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Phillips 66 (PSX, Oil & Gas Refining & Marketing) Stock Valuation & Fair Value Mixed on our tests

Phillips 66 (PSX, Oil & Gas Refining & Marketing) trades at a blended P/E of 11.3, about 14% below its historical normal valuation, with a forward growth estimate of -10.7%. Priced at its historical normal P/E of 13.2 on the same blended earnings, the 2026-10-02 close of $264.58 corresponds to about $308 a share. This is a valuation reference, not a price target.

Blended P/E
11.3
Normal P/E
13.2
PEG
—
Fwd growth
-10.7%
Div yield
1.9%
RSI (14)
74.8
Overbought
Technical context
  • Price $281.60 at the 2026-10-08 close, 7.0% above the 20-day average ($263.14) and 14.6% above the 50-day ($245.66).
  • RSI (14) at 74.8.
  • 52-week range $123.11 to $281.60: the price is at the high and 128.7% above the low.

The Street vs SeerForecast

Wall Street's mean price target for PSX is $257.16 across 19 analysts, 8.7% below the current price. The average analyst rating is Buy. Our SeerForecast read of the same stock, formed without analyst targets: mixed on our tests. When the two disagree, start your digging there.

Valuation flags

Verdict history

tickerseer's rating moved from trading above its usual valuation (2026-06-03) to mixed on our tests (2026-10-05).

Blended P/E and rating by weekBlended P/E moved from 15.8 to 11.3 between 2026-06-03 and 2026-10-02, against a normal P/E of 13.2, with 1 rating change over 36 recorded weeks.2026-06-03: P/E 15.8, Trading above its usual valuation, recalculated for the week of 2026-06-032026-06-10: P/E 16.0, Trading above its usual valuation, recalculated for the week of 2026-06-102026-06-12: P/E 16.0, Trading above its usual valuation, recalculated for the week of 2026-06-142026-06-16: P/E 16.0, Trading above its usual valuation, recalculated for the week of 2026-06-162026-06-18: P/E 16.0, Trading above its usual valuation, recalculated for the week of 2026-06-212026-07-02: P/E 14.2, Mixed on our tests, recalculated for the week of 2026-07-022026-07-06: P/E 14.3, Mixed on our tests, recalculated for the week of 2026-07-062026-07-09: P/E 14.3, Mixed on our tests, recalculated for the week of 2026-07-092026-07-10: P/E 14.1, Mixed on our tests, recalculated for the week of 2026-07-122026-07-13: P/E 14.1, Mixed on our tests, recalculated for the week of 2026-07-132026-07-14: P/E 14.1, Mixed on our tests, recalculated for the week of 2026-07-142026-07-20: P/E 15.1, Mixed on our tests, recalculated for the week of 2026-07-202026-07-22: P/E 15.1, Mixed on our tests, recalculated for the week of 2026-07-222026-07-24: P/E 14.4, Mixed on our tests, recalculated for the week of 2026-07-252026-07-27: P/E 14.4, Mixed on our tests, recalculated for the week of 2026-07-272026-07-31: P/E 14.4, Mixed on our tests, recalculated for the week of 2026-07-312026-07-31: P/E 14.4, Mixed on our tests, recorded live 2026-08-032026-08-07: P/E 12.1, Mixed on our tests, recalculated for the week of 2026-08-072026-08-07: P/E 11.9, Mixed on our tests, recorded live 2026-08-102026-08-14: P/E 12.6, Mixed on our tests, recorded live 2026-08-172026-08-21: P/E 12.5, Mixed on our tests, recalculated for the week of 2026-08-212026-08-21: P/E 12.6, Mixed on our tests, recorded live 2026-08-242026-08-27: P/E 12.6, Mixed on our tests, recalculated for the week of 2026-08-272026-08-28: P/E 12.2, Mixed on our tests, recalculated for the week of 2026-08-282026-08-28: P/E 12.4, Mixed on our tests, recalculated for the week of 2026-08-302026-08-28: P/E 12.4, Mixed on our tests, recorded live 2026-08-312026-09-04: P/E 12.5, Mixed on our tests, recalculated for the week of 2026-09-052026-09-04: P/E 12.5, Mixed on our tests, recorded live 2026-09-072026-09-11: P/E 12.4, Mixed on our tests, recalculated for the week of 2026-09-122026-09-11: P/E 12.4, Mixed on our tests, recorded live 2026-09-142026-09-18: P/E 12.3, Mixed on our tests, recalculated for the week of 2026-09-192026-09-18: P/E 12.3, Mixed on our tests, recorded live 2026-09-212026-09-25: P/E 11.3, Mixed on our tests, recalculated for the week of 2026-09-262026-09-25: P/E 11.3, Mixed on our tests, recorded live 2026-09-282026-10-02: P/E 11.3, Mixed on our tests, recalculated for the week of 2026-10-032026-10-02: P/E 11.3, Mixed on our tests, recorded live 2026-10-0512.014.016.0Jun 3Jul 3Aug 2Sep 2Oct 2Normal P/E 13.2
Mixed on our testsTrading above its usual valuation

Not every point was recorded live. Points marked recalculated apply today's valuation rules to the metrics tickerseer archived that week.

