Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
Historical Valuation Ratios (Summary)
Phillips 66, historical price multiples (quarterly data)
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Phillips 66 P/E ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Phillips 66 P/OP ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Phillips 66 P/S ratio increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Phillips 66 P/BV ratio increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019. |
Price to Earnings (P/E)
Phillips 66, historical P/E calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 439,445,842 | 444,357,576 | 448,541,697 | 453,551,166 | 454,913,087 | 461,125,321 | 464,262,410 | 465,836,946 | 501,237,339 | 506,740,487 | 511,510,782 | 516,098,240 | 517,816,429 | 520,850,205 | 522,849,327 | 525,581,458 | 527,459,894 | 533,440,280 | 537,659,593 | 541,632,079 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Net income attributable to Phillips 66 (in millions) | 736) | 712) | 1,424) | 204) | 2,240) | 1,492) | 1,339) | 524) | 3,198) | 823) | 550) | 535) | 163) | 511) | 496) | 385) | 650) | 1,578) | 1,012) | 987) | ||||||
| Earnings per share (EPS)2 | 7.00 | 10.31 | 11.95 | 11.63 | 12.30 | 14.21 | 12.67 | 10.94 | 10.19 | 4.09 | 3.44 | 3.30 | 3.00 | 3.92 | 5.95 | 6.90 | 8.01 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 89.25 | 114.42 | 102.32 | 94.27 | 97.36 | 99.45 | 118.79 | 111.34 | 91.83 | 91.99 | 85.63 | 79.35 | 78.66 | 80.13 | 76.06 | 82.11 | 80.09 | 89.05 | 79.50 | 81.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/E ratio4 | 12.75 | 11.10 | 8.56 | 8.11 | 7.92 | 7.00 | 9.37 | 10.18 | 9.01 | 22.51 | 24.90 | 24.02 | 26.19 | 20.44 | 12.79 | 11.90 | 9.99 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||
| Chevron Corp. | 70.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 8.77 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 15.64 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 11.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 12.12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
EPS
= (Net income attributable to Phillips 66Q4 2019
+ Net income attributable to Phillips 66Q3 2019
+ Net income attributable to Phillips 66Q2 2019
+ Net income attributable to Phillips 66Q1 2019)
÷ No. shares of common stock outstanding
= (736,000,000 + 712,000,000 + 1,424,000,000 + 204,000,000)
÷ 439,445,842 = 7.00
3 Closing price as at the filing date of Phillips 66 Quarterly or Annual Report.
4 Q4 2019 Calculation
P/E ratio = Share price ÷ EPS
= 89.25 ÷ 7.00 = 12.75
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/E ratio | The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. | Phillips 66 P/E ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Price to Operating Profit (P/OP)
Phillips 66, historical P/OP calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 439,445,842 | 444,357,576 | 448,541,697 | 453,551,166 | 454,913,087 | 461,125,321 | 464,262,410 | 465,836,946 | 501,237,339 | 506,740,487 | 511,510,782 | 516,098,240 | 517,816,429 | 520,850,205 | 522,849,327 | 525,581,458 | 527,459,894 | 533,440,280 | 537,659,593 | 541,632,079 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Operating income (loss) (in millions) | 694) | 490) | 1,282) | (91) | 2,293) | 1,296) | 1,200) | 373) | 385) | 796) | 461) | 83) | (120) | 467) | 345) | 324) | 769) | 1,806) | 979) | 875) | ||||||
| Operating profit per share2 | 5.40 | 8.94 | 10.66 | 10.36 | 11.35 | 7.06 | 5.93 | 4.33 | 3.44 | 2.41 | 1.74 | 1.50 | 1.96 | 3.66 | 6.20 | 7.38 | 8.40 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 89.25 | 114.42 | 102.32 | 94.27 | 97.36 | 99.45 | 118.79 | 111.34 | 91.83 | 91.99 | 85.63 | 79.35 | 78.66 | 80.13 | 76.06 | 82.11 | 80.09 | 89.05 | 79.50 | 81.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/OP ratio4 | 16.51 | 12.79 | 9.60 | 9.10 | 8.58 | 14.09 | 20.03 | 25.74 | 26.68 | 38.21 | 49.16 | 52.84 | 40.09 | 21.91 | 12.26 | 11.13 | 9.54 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||
| Chevron Corp. | 30.35 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 6.04 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 10.14 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 5.52 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 45.37 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 7.65 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
Operating profit per share
= (Operating income (loss)Q4 2019
+ Operating income (loss)Q3 2019
+ Operating income (loss)Q2 2019
+ Operating income (loss)Q1 2019)
÷ No. shares of common stock outstanding
= (694,000,000 + 490,000,000 + 1,282,000,000 + -91,000,000)
