Phillips 66 (XSWX:PSX) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Phillips 66 Forward PE Ratio Related Terms
Phillips 66 Forward PE Ratio Historical Data
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The historical data trend for Phillips 66's Forward PE 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.
Phillips 66 Forward PE Ratio Chart
Phillips 66 Annual Data
Trend
Forward PE Ratio
Phillips 66 Quarterly Data
2026-03
Forward PE Ratio
14.53
XSWX:PSX vs MPC, VLO, SUN: Forward PE Ratio Comparison
For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Forward PE Ratio, along with its competitors' market caps and Forward PE 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 Forward PE Ratio vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Phillips 66's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Phillips 66 (XSWX:PSX) has a Forward PE Ratio of 10.02 as of Jul. 08, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Phillips 66 and its competitors. According to the industry distribution chart, Phillips 66 ranks #251 out of 542 companies in the Oil & Gas industry, placing it in the top 46.3%.
Is Phillips 66's Forward PE Ratio too high?
Phillips 66's current Forward PE Ratio is 10.02. The Oil & Gas industry median Forward PE Ratio is 10.73. Phillips 66's value of 10.02 is 6.6% below this industry median. Based on the distribution chart, Phillips 66 ranks #251 out of 542 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Phillips 66 has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does Phillips 66's Forward PE Ratio compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Phillips 66 ranks #251 out of 542 companies for Forward PE Ratio. This puts Phillips 66 in the upper half of its industry. The industry median Forward PE Ratio is 10.73. Phillips 66's value of 10.02 is 6.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Oil & Gas company?
The median Forward PE Ratio among Oil & Gas companies is 10.73, based on 542 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips 66's current Forward PE Ratio of 10.02 is 6.6% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Phillips 66 and its competitors. For the Oil & Gas industry, the median Forward PE Ratio is 10.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips 66's current Forward PE Ratio is 10.02. 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 Forward PE Ratio of 10.02. The stock's GF Value™ is CHF109.61, compared to a current price of CHF143.46 — trading 30.9% above its estimated fair value. The current Forward PE Ratio is 10.02 and 6.6% below the Oil & Gas industry median of 10.73. Phillips 66's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Phillips 66 (XSWX:PSX), the current Forward PE Ratio is 10.02 as of Jul. 08, 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 CHF143.46 is trading 30.9% above its estimated GF Value™ of CHF109.61.
Key valuation signals for XSWX:PSX:
Forward PE Ratio: 10.02
GF Value™: CHF109.61 vs. price of CHF143.46 (30.9% above fair value)
Industry Position: 6.6% below the Oil & Gas median (#251 of 542)
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.
68GF Score
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