Phillips 66 forward PE PSX

Share price divided by analysts' consensus earnings for the next twelve months, since 2012.

Today, Oct 23, 2026: 7.3×
10-year median: 13.4×
Against its 10-year history: 29th; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.3× to 220×
Peer median: 6.0×

Phillips 66's forward PE is 7.3× as of Oct 23, 2026.

That is below its ten-year median of 13.4×, lower than on 71% of days in the last ten years.

Over that time it ranged from 4.3× in Jul 2022 to 220× in Nov 2019.

The median for 3 oil refiners of a similar size is 6.0×.

Forward PE over time

median 13.4×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	7.3×	4.4×	8.1×
2025	6.1×	6.1×	27.9×
2024	25.8×	15.8×	36.2×
2023	16.3×	6.3×	16.4×
2022	6.4×	4.3×	6.8×
2021	5.1×	4.9×	28.7×
2020	168×	168×	199×
2019	203×	10.5×	220×
2018	9.8×	9.5×	17.0×
2017	16.1×	14.8×	26.6×
2016	26.9×	19.3×	33.2×
2015	21.0×	9.4×	23.8×
2014	11.2×	10.1×	15.3×
2013	13.2×	7.8×	13.2×
2012	7.8×	4.0×	8.3×

Against its peers

Companies in Oil & Gas Refining & Marketing nearest Phillips 66's size, closest first, today.

Company	Forward PE
PSXPhillips 66	7.3×
VLOValero Energy	6.7×
MPCMarathon Petroleum	6.0×
DINOHF Sinclair	5.6×
Peer median	6.0×

Where Phillips 66 ranks

What the forward PE tells you

Price divided by what analysts expect the company to earn over the next twelve months. It answers "what am I paying for next year" instead of last year.

Estimates are opinions. When forward PE is far below trailing PE, analysts expect a big jump in earnings. If that jump slips, the stock was not as cheap as it looked.

More on Phillips 66

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.