Phillips 66 price to free cash flow PSX

Market value divided by free cash flow over the last twelve months, since 2013.

Today, Oct 23, 2026: 17.7×
10-year median: 15.5×
Against its 10-year history: 63rd; percentile: 0 is its lowest day, 100 its highest
10-year range: 4.8× to 348×
Peer median: 9.7×

Phillips 66's price to free cash flow is 17.7× as of Oct 23, 2026.

That is above its ten-year median of 15.5×, close to the middle of its last ten years.

Over that time it ranged from 4.8× in Jun 2023 to 348× in Mar 2017.

The median for 3 oil refiners of a similar size is 9.7×.

Price to free cash flow over time

median 15.5×

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	17.7×	12.7×	47.6×
2025	38.1×	14.3×	42.4×
2024	14.5×	8.0×	21.3×
2023	8.3×	4.8×	8.9×
2022	8.5×	7.3×	13.2×
2021	10.3×	9.8×	26.4×
2020	66.8×	10.9×	84.2×
2019	13.4×	8.7×	18.0×
2018	12.3×	11.9×	196×
2017	186×	89.9×	348×
2016	59.3×	59.3×	63.2×
2015	64.5×	63.6×	142×
2014	135×	10.0×	148×
2013	10.3×	7.1×	16.9×

Against its peers

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

Company	Price to free cash flow
PSXPhillips 66	17.7×
VLOValero Energy	n/m
MPCMarathon Petroleum	10.0×
DINOHF Sinclair	9.4×
Peer median	9.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

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.