PSX P/E ratio: current value, 10-year range and year-by-year history
Cash & Leverage
PSX's p/e ratio is higher than 65% of the last 10 years.
P/E ratio History
PSX P/E ratio by year
Yearly range of PSX’s p/e ratio from 2016 to 2026. Over the full period it ranged from -72.8 to 132.0, averaging 11.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.6 | 14.8 | 18.2 | 14.8 |
| 2025 | 11.9 | 29.6 | 39.3 | 11.9 |
| 2024 | 8.3 | 12.3 | 23.1 | 23.1 |
| 2023 | 3.5 | 5.1 | 8.2 | 8.0 |
| 2022 | 3.7 | 14.0 | 31.5 | 4.8 |
| 2021 | -72.8 | -27.7 | 24.5 | 24.5 |
| 2020 | -26.1 | 20.7 | 132.0 | -7.7 |
| 2019 | 7.2 | 9.0 | 16.4 | 16.4 |
| 2018 | 5.9 | 9.6 | 12.2 | 7.2 |
| 2017 | 22.6 | 25.2 | 29.9 | 25.4 |
| 2016 | 13.4 | 20.4 | 23.1 | 22.7 |
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How much the market pays for each dollar of annual profit. P/E = Stock Price / EPS. The raw number means little — what matters is whether it's high or low relative to the company's own history.
Price / Earnings Per ShareThe chart shows five color-coded historical zones: green (below 10th percentile) means historically very cheap, fading through lime and gray (the normal 25th–75th range) to orange and red (historically expensive). When the line sits in a green or lime zone, the stock is trading at an unusually low P/E relative to its own history.
- Cyclical businesses look cheapest on P/E at peak earnings — the "earnings trap." Use EV/EBITDA or normalised earnings for energy, materials, and financials.
- A falling P/E trend may signal a business in structural decline, not a buying opportunity.
Is PSX P/E ratio High or Low Right Now?
Phillips 66's P/E ratio is currently 14.8, which is above average relative to its 10-year historical range. The 10-year median P/E ratio for PSX is approximately 10.6. See all PSX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.