS Ratio is 0.3919. Therefore, the Median PS Value for today is $127.74.
As of today (2024-04-19), Phillips 66's share price is $155.1495. Phillips 66's Median PS Value is $127.74. Therefore, Phillips 66's Price to Median PS Value for today is 1.21.
The historical rank and industry rank for Phillips 66's Median PS Value or its related term are showing as below:
PSX'
s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.74 Med: 0.76 Max: 1.22
Current: 1.21
During the past 13 years, the highest Price to Median PS Value of Phillips 66 was 1.22. The lowest was 0.74. And the median was 0.76.
PSX's Price-to-Median-PS-Value is ranked worse than 71.53% of 569
companies
in the Oil & Gas industry
Industry Median: 0.86
vs PSX: 1.21
Phillips 66 Median PS Value Historical Data
The historical data trend for Phillips 66's Median PS Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Phillips 66 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Median PS Value
-
-
97.63
137.28
127.74
Phillips 66 Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Median PS Value
137.28
134.70
125.80
124.11
127.74
Competitive Comparison
For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Price-to-Median-PS-Value, along with its competitors' market caps and Price-to-Median-PS-Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Phillips 66 Price-to-Median-PS-Value Distribution
For the Oil & Gas industry and Energy sector, Phillips 66's Price-to-Median-PS-Value distribution charts can be found below:
* The bar in red indicates where Phillips 66's Price-to-Median-PS-Value falls into.
Phillips 66 Median PS Value Calculation
Phillips 66's Median PS Value for today is calculated as
10-Year Median PS Ratio is 0.3919.
Phillips 66's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $325.943.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Phillips 66 (NYSE:PSX) Median PS Value Explanation
This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio
is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.
It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.
Phillips 66's Price to Median PS Value for today is calculated as
Price to Median PS Value
=
Share Price
/
Median PS Value
=
155.1495
/
127.74
=
1.21
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Phillips 66 Median PS Value Related Terms
Thank you for viewing the detailed overview of Phillips 66's Median PS Value provided by GuruFocus.com. Please click on the following links to see related term pages.
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.9 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility will cease operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
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