Selected weeks: the first, the latest, every week the rating moved, and the cheapest and dearest.

WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 15.8+20%Trading above its usual valuation (recalculated)
2026-06-10P/E 16.0+22%Trading above its usual valuation (recalculated)
2026-07-02P/E 14.2+8%Mixed on our tests (recalculated)
2026-09-26P/E 11.3-15%Mixed on our tests (recalculated)
2026-10-05P/E 11.3-14%Mixed on our tests ← now
Show all 36 weeks
WeekBlended P/EPremium to normal P/ERating
2026-06-03P/E 15.8+20%Trading above its usual valuation (recalculated)
2026-06-10P/E 16.0+22%Trading above its usual valuation (recalculated)
2026-06-14P/E 16.0+22%Trading above its usual valuation (recalculated)
2026-06-16P/E 16.0+22%Trading above its usual valuation (recalculated)
2026-06-21P/E 16.0+22%Trading above its usual valuation (recalculated)
2026-07-02P/E 14.2+8%Mixed on our tests (recalculated)
2026-07-06P/E 14.3+9%Mixed on our tests (recalculated)
2026-07-09P/E 14.3+9%Mixed on our tests (recalculated)
2026-07-12P/E 14.1+7%Mixed on our tests (recalculated)
2026-07-13P/E 14.1+7%Mixed on our tests (recalculated)
2026-07-14P/E 14.1+7%Mixed on our tests (recalculated)
2026-07-20P/E 15.1+15%Mixed on our tests (recalculated)
2026-07-22P/E 15.1+15%Mixed on our tests (recalculated)
2026-07-25P/E 14.4+9%Mixed on our tests (recalculated)
2026-07-27P/E 14.4+9%Mixed on our tests (recalculated)
2026-07-31P/E 14.4+9%Mixed on our tests (recalculated)
2026-08-03P/E 14.4+10%Mixed on our tests
2026-08-07P/E 12.1-8%Mixed on our tests (recalculated)
2026-08-10P/E 11.9-9%Mixed on our tests
2026-08-17P/E 12.6-4%Mixed on our tests
2026-08-21P/E 12.5-5%Mixed on our tests (recalculated)
2026-08-24P/E 12.6-4%Mixed on our tests
2026-08-27P/E 12.6-4%Mixed on our tests (recalculated)
2026-08-28P/E 12.2-7%Mixed on our tests (recalculated)
2026-08-30P/E 12.4-6%Mixed on our tests (recalculated)
2026-08-31P/E 12.4-6%Mixed on our tests
2026-09-05P/E 12.5-5%Mixed on our tests (recalculated)
2026-09-07P/E 12.5-5%Mixed on our tests
2026-09-12P/E 12.4-6%Mixed on our tests (recalculated)
2026-09-14P/E 12.4-6%Mixed on our tests
2026-09-19P/E 12.3-7%Mixed on our tests (recalculated)
2026-09-21P/E 12.3-7%Mixed on our tests
2026-09-26P/E 11.3-15%Mixed on our tests (recalculated)
2026-09-28P/E 11.3-15%Mixed on our tests
2026-10-03P/E 11.3-14%Mixed on our tests (recalculated)
2026-10-05P/E 11.3-14%Mixed on our tests ← now

Frequently asked questions

Is Phillips 66 stock overvalued?

At a blended P/E of 11.3 versus its historical normal P/E of 13.2, Phillips 66 trades about 14% below its typical valuation. tickerseer currently rates it mixed on our tests.

What is Phillips 66's fair value and PEG?

Phillips 66 trades at a blended P/E of 11.3 against a historical normal P/E of 13.2, a forward growth estimate of -10.7%. Priced at its historical normal P/E of 13.2 on the same blended earnings, the 2026-10-02 close of $264.58 corresponds to about $308 a share. This is a valuation reference, not a price target.

Has tickerseer's rating of Phillips 66 changed?

tickerseer's rating moved from trading above its usual valuation (2026-06-03) to mixed on our tests (2026-10-05).

What is the analyst price target for Phillips 66?

The mean Wall Street price target for Phillips 66 is $257.16 across 19 analysts, 8.7% below the current price. tickerseer's SeerForecast verdict is formed independently of analyst targets.

Industry: Oil & Gas Refining & Marketing. Create a free account to see the full analysis: the SeerAI score, its five quality sub-scores, valuation history, and the AI research note. Options setups and metric history are part of the paid plans.

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