Phillips 66MEX:PSX 67 Current Ratio is 1.13 as of Mar. 2026, which is 10% below its 10-year median of 1.26. GuruFocus rates MEX:PSX with a GF Score™ of 67/100 and a GF Value™ of MXN2,508.61 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,016 Oil & Gas companies, Phillips 66 ranks worse than 60.43% on this metric.
The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Phillips 66's current ratio for the quarter that ended in Mar. 2026 was 1.13.
Phillips 66 has a current ratio of 1.13. It generally indicates good short-term financial strength.
The historical rank and industry rank for Phillips 66's Current Ratio or its related term are showing as below:
MEX:PSX'
s Current Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.26 Max: 1.54
Current: 1.13
During the past 13 years, Phillips 66's highest Current Ratio was 1.54. The lowest was 1.07. And the median was 1.26.
MEX:PSX's Current Ratio is ranked worse than 60.43% of 1016
companies
in the Oil & Gas industry
Industry Median: 1.355
vs MEX:PSX: 1.13
Phillips 66 (MEX:PSX) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Phillips 66 Current Ratio Related Terms
Phillips 66 Current Ratio Historical Data
* Premium members only.
The historical data trend for Phillips 66's Current Ratio 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.
MEX:PSX vs MPC, VLO, DINO: Current Ratio Comparison
For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Current Ratio, along with its competitors' market caps and Current Ratio 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 Current Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66's Current Ratio distribution charts can be found below:
* The bar in red indicates where Phillips 66's Current Ratio falls into.
* 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 (MEX:PSX) has a Current Ratio of 1.13 as of Mar. 2026. This is 10% below median its historical median of 1.26. Over the past decade, Phillips 66's Current Ratio has ranged from 1.07 to 1.54. According to the industry distribution chart, Phillips 66 ranks #614 out of 1016 companies in the Oil & Gas industry, placing it in the top 60.4%.
Is Phillips 66's Current Ratio too high?
Phillips 66's current Current Ratio of 1.13 is 10% below median its 10-year median of 1.26. Over the past 10 years, this metric has ranged from a low of 1.07 to a high of 1.54. The Oil & Gas industry median Current Ratio is 1.36. Phillips 66's value of 1.13 is 16.6% below this industry median. Based on the distribution chart, Phillips 66 ranks #614 out of 1016 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Phillips 66 has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phillips 66's Current Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Phillips 66 ranks #614 out of 1016 companies for Current Ratio. This places Phillips 66 in the lower half of its industry. The industry median Current Ratio is 1.36. Phillips 66's value of 1.13 is 16.6% below this benchmark. Historically, Phillips 66's own Current Ratio has ranged from 1.07 to 1.54 over the past decade. While the company's 10-year median is 1.26 vs. the industry median of 1.36, Phillips 66 has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Ratio for an Oil & Gas company?
The median Current Ratio among Oil & Gas companies is 1.36, based on 1,016 companies in the industry. Companies in the top quartile (top 25%) have a Current Ratio significantly above this median, while those in the bottom quartile fall well below. However, Current Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips 66's current Current Ratio of 1.13 is 16.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Current Ratio mean?
A high Current Ratio can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median Current Ratio is 1.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips 66's current Current Ratio is 1.13, which is 10% below median its own 10-year median of 1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phillips 66 stock overvalued right now?
Based on GuruFocus' analysis, Phillips 66 (MEX:PSX) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,508.61, compared to a current price of MXN3,169.00 — trading 26.3% above its estimated fair value. The current Current Ratio is 1.13, which is 10% below median its 10-year median of 1.26 and 16.6% below the Oil & Gas industry median of 1.36. Phillips 66's overall GF Score™ is 67/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Ratio calculated?
Current Ratio is calculated from a company's financial statements. For Phillips 66 (MEX:PSX), the current Current Ratio is 1.13 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Phillips 66 (MEX:PSX) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips 66 stock appears to be overvalued.
The current stock price of MXN3,169.00 is trading 26.3% above its estimated GF Value™ of MXN2,508.61.
GuruFocus considers Phillips 66 to be Modestly Overvalued.
Key valuation signals for MEX:PSX:
Current Ratio: 1.13 (10% below median its 10-year median of 1.26)
GF Value™: MXN2,508.61 vs. price of MXN3,169.00 (26.3% above fair value)
Industry Position: 16.6% below the Oil & Gas median (#614 of 1016)
No single metric tells the full story. See the MEX:PSX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phillips 66 is an independent refiner that owns or holds interest in 10 refineries with a total crude throughput capacity of 2.0 million barrels per day, or mmb/d, at the end of 2025. The midstream segment comprises extensive transportation and NGL processing assets. It includes 70,000 miles of crude oil, refined petroleum product, NGL and natural gas pipeline systems, and a comprehensive set of refined petroleum product, NGL and crude oil terminals, gathering and processing plants and fractionation facilities and various other storage and loading facilities. Its CPChem chemical joint venture operates facilities primarily in the United States and the Middle East and produces olefins and polyolefins.
67GF Score
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