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PSX (Phillips 66) Shiller PE Ratio : 13.46 (As of Oct. 31, 2024)


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What is Phillips 66 Shiller PE Ratio?

As of today (2024-10-31), Phillips 66's current share price is $121.82. Phillips 66's E10 for the quarter that ended in Sep. 2024 was $9.05. Phillips 66's Shiller PE Ratio for today is 13.46.

The historical rank and industry rank for Phillips 66's Shiller PE Ratio or its related term are showing as below:

PSX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 7.09   Med: 12.82   Max: 18.72
Current: 13.46

During the past years, Phillips 66's highest Shiller PE Ratio was 18.72. The lowest was 7.09. And the median was 12.82.

PSX's Shiller PE Ratio is ranked better than
58.63% of 394 companies
in the Oil & Gas industry
Industry Median: 16.37 vs PSX: 13.46

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Phillips 66's adjusted earnings per share data for the three months ended in Sep. 2024 was $0.820. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $9.05 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Phillips 66 Shiller PE Ratio Historical Data

The historical data trend for Phillips 66's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Phillips 66 Shiller PE Ratio Chart

Phillips 66 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 10.92 11.64 12.86 14.58

Phillips 66 Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.27 14.58 17.92 15.33 14.53

Competitive Comparison of Phillips 66's Shiller PE Ratio

For the Oil & Gas Refining & Marketing subindustry, Phillips 66's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Phillips 66's Shiller PE Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Phillips 66's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Phillips 66's Shiller PE Ratio falls into.



Phillips 66 Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Phillips 66's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=121.82/9.05
=13.46

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Phillips 66's E10 for the quarter that ended in Sep. 2024 is calculated as:

For example, Phillips 66's adjusted earnings per share data for the three months ended in Sep. 2024 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=0.82/133.0289*133.0289
=0.820

Current CPI (Sep. 2024) = 133.0289.

Phillips 66 Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201412 2.050 99.070 2.753
201503 1.790 99.621 2.390
201506 1.840 100.684 2.431
201509 2.900 100.392 3.843
201512 1.200 99.792 1.600
201603 0.720 100.470 0.953
201606 0.930 101.688 1.217
201609 0.960 101.861 1.254
201612 0.310 101.863 0.405
201703 1.020 102.862 1.319
201706 1.060 103.349 1.364
201709 1.600 104.136 2.044
201712 6.250 104.011 7.994
201803 1.070 105.290 1.352
201806 2.840 106.317 3.554
201809 3.180 106.507 3.972
201812 4.820 105.998 6.049
201903 0.440 107.251 0.546
201906 3.120 108.070 3.841
201909 1.580 108.329 1.940
201912 1.640 108.420 2.012
202003 -5.660 108.902 -6.914
202006 -0.330 108.767 -0.404
202009 -1.820 109.815 -2.205
202012 -1.230 109.897 -1.489
202103 -1.490 111.754 -1.774
202106 0.660 114.631 0.766
202109 0.910 115.734 1.046
202112 2.880 117.630 3.257
202203 1.290 121.301 1.415
202206 6.530 125.017 6.948
202209 11.160 125.227 11.855
202212 3.970 125.222 4.218
202303 4.200 127.348 4.387
202306 3.720 128.729 3.844
202309 4.690 129.860 4.804
202312 2.860 129.419 2.940
202403 1.730 131.776 1.746
202406 2.380 132.554 2.389
202409 0.820 133.029 0.820

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Phillips 66  (NYSE:PSX) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Phillips 66 Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Phillips 66's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Phillips 66 Business Description

Traded in Other Exchanges
Address
2331 CityWest Boulevard, Houston, TX, USA, 77042
Phillips 66 is an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel. The midstream segment comprises extensive transportation and NGL processing assets and includes DCP Midstream, which holds 600 mbd of NGL fractionation and 22,000 miles of pipeline. Its CPChem chemical joint venture operates facilities in the United States and the Middle East and primarily produces olefins and polyolefins.
Executives
Kevin J Mitchell officer: Exec. VP, Finance and CFO 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Timothy D. Roberts officer: Executive Vice President C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042
Joseph Scott Pruitt officer: Vice President and Controller 2331 CITYWEST BLVD., HOUSTON TX 77042
Richard G Harbison officer: Senior VP, Refining 2331 CITYWEST BLVD., HOUSTON TX 77042
Zhanna Golodryga officer: Executive Vice President PO BOX 10247, BIRMINGHAM AL 35202-0247
Vanessa Allen Sutherland officer: EVP, GC and Secretary 650 W PEACHTREE ST NW, ATLANTA GA 30308
Greg C. Garland officer: Chairman, Pres. and CEO-Desig 2331 CITYWEST BLVD., HOUSTON TX 77042
Brian Mandell officer: Senior Vice President 370 17TH STREET, SUITE 2500, DENVER CO 80202
Gregory Hayes director 870 WINTER STREET, WALTHAM MA 02451
Paula Ann Johnson officer: SVP, Gen Counsel & Sec (Desig) 600 N. DAIRY ASHFORD, HOUSTON TX 77079
Robert A Herman officer: Executive Vice President 3010 BRIARPARK DRIVE, 9TH FLOOR, HOUSTON TX 77042
Douglas T Terreson director 2331 CITYWEST BLVD., HOUSTON TX 77042
Denise R Singleton director 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Mark E Lashier officer: President and COO 2331 CITYWEST BLVD., HOUSTON TX 77042
Charles M Holley director