Phillips 66 (MEX:PSX) ROCE %: 3.72% (As of Mar. 2026)


MEX:PSX Phillips 66 MEX:PSX
66 GF Score
Price MXN3,169.00
GF Value MXN2,552.07
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Phillips 66 ROCE %?

Phillips 66 MEX:PSX 66 ROCE % is 3.72% as of Mar. 2026. GuruFocus rates MEX:PSX with a GF Score™ of 66/100 and a GF Value™ of MXN2,552.07 (Modestly Overvalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Phillips 66's annualized ROCE % for the quarter that ended in Mar. 2026 was 3.72%.

Phillips 66  (MEX:PSX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Phillips 66 ROCE % Related Terms

Phillips 66 ROCE % Historical Data

* Premium members only.

The historical data trend for Phillips 66's ROCE % 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 ROCE % Chart

Phillips 66 Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.41 28.95 16.09 6.83 10.25

Phillips 66 Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.10 9.44 3.24 25.15 3.72
MEX:PSX
66GF Score
Phillips 66 MEX:PSX
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Phillips 66 ROCE % Calculation

Phillips 66's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=117145.084/( ( (1513748.416 - 314649.946) + (1326659.977 - 239943.958) )/ 2 )
=117145.084/( (1199098.47+1086716.019)/ 2 )
=117145.084/1142907.2445
=10.25 %

Phillips 66's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=40248.988/( ( (1326659.977 - 239943.958) + (1516261.548 - 436229.046) )/ 2 )
=40248.988/( ( 1086716.019 + 1080032.502 )/ 2 )
=40248.988/1083374.2605
=3.72 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 3.72% mean?
Phillips 66 (MEX:PSX) has a ROCE % of 3.72% as of Mar. 2026.
Is Phillips 66's ROCE % too high?
Phillips 66's current ROCE % is 3.72%. The Oil & Gas industry median ROCE % is 6.79. Phillips 66's value of 3.72% is 45.2% below this industry median. 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 ROCE % compare to MPC and VLO?
Phillips 66's ROCE % of 3.72% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Phillips 66's value of 3.72% is 45.2% 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 ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips 66's current ROCE % of 3.72% is 45.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips 66's current ROCE % is 3.72%. 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 MXN2,552.07, compared to a current price of MXN3,169.00 — trading 24.2% above its estimated fair value. The current ROCE % is 3.72% and 45.2% below the Oil & Gas industry median of 6.79. Phillips 66's overall GF Score™ is 66/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Phillips 66 (MEX:PSX), the current ROCE % is 3.72% 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 24.2% above its estimated GF Value™ of MXN2,552.07. GuruFocus considers Phillips 66 to be Modestly Overvalued.

Key valuation signals for MEX:PSX:

  • ROCE %: 3.72%
  • GF Value™: MXN2,552.07 vs. price of MXN3,169.00 (24.2% above fair value)
  • GF Score™: 66/100 with 5 warning signs
  • Industry Position: 45.2% below the Oil & Gas median

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 Business Description

Industry EnergyOil & Gas
Address 2331 CityWest Boulevard, Houston, TX, USA, 77042
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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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN3,169.00
Price
MXN2,552.07
GF Value