PSX EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
PSX's ev/ebitda is lower than 65% of the last 10 years.
EV/EBITDA History
PSX EV/EBITDA by year
Yearly range of PSX’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 2.8 to 47.8, averaging 10.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 5.9 | 8.7 | 10.5 | 6.3 |
| 2025 | 7.6 | 11.5 | 12.6 | 7.6 |
| 2024 | 5.8 | 7.9 | 11.0 | 11.0 |
| 2023 | 2.8 | 3.9 | 5.8 | 5.8 |
| 2022 | 3.3 | 7.8 | 13.4 | 4.0 |
| 2021 | 11.0 | 30.6 | 33.4 | 11.0 |
| 2020 | 4.9 | 21.6 | 47.8 | 38.5 |
| 2019 | 5.2 | 6.3 | 10.1 | 10.1 |
| 2018 | 5.2 | 10.3 | 13.3 | 5.2 |
| 2017 | 11.8 | 12.7 | 14.3 | 13.0 |
| 2016 | 10.8 | 11.5 | 11.9 | 11.7 |
Get notified when PSX EV/EBITDA crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is PSX EV/EBITDA High or Low Right Now?
Phillips 66's EV/EBITDA is currently 6.3, which is below average relative to its 10-year historical range. The 10-year median EV/EBITDA for PSX is approximately 9.4. See all PSX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.