Phillips 66MEX:PSX 66 Interest Coverage is 0.38 as of Mar. 2026, which is 90% below its 10-year median of 3.85. GuruFocus rates MEX:PSX with a GF Score™ of 66/100 and a GF Value™ of MXN2,507.01 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 728 Oil & Gas companies, Phillips 66 ranks worse than 64.56% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Phillips 66's
Operating Income
for the
three
months ended in Mar. 2026 was MXN2,056 Mil. Phillips 66's Interest Expense for the
three
months ended in Mar. 2026 was MXN-5,374 Mil.
Phillips 66's interest coverage for the quarter that ended in Mar. 2026 was 0.38.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Phillips 66's Interest Coverage or its related term are showing as below:
MEX:PSX'
s Interest Coverage Range Over the Past 10 Years
Min: 0.77 Med: 3.85 Max: 14.98
Current: 3.38
MEX:PSX's Interest Coverage is ranked worse than 64.56% of 728
companies
in the Oil & Gas industry
Industry Median: 5.84
vs MEX:PSX: 3.38
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Phillips 66 Interest Coverage Related Terms
Phillips 66 Interest Coverage Historical Data
* Premium members only.
The historical data trend for Phillips 66's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:PSX vs MPC, VLO, DINO: Interest Coverage Comparison
For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Phillips 66's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 Interest Coverage of 0.38 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Phillips 66 and its competitors. This is 90% below median its historical median of 3.85. Over the past decade, Phillips 66's Interest Coverage has ranged from 0.77 to 14.98. According to the industry distribution chart, Phillips 66 ranks #470 out of 728 companies in the Oil & Gas industry, placing it in the top 64.6%.
Is Phillips 66's Interest Coverage too high?
Phillips 66's current Interest Coverage of 0.38 is 90% below median its 10-year median of 3.85. Over the past 10 years, this metric has ranged from a low of 0.77 to a high of 14.98. The Oil & Gas industry median Interest Coverage is 5.84. Phillips 66's value of 0.38 is 93.5% below this industry median. Based on the distribution chart, Phillips 66 ranks #470 out of 728 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Phillips 66 has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Phillips 66's Interest Coverage compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Phillips 66 ranks #470 out of 728 companies for Interest Coverage. This places Phillips 66 in the lower half of its industry. The industry median Interest Coverage is 5.84. Phillips 66's value of 0.38 is 93.5% below this benchmark. Historically, Phillips 66's own Interest Coverage has ranged from 0.77 to 14.98 over the past decade. While the company's 10-year median is 3.85 vs. the industry median of 5.84, 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 Interest Coverage for an Oil & Gas company?
The median Interest Coverage among Oil & Gas companies is 5.84, based on 728 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips 66's current Interest Coverage of 0.38 is 93.5% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Phillips 66 and its competitors. For the Oil & Gas industry, the median Interest Coverage is 5.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips 66's current Interest Coverage is 0.38, which is 90% below median its own 10-year median of 3.85. 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 MXN2,507.01, compared to a current price of MXN3,169.00 — trading 26.4% above its estimated fair value. The current Interest Coverage is 0.38, which is 90% below median its 10-year median of 3.85 and 93.5% below the Oil & Gas industry median of 5.84. Phillips 66's overall GF Score™ is 66/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Phillips 66 (MEX:PSX), the current Interest Coverage is 0.38 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 26.4% above its estimated GF Value™ of MXN2,507.01.
GuruFocus considers Phillips 66 to be Modestly Overvalued.
Key valuation signals for MEX:PSX:
Interest Coverage: 0.38 (90% below median its 10-year median of 3.85)
GF Value™: MXN2,507.01 vs. price of MXN3,169.00 (26.4% above fair value)
Industry Position: 93.5% below the Oil & Gas median (#470 of 728)
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.
66GF Score
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