Phillips 66MEX:PSX 66 ROE % is 2.88% as of Mar. 2026, which is 79% below its 10-year median of 14.00. 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. Among 957 Oil & Gas companies, Phillips 66 ranks better than 75.55% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Phillips 66's annualized net income for the quarter that ended in Mar. 2026 was MXN14,931 Mil. Phillips 66's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was MXN519,138 Mil. Therefore, Phillips 66's annualized ROE % for the quarter that ended in Mar. 2026 was 2.88%.
The historical rank and industry rank for Phillips 66's ROE % or its related term are showing as below:
MEX:PSX'
s ROE % Range Over the Past 10 Years
Min: -18.11 Med: 14 Max: 45.31
Current: 14.8
During the past 13 years, Phillips 66's highest ROE % was 45.31%. The lowest was -18.11%. And the median was 14.00%.
MEX:PSX's ROE % is ranked better than 75.55% of 957
companies
in the Oil & Gas industry
Industry Median: 5.71
vs MEX:PSX: 14.80
Phillips 66 (MEX:PSX) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Phillips 66 ROE % Related Terms
Phillips 66 ROE % Historical Data
* Premium members only.
The historical data trend for Phillips 66's ROE % 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.
For the Oil & Gas Refining & Marketing subindustry, Phillips 66's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Phillips 66's ROE % distribution charts can be found below:
* The bar in red indicates where Phillips 66's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Phillips 66 (MEX:PSX) has a ROE % of 2.88% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Phillips 66 and its competitors. This is 79% below median its historical median of 14.00. According to the industry distribution chart, Phillips 66 ranks #234 out of 957 companies in the Oil & Gas industry, placing it in the top 24.5%.
Is Phillips 66's ROE % too high?
Phillips 66's current ROE % of 2.88% is 79% below median its 10-year median of 14.00. The Oil & Gas industry median ROE % is 5.71. Phillips 66's value of 2.88% is 49.6% below this industry median. Based on the distribution chart, Phillips 66 ranks #234 out of 957 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. 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 ROE % compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Phillips 66 ranks #234 out of 957 companies for ROE %. This places Phillips 66 in the top 25% of its industry — outperforming the majority of peers. The industry median ROE % is 5.71. Phillips 66's value of 2.88% is 49.6% below this benchmark. While the company's 10-year median is 14.00 vs. the industry median of 5.71, 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.71, based on 957 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Phillips 66's current ROE % of 2.88% is 49.6% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Phillips 66 and its competitors. For the Oil & Gas industry, the median ROE % is 5.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phillips 66's current ROE % is 2.88%, which is 79% below median its own 10-year median of 14.00. 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 ROE % is 2.88%, which is 79% below median its 10-year median of 14.00 and 49.6% below the Oil & Gas industry median of 5.71. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Phillips 66 (MEX:PSX), the current ROE % is 2.88% 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:
ROE %: 2.88% (79% below median its 10-year median of 14.00)
GF Value™: MXN2,552.07 vs. price of MXN3,169.00 (24.2% above fair value)
Industry Position: 49.6% below the Oil & Gas median (#234 of 957)
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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