P/E ratio for Phillips 66 (PSX)
P/E ratio as of June 2023 (TTM): 3.74
According to Phillips 66's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 3.73959. At the end of 2021 the company had a P/E ratio of 24.4.
P/E ratio history for Phillips 66 from 2012 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2021 | 24.4 | -415.34% |
| 2020 | -7.74 | -147.22% |
| 2019 | 16.4 | 127.83% |
| 2018 | 7.19 | -29.12% |
| 2017 | 10.1 | -65.48% |
| 2016 | 29.4 | 179.54% |
| 2015 | 10.5 | 23.03% |
| 2014 | 8.55 | -32.63% |
| 2013 | 12.7 | 55.84% |
| 2012 | 8.14 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Marathon Petroleum MPC | 3.26 | -12.87% | 🇺🇸 USA |
 Exxon Mobil XOM | 7.16 | 91.44% | 🇺🇸 USA |
 Chevron CVX | 8.40 | 124.52% | 🇺🇸 USA |
 HollyFrontier HFC | 10.7 | 186.21% | 🇺🇸 USA |
 Valero Energy VLO | 3.75 | 0.15% | 🇺🇸 USA |
 Calumet Specialty Products Partners CLMT | -31.1 | -932.64% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.