÷ 439,445,842 = 5.40
3 Closing price as at the filing date of Phillips 66 Quarterly or Annual Report.
4 Q4 2019 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 89.25 ÷ 5.40 = 16.51
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/OP ratio | Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. | Phillips 66 P/OP ratio increased from Q2 2019 to Q3 2019 and from Q3 2019 to Q4 2019. |
Price to Sales (P/S)
Phillips 66, historical P/S calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 439,445,842 | 444,357,576 | 448,541,697 | 453,551,166 | 454,913,087 | 461,125,321 | 464,262,410 | 465,836,946 | 501,237,339 | 506,740,487 | 511,510,782 | 516,098,240 | 517,816,429 | 520,850,205 | 522,849,327 | 525,581,458 | 527,459,894 | 533,440,280 | 537,659,593 | 541,632,079 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Sales and other operating revenues (in millions) | 29,125) | 27,218) | 27,847) | 23,103) | 29,098) | 29,788) | 28,980) | 23,595) | 29,746) | 25,627) | 24,087) | 22,894) | 23,397) | 21,624) | 21,849) | 17,409) | 21,893) | 25,792) | 28,512) | 22,778) | ||||||
| Sales per share2 | 244.16 | 241.40 | 244.87 | 244.67 | 245.02 | 243.12 | 232.52 | 221.23 | 204.20 | 189.46 | 179.86 | 173.93 | 162.76 | 158.92 | 166.29 | 178.10 | 187.64 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 89.25 | 114.42 | 102.32 | 94.27 | 97.36 | 99.45 | 118.79 | 111.34 | 91.83 | 91.99 | 85.63 | 79.35 | 78.66 | 80.13 | 76.06 | 82.11 | 80.09 | 89.05 | 79.50 | 81.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/S ratio4 | 0.37 | 0.47 | 0.42 | 0.39 | 0.40 | 0.41 | 0.51 | 0.50 | 0.45 | 0.49 | 0.48 | 0.46 | 0.48 | 0.50 | 0.46 | 0.46 | 0.43 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||
| Chevron Corp. | 1.46 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 1.94 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 0.88 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 0.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 1.44 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 0.27 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
Sales per share
= (Sales and other operating revenuesQ4 2019
+ Sales and other operating revenuesQ3 2019
+ Sales and other operating revenuesQ2 2019
+ Sales and other operating revenuesQ1 2019)
÷ No. shares of common stock outstanding
= (29,125,000,000 + 27,218,000,000 + 27,847,000,000 + 23,103,000,000)
÷ 439,445,842 = 244.16
3 Closing price as at the filing date of Phillips 66 Quarterly or Annual Report.
4 Q4 2019 Calculation
P/S ratio = Share price ÷ Sales per share
= 89.25 ÷ 244.16 = 0.37
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Phillips 66 P/S ratio increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019. |
Price to Book Value (P/BV)
Phillips 66, historical P/BV calculation (quarterly data)
| Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | Dec 31, 2016 | Sep 30, 2016 | Jun 30, 2016 | Mar 31, 2016 | Dec 31, 2015 | Sep 30, 2015 | Jun 30, 2015 | Mar 31, 2015 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 439,445,842 | 444,357,576 | 448,541,697 | 453,551,166 | 454,913,087 | 461,125,321 | 464,262,410 | 465,836,946 | 501,237,339 | 506,740,487 | 511,510,782 | 516,098,240 | 517,816,429 | 520,850,205 | 522,849,327 | 525,581,458 | 527,459,894 | 533,440,280 | 537,659,593 | 541,632,079 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | 24,910) | 24,857) | 24,752) | 24,217) | 24,653) | 23,319) | 22,536) | 21,923) | 25,085) | 22,523) | 22,368) | 22,364) | 22,390) | 22,905) | 22,842) | 22,788) | 23,100) | 23,194) | 22,389) | 21,760) | ||||||
| Book value per share (BVPS)2 | 56.69 | 55.94 | 55.18 | 53.39 | 54.19 | 50.57 | 48.54 | 47.06 | 50.05 | 44.45 | 43.73 | 43.33 | 43.24 | 43.98 | 43.69 | 43.36 | 43.79 | 43.48 | 41.64 | 40.17 | ||||||
| Share price1, 3 | 89.25 | 114.42 | 102.32 | 94.27 | 97.36 | 99.45 | 118.79 | 111.34 | 91.83 | 91.99 | 85.63 | 79.35 | 78.66 | 80.13 | 76.06 | 82.11 | 80.09 | 89.05 | 79.50 | 81.61 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/BV ratio4 | 1.57 | 2.05 | 1.85 | 1.77 | 1.80 | 1.97 | 2.45 | 2.37 | 1.83 | 2.07 | 1.96 | 1.83 | 1.82 | 1.82 | 1.74 | 1.89 | 1.83 | 2.05 | 1.91 | 2.03 | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||
| Chevron Corp. | 1.42 | 1.48 | 1.45 | 1.43 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| ConocoPhillips | 1.80 | 1.72 | 1.98 | 2.11 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Exxon Mobil Corp. | 1.17 | 1.59 | 1.56 | 1.71 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Marathon Petroleum Corp. | 0.91 | 1.31 | 0.98 | 1.03 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Occidental Petroleum Corp. | 0.86 | 1.10 | 1.80 | 2.07 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Valero Energy Corp. | 1.35 | 1.97 | 1.49 | 1.65 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2019 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 24,910,000,000 ÷ 439,445,842 = 56.69
3 Closing price as at the filing date of Phillips 66 Quarterly or Annual Report.
4 Q4 2019 Calculation
P/BV ratio = Share price ÷ BVPS
= 89.25 ÷ 56.69 = 1.57
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Phillips 66 P/BV ratio increased from Q2 2019 to Q3 2019 but then decreased significantly from Q3 2019 to Q4 2019. |