Phillips 66
PSX
#312
Rank
$60.48 B
Marketcap
$142.68
Share price
0.34%
Change (1 day)
47.76%
Change (1 year)

P/E ratio for Phillips 66 (PSX)

P/E ratio as of May 2024 (TTM): 8.54

According to Phillips 66's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.53994. At the end of 2022 the company had a P/E ratio of 4.52.

P/E ratio history for Phillips 66 from 2012 to 2023

PE ratio at the end of each year

Year P/E ratio Change
20224.52-81.47%
202124.4-415.34%
2020-7.74-147.22%
201916.4127.83%
20187.19-29.12%
201710.1-65.48%
201629.4179.54%
201510.523.03%
20148.55-32.86%
201312.756.37%
20128.14

P/E ratio for similar companies or competitors

Company P/E ratio P/E ratio differencediff. Country
6.56-23.17%๐Ÿ‡บ๐Ÿ‡ธ USA
11.3 31.99%๐Ÿ‡บ๐Ÿ‡ธ USA
11.6 35.93%๐Ÿ‡บ๐Ÿ‡ธ USA
10.7 25.33%๐Ÿ‡บ๐Ÿ‡ธ USA
5.54-35.14%๐Ÿ‡บ๐Ÿ‡ธ USA
-28.1-429.36%๐Ÿ‡บ๐Ÿ‡ธ 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.