
Phillips 66 (PSX)
ValueMarkers Composite Index
30% below intrinsic value ($228)
Phillips 66 (PSX) — VMCI valuation read
Composite valuation read on PSX: VMCI 55/100 against a Energy sector median of 50. The 5-point above-median print is the headline number for Phillips 66, and at the mid-cap tier it reflects how the five pillars combine into a single decision-grade score.
Trailing 30-day insider activity for PSX: nothing material on SEC EDGAR. With the Form 4 channel quiet, the price-vs-DCF gap and the trailing margin trend carry more weight in the active read.
**Investor frame.** Value, quality, risk in three lines on PSX: PSX trades at 27.0x earnings, 50% above the Energy median of 18.0x; ROIC of 13.0% sits 3.0pp above the Energy median (10.0%); net debt to EBITDA of 1.5x leaves covenant headroom. EV/EBITDA at 14.0x versus 12.0x for Energy closes the value frame.
PSX rose 0.1% over the trailing 7 days, with a -14.4% read on a 30-day basis.
Phillips 66 operates as an energy manufacturing and logistics company. It operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties (M&S). The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market; provides terminaling and storage services for crude oil and refined petroleum products; transports, stores, fractionates, exports, and markets natural gas liquids; provides other fee-based processing services; and gathers, processes, transports, and markets natural gas. The Chemicals segment produces and markets ethylene and other olefin products; aromatics and styrenics products, such as benzene, cyclohexane, styrene, and polystyrene; and various specialty chemical products, including organosulfur chemicals, solvents, catalysts, and chemicals used in drilling and mining. The Refining segment refines crude oil and other feedstocks into petroleum products, such as gasolines, distillates, aviation, and renewable fuels at 12 refineries in the United States and Europe. The M&S segment purchases for resale and markets refined petroleum products, including gasolines, distillates, and aviation fuels primarily in the United States and Europe. This segment also manufactures and markets specialty products, such as base oils and lubricants. The company was founded in 1875 and is headquartered in Houston, Texas.
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