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Phillips 66XSWX:PSX +2.39%64 EV-to-EBITDA is 11.75 as of Jul. 21, 2026, which is 33% above its 10-year median of 8.82. GuruFocus rates XSWX:PSX with a GF Score™ of 64/100 and a GF Value™ of CHF108.08. The stock has 8 warning signs investors should review. Among 761 Oil & Gas companies, Phillips 66 ranks worse than 70.7% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Phillips 66's enterprise value is CHF86,460 Mil.
Phillips 66's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF7,357 Mil. Therefore, Phillips 66's EV-to-EBITDA for today is 11.75.
The historical rank and industry rank for Phillips 66's EV-to-EBITDA or its related term are showing as below:
XSWX:PSX'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -149.78 Med: 8.82 Max: 48.98
Current: 11.61
During the past 13 years, the highest EV-to-EBITDA of Phillips 66 was 48.98. The lowest was -149.78. And the median was 8.82.
XSWX:PSX's EV-to-EBITDA is ranked worse than 70.7% of 761
companies
in the Oil & Gas industry
Industry Median: 7.58
vs XSWX:PSX: 11.61
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Phillips 66 (XSWX:PSX) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Phillips 66's PE Ratio (TTM) for today is calculated as:
Phillips 66's share price for today is CHF167.92.
Phillips 66's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF8.119.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Phillips 66's EV-to-EBITDA 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.
XSWX:PSX vs MPC, VLO, SUN: EV-to-EBITDA Comparison
For the Oil & Gas Refining & Marketing subindustry, Phillips 66's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Phillips 66's EV-to-EBITDA falls into.
Phillips 66's current Enterprise Value is CHF86,460 Mil.
Phillips 66's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF7,357 Mil.
* 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 (XSWX:PSX) has a EV-to-EBITDA of 11.75 as of Jul. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Phillips 66. This is 33% above median its historical median of 8.82. According to the industry distribution chart, Phillips 66 ranks #538 out of 761 companies in the Oil & Gas industry, placing it in the top 70.7%.
Is Phillips 66's EV-to-EBITDA too high?
Phillips 66's current EV-to-EBITDA of 11.75 is 33% above median its 10-year median of 8.82. The Oil & Gas industry median EV-to-EBITDA is 7.58. Phillips 66's value of 11.75 is 55% above this industry median. Based on the distribution chart, Phillips 66 ranks #538 out of 761 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Phillips 66 has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.
How does Phillips 66's EV-to-EBITDA compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Phillips 66 ranks #538 out of 761 companies for EV-to-EBITDA. This places Phillips 66 in the lower half of its industry. The industry median EV-to-EBITDA is 7.58. Phillips 66's value of 11.75 is 55% above this benchmark. While the company's 10-year median is 8.82 vs. the industry median of 7.58, Phillips 66 has consistently been above 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 EV-to-EBITDA for an Oil & Gas company?
The median EV-to-EBITDA among Oil & Gas companies is 7.58, based on 761 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips 66's current EV-to-EBITDA of 11.75 is 55% above 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Phillips 66. For the Oil & Gas industry, the median EV-to-EBITDA is 7.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips 66's current EV-to-EBITDA is 11.75, which is 33% above median its own 10-year median of 8.82. 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?
Phillips 66 (XSWX:PSX) has a current EV-to-EBITDA of 11.75. The stock's GF Value™ is CHF108.08, compared to a current price of CHF167.92 — trading 55.4% above its estimated fair value. The current EV-to-EBITDA is 11.75, which is 33% above median its 10-year median of 8.82 and 55% above the Oil & Gas industry median of 7.58. Phillips 66's overall GF Score™ is 64/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Phillips 66 (XSWX:PSX), the current EV-to-EBITDA is 11.75 as of Jul. 21, 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 (XSWX:PSX) Overvalued in 2026?
Based on GuruFocus' analysis, Phillips 66 stock appears to be overvalued.
The current stock price of CHF167.92 is trading 55.4% above its estimated GF Value™ of CHF108.08.
Key valuation signals for XSWX:PSX:
EV-to-EBITDA: 11.75 (33% above median its 10-year median of 8.82)
GF Value™: CHF108.08 vs. price of CHF167.92 (55.4% above fair value)
Industry Position: 55% above the Oil & Gas median (#538 of 761)
No single metric tells the full story. See the XSWX: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.
64GF Score
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