Is Phillips 66 overvalued?

Phillips 66 (PSX) looks overvalued — trading about 30% above its fair value.

Overvalued

Price

$171.65

Fair value

$120.95

Current P/E

15.9

Normal P/E

11.2

Market cap

$68.82B

Dividend yield

3.7%

Return on equity

15.1%

Sector

Energy

Fair value compares PSX's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 28 Jun 2026.